DEFSEC Technologies Inc. (DFSC) Form 6-K — Aug 12, 2026
DEFSEC Technologies reported Q3 fiscal 2026 revenue of CAD$2.7 million, up 92% year over year, driven by a 121% increase in digitization services on Canadian government defence program subcontracts; nine-month revenue rose 72% to CAD$6.1 million. Despite the growth, the company disclosed going-concern doubt: cash fell to CAD$3.5 million from CAD$6.7 million since September 30, 2025, nine-month operating cash burn was CAD$6.4 million, the accumulated deficit reached CAD$59.0 million, and Q3 net loss widened 12% to CAD$2.6 million.
Key figures
- Revenue
- 2722165
- Total Debt
- 1440355
- Revenue Yoy
- 92% (Q3); 72% (nine months)
- Total Assets
- 10451719
- Cash Position
- 3482167
- Shares Outstanding
- 2666632
- Currency
- CAD
- Fiscal Period
- Q3 Fiscal 2026 (three and nine months ended June 30, 2026)
- Q3 Gross Profit
- 901724
- Working Capital
- 3674609
- Nine Month Revenue
- 6149600
- Q3 Gross Margin Pct
- 33.1% vs 28.2% prior year
- Accumulated Deficit
- 58973081
- Shareholders Equity
- 5110437
- Warrants Outstanding
- 21007716
- Working Capital Change
- -CAD$2.4M since September 30, 2025
- Customer Concentration Q3
- Two customers = 51% and 36% of revenue
- Warrants Underlying Shares
- 2595779
- Annualized Program Billings
- ~CAD$9.4M based on 43 assigned resources
- Minimum Royalty Commitments
- 1800000
- June2026 Offering Gross Proceeds
- 2500000
- Customer Concentration Nine Months
- Two customers = 58% and 32% of revenue
- December2025 Offering Gross Proceeds
- 2100000
- Total Underlying Shares From Dilutive Securities
- 5414790
AI analysis
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