DEFSEC Technologies Inc. Announces Strong Second Quarter

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▤ Summary

DEFSEC reported Q2 Fiscal 2026 revenue of CAD 2.12M (up 68% year-over-year) and a 19% improvement in gross margin, while adjusted EBITDA remained a loss. Subcontract task-order revenue for Canadian defence programs rose 81%, the company has staffed 43 resources on key DSEF and Land C4ISR programs and estimates up to CAD 75M in potential revenue through initial contract periods, with program billings annualized to approximately CAD 9.41M. The company marked product commercialization milestones including first PARA SHOT ammunition sale, delivery of the BLISS prototype for customer trials, and the commercial release of DEFSEC Lightning SaaS for Critical Incident Management, alongside full-rate production and a U.S. law-enforcement order for ARWEN 40mm baton ammunition. DEFSEC reported a solid cash/AR position, disclosed Q2 balances and granted 151,552 stock options under its incentive plan to directors, officers and select staff.

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Defense Software Military Tactical Systems Public Safety Software

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