DEFSEC Technologies Inc
DFSCIndustrials·Aerospace & Defense·Canada·Nano·NASD·Nov 11 • 10:47 AM ET
0.5245-0.0101 (-1.89%)
2026-11-11 16:52 CET
Market cap
2.46 USD m
Revenue, TTM
5.45 USD m
Net income, TTM
-6.59 USD m
Free cash flow, TTM
-5.83 USD m
EPS diluted, TTM
-4.62
P/E
-
Price
DFSC against its 20, 50 and 200-day averages2050200
89.7% under the 52-week high of 5.09 on 12 May 2026. 52-week low 0.49 on 5 Nov 2026. Last 15 sessions, 68.0% high to low
Profile
DFSC52-week range, 1% of the way up
0.495.09
DEFSEC Technologies, Inc. provides defense and security services. The firm's technology portfolio includes its proprietary MISST system, Micro Integrated Systems and Software Technology. The company was founded by Jeff Macleod on November 28, 2017, and is headquartered in Ottawa, Canada.
| Employees | 46 |
|---|---|
| IPO | Dec 15, 2020 |
| Beta | 2.89 |
| ATR, 14d | 0.09 |
| Rel volume | 0.00 |
| Short float | 1.38% |
| Insider own | 13.17% |
| Inst own | 15.90% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 2.41M |
| Enterprise Value | 0.83M |
| Income | -6.59M |
| Sales | 5.45M |
| Book/sh | 1.35 |
| Cash/sh | 0.54 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 46 |
| IPO | Dec 15, 2020 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | 0.44 |
| P/B | 0.39 |
| P/C | 0.97 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | 0.15 |
| Quick Ratio | 1.95 |
| Current Ratio | 2.13 |
| Debt/Eq | 0.25 |
| LT Debt/Eq | 0.24 |
| Option/Short | No / Yes |
Earnings
| EPS (ttm) | -4.62 |
|---|---|
| EPS next Y | - |
| EPS next Q | - |
| EPS this Y | - |
| EPS next Y | - |
| EPS next 5Y | - |
| EPS past 3/5Y | 83.17% 61.01% |
| Sales past 3/5Y | 84.30% 40.72% |
| EPS Y/Y TTM | 90.14% |
| Sales Y/Y TTM | 84.64% |
| EPS Q/Q | 65.35% |
| Sales Q/Q | 92.09% |
| Earnings | - |
| EPS/Sales Surpr. | - - |
Ownership
| Insider Own | 13.17% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 15.90% |
| Inst Trans | 15.23% |
| ROA | -89.17% |
| ROE | -189.22% |
| ROIC | -147.59% |
| Gross Margin | 25.29% |
| Oper. Margin | -122.63% |
| Profit Margin | -120.93% |
| SMA20 | -20.34% |
| SMA50 | -45.77% |
| SMA200 | -74.85% |
| Trades | - |
Technical
| Shs Outstand | 4.59M |
|---|---|
| Shs Float | 3.99M |
| Short Float | 1.38% |
| Short Ratio | 0.02 |
| Short Interest | 0.05M |
| 52W High | 5.09 -89.70% |
| 52W Low | 0.49 7.57% |
| Volatility | 14.53% 14.08% |
| ATR (14) | 0.09 |
| RSI (14) | 25.71 |
| Beta | 2.89 |
| Rel Volume | 0.00 |
| Avg Volume | 2.50M |
| Volume | 2,864 |
Performance
| Perf Week | -6.54% |
|---|---|
| Perf Month | -36.42% |
| Perf Quarter | -77.29% |
| Perf Half Y | -89.16% |
| Perf YTD | -69.15% |
| Perf Year | -84.01% |
| Perf 3Y | -99.76% |
| Perf 5Y | -100.00% |
| Perf 10Y | - |
| Recom | 1.00 |
| Target Price | 1053.67 |
| Prev Close | 0.53 |
| Price | 0.52 |
| Change % | -1.89% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| BYRN | Byrna Technologies Inc | 99.47M |
| AXON | Axon Enterprise Inc | 25.70B |
| PRZO | ParaZero Technologies Ltd | 14.08M |
| DFNS | T3 Defense Inc | 8.52M |
| VWAV | VisionWave Holdings Inc | 3.55M |
| CDRE | Cadre Holdings Inc | 1.46B |
| SPAI | Safe Pro Group Inc | 63.99M |
