Company research
DEFSEC Technologies Inc.
CIK 1889823Updated Sep 24, 2026
Name history
KWESST Micro Systems Inc. · through Jun 26, 2025
DFSC price & chart
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NASDAQ:DFSC on TradingView ↗About the company
DEFSEC is an early-stage technology company that develops and commercializes next-generation tactical systems and services for military and security forces and public safety markets.
In the news
Seeking Alpha
DEFSEC announces C$5.54M private placement ↗
Recent filings
Show 5 more recent filings
Financials
FY 2024 · CADSource
Source
Source
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Profit or LossCAD | -7,437,759Source | -9,306,360Source | -10,520,290Source |
| Additional Financial Items | |||
| AdjustmentsForIncreaseDecreaseInTradeAccountPayableCAD | -257,257Source | -1,666,486Source | 2,515,289Source |
| AdjustmentsForSharebasedPaymentsCAD | 291,761Source | 373,554Source | 1,960,072Source |
| GeneralAndAdministrativeExpenseCAD | 6,269,257Source | 7,244,762Source | 4,915,263Source |
| IncreaseDecreaseInWorkingCapitalCAD | 343,671Source | 2,310,266Source | -3,639,822Source |
| InterestPaidClassifiedAsFinancingActivitiesCAD | — | 103,178Source | 100,520Source |
| InterestPaidClassifiedAsOperatingActivitiesCAD | -4,997Source | 130,126Source | 120,416Source |
| PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesCAD | 197,651Source | 75,487Source | 42,504Source |
| ProceedsFromBorrowingsClassifiedAsFinancingActivitiesCAD | 0Source | 0Source | 2,543,230Source |
| PurchaseOfIntangibleAssetsClassifiedAsInvestingActivitiesCAD | 9,823Source | 1,123,186Source | 1,176,664Source |
| RepaymentsOfBorrowingsClassifiedAsFinancingActivitiesCAD | 0Source | 2,333,315Source | 0Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Cost of Goods and Services Sold | — | — | — |
| Selling, General and Administrative ExpenseCAD | 1,538,882Source | 3,024,283Source | 3,296,373Source |
| Total RevenueCAD | 1,504,328Source | 1,234,450Source | 721,519Source |
| Additional Financial Items | |||
| ApplicableTaxRatenumber | 0.27Source | 0.27Source | 0.27Source |
| BasicEarningsLossPerShareCAD/shares | -8.99Source | -2.28Source | -14.41Source |
| CurrentTaxExpenseIncomeCAD | 0Source | 0Source | 0Source |
| DeferredTaxExpenseIncomeCAD | 0Source | 0Source | -49,442Source |
| DeferredTaxExpenseIncomeRecognisedInProfitOrLossCAD | 0Source | 0Source | 49,442Source |
| DepreciationAndAmortisationExpenseCAD | 1,277,911Source | 952,508Source | 326,491Source |
| DepreciationRightofuseAssetsCAD | — | — | 58,083Source |
| DilutedEarningsLossPerShareCAD/shares | -8.99Source | -2.28Source | -14.41Source |
| EmployeeBenefitsExpenseCAD | 4,670,646Source | 3,011,923Source | 4,883,062Source |
| GeneralAndAdministrativeExpenseCAD | 6,269,257Source | 7,244,762Source | 4,915,263Source |
| GrossProfitCAD | 486,502Source | -191,378Source | 184,784Source |
| ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwillCAD | 0Source | 1,169,440Source | — |
| IncomeTaxExpenseContinuingOperationsCAD | 0Source | 0Source | -49,442Source |
| InterestExpenseCAD | 252,010Source | 723,548Source | 511,990Source |
| OtherOperatingIncomeExpenseCAD | 2,361,614Source | 2,798,628Source | -478,387Source |
| ProfessionalFeesExpenseCAD | 967,938Source | 940,667Source | 1,028,240Source |
| ProfitLossBeforeTaxCAD | -7,437,759Source | -9,306,360Source | -10,569,732Source |
| ProfitLossFromOperatingActivitiesCAD | -9,799,373Source | -12,104,988Source | -10,091,345Source |
| ResearchAndDevelopmentExpenseCAD | 2,477,736Source | 1,644,565Source | 2,064,493Source |
| RevenueFromInterestCAD | 55,687Source | 55,514Source | 5,988Source |
Offerings
Registration 333-297630
Registration 333-288827
- Deal price
- 8.955
- Offering price
- $8.955
- Ticker
- DFSCW