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Liberty Defense Holdings Ltd. V.SCAN

Alternate Symbol(s):  LDDFF

Liberty Defense provides multi-technology security solutions for concealed weapons detection in high volume foot traffic areas and locations requiring enhanced security such as airports, stadiums, schools, and more. Liberty's HEXWAVE product, for which the company has secured an exclusive license from Massachusetts Institute of Technology ( MIT ), as well as a technology transfer agreement for patents related to active 3D radar imaging technology, provides discrete, modular, and scalable protection to provide layered, stand-off detection capability of metallic and non-metallic weapons.


TSXV:SCAN - Post by User

Comment by subaru1on Apr 30, 2024 11:11am
55 Views
Post# 36014824

RE:RE:RE:RE:RE:Fianancial

RE:RE:RE:RE:RE:FianancialThank you very much for the link. I read the report and as we all know this is a kind of start up even if they are in busuness since many years, revenue are small for 2023 with only 1 Hexwave deliver and cash at y/e is very small too.
They raise money in qrt1 and receive money from Viken to keep going in 2024.
I am surprised that they deliver only 1 Hexwave in 2023 they signe multiple contract in 2023, how many will be deliver in 2024, Viken will receive 30 and i hope that with all the signed contracxt that they will deliver another 30 for a total of 60 at $120,00 that is over 7 millions of revenue for Hexwave so revenue for 2024 could be around 7 to 10 millions, profit i have no idea i would think that the cost to build these Hexawe isn't that high so the profit margin could be very good.
We will have a better idea with 1qrt results
Xtract one should have revenue around 12 to 15 millions in 2024 and they are trading around $0,50 with 50 millions more share on the market.
2024 could be interesting
Have a good day and thanks again.
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