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Liberty Defense Holdings (SCAN) investor relations material

Liberty Defense Holdings Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary28 Aug, 2025

Executive summary

  • Focused on commercializing advanced security detection technologies, notably HEXWAVE, and expanding contract work with the TSA.

  • Appointed new President and Executive Chairman in early 2025, strengthening leadership.

  • Achieved several strategic partnerships and completed key product deliveries, including nine HEXWAVE units in Q1 2025.

  • Closed multiple equity financings, including a $4.4M private placement in July 2025.

Financial highlights

  • Revenue for the six months ended June 30, 2025, was $1.49M, down 6% year-over-year, mainly due to lower HEXWAVE sales.

  • Net loss for the six months was $7.54M, compared to $3.85M in the prior year period.

  • Gross loss for the period was $888K, reflecting high cost of revenue relative to sales.

  • Cash at June 30, 2025, was $356K, with a working capital deficiency of $4.45M.

  • Operating cash outflow for the six months was $5.35M.

Outlook and guidance

  • Management projects $6M in revenue for fiscal 2025, supported by a $1.5M backlog and anticipated TSA contract awards.

  • Additional funds are required to meet development milestones and ramp up HEXWAVE production.

  • Ongoing access to external financing is critical to support operations and growth until sustainable revenues are achieved.

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