| DUKR | DUKE Robotics Corp | 10.97M |
| MOB | Mobilicom Limited | 31.78M |
| WRAP | Wrap Technologies Inc | 78.43M |
News
latest 14 of 206- DEFSEC Receives Favorable ATF Classification for Arwen Micro Non-Lethal Irritant Launcher, Clearing Path to U.S. Civilian Market (PR Newswire)
- DEFSEC Technologies Inc. Provides Corporate Update (PR Newswire)
- DEFSEC Technologies Inc. Announces Board Changes (PR Newswire) -8.04%
- DEFSEC Technologies Inc. Announces Closing of CDN$5.54 Million Private Placement (PR Newswire) -8.21%
- DEFSEC Technologies Inc. Announces CDN$5.54 Million Private Placement (PR Newswire) -28.00%
- Loading…
- DEFSEC Technologies Inc. Announces Third Quarter Fiscal 2026 Results (PR Newswire) +86.29%
- DEFSEC Technologies Announces Closing of CAD$2.5 Million Registered Direct Offering (PR Newswire)
- DEFSEC Technologies Announces CAD$2.5 Million Registered Direct Offering (PR Newswire) -27.91%
- DEFSEC Technologies Inc. Announces Strong Second Quarter (PR Newswire) -13.33%
- DEFSEC Announces Commercial Release of Its Next-Generation Lightning Real-Time Situational Awareness System For Critical Incident Response (PR Newswire) +11.27%
- DEFSEC Ships New BLISS ("Battlespace Laser Identification Sensor System") To U.S. Army Yuma Test Center (PR Newswire) +20.95%
- DEFSEC Announces Board Changes, Strengthening Strategic Leadership (PR Newswire) +23.97%
- DEFSEC Announces Next Generation Battlespace Laser Identification Sensor System (BLISS) and Companion Application Suite (Newsfile) +5.24%
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2025Q1 | 2025-02-18 | -16.876 | - | - | 0.63 | - | - |
| 2024Q4 | 2024-12-30 | -12.976 | - | -22.782 | 0.38 | - | - |
| 2024Q3 | 2024-08-20 | -19.902 | - | -20.261 | 0.24 | - | - |
| 2024Q2 | 2024-05-15 | -93.828 | - | -94.661 | 0.36 | - | - |
| 2024Q1 | 2024-02-16 | -10.857 | - | -10.953 | 0.10 | - | - |
| 2023Q3 | 2023-08-22 | -125.64 | -114.14 | -126.3 | 0.11 | 0.15 | 1 |
| 2023Q2 | 2023-05-26 | -44.730 | - | -44.601 | 0.12 | - | - |
| 2023Q1 | 2023-02-13 | -215.46 | -4.704 | -212.25 | 0.24 | 0.75 | 1 |
| 2022Q4 | 2023-01-27 | -4.704 | -4.935 | -496.42 | 0.19 | 0.37 | 1 |
| 2022Q3 | 2022-08-12 | -8.232 | -6.594 | -576.25 | 0.22 | 0.59 | 1 |
| 2022Q2 | 2022-05-30 | -8.253 | -8.148 | -532.93 | 0.08 | 0.08 | 1 |
| 2022Q1 | 2022-03-03 | -11.571 | -6.636 | -771.38 | 0.01 | 0.39 | 1 |
| 2021Q4 | 2022-01-31 | -9.051 | - | -731.3 | 0.10 | - | 1 |
| 2021Q3 | 2021-11-24 | -9.912 | - | -683.22 | 0.41 | - | 1 |
| 2021Q2 | 2021-07-08 | -8.421 | - | -627.24 | 0.36 | - | - |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2021FY | -2,428 | -1,913 | -2,445 | 1.00 | 1.10 |
| 2022FY | -2,272 | - | -2,368 | 0.54 | - |
| 2023FY | -354.61 | -420.95 | -354.94 | 0.91 | 0.75 |
| 2024FY | -131.08 | - | - | 1.04 | - |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2025FY | E | 2024-01-17 | 1 | 0 | 0 | -3.66 | -3.66 | -3.66 |
| 2025FY | E | 2024-01-16 | 1 | 0 | 0 | -3.66 | -3.66 | -3.66 |
| 2025FY | E | 2024-01-15 | 1 | 0 | 0 | -3.66 | -3.66 | -3.66 |
| 2025FY | E | 2024-01-14 | 1 | 0 | 0 | -3.66 | -3.66 | -3.66 |
| 2025FY | E | 2024-01-13 | 1 | 0 | 0 | -3.66 | -3.66 | -3.66 |
