KWESST Micro Systems Balance Sheet Health

Financial Health criteria checks 6/6

KWESST Micro Systems has a total shareholder equity of CA$3.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$6.7M and CA$3.6M respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$1.18m
Equity	CA$3.15m
Total liabilities	CA$3.59m
Total assets	CA$6.74m

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: KWE's short term assets (CA$2.7M) exceed its short term liabilities (CA$2.3M).

Long Term Liabilities: KWE's short term assets (CA$2.7M) exceed its long term liabilities (CA$1.3M).

Debt to Equity History and Analysis

Debt Level: KWE is debt free.

Reducing Debt: KWE currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: KWE has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: KWE is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.

KWESST Micro Systems Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

KWESST Micro Systems Inc. Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

Recent updates

KWESST Micro Systems Inc. announced that it has received CAD 3.415645 million in funding

KWESST Micro Systems Inc. has completed a Follow-on Equity Offering in the amount of $3.496291 million.

KWESST Micro Systems Inc. Announces Completion of Volume Production Ramp-Up for Arwen Cartridges Through Outsourcing with Ammunition

Third quarter 2024 earnings released: CA$0.13 loss per share (vs CA$0.81 loss in 3Q 2023)

KWESST Micro Systems Inc. has withdrawn its Follow-on Equity Offering.

KWESST Micro Systems Inc. has completed a Follow-on Equity Offering in the amount of $0.943 million.

KWESST Micro Systems Inc. has filed a Follow-on Equity Offering in the amount of $0.943 million.

KWESST Micro Systems Inc. has filed a Follow-on Equity Offering in the amount of $0.943 million.

KWESST Micro Systems Inc. has completed a Follow-on Equity Offering in the amount of $1.682 million.

KWESST Micro Systems Inc. has filed a Follow-on Equity Offering.

KWESST Micro Systems Inc. Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

Second quarter 2024 earnings released: CA$0.61 loss per share (vs CA$0.29 loss in 2Q 2023)

KWESST Micro Systems Inc. has filed a Follow-on Equity Offering.

KWESST Micro Systems Inc., Annual General Meeting, Jun 28, 2024

New major risk - Shareholder dilution

KWESST Micro Systems Inc. has completed a Follow-on Equity Offering.

KWESST Micro Systems Inc. has filed a Follow-on Equity Offering.

New major risk - Share price stability

Full year 2023 earnings: EPS and revenues exceed analyst expectations

KWESST Micro Systems Inc. Announces Non-Lethal PARA OPS and Arwen Products to Purchase On-Line

KWESST Micro Systems Inc. Appoints General (Retired) Rick Hillier to Its Baord

KWESST Micro Systems Inc Announces Executive Changes

KWESST Micro Systems Inc. Announces the Retirement of Jeff Macleod as CEO, Effective October 31, 2023

Insufficient new directors

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

KWESST Micro Systems Inc. Files Patent for Next-Generation Laser Detection, Makes Core Module Available To OEMs

KWESST Micro Systems Inc. announced that it has received CAD 7.36784 million in funding

New major risk - Market cap size

Kwesst Micro Systems Inc. Appoints Sean Homuth as Chief Financial Officer

Second quarter 2023 earnings released: CA$0.29 loss per share (vs CA$3.22 loss in 2Q 2022)

Full year 2022 earnings: EPS and revenues miss analyst expectations

KWESST Micro Systems Inc., Annual General Meeting, Mar 31, 2023

KWESST Micro Systems Inc. has completed an IPO in the amount of $24.184845 million.

KWESST Micro Systems Inc. has completed a Composite Units Offering.

KWESST Micro Systems Inc. announced that it has received CAD 0.344 million in funding

KWESST Micro Systems Inc. Announces Executive Changes

KWESST Micro Systems Inc. (TSXV:KWE) completed the acquisition of Police Ordnance Company Inc. from Carson Corporation, 2249817 Ontario Limited, Greg Sullivan, Glen Turpin, Mark Minicola, Justin Myers, John McNeil and Bryan Berkman.

KWESST Micro Systems Inc. (TSXV:KWE) agreed to acquire Police Ordnance Company Inc.

KWESST Micro Systems Inc. announced that it has received CAD 4.420071 million in funding

Elisabeth Preston Joins KWESST MICRO SYSTEMS Inc.'s Board of Directors

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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