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 (NASDAQ:DFSC, TSXV:DFSC) announced board changes on April 20, 2026: David Ibbetson, former General Manager of General Dynamics Mission Systems International, joined the board, and director Paul Mangano retired. The moves aim to strengthen DEFSEC's strategic leadership and support increased participation in Canada’s Defence Industrial Strategy.
DEFSEC (TSXV: DFSC / NASDAQ: DFSC) announced BLISS, a next-generation Battlespace Laser Identification Sensor System with a companion software suite and a provisional patent application filed for new technology.
Initial sample BLISS units are scheduled for delivery to the U.S. Army in the coming month as the follow-on to prior BLDS testing; a plug-in demo is planned for May 2026.
DEFSEC Technologies (TSXV: DFSC; NASDAQ: DFSC) reported results from its 2026 Annual and Special Meeting held February 19, 2026. Shareholders approved setting the Board at seven directors, elected all director nominees, appointed MNP LLP as auditor, and approved the Company's amended long term incentive plan.
Resolutions were adopted as detailed in the Company's amended and restated management information circular dated January 14, 2026. Contact information for CFO Jennifer Welsh, CEO Sean Homuth and Investor Relations Jason Frame was provided.
DEFSEC Technologies (NASDAQ:DFSC, TSXV:DFSC) reported strong Q1 Fiscal 2026 results with revenue up 47% to $1.308 million and improved profitability metrics versus Q1 Fiscal 2025. Gross profit was $404.7k, net loss narrowed to $2.083 million, and EBITDA loss improved to $1.868 million.
The company reported cash of $5.037 million at Dec 31, 2025, and said annualized program billings reached approximately $9.01 million in February 2026 with near-term growth to about $9.92 million. DEFSEC also closed a registered direct offering and recorded its first DEFSEC Lightning SaaS subscription.
DEFSEC Technologies (NASDAQ: DFSC / TSXV: DFSC) announced the appointment of Elisabeth Preston as Senior Vice-President and Chief Legal Officer on February 2, 2026.
Preston brings private and public defence and security experience, cross-border U.S.-Canada transaction expertise, and international relationship management skills. Management said she will support the company’s ongoing growth.
DEFSEC Technologies (TSXV: DFSC / NASDAQ: DFSC) voluntarily filed restated unaudited condensed consolidated interim financial statements for the three and nine months ended June 30, 2025 and 2024 and a related Restated MD&A.
The adjustments correct the initial measurement of right-of-use assets, lease liabilities and lease-related prepayments for a June 2025 lease; changes were limited to the interim statements of financial position and notes. There was no change to net loss, cash flows or shareholders' equity, and working capital as at June 30, 2025 increased by $0.2 million. Documents are available on SEDAR+.
DEFSEC Technologies (TSXV: DFSC; NASDAQ: DFSC) appointed Niel Marotta to its board effective January 23, 2026 and increased the board size from six to seven directors.
The company filed an amended and restated notice and management information circular to reflect the director addition, treatment of previously received proxies, and a revised annual and special meeting date moved from February 12, 2026 to February 19, 2026. Original proxies already submitted remain valid and will be used to vote FOR fixing the board at seven directors and FOR the election of Niel Marotta unless a shareholder submits the amended proxy to vote AGAINST or WITHHOLD.
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.