| 2025FY | E | 2024-01-12 | 1 | 0 | 0 | -3.66 | -3.66 | -3.66 |
| 2025FY | E | 2024-01-11 | 1 | 0 | 0 | -3.66 | -3.66 | -3.66 |
| 2025FY | E | 2024-01-10 | 1 | 0 | 0 | -3.66 | -3.66 | -3.66 |
| 2025FY | E | 2024-01-09 | 1 | 0 | 0 | -3.66 | -3.66 | -3.66 |
| 2025FY | E | 2024-01-08 | 1 | 0 | 0 | -3.66 | -3.66 | -3.66 |
| 2025FY | E | 2024-01-07 | 1 | 0 | 0 | -3.66 | -3.66 | -3.66 |
| 2025FY | E | 2024-01-06 | 1 | 0 | 0 | -3.66 | -3.66 | -3.66 |
| 2024Q4 | S | 2024-01-06 | 1 | 0 | 0 | 3.69 | 3.69 | 3.69 |
| 2024Q4 | S | 2024-01-05 | 1 | 0 | 0 | 3.69 | 3.69 | 3.69 |
Estimate history
| EPS, annual | -1.599 | -3099.479 | -0.095 | -1252.828 | -2444.656 | -2367.896 | -354.941 | -138.767 | -11.284 | -4.6203 |
|---|---|---|---|---|---|---|---|---|---|---|
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| EPS, quarterly | -20.261 | -22.782 | -17.121 | -4.291 | -2.665 | -1.959 | -0.998 | -0.74 | -0.924 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
| Sales, annual | 0 | 0 | 0 | 0.641 | 1.009 | 0.565 | 0.915 | 1.105 | 3.535 | 5.45 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| Sales, quarterly | 0.241 | 0.411 | 0.635 | 0.881 | 1.024 | 0.997 | 0.938 | 1.545 | 1.966 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
| Shares, annual | 0 | 0 | 0.857 | 0.003 | 0.003 | 0.004 | 0.027 | 0.075 | 1.396 | 2.667 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ |
| Shares, quarterly | 0.053 | 0.075 | 0.376 | 0.53 | 0.668 | 1.396 | 1.994 | 1.994 | 2.667 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 5.45 | 3.54 | 1.11 | 0.92 | 0.56 | 1.01 | 0.64 | 0.00 | 0.00 |
| Cost of Goods Sold Incl. D&A | 4.07 | 3.06 | 1.69 | 1.76 | 0.68 | 0.74 | 0.26 | 0.00 | 0.00 |
| Gross Profit | 1.38 | 0.48 | -0.58 | -0.85 | -0.11 | 0.27 | 0.38 | 0.00 | 0.00 |
| Selling, General and Administrative Excl. Other | 8.06 | 6.97 | 6.62 | 8.13 | 7.79 | 7.52 | 1.81 | 0.04 | 0.06 |
| Research and Development | 2.04 | 1.69 | 1.80 | 1.19 | 1.56 | 1.67 | 0.60 | - | - |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -6.68 | -6.49 | -7.20 | -8.97 | -7.90 | -7.26 | -1.43 | -0.04 | -0.06 |
| Interest Expense | 0.19 | 0.18 | 0.19 | 0.54 | 0.40 | 0.09 | 0.07 | 0.00 | 0.00 |
| Unusual Expense | -0.15 | -0.94 | -2.24 | -4.33 | 0.00 | 0.02 | 1.13 | - | - |
| Net Income Before Taxes | -6.59 | -6.89 | -5.47 | -6.90 | -8.27 | -7.37 | -2.63 | -0.04 | -0.06 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | -0.04 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -6.59 | -6.89 | -5.47 | -6.90 | -8.23 | -7.37 | -2.63 | -0.04 | -0.06 |
| Net Income From Continuing Operations | -6.59 | -6.89 | -5.47 | -6.90 | -8.23 | -7.37 | -2.63 | -0.04 | -0.06 |
| Net Income | -6.59 | -6.89 | -5.47 | -6.90 | -8.23 | -7.37 | -2.63 | -0.04 | -0.06 |
| EPS (Recurring) | -3.31 | -12.36 | -178.57 | -510.89 | -2,367.84 | -2,440.62 | -877.17 | -0.09 | -3,099.51 |
| EPS (Basic, Before Extraordinaries) | -4.62 | -11.28 | -138.77 | -354.94 | -2,367.90 | -2,444.66 | -1,252.83 | -0.09 | -3,099.48 |
| EPS (Diluted) | -4.62 | -11.28 | -138.77 | -354.94 | -2,367.90 | -2,444.66 | -1,252.83 | -0.09 | -3,099.48 |
| EBITDA | -6.20 | -5.72 | -6.26 | -8.27 | -7.64 | -7.15 | -1.36 | -0.04 | -0.06 |
