DEFSEC Technologies Inc. reported unaudited financial results for the nine months ended June 30, 2026. Revenue increased 72% to CAD$6.1 million from CAD$3.6 million in the prior year period, driven by digitization services. The company incurred a net loss of CAD$6.7 million compared to CAD$7.2 million previously. Operating expenses rose to CAD$8.5 million, largely due to increased share-based compensation and personnel costs. In June 2026, DEFSEC completed a registered direct offering and concurrent private placement, issuing 673,006 common shares at CAD$3.74 per share and raising net proceeds for working capital. The company maintains a going concern basis due to negative operating cash flows of CAD$6.4 million and accumulated deficits. DEFSEC Technologies Inc. develops and commercializes tactical systems and services for military, public safety, and personal defense markets.
