Defense Technologies Widens Nine-Month Loss to $564,471 as Cash Dwindles to $192

Defense Technologies International Corp., a Delaware-based defense technology firm, reported a net loss of $564,471 for the nine months ending January 31, 2026, compared to a loss of $330,124 in the prior-year period. The company closed the quarter with just $192 in cash, down from $1,493 nine months earlier. Read more earnings reports.

The company reported no revenue for the period. Operating expenses totaled $473,164 for the nine months ending January 31, 2026, a 44% decline from $851,750 in the same period a year earlier. For the three months ending January 31, 2026, operating expenses fell to $143,753 from $316,803 in the prior-year quarter.

Total assets stood at $7,791 as of January 31, 2026, down from $9,092 nine months prior. The balance sheet showed $7,599 in inventory and virtually no liquid assets. Total liabilities climbed to $2.67 million from $2.08 million at the fiscal year-end on April 30, 2025.

Stockholders' deficit deepened to $2.26 million as of January 31, 2026, compared to a deficit of $1.71 million nine months earlier. The accumulated deficit reached $18.63 million, up from $18.04 million at fiscal year-end. The company reported 35.53 million common shares outstanding as of January 31, 2026, up from 34.15 million shares nine months prior.

Cash used in operations totaled $130,629 for the nine-month period, while financing activities brought in $129,328. That compared to $167,146 used in operations and $169,572 from financing in the prior-year nine-month period.

Diluted loss per share for the nine months ending January 31, 2026 was less than one cent, based on 35.48 million weighted average shares outstanding. The company paid no income taxes during the period.