| Non-Operating Income (Expense) | 0.13 | -1.15 | -0.32 | -1.72 | 0.03 | 0.00 | -0.00 | 0.00 | 0.00 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 0.36 | 0.08 | 0.21 | 0.28 | 1.30 | 1.95 | 0.21 | 0.00 | 0.02 |
| Price To Sales Ratio | 0.91 | 0.61 | 1.08 | 6.93 | 7.91 | 68.27 | 27.03 | - | - |
| Gross Margin | 25.29 | 13.44 | -52.61 | -92.66 | -19.64 | 26.33 | 59.33 | - | - |
| Operating Margin | -122.63 | -183.72 | -651.41 | -980.60 | -1,398.62 | -719.57 | -223.81 | - | - |
| Net Margin | -120.93 | -194.77 | -494.42 | -753.89 | -1,458.07 | -730.16 | -410.34 | - | - |
| Shares Outstanding | 2.67 | 1.40 | 0.08 | 0.03 | 0.00 | 0.00 | 0.00 | 0.86 | 0.00 |
| Market Capitalization | 2.46 | 2.46 | 2.43 | 6.32 | 6.32 | - | - | - | - |
Income statement, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1.97 | 1.55 | 0.94 | 1.00 | 1.02 | 0.88 | 0.63 | 0.41 |
| Cost of Goods Sold Incl. D&A | 1.41 | 1.21 | 0.77 | 0.67 | 0.96 | 0.86 | 0.57 | 0.45 |
| Gross Profit | 0.55 | 0.33 | 0.16 | 0.33 | 0.07 | 0.02 | 0.06 | -0.04 |
| Selling, General and Administrative Excl. Other | 2.40 | 1.72 | 1.64 | 2.29 | 1.38 | 1.23 | 2.15 | 1.54 |
| Research and Development | 0.45 | 0.41 | 0.47 | 0.72 | 0.29 | 0.21 | 0.49 | 0.45 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -1.85 | -1.39 | -1.48 | -1.96 | -1.32 | -1.21 | -2.09 | -1.58 |
| Interest Expense | 0.05 | 0.03 | 0.06 | 0.05 | 0.05 | 0.04 | 0.05 | 0.04 |
| Unusual Expense | -0.00 | 0.03 | -0.07 | -0.10 | 0.13 | -0.16 | -0.87 | -0.05 |
| Net Income Before Taxes | -1.87 | -1.47 | -1.49 | -1.75 | -1.67 | -1.02 | -2.47 | -1.71 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -1.87 | -1.47 | -1.49 | -1.75 | -1.67 | -1.02 | -2.47 | -1.71 |
| Net Income From Continuing Operations | -1.87 | -1.47 | -1.49 | -1.75 | -1.67 | -1.02 | -2.47 | -1.71 |
| Net Income | -1.87 | -1.47 | -1.49 | -1.75 | -1.67 | -1.02 | -2.47 | -1.71 |
| EPS (Recurring) | -0.93 | -0.73 | -1.03 | -2.04 | -2.52 | -4.76 | -21.33 | -23.29 |
| EPS (Basic, Before Extraordinaries) | -0.92 | -0.74 | -1.00 | -1.96 | -2.67 | -4.29 | -17.12 | -22.78 |
| EPS (Diluted) | -0.92 | -0.74 | -1.00 | -1.96 | -2.67 | -4.29 | -17.12 | -22.78 |
| EBITDA | -1.75 | -1.27 | -1.35 | -1.83 | -1.09 | -1.01 | -1.86 | -1.35 |
| Non-Operating Income (Expense) | 0.03 | -0.03 | -0.02 | 0.15 | -0.17 | 0.07 | -1.21 | -0.14 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 0.35 | 0.00 | 0.00 | 0.01 | 0.02 | 0.02 | 0.04 | 0.08 |
| Price To Sales Ratio | 0.91 | 0.86 | 0.67 | 0.89 | 2.41 | 0.61 | 1.28 | 2.06 |
| Gross Margin | 28.05 | 21.49 | 17.39 | 33.19 | 6.38 | 2.22 | 10.14 | -10.28 |
| Operating Margin | -94.09 | -90.05 | -157.82 | -196.31 | -128.56 | -137.21 | -328.53 | -386.04 |
| Net Margin | -95.04 | -95.44 | -159.28 | -175.42 | -162.81 | -115.45 | -389.45 | -417.31 |
| Shares Outstanding | 2.67 | 1.99 | 1.99 | 1.40 | 0.67 | 0.53 | 0.38 | 0.08 |
| Market Capitalization | 2.46 | 4.01 | 3.39 | 4.97 | 7.24 | 2.99 | 5.52 | 2.43 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY | 2017FY |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 4.84 | 0.21 | 4.02 | 0.15 | 2.15 | 2.30 | 0.11 | 0.15 | 0.05 |
