Welcome to our dedicated page for DEFSEC Technologies news (Ticker: DFSC), a resource for investors and traders seeking the latest updates and insights on DEFSEC Technologies stock.
DEFSEC Technologies Inc. develops and commercializes next-generation tactical systems for military, security and public-safety users. Company news centers on BLISS, its Battlespace Laser Identification Sensor System, the earlier BLDS laser-detection system, DEFSEC Lightning real-time situational awareness software, TAK-based integration, drone and electronic-detection countermeasures, and the PARA SHOT less-lethal product line.
Updates also cover product shipments for U.S. military evaluation, SaaS subscription activity for Lightning, financial results and MD&A-related announcements, restated interim statements, annual meeting outcomes, incentive-plan and auditor approvals, and board or executive appointments tied to governance and defense-industry commercialization.
DEFSEC Technologies (TSXV:DFSC, NASDAQ:DFSC) reported FY2025 results and FY2026 outlook on December 30, 2025. Revenue rose 229% to $4.9M from FY2024, with digitization revenue up 289% to $4.0M. Gross margin was $1.7M (35.2%). Operating loss narrowed to $9.1M. Cash and equivalents were $6.7M at Sept 30, 2025. Management expects program billings on an annualized go‑forward basis of $8.81M with ~41 roles by February 2026 and estimated programmatic gross margin of $2.62M annually. First DEFSEC Lightning SaaS order received; BLDS prototype evaluation delivered for an armoured vehicle program. 2025 financings raised proceeds and issued common shares and warrants, supporting operations into 2026.
DEFSEC Technologies (TSXV: DFSC, NASDAQ: DFSC) closed a registered direct offering on December 18, 2025, issuing 566,040 common shares at CAD$3.64 (US$2.65) per share for gross proceeds of approximately CAD$2.1 million.
In a concurrent private placement the company issued 566,040 unregistered warrants exercisable at CAD$4.27 for five years; placement agent H.C. Wainwright received CAD$154,529 cash and 42,453 warrants exercisable at CAD$4.55 for five years. Proceeds are intended for working capital and general corporate purposes. Offering was made under a Form F-3 shelf declared effective March 4, 2024, and remains subject to final TSXV approval.
DEFSEC Technologies (TSXV: DFSC; NASDAQ: DFSC) announced a registered direct offering of 566,040 common shares at CAD$3.64 (US$2.65) per share and a concurrent private placement of unregistered warrants to purchase up to 566,040 common shares at an exercise price of CAD$4.27, exercisable immediately and expiring five years from issuance.
The offering is expected to close on or about December 18, 2025, with gross proceeds of approximately CAD$2.1 million before placement agent fees. H.C. Wainwright & Co. is the exclusive placement agent. Net proceeds are intended for working capital and general corporate purposes. Common shares are offered under a Form F-3 shelf registration declared effective March 4, 2024.
DEFSEC Technologies (TSXV:DFSC, NASDAQ:DFSC) announced on Dec 5, 2025 that it will staff a total of 39 roles for government services commencing February 2026, up 62.5% from 24 roles previously disclosed. Effective February 2026, DEFSEC's go-forward annualized program billings are expected to rise to approximately CAD$8.3M (from CAD$5.1M previously reported) and to be ~704% higher than FY2024 programmatic revenue of CAD$1.0M. Annualized gross margin contribution on programmatic work is expected to reach ~CAD$2.3M (an ~845% increase versus FY2024).
The company will subcontract 13 of 15 new roles from ADGA and says commencement is subject to customary onboarding procedures.
DEFSEC (NASDAQ:DFSC) will present at the ThinkEquity Investor Conference in New York City on October 30, 2025 with a live webcast at 10:30am ET (available 90 days).
DEFSEC reported a current annualized go-forward billing run-rate of CAD$5.1M, a 394% increase versus Fiscal 2024 billings of CAD$1.0M, tied to Canadian government defence programs including a CAD$27M DSEF workshare and ~$48M Land C4ISR workshare (initial term values; options excluded). The release also updates product progress for DEFSEC Lightning, ARWEN training cartridge rollout, PARA SHOT, and BLDS prototype deliveries and low-rate orders.
DEFSEC Technologies Inc. (NASDAQ: DFSC) reported strong financial results for Q3 2025, with revenue increasing 330% to $1.4 million compared to Q3 2024. The company's gross margin grew significantly by 879% to $0.4 million, with margin percentage improving from 12.4% to 28.2%. The growth was primarily driven by Land C4ISR government contracts and the ARWEN® product line.
Key financial metrics include a 278% year-to-date revenue increase to $3.6 million and a 388% year-to-date gross margin growth. The company's cash balance increased by $2.3 million over fiscal 2024 year-end, with an additional $6.8 million raised through a subsequent public offering. Operating expenses remained stable at $2.2 million for Q3, while management expects continued revenue growth from government defense programs and ARWEN® business expansion.
DEFSEC Technologies (NASDAQ: DFSC) has successfully closed its previously announced public offering, raising CAD$6.8 million in gross proceeds. The offering consisted of 759,879 common shares (or pre-funded warrants) along with warrants to purchase an equal number of common shares at a combined price of CAD$8.955 per share.
The accompanying warrants have an exercise price of CAD$10.52 per share with a five-year expiration term. H.C. Wainwright & Co. served as the exclusive placement agent, receiving a CAD$510,354 cash fee and 56,991 placement agent's warrants. The company plans to utilize the net proceeds for working capital and general corporate purposes.
DEFSEC Technologies (NASDAQ: DFSC) has announced the pricing of a public offering expected to raise CAD$6.8 million. The offering consists of 759,879 common shares (or pre-funded warrants) along with warrants to purchase an equal number of shares at a combined price of CAD$8.955 per share.
The accompanying warrants have an exercise price of CAD$10.52 per share and will expire in five years. The offering, exclusively placed by H.C. Wainwright & Co., is expected to close around July 25, 2025. DEFSEC plans to use the net proceeds for working capital and general corporate purposes.
KWESST Micro Systems Inc. (NASDAQ: KWE) has announced its intention to change its corporate name to DEFSEC Technologies Inc. and will trade under the new symbol DFSC on both TSXV and Nasdaq, expected to be effective around June 30, 2025.
The announcement was made during the opening of the company's expanded facility in Kanata North, Ottawa, which is twice the size of its previous location. The company showcased its defense and security technologies, including its Battlefield Laser Detection System, ARWEN non-lethal products, and real-time situational awareness systems. Notable contracts include strategic partnerships with Thales and Akkodis for the Canadian Department of National Defence, valued at up to $75M through 2028.