Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data DEFSEC Technologies Inc. files with the SEC in its annual reports.
In CAD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2019
FY2022
FY2022
FY2023
FY2024
Revenue
0.51
1.28
0.72
1.23
1.5
Cost of revenue
0.09
0.8
0.54
1.43
1.02
Gross profit
0.42
0.48
0.18
-0.19
0.49
Research and development
1
2.14
2.06
1.64
2.48
Selling, general and administrative
0.04
3.48
3.3
3.02
1.54
Operating income
-1.01
-9.2
-10.1
-12.1
-9.8
Pre-tax income
-1.15
-9.32
-10.6
-9.31
-7.44
Income tax
0
0
-0.05
0
0
Net income
-1.15
-9.32
-10.5
-9.31
-7.44
EBITDA
-9.06
-9.76
-11.2
-8.52
EPS, basic
-46.08
-147.15
-144.05
-22.80
-8.99
EPS, diluted
-46.08
-147.15
-144.05
-22.80
-8.99
Balance sheet
FY2019
FY2022
FY2022
FY2023
FY2024
Cash and equivalents
2.69
0.17
5.41
0.26
Receivables
0.22
0.7
0.17
0.3
0.57
Inventory
0.09
0.39
0.54
0.53
Total current assets
0.3
4.06
1.52
6.84
1.84
Property, plant and equipment
0.07
0.9
0.83
0.42
0.31
Lease right-of-use assets
0.18
0.27
0.21
0.36
0.23
Intangible assets
0
3.47
4.74
4.11
3.17
Total assets
0.7
8.72
7.32
11.8
5.62
Accounts payable
0.2
1.13
4.46
1.65
1.66
Short-term debt
0
0
2.2
0
Total current liabilities
0.6
1.16
6.93
6.38
2.98
Lease liabilities
0.12
0.28
0.21
0.3
0.16
Total liabilities
0.93
2.59
8.33
7.82
4.25
Total debt
0
0.05
2.28
0
0
Retained earnings
-2.54
-15.4
-25.9
-35.2
-42.7
Total equity
-0.23
6.12
-1
3.94
1.37
Total liabilities and equity
0.7
8.72
7.32
11.8
5.62
Cash flow statement
FY2019
FY2022
FY2022
FY2023
FY2024
Net income
-1.15
-9.32
-10.5
-9.31
-7.44
Depreciation and amortization
0.14
0.33
0.95
1.28
Cash from operations
-1.09
-6.26
-4.26
-14.1
-9.06
Capital expenditures
-0.02
-0.81
-0.19
-0.18
-0.1
Cash from investing
-0.02
-1.07
-1.11
-1.44
-0.11
Debt issued
0
0.33
2.54
0
0
Debt repaid
-0.01
-0.31
0
-2.33
0
Cash from financing
1.14
6.94
2.85
20.8
4.02
Net change in cash
0.02
-0.39
-2.52
5.24
-5.15
Free cash flow
-1.11
-7.07
-4.44
-14.3
-9.16
Interest paid
0.02
0.04
0.12
0.13
-0
Key metrics
Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.
Profitability
Metric
Value
How it is calculated
Gross margin
32.3%
Gross profit / revenue.
Operating margin
-651.4%
Operating income / revenue.
EBITDA margin
-566.5%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-494.4%
Pre-tax income / revenue.
Net margin
-494.4%
Net income / revenue.
FCF margin
-609.0%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-602.3%
Cash from operations / revenue.
Return on assets (ROA)
-85.6%
Net income / average total assets.
R&D / revenue
164.7%
Research and development expense / revenue.
SG&A / revenue
102.3%
Selling, general and administrative expense / revenue.
Capex / revenue
6.7%
Capital expenditures / revenue.
D&A / revenue
84.9%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
21.9%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
5.6%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 3y
0.7%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-52.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-13.6%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.62x
Current assets / current liabilities.
Quick ratio
0.28x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.09x
(Cash + short-term investments) / current liabilities.
Debt / assets
0.0%
Total debt / total assets.
Liabilities / assets
75.6%
Total liabilities / total assets.
Net debt
-CA$256.8K
Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital
-CA$1.1M
Current assets - current liabilities.
Goodwill and intangibles / assets
56.5%
(Goodwill + intangible assets) / total assets.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.17x
Revenue / average total assets.
Fixed asset turnover
4.13x
Revenue / average property, plant and equipment.
Inventory turnover
1.89x
Cost of revenue / average inventory.
Days inventory
193 days
365 x average inventory / cost of revenue.
Receivables turnover
3.47x
Revenue / average receivables.
Days sales outstanding
105 days
365 x average receivables / revenue.
Days payables
594 days
365 x average accounts payable / cost of revenue.
Cash conversion cycle
-295 days
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-CA$8.99
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-CA$8.99
Net income per basic share, as reported (split-adjusted).
What was DEFSEC Technologies Inc.'s revenue in fiscal 2024?
DEFSEC Technologies Inc. reported revenue of CA$1.5M for fiscal 2024, 21.9% higher than the year before.
Was DEFSEC Technologies Inc. profitable in fiscal 2024?
No. It reported a net loss of CA$7.4M.
How much free cash flow did DEFSEC Technologies Inc. generate in fiscal 2024?
Cash from operations of CA$9.1M minus capital expenditures of CA$101.3K left free cash flow of -CA$9.2M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.