| Short Term Receivables | 1.07 | 0.42 | 0.22 | 0.13 | 0.55 | 0.36 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.37 | 0.39 | 0.40 | 0.29 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 0.12 | 0.13 | 0.42 | 0.09 | 0.43 | 0.33 | 0.00 | 0.00 | 0.03 |
| Total Current Assets | 6.40 | 1.16 | 5.06 | 0.65 | 3.20 | 2.99 | 0.11 | 0.15 | 0.08 |
| Net Property, Plant & Equipment | 1.04 | 0.40 | 0.58 | 0.76 | 0.92 | 0.38 | 0.00 | 0.00 | 0.00 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 1.72 | 2.35 | 3.04 | 3.45 | 2.74 | 0.48 | 0.00 | 0.00 | 0.00 |
| Other Assets | 0.13 | 0.25 | 0.02 | 0.47 | 0.02 | 0.13 | 0.00 | 0.00 | 0.00 |
| Total Assets | 9.29 | 4.16 | 8.70 | 5.33 | 6.88 | 3.98 | 0.11 | 0.15 | 0.08 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.14 | 0.11 | 0.09 | 1.65 | 0.03 | 0.21 | 0.00 | 0.00 | 0.00 |
| Accounts Payable | 0.29 | 0.65 | 0.27 | 1.67 | 0.49 | 0.37 | 0.00 | 0.00 | 0.00 |
| Other Current Liabilities | 1.67 | 1.44 | 4.36 | 1.72 | 0.40 | 0.26 | 0.01 | 0.01 | 0.00 |
| Total Current Liabilities | 2.10 | 2.20 | 4.72 | 5.04 | 0.92 | 0.84 | 0.01 | 0.01 | 0.00 |
| Long Term Debt | 0.80 | 0.11 | 0.22 | 0.21 | 0.26 | 0.23 | 0.00 | 0.00 | 0.00 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.78 | 0.83 | 0.84 | 0.81 | 0.87 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.68 | 3.15 | 5.79 | 6.06 | 2.05 | 1.07 | 0.01 | 0.01 | 0.00 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 5.61 | 1.01 | 2.91 | -0.73 | 4.83 | 2.91 | 0.10 | 0.14 | 0.08 |
| Total Shareholders Equity | 5.61 | 1.01 | 2.91 | -0.73 | 4.83 | 2.91 | 0.10 | 0.14 | 0.08 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 5.61 | 1.01 | 2.91 | -0.73 | 4.83 | 2.91 | 0.10 | 0.14 | 0.08 |
| Total Liabilities & Stockholders Equity | 9.29 | 4.16 | 8.70 | 5.33 | 6.88 | 3.98 | 0.11 | 0.15 | 0.08 |
| Book Value Per Share | 4.02 | 13.47 | 108.83 | -198.23 | 1,451.16 | 1,036.03 | 0.11 | 2,384.11 | 1,337.83 |
| Tangible Book Value Per Share | 2.79 | -17.78 | -4.89 | -1,135.71 | 628.65 | 864.10 | 0.11 | 2,384.11 | 1,337.83 |
| Full-Time Employees | 46 | 30 | 29.20 | 17 | 17.60 | 15 | - | 6 | - |
| Price to Book Ratio | 0.40 | 2.40 | 2.30 | 2.30 | - | - | - | - | - |
| Return on Assets | -102.43 | -85.03 | -98.38 | -134.86 | -133.87 | -127.30 | -30.95 | -55.36 | - |
| Return on Equity | -208.02 | -278.59 | -632.70 | -401.29 | -190.80 | -172.52 | -34.50 | -58.86 | - |
| Return on Invested Capital | -107.45 | -484.69 | -220.12 | - | -144.61 | -83.74 | -42.15 | -45.95 | -0.12 |
| Quick Ratio | 2.88 | 0.35 | 0.99 | 0.07 | 3.42 | 3.57 | 8.26 | 11.13 | - |
| Current Ratio | 3.05 | 0.53 | 1.07 | 0.13 | 3.50 | 3.57 | 8.26 | 11.13 | - |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | -6.61 | -6.89 | -5.47 | -6.90 | -8.23 | -7.37 | -2.63 | -0.04 | -0.06 |
| Depreciation | 0.48 | 0.77 | 0.94 | 0.71 | 0.26 | 0.11 | 0.08 | - | - |
| Other Funds (Non Cash) | 0.57 | 0.68 | -1.88 | -2.53 | 1.72 | 2.15 | 1.40 | 0.00 | 0.02 |
| Funds from Operations | -5.57 | -5.44 | -6.41 | -8.73 | -6.30 | -5.10 | -1.15 | -0.04 | -0.04 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -0.11 | -0.26 | -0.25 | -1.71 | 2.85 | 0.16 | -0.18 | -0.00 | 0.04 |
