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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.
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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