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Liberty Defense Holdings
(SCAN)
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Rating:45Neutral
Price Target:
C$5.00
▲(9.17% Upside)
Action:Reiterated
Date:08/21/26
The score is weighed down primarily by weak financial performance—declining revenue, large ongoing losses, and substantial cash burn—implying elevated execution and financing risk. Technicals are mixed with modest near-term improvement but a broader downtrend versus longer moving averages, while valuation metrics provide limited support due to negative earnings and no indicated dividend yield.
Positive Factors
Threat-detection focus
The company targets a persistent security need with specialized screening hardware and related solutions. Its focus on weapons and explosives detection provides a structurally relevant market niche, although commercial scale remains limited.
Negative Factors
Declining revenue
Revenue contraction indicates weakening commercial traction and limits the company’s ability to absorb fixed operating costs. A smaller revenue base also makes future profitability more dependent on winning and successfully deploying larger customer contracts.
Read all positive and negative factors
Positive Factors
Negative Factors
Threat-detection focus
The company targets a persistent security need with specialized screening hardware and related solutions. Its focus on weapons and explosives detection provides a structurally relevant market niche, although commercial scale remains limited.
Read all positive factors
Liberty Defense Holdings (SCAN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$27.56M
Dividend YieldN/A
Average Volume (3M)1.37M
Price to Earnings (P/E)―
Beta (1Y)-0.08
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees27
SectorIndustrials
Sector Strength72
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)-5.99
Shares Outstanding5,681,983
10 Day Avg. Volume714,923
30 Day Avg. Volume1,373,594
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-3.49
Price to Sales (P/S)5.79
P/FCF Ratio-0.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Liberty Defense Holdings Business Overview & Revenue Model
Company Description
Liberty Defense Holdings, Ltd., operating through its subsidiary Liberty Defense Technologies Inc., specializes in the creation and market introduction of advanced active 3D imaging technology. This cutting-edge system is specifically tailored for...
How the Company Makes Money
Liberty Defense primarily makes money by selling security screening hardware and associated solutions to customers seeking to detect concealed threats in high-traffic environments (e.g., venues and other facilities that require weapons/explosives ...
Liberty Defense Holdings Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
38
Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 985.17K | 1.52M | 2.44M | 1.49M | 0.00 | 0.00 |
| Gross Profit | -3.53M | -3.11M | -1.68M | -1.22M | -1.09M | -161.07K |
| EBITDA | -9.12M | -12.86M | -6.30M | -8.49M | -11.06M | -9.55M |
| Net Income | -11.66M | -14.38M | -8.85M | -9.37M | -12.16M | -12.39M |
Balance Sheet | ||||||
| Total Assets | 13.46M | 6.37M | 7.29M | 5.83M | 6.23M | 6.50M |
| Cash, Cash Equivalents and Short-Term Investments | 7.57M | 318.71K | 1.15M | 963.00 | 677.47K | 1.34M |
| Total Debt | 962.13K | 3.93M | 3.72M | 1.45M | 667.12K | 802.94K |
| Total Liabilities | 4.49M | 8.90M | 8.05M | 6.60M | 2.14M | 1.56M |
| Stockholders Equity | 8.97M | -2.53M | -764.48K | -764.46K | 4.09M | 4.94M |
Cash Flow | ||||||
| Free Cash Flow | -13.92M | -11.64M | -6.59M | -5.76M | -9.78M | -7.49M |
| Operating Cash Flow | -13.94M | -11.55M | -6.47M | -5.54M | -8.86M | -7.21M |
| Investing Cash Flow | 22.23K | -88.64K | -121.22K | -221.09K | -925.48K | -571.83K |
| Financing Cash Flow | 20.88M | 10.55M | 7.78M | 5.07M | 9.30M | 9.27M |
Liberty Defense Holdings Technical Analysis
Negative
4.58
Price Trends
5.05
Negative
5.59
Negative
7.35
Negative
Market Momentum
>-0.01
Positive
46.95
Neutral
37.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SCAN, the sentiment is Negative. The current price of 4.58 is below the 20-day moving average (MA) of 4.87, below the 50-day MA of 5.05, and below the 200-day MA of 7.35, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.95 is Neutral, neither overbought nor oversold. The STOCH value of 37.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SCAN.
Liberty Defense Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | C$189.71M | -134.92 | -3.14% | ― | 23.49% | 51.27% | |
49 Neutral | C$223.63M | -5.57 | -27.52% | ― | 26.30% | 55.00% | |
49 Neutral | C$6.40M | -0.38 | -142.44% | ― | 82.19% | 90.16% | |
45 Neutral | C$27.56M | -0.58 | 514.89% | ― | ― | ― |
* Industrials Sector Average
TSE:SCAN
Liberty Defense Holdings
4.85
-7.75
-61.51%
TSE:GSI
Gatekeeper Systems
1.70
-0.20
-10.53%
TSE:TMS.H
Targeted Microwave Solutions
0.01
0.00
0.00%
TSE:QESS
Aegis Critical Energy Defence
0.32
0.19
152.00%
TSE:DPRO
Draganfly
6.02
-0.22
-3.53%
TSE:DFSC
DEFSEC Technologies
2.40
-2.05
-46.07%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.