DEFSEC Technologies Inc. Announces Third Quarter Fiscal 2026 Results

DEFSEC Technologies Inc. reported its third quarter fiscal 2026 results, highlighted by a 121% increase in revenue from digitization services on Government programs, contributing to a 92% overall revenue growth compared to Q3 Fiscal 2025. The company's gross margin improved to 33.1% from 28.2%, with a 126% increase in gross margin dollars. DEFSEC Technologies also announced the completion of testing for its BLISS™ system with the U.S. Army and received an invitation for further evaluation. The company commercially released DEFSEC Lightning™ 2.0 and its ARWEN® 40mm baton ammunition. Financials show revenue of $2,722.2 thousand and a gross margin of $901.7 thousand for Q3 Fiscal 2026. Despite a strong cash and AR position of over $5.8 million, the company reported an Adjusted EBITDA loss of $(1,942.7) thousand.