| Cash from Operating Activities | -5.68 | -5.69 | -6.66 | -10.44 | -3.45 | -4.95 | -1.33 | -0.04 | -0.00 |
| Capital Expenditures | -0.15 | -0.12 | -0.08 | -0.96 | -1.07 | -0.64 | -0.20 | 0.00 | 0.00 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | 0.00 | 0.06 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -0.01 | -0.01 | 0.00 | 0.00 | 0.00 | -0.02 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | -0.01 | -0.01 | 0.00 | 0.00 | 0.00 | -0.02 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | -0.11 | 0.00 | -0.18 | -0.15 | -0.02 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.01 | 0.07 | 0.00 | 0.00 | 0.02 | 0.00 |
| Cash from Investing Activities | -0.16 | -0.13 | -0.08 | -1.07 | -0.87 | -0.85 | -0.29 | 0.00 | 0.00 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 6.70 | 10.57 | 3.10 | 17.17 | 0.41 | 5.68 | 3.16 | 0.00 | 0.10 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 6.70 | 10.57 | 3.10 | 17.17 | 0.41 | 5.68 | 3.16 | 0.00 | 0.10 |
| Proceedsfrom Stock Options | 6.68 | 10.28 | 3.10 | 17.17 | 0.24 | 4.27 | 3.11 | 0.00 | 0.10 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | 0.00 | -1.73 | 1.99 | -0.16 | 0.77 | 0.00 | 0.00 |
| Change in Long Term Debt | 0.00 | 0.00 | 0.00 | -1.73 | 1.99 | 0.02 | 0.83 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 0.26 | 0.83 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | 0.00 | 0.00 | -1.73 | 0.00 | -0.24 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | -0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | 0.00 | -0.07 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | 6.57 | 10.44 | 2.96 | 15.39 | 2.35 | 5.49 | 3.89 | 0.00 | 0.10 |
| Exchange Rate Effect | - | -0.03 | - | - | - | - | - | - | - |
| Net Change in Cash | 0.70 | 4.60 | -3.78 | 3.88 | -1.97 | -0.30 | 2.27 | -0.04 | 0.10 |
| Free Cash Flow | -5.83 | -5.79 | -6.73 | -10.57 | -3.60 | -5.59 | -1.43 | -0.04 | -0.00 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Taxes & Investment Tax Credit | - | 0.00 | 0.00 | 0.00 | -0.04 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 2.49 | 2.15 | 3.71 | 4.84 | 1.89 | 3.08 |
| Short Term Receivables | 1.63 | 1.44 | 0.83 | 1.07 | 0.83 | 0.75 |
| Inventories | 0.41 | 0.37 | 0.43 | 0.37 | 0.37 | 0.40 |
| Other Current Assets | 0.22 | 0.37 | 0.48 | 0.12 | 0.21 | 0.23 |
| Total Current Assets | 4.75 | 4.33 | 5.45 | 6.40 | 3.29 | 4.47 |
| Net Property, Plant & Equipment | 0.96 | 0.97 | 1.01 | 1.04 | 2.15 | 0.22 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 1.49 | 1.58 | 1.67 | 1.72 | 1.82 | 1.89 |
| Other Assets | 0.17 | 0.15 | 0.16 | 0.13 | 0.14 | 0.08 |
| Total Assets | 7.37 | 7.03 | 8.29 | 9.29 | 7.41 | 6.66 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.05 | 0.01 | 0.08 | 0.14 | 0.30 | 0.10 |
| Accounts Payable | 1.90 | 1.48 | 0.96 | 0.29 | 0.22 | 0.27 |
| Other Current Liabilities | 0.28 | 0.32 | 0.25 | 1.67 | 1.05 | 0.72 |
| Total Current Liabilities | 2.23 | 1.81 | 1.29 | 2.10 | 1.58 | 1.09 |
| Long Term Debt | 0.86 | 0.89 | 0.87 | 0.80 | 1.70 | 0.03 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.68 | 0.66 | 0.83 | 0.78 | 0.77 | 0.84 |
