Quarterly ResultAug 13, 2026, 08:31 AM
DEFSEC Q3 Revenue +92% to C$2.72M; BLISS™ US Army Testing Completed
AI Summary
DEFSEC Technologies Inc. announced its Q3 Fiscal 2026 results, reporting a 92% increase in total revenue to C$2.72 million and a 126% rise in gross margin to C$901.7 thousand, with gross margin percentage improving to 33.1%. The company also completed U.S. Army testing of its BLISS™ system and received an invitation for further evaluation. Additionally, DEFSEC commercially released its Lightning™ 2.0 SaaS platform and ARWEN® 40mm baton ammunition, marking significant product milestones. Despite increased adjusted EBITDA loss, the company highlighted strong growth in its defense software business.
Key Highlights
- Total revenue increased 92% to C$2.72 million in Q3 Fiscal 2026.
- Gross margin rose 126% to C$901.7 thousand, with gross margin percentage improving to 33.1%.
- Completed test and evaluation of BLISS™ with a U.S. Army Vehicle Program.
- Received invitation for an additional U.S. Army-Hosted Evaluation for BLISS™ in late August 2026.
- Commercially released DEFSEC Lightning™ 2.0 SaaS platform on May 6, 2026.
- Commercially released ARWEN® 40mm baton ammunition on May 13, 2026.
- Adjusted EBITDA loss increased to C$(1,942.7) thousand from C$(1,491.5) thousand.
- Cash and short-term investments stood at C$3,529.7 thousand as of June 30, 2026.
Price Impact
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