Security
DEFSEC Technologies Inc. Warrant · DFSCW
DFSCWNASDAQWarrantCurrentCIK 1889823Updated Oct 21, 2026
Name history
KWESST Micro Systems Inc. · through Jun 26, 2025
DFSCW price & chart
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NASDAQ:DFSCW 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
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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 | —Source | —Source | —Source |
| 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 333-298712
Registration 333-297630
Underwriters: H.C. Wainwright & Co., LLC
Registration 333-293140
Registration 333-288827
- Deal price
- 8.955
- Offering price
- $8.955
- Ticker
- DFSCW
Filing attachments
ex991.htm · 6-K · 2026-10-20
EXHIBIT 99.1 DEFSEC Technologies Inc. Provides Corporate Update Business Development Strategy to Support Accelerated Growth for ARWEN Increased Presence at Industry Conferences ────────────────────────────────────────────── OTTAWA, ON, Oct. 20, 2026 /CNW/ - DEFSEC Technologies Inc. (TSXV: DFSC) (DFSC. WT. U) (NASDAQ: DFSC) (NASDAQ: DFSCW) ("DEFSEC" or the "Company") today provided a corporate update covering preliminary year-end cash and cash equivalents, product developments, business …
Read attachment ↗ex991.htm · 6-K · 2026-09-14
EXHIBIT 99.1 DEFSEC Technologies Inc. Announces Board Changes George Weber, former Chairman of Calian Group Ltd (TSX: CGY) joins board as Vice-Chairman David Luxton moves to role of Chairman from Executive Chairman Paul Fortin retires from board OTTAWA, ON, Sept. 14, 2026 /CNW/ -- DEFSEC Technologies Inc. (TSXV: DFSC) (TSXV: DFSC. WT. U) (NASDAQ: DFSC) (NASDAQ: DFSCW) ("DEFSEC" or the "Company") today announced changes to its board of directors as it heads into its 2027 Fiscal Year (FY) com…
Read attachment ↗ex991.htm · 6-K · 2026-08-19
EXHIBIT 99.1 DEFSEC Technologies Inc. Announces Closing of CDN$5.54 Million Private Placement OTTAWA, ON, Aug. 18, 2026 /CNW/ -- DEFSEC Technologies Inc. (TSXV: DFSC) (TSXV: DFSC. WT. U) (NASDAQ: DFSC) (NASDAQ: DFSCW) ("DEFSEC" or the "Company") today announced the closing of its previously announced private placement (the "Offering") for the issuance and sale of 1,951,219 common shares in the capital of the Company, no par value per share (each a "Common Share") (or pre-funded warrants (each …
Read attachment ↗ex991.htm · 6-K · 2026-08-17
EXHIBIT 99.1 DEFSEC Technologies Inc. Announces CDN$5.54 Million Private Placement OTTAWA, ON, Aug. 17, 2026 /CNW/ -- DEFSEC Technologies Inc. (TSXV: DFSC) (TSXV: DFSC. WT. U) (NASDAQ: DFSC) (NASDAQ: DFSCW) ("DEFSEC" or the "Company") today announced that it has entered into definitive agreements for the issuance and sale of 1,951,219 common shares in the capital of the Company, no par value per share (each a "Common Share") (or pre-funded warrants (each, a "Pre-funded Warrant") in lieu thereo…
Read attachment ↗ex991.htm · 6-K · 2026-08-13
EXHIBIT 99.1 DEFSEC Technologies Inc. Announces Third Quarter Fiscal 2026 Results Revenue from digitization services on Government programs up 121% from Q3 Fiscal 2025, with total revenue up 92% over the same period; ────────────────────────────────────────────────────────────────────────── Gross margin $ increase of 126%, with improvement in gross margin to 33.1% from 28.2% in Q3 Fiscal 2025; Strong cash and AR position of +$5.8 million; and Test and Evaluation of BLISS™ compl…
Read attachment ↗ex991.htm · 6-K · 2026-06-26
EXHIBIT 99.1 DEFSEC Technologies Announces Closing of CAD$2.5 Million Registered Direct Offering OTTAWA, ON, June 26, 2026 /CNW/ - DEFSEC Technologies Inc. (TSXV: DFSC) (TSXV: DFSC. WT. U) (NASDAQ: DFSC) (NASDAQ: DFSCW) ("DEFSEC" or the "Company"), today announced the closing of its previously announced registered direct offering for the purchase and sale of 673,006 common shares at a purchase price of CAD$3.74 (US$2.63) per common share. In a concurrent private placement, the Company issued u…
Read attachment ↗