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Liberty Defense Holdings (SCAN) AI Stock Analysis
Liberty Defense Holdings
(TSXV:SCAN)
The overall score of 38 reflects a very high-risk, early-stage company facing severe headwinds. The most significant factors are the deeply negative and deteriorating financial performance, characterized by massive cash burn and negative gross margins, and a persistently bearish technical trend with the stock in a deep downtrend. While a recent capital raise has temporarily strengthened the balance sheet, it does not offset the unsustainable operational losses and lack of a clear path to profitability.
Liberty Defense Holdings (SCAN) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 8.67M
- Dividend Yield
- ―
- Average Volume (3M)
- 2,177
- Price to Earnings (P/E)
- -0.3
- Beta (1Y)
- -0.37
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- Canada
- Employees
- 27
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Security & Protection Services
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 th...
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 scr...
Liberty Defense Holdings Financial Statement Overview
Summary
Financial performance is critically weak. The company is deeply unprofitable with a TTM net profit margin of -1,184% and negative gross margins, indicating an unsustainable operating model. Cash burn is accelerating, with TTM operating cash flow of -$13.9M. The only mitigating factor is a recently improved balance sheet with positive equity of $9.0M, providing a temporary runway.
Income Statement
8Very NegativeBalance Sheet
55NeutralCash Flow
10Very 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 | 0 |
| Gross Profit | -3.53M | -3.11M | -1.68M | -1.22M | -1.09M | -161.07K |
| EBITDA | -9.61M | -12.86M | -6.11M | -8.49M | -10.94M | -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 | 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
Price Trends
Market Momentum
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 2.14 is below the 20-day moving average (MA) of 2.36, below the 50-day MA of 3.18, and below the 200-day MA of 5.62, indicating a bearish trend. The MACD of -0.27 indicates Negative momentum. The RSI at 32.64 is Neutral, neither overbought nor oversold. The STOCH value of 42.73 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
Overall Rating
TSE:GSI62Neutral
TSE:DPRO42Neutral
TSE:DFSC39Underperform- TSE:SCAN38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| TSE:GSI | 62Neutral | CAD 178.55M | -126.98 | -3.14% | ― | 23.49% | 51.27% |
| TSE:DPRO | 42Neutral | CAD 189.84M | -4.49 | -27.52% | ― | 26.30% | 55.00% |
| TSE:DFSC | 39Underperform | CAD 4.50M | -0.15 | -143.89% | ― | 82.19% | 90.16% |
| TSE:SCAN | 38Underperform | CAD 12.16M | -0.26 | -7968.55% | ― | ― | ― |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:SCAN | Liberty Defense Holdings Ltd. | 2.14 | -14.06 | -86.79% | |
| TSE:GSI | Gatekeeper Systems | 1.60 | -0.93 | -36.76% | |
| TSE:TMS.H | Targeted Microwave Solutions | 0.01 | 0.00 | 0.00% | |
| TSE:QESS | Aegis Critical Energy Defence Corp | 0.24 | -0.14 | -36.84% | |
| TSE:DPRO | Draganfly Inc | 4.85 | -8.73 | -64.29% | |
| TSE:DFSC | DEFSEC Technologies Inc. | 0.98 | -4.57 | -82.34% |
Liberty Defense Holdings Corporate Events
Liberty Defense Names COO Keith Teichmann Interim CEO Amid Growth Push
PositiveLiberty Defense Holdings announced a leadership transition, with Chief Executive Officer Bill Frain resigning and stepping down from the board, while Chief Operating Officer Keith Teichmann will assume the role of interim CEO at the end of October 20...
Liberty Defense Appoints Security Technology Veteran John Percival as Chairman
PositiveLiberty Defense Holdings has named veteran security technology executive John R. Percival as Chairman of the Board, succeeding Executive Chairman Jason Burinescu, who has departed the company to pursue other opportunities. The leadership change place...
Liberty Defense Expands HEXWAVE Footprint in Courts and Corrections
PositiveLiberty Defense Holdings has expanded deployment of its HEXWAVE concealed weapon detection system with new wins in one of the largest U.S. state court systems and a state department of corrections, adding four units that will be installed across mult...
Liberty Defense’s HEXWAVE Chosen to Enhance Worker Screening at Cleveland Airport
PositiveLiberty Defense Holdings and Wadsworth Solutions will deploy two HEXWAVE walkthrough security detection portals at Cleveland Hopkins International Airport to bolster its Aviation Worker Screening program. The installation extends HEXWAVE’s foot...
Liberty Defense Taps VMI Security to Broaden U.S. HEXWAVE Distribution
PositiveLiberty Defense has signed a non-exclusive distribution agreement with VMI Security that will expand the U.S. sales footprint for its HEXWAVE walkthrough screening system. VMI will integrate HEXWAVE into its portfolio of non-intrusive inspection solu...
Liberty Defense Enters Commercial Loss Prevention Market with HEXWAVE Deal
PositiveLiberty Defense Holdings has signed a multi-site agreement with a third-party logistics and manufacturing provider that will deploy two HEXWAVE screening systems at a U.S. facility in 2026, with more units projected for a second site in 2027. The dea...
Liberty Defense Unveils Single-Panel HEXWAVE Configuration for Tight Entrances
PositiveLiberty Defense is introducing a new single-panel “I-Configuration” of its HEXWAVE screening system at GSX 2026 in Atlanta, designed for entrances where traditional multi-panel lanes cannot fit. By having individuals walk up, rotate once...
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.
Date of analysis: Oct 14, 2026