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Liberty Defense publishes 2025 MD&A report for year ended Dec. 31, 2025

PUBT·05/04/2026 18:59:26
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Liberty Defense publishes 2025 MD&A report for year ended Dec. 31, 2025
  • Liberty Defense Holdings Ltd. published its MD&A for year ended Dec. 31, 2025, reporting revenue USD 1.5 million, net loss USD 14.13 million, cash USD 319,294, working-capital deficit USD 4.9 million.
  • HEXWAVE delivered 12 units at average selling price about USD 62,350, down from 15 units at about USD 67,570; management cited customer site readiness and installation scheduling shifts.
  • Backlog cited at about USD 2 million, including about USD 1.65 million tied to HEXWAVE purchase orders; inventory constraints and limited funding flagged as limiting fulfillment pace.
  • Revenue forecast targets USD 3.8 million for fiscal 2026 and 2027, supported by expected aviation worker screening demand and projected contract timing.
  • TSA HD-AIT Phase II B award of USD 357,759 expected to convert to revenue in Q1–Q2 2026; MD&A also cites USD 20 million gross proceeds from April 2026 U.S. IPO as funding expected to support next 12 months of operations.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Liberty Defense Holdings Ltd. published the original content used to generate this news brief on May 04, 2026, and is solely responsible for the information contained therein.