Defsec publishes investor deck highlighting up to CAD $75 million Canadian defence digitization contracts through 2028-29

DEFSEC Technologies Inc.

DEFSEC Technologies Inc.

DFSC

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  • Defsec outlined up to CAD $75 million in programmatic services revenue tied to Canadian DND’s DSEF and Land C4ISR through 2028-29.
  • FY25 revenue rose to CAD $4.9 million from CAD $1.5 million; gross margin was 35.2%; operating loss narrowed to CAD $9.1 million.
  • Annualized billings run-rate reached about CAD $9.4 million in May 2026, with 45 roles staffed across the two defence programs.
  • Lightning SaaS booked its first paid subscription in December 2025; management sized the US/Canada TAM at about $0.5 billion to $1.5 billion annualized.
  • Cash and equivalents were CAD $3 million at March 31, 2026; working capital was CAD $3.6 million; debt was nil.


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