Liberty Defense Expands HEXWAVE Deliveries Amid Growing Demand

Liberty Defense Holdings ( (TSE:SCAN) ) has issued an update.

Liberty Defense Holdings has successfully delivered nine HEXWAVE units in the first quarter of 2025, fulfilling commitments to courthouses, U.S. airports, and distributor networks. The company is ramping up production to meet a growing backlog and anticipated demand, particularly in the aviation sector. The HEXWAVE system, which employs advanced technology to detect concealed threats, is expected to be largely unaffected by recent U.S. tariffs, underscoring its domestic manufacturing strength.

Spark’s Take on TSE:SCAN Stock

According to Spark, TipRanks’ AI Analyst, TSE:SCAN is a Neutral.

Liberty Defense Holdings has potential for growth with recent positive corporate developments, but significant financial challenges present risks. The technical indicators suggest upward momentum, though caution is advised due to overbought signals. The negative P/E ratio and lack of dividend yield further underscore valuation concerns.

To see Spark’s full report on TSE:SCAN stock, click here.

More about Liberty Defense Holdings

Liberty Defense Holdings Ltd. is a leading technology provider specializing in AI-based next-generation detection solutions for concealed weapons and threats. The company focuses on providing security solutions for high-volume foot traffic areas and locations requiring enhanced security, such as airports, stadiums, and schools. Liberty’s flagship product, HEXWAVE, utilizes millimeter wave, advanced 3D imaging, and AI technologies to detect both metallic and non-metallic threats. Additionally, Liberty is developing advanced imaging technology for aviation passenger screening.

YTD Price Performance: -6.73%

Average Trading Volume: 95,156

Technical Sentiment Signal: Strong Buy

Current Market Cap: $23.19M

Learn more about SCAN stock on TipRanks’ Stock Analysis page.