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DFSC · Nasdaq · United States · Services-Prepackaged Software
In shortDEFSEC Technologies Inc. is loss-making, burns cash and holds more cash than debt, with revenue growing (+21.9% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -651.4% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -494.4% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -280.5% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -716.2% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.62× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.00× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -38.88× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -37.46 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -609.0% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 0 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 5 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 4 | 58/100 |
| Revenue growth volatility | 81.8% | 0/100 |
| Operating margin volatility | 441.5% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 5.6% | 48/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2024 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 5 fiscal years from the company's annual reports.
CAD millions; negative values in parentheses.
| Fiscal year | FY19 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 0.5 | 1.3 | 0.7 | 1.2 | 1.5 |
| Cost of revenue | 0.1 | 0.8 | 0.5 | 1.4 | 1 |
| Gross profit | 0.4 | 0.5 | 0.2 | (0.2) | 0.5 |
| Research & development | 1 | 2.1 | 2.1 | 1.6 | 2.5 |
| Selling, general & admin | 0 | 3.5 | 3.3 | 3 | 1.5 |
| Operating income | (1) | (9.2) | (10) | (12) | (9.8) |
| Interest expense | – | 0.1 | 0.5 | 0.7 | 0.3 |
| Pre-tax income | (1.1) | (9.3) | (11) | (9.3) | (7.4) |
| Income tax | 0 | 0 | (0) | 0 | 0 |
| Net income | (1.1) | (9.3) | (11) | (9.3) | (7.4) |
| Diluted EPS | −C$4.61 | −C$14.72 | −C$144.05 | −C$22.80 | −C$8.99 |
| Diluted shares (millions) | 0.2 | 0.6 | 0.1 | 0.4 | 0.8 |
−37.46 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
3/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Sep 30, 2025 · Data updated Dec 30, 2024