Sector: Industrials | Industry: Aerospace & Defense |
Company Contact | |
Address: | 155 Terence Matthews Crescent,, Unit #1 KANATA ON K2M 2A8 |
Tel: | 1-587-2252599 |
Website: | https://kwesst.com |
IR: | See website |
Key People | ||
David E. Luxton Executive Chairman of the Board | Jeffrey Dean Macleod President, Chief Executive Officer, Director | Steven Archambault Chief Financial Officer, Vice President - Corporate Services and Compliance, Interim Company Secretary | Richard Bowes Vice President - Operations of Digitization and Counter-Threat Products |
Business Overview |
KWESST Micro Systems Inc. is an early commercial-stage technology company. The Company develops and commercializes tactical systems for military and security forces. Its product development has focused on three market segments, which include non-lethal, digitization and counter threat. Its portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users' smart devices and weapons. Its products also include countermeasures against threats, such as electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with original equipment manufacturers (OEM) products and battlefield management systems, and all come integrated with the Company's team awareness kit (TAK) application. It also has a non-lethal product line branded PARA OPS with application across all segments of the non-lethal market, including law enforcement. |
Financial Overview |
For the three months ended 31 December 2023, Kwesst Micro Systems Inc revenues decreased 59% to C$129K. Net loss decreased 82% to C$399K. Revenues reflect Digitization systems segment decrease of 52% to C$93K, Non Lethal segment decrease of 71% to C$36K, United States segment decrease from C$6K to C$0K. Lower net loss reflects Share issuance costs decrease from C$1.4M (expense) to C$0K. |
Employees: | 28 as of Sep 30, 2023 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $1.62M as of Dec 31, 2023 |
Annual revenue (TTM): | $1.05M as of Dec 31, 2023 |
EBITDA (TTM): | -$11.91M as of Dec 31, 2023 |
Net annual income (TTM): | -$7.50M as of Dec 31, 2023 |
Free cash flow (TTM): | -$11.15M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 6,784,204 as of Apr 12, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |