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DEFSEC Technologies ( (TSE:DFSC) ) has shared an announcement.
On December 29, 2025, DEFSEC Technologies reported that revenue for the fiscal year ended September 30, 2025 surged 229% to $4.9 million, driven primarily by Canadian defence digitization contracts, with gross margin rising to $1.7 million and operating loss narrowing slightly to $9.1 million. The company highlighted accelerating momentum in its long-term Canadian Department of National Defence programs, which could support programmatic billings of about $8.8 million annually from February 2026, and noted growing contributions from its ARWEN less-lethal line and prototype deliveries of its Battlefield Laser Detection System, all underpinned by a strengthened cash position of $6.7 million following equity financings in August and December 2025 and the receipt of the first SaaS order for its DEFSEC Lightning real-time situational awareness platform.
The most recent analyst rating on (TSE:DFSC) stock is a Hold with a C$5.50 price target. To see the full list of analyst forecasts on DEFSEC Technologies stock, see the TSE:DFSC Stock Forecast page.
Spark’s Take on TSE:DFSC Stock
According to Spark, TipRanks’ AI Analyst, TSE:DFSC is a Neutral.
The overall stock score is primarily influenced by the company’s financial performance, which is weak due to consistent losses and negative cash flows. Technical analysis provides a slightly more optimistic view with potential medium-term recovery, but valuation remains a significant concern due to negative earnings and lack of dividends. The absence of earnings call data and corporate events leaves these areas unaddressed.
To see Spark’s full report on TSE:DFSC stock, click here.
More about DEFSEC Technologies
DEFSEC Technologies Inc., headquartered in Ottawa with a representative office in London, develops and commercializes next‑generation tactical systems for military and security forces. Its portfolio spans digitization of tactical forces for real-time shared situational awareness and targeting (including drone-fed data to smart devices and weapons), as well as countermeasures against electronic detection, lasers and drones, all integrated with TAK and designed to work stand‑alone or with OEM battlefield management systems. The company also markets less-lethal solutions under the ARWEN brand and a new proprietary non-lethal PARA SHOT product line aimed at law enforcement and broader non-lethal markets across North America.
Average Trading Volume: 2,927
Technical Sentiment Signal: Sell
Current Market Cap: C$4.94M
For an in-depth examination of DFSC stock, go to TipRanks’ Overview page.

