DEFSEC Technologies Inc. develops tactical systems for the security and personal defense markets. The company shows strengths in liquidity with a current ratio of 2.16 and manageable debt levels at 0.25 debt/equity. However, it faces significant concerns with negative EBITDA and net margins, indicating operational challenges. Despite a recent price increase of 16.16%, the overall financial health score of 69 suggests room for improvement, particularly in profitability, which may deter potential investors.
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Company has $3.5M in cash but burned $2.0M last quarter. At this burn rate, only 1.8 quarters of runway remain without additional financing.
Company posted a loss of $-9.1M over the last year, representing 120.9% of revenue.
Operating cash flow has been negative for 3 consecutive quarters, burning $7.8M over the last year.
Exceptional revenue growth of 82.2% YoY demonstrates strong market demand and competitive positioning.
Operating margin expanded by 87.6pp, demonstrating strong operational leverage.
Both gross margin (+0.6pp) and operating margin (+87.6pp) are expanding simultaneously, indicating the company is scaling profitably.
Fortress balance sheet: cash covers total debt 2.7×, providing significant financial flexibility.
Low debt-to-revenue ratio of 17.2% indicates conservative financial management.
Valuation, risk assessment, competitive positioning, and key insights — all in one report.
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Based on 2026-Q3 (June 30, 2026)