| Total Liabilities | 3.76 | 3.36 | 2.98 | 3.68 | 4.05 | 1.95 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 3.60 | 3.67 | 5.30 | 5.61 | 3.36 | 4.71 |
| Total Shareholders Equity | 3.60 | 3.67 | 5.30 | 5.61 | 3.36 | 4.71 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 3.60 | 3.67 | 5.30 | 5.61 | 3.36 | 4.71 |
| Total Liabilities & Stockholders Equity | 7.37 | 7.03 | 8.29 | 9.29 | 7.41 | 6.66 |
| Book Value Per Share | 1.35 | 1.84 | 2.66 | 4.02 | 5.03 | 8.89 |
| Tangible Book Value Per Share | 0.79 | 1.05 | 1.82 | 2.79 | 2.30 | 5.32 |
| Full-Time Employees | - | - | - | 46 | - | - |
| Price to Book Ratio | 0.40 | 0.76 | 0.42 | 0.71 | 0.06 | 0.64 |
| Return on Assets | -89.17 | -93.27 | -85.30 | -102.72 | -111.39 | -105.46 |
| Return on Equity | -189.22 | -152.29 | -134.93 | -208.62 | -242.74 | -231.01 |
| Return on Invested Capital | -41.87 | -32.34 | -24.22 | -27.30 | -32.91 | -21.46 |
| Quick Ratio | 1.95 | 2.19 | 3.89 | 2.88 | 1.85 | 3.75 |
| Current Ratio | 2.13 | 2.40 | 4.22 | 3.05 | 2.09 | 4.12 |
Cash flow, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Net Income | -1.84 | -1.50 | -1.49 | -1.78 | -1.79 | -0.95 |
| Depreciation | 0.10 | 0.13 | 0.13 | 0.13 | 0.24 | 0.19 |
| Other Funds (Non Cash) | 0.40 | 0.12 | -0.01 | 0.05 | 0.18 | -0.16 |
| Funds from Operations | -1.34 | -1.25 | -1.38 | -1.60 | -1.37 | -0.92 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 0.28 | -0.10 | -0.86 | 0.57 | -0.01 | -0.14 |
| Cash from Operating Activities | -1.06 | -1.35 | -2.24 | -1.02 | -1.37 | -1.06 |
| Capital Expenditures | -0.05 | -0.08 | -0.01 | -0.02 | -0.07 | -0.00 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | -0.01 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | -0.01 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -0.05 | -0.08 | -0.01 | -0.02 | -0.07 | -0.00 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 1.52 | -0.05 | 1.09 | 4.13 | 0.23 | 2.12 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 1.52 | -0.05 | 1.09 | 4.13 | 0.23 | 2.12 |
| Proceedsfrom Stock Options | 1.52 | -0.05 | 1.09 | 4.11 | 0.22 | 1.87 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | 1.52 | -0.11 | 1.06 | 4.09 | 0.19 | 2.10 |
| Exchange Rate Effect | -0.00 | -0.01 | 0.01 | - | - | - |
| Net Change in Cash | 0.41 | -1.54 | -1.18 | 3.02 | -1.24 | 1.04 |
| Free Cash Flow | -1.11 | -1.43 | -2.25 | -1.04 | -1.44 | -1.07 |
Revenue breakdown
| Digitization | 2024: 760.33K 2025: 2.87M |
|---|---|
| Less Lethal | 2024: 341.90K 2025: 653.66K |
| Revenue From Other | 2024: 2.91K 2025: 823 |
| Training And Services | 2024: 756 2025: 6.22K |
| Canada | 2024: 991.87K 2025: 3.27M |
| United States | 2024: 114.02K 2025: 260.53K |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 1.38% | 0.1M | 4.0M | 2.49M |
| 2026-10-15 | 1.49% | 0.0M | 2.3M | 2.48M |
| 2026-09-30 | 1.57% | 0.0M | 2.3M | 2.51M |
| 2026-09-15 | 1.74% | 0.0M | 2.3M | 2.55M |
| 2026-08-31 | 9.60% | 0.2M | 2.3M | 2.49M |
| 2026-08-14 | 38.92% | 1.0M | 2.7M | 2.31M |
| 2026-07-31 | 0.91% | 0.0M | 2.7M | 89.53K |
| 2026-07-15 | 2.61% | 0.1M | 2.7M | 134.96K |
| 2026-06-30 | 5.38% | 0.1M | 2.7M | 125.31K |
| 2026-06-15 | 7.50% | 0.1M | 2.0M | 109.95K |
| 2026-05-29 | 6.42% | 0.1M | 2.0M | 194.07K |
