Liberty Defense Holdings reported a net loss of $4.9 million for the six months ended June 30, 2026, with operating cash outflows of $8.0 million. The company generated $961,623 in revenue, driven by $686,623 from HEXWAVE security detection systems and $275,000 in contract revenue. A significant non-cash gain of $1.33 million was recognized on the initial recognition of derivative warrant liabilities following a change in functional currency from CAD to USD. The company completed its U.S. IPO in April 2026, raising approximately $18.6 million net, which improved working capital to $7.2 million and increased cash reserves to $7.6 million. Liberty Defense Holdings operates in the security detection industry, developing and commercializing advanced millimeter wave imaging technologies for threat screening.

Liberty Defense Holdings Ltd. announced that President Bryan Cunningham left the company to return to privacy and advocacy work, effective July 22, 2026. The company does not plan to immediately fill the vacant President position, though CEO Bill Frain expressed confidence in the existing leadership team's ability to execute strategic priorities. Liberty Defense Holdings Ltd. operates in the security technology industry, providing AI-based detection solutions for concealed weapons and threats.