Quarterly ResultMay 14, 2026, 06:08 AM
DEFSEC Technologies Q2 Revenue +68%; Launches ARWEN 40mm Ammunition
AI Summary
DEFSEC Technologies Inc. announced strong second-quarter fiscal 2026 results, with total revenue increasing by 68% and government program revenue up 81% year-over-year. The company also achieved significant product milestones, including the commercial launch of ARWEN® 40mm baton ammunition, the first shipment of the PARA SHOTTM system, and the commercial release of DEFSEC LightningTM SaaS. Annualized defense program billings reached approximately $9.41 million, reflecting continued growth in its defense software business.
Key Highlights
- Total revenue increased 68% to $2.12 million in Q2 Fiscal 2026.
- Revenue from government programs rose 81% from Q2 Fiscal 2025.
- Gross margin increased 99.4% to $626,000 in Q2 Fiscal 2026.
- Annualized defense program billings reached approximately $9.41 million.
- Launched ARWEN® 40mm baton ammunition and shipped PARA SHOTTM system.
- Cash and short-term investments were $2.99 million as of March 31, 2026.
- Granted 151,552 stock options to directors, officers, and consultants at $6.75 per share.