Quarterly ResultAug 12, 2026, 05:24 PM
DEFSEC Q3 Revenue $2.72M, Net Loss $(2.59M); Going Concern Doubt
AI Summary
DEFSEC Technologies Inc. reported its Q3 2026 interim financial results, with revenue increasing to $2.72 million from $1.42 million year-over-year. The company posted a net loss of $(2.59) million, compared to $(2.31) million in the prior year. The filing highlights material risks and uncertainties that cast substantial doubt on the company's ability to continue as a going concern, citing significant losses and negative operating cash flows.
Key Highlights
- Q3 2026 revenue increased to $2.72 million from $1.42 million year-over-year.
- Q3 2026 net loss was $(2.59) million, compared to $(2.31) million in the prior year.
- Net loss per share for Q3 2026 was $(1.28), an improvement from $(3.69) year-over-year.
- Nine-month revenue grew to $6.15 million from $3.57 million year-over-year.
- Nine-month net loss was $(6.69) million, an improvement from $(7.22) million year-over-year.
- Cash and cash equivalents decreased to $3.48 million as of June 30, 2026, from $6.69 million as of September 30, 2025.
- Working capital decreased to $3.7 million as of June 30, 2026, from $6.0 million as of September 30, 2025.
- The company's ability to continue as a going concern is subject to material risks and uncertainties.
Price Impact
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