| 2026-05-15 | 5.85% | 0.1M | 2.0M | 185.28K |
| 2026-04-30 | 6.41% | 0.1M | 2.0M | 174.45K |
| 2026-04-15 | 0.38% | 0.0M | 2.0M | 135.48K |
| 2026-03-31 | 0.33% | 0.0M | 2.0M | 146.21K |
| 2026-03-13 | 2.91% | 0.1M | 2.0M | 156.36K |
| 2026-02-27 | 0.47% | 0.0M | 2.0M | 67.63K |
| 2026-02-13 | 1.06% | 0.0M | 2.0M | 70.54K |
| 2026-01-30 | 1.09% | 0.0M | 2.0M | 586.37K |
| 2026-01-15 | 1.39% | 0.0M | 2.0M | 568.65K |
Option chain
expiry 2026-11-11| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| No option chain for this symbol. | ||||||||||
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-04 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-11-03 | SEC |
| 2026-10-20 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-10-20 | SEC |
| 2026-09-14 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-09-14 | SEC |
| 2026-09-09 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-09-02 | F-3 | Registration statement for specified transactions by certain foreign private issuers | SEC | |
| 2026-08-25 | SCHEDULE 13G | SEC | ||
| 2026-08-19 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-08-18 | SEC |
| 2026-08-18 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-08-16 | SEC |
| 2026-08-17 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-08-17 | SEC |
| 2026-08-13 | SCHEDULE 13G/A | SEC | ||
| 2026-08-13 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-08-13 | SEC |
| 2026-08-12 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-06-30 | SEC |
| 2026-08-03 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-07-22 | F-1 | Registration statement for certain foreign private issuers | SEC | |
| 2026-07-15 | SCHEDULE 13G/A | SEC | ||
| 2026-07-15 | SCHEDULE 13G | SEC | ||
| 2026-07-10 | D | Notice of sales of securities on Form D (Regulation D) | SEC | |
| 2026-06-26 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-06-26 | SEC |
| 2026-06-26 | 424B5 | SEC | ||
| 2026-06-26 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-06-24 | SEC |
| 2026-06-25 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-06-25 | SEC |
| 2026-05-14 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-05-13 | SEC |
| 2026-05-14 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-03-31 | SEC |
| 2026-05-13 | SCHEDULE 13G | SEC | ||
| 2026-05-07 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-05-06 | SEC |
| 2026-05-01 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-04-30 | SEC |
| 2026-04-20 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-04-20 | SEC |
| 2026-03-31 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-03-31 | SEC |
| 2026-02-24 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-02-24 | SEC |
| 2026-02-13 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2025-12-31 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| ARMISTICE CAPITAL, LLC | 10.93% |
| JANE STREET GROUP, LLC | 0.76% |
| UBS Group AG | 0.27% |
| NATIONAL BANK OF CANADA /FI/ | 0.16% |
| HARBOUR INVESTMENTS, INC. | 0.02% |
| OSAIC HOLDINGS, INC. | 0.01% |
| Caitong International Asset Management Co., Ltd | 0.00% |
Funds
| Fund | % owned |
|---|---|
| - | |
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