KWE

KWESST Micro Systems
KWE

$0.1475

0.55%

Market Cap: $2.33M

About: KWESST Micro Systems Inc develops and commercializes next-generation tactical systems. The company offers breakthrough technology in lethal and non-lethal systems with broad application, including law enforcement and personal defence, modernized digitization of tactical forces for shared situational awareness and targeting, and counter-measures against threats such as drones, lasers and electronic detection.

Employees: 24

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

50% more funds holding

Funds holding: 6 [Q1] → 9 (+3) [Q2]

11.16% less ownership

Funds ownership: 15.16% [Q1] → 4.0% (-11.16%) [Q2]

81% less capital invested

Capital invested by funds: $1.07M [Q1] → $200K (-$870K) [Q2]

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for KWE.

See Analyst Rankings

Financial journalist opinion

KWESST Announces Results of 2024 Annual General and Special Meeting of Shareholders

Ottawa, Ontario--(Newsfile Corp. - August 27, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (TSXV: KWE) (TSXV:KWE.WT.U) ("KWESST" or the "Company") today announced the results of its 2024 Annual and Special Meeting of shareholders held on Monday, August 26, 2024 in virtual format. Shareholders approved all the resolutions detailed in the management information circular of the Company dated July 16, 2024, namely: To set the number of Directors at seven; Electing all the nominees to the Board of Directors of the Company; Appointing MNP LLP as auditor of the Company for the ensuing year and authorizing the directors to determine the auditor's compensation; and Approving the Company's amended long term incentive plan.

KWESST Announces Results of 2024 Annual General and Special Meeting of Shareholders

KWESST Micro Systems Announces Q3 2024 Financial Results

Ottawa, Ontario--(Newsfile Corp. - August 15, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or the "Company") is pleased to announce the highlights of its fiscal 2024 ("Fiscal 2024") third quarter ("Q3") results. This announcement is a summary only and should be read in conjunction with KWESST's unaudited condensed consolidated financial statements and related management discussion and analysis, for the three- and nine-month period ended June 30, 2024 ("Q3 2024 FS").

KWESST Micro Systems Announces Q3 2024 Financial Results

KWESST Micro Systems Inc. Announces Closing of Registered Direct Offering

Ottawa, Ontario--(Newsfile Corp. - August 13, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company"), today announced the closing of its previously announced registered direct offering for the purchase and sale of 4,715,000 common shares at a purchase price of $0.20 per common share. In a concurrent private placement, the Company issued unregistered warrants to purchase up to 4,715,000 common shares at an exercise price of $0.25 per share that were immediately exercisable upon issuance and will expire five years following the date of issuance.

KWESST Micro Systems Inc. Announces Closing of Registered Direct Offering

KWESST Micro Systems Inc. Announces Registered Direct Offering

Ottawa, Ontario--(Newsfile Corp. - August 12, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company"), today announced that it has entered into definitive agreements for the purchase and sale of 4,715,000 common shares at a purchase price of US$0.20 per common share in a registered direct offering. In a concurrent private placement, the Company will issue unregistered warrants to purchase up to 4,715,000 common shares at an exercise price of US$0.25 per share that will be immediately exercisable upon issuance and will expire five years following the date of issuance.

KWESST Micro Systems Inc. Announces Registered Direct Offering

G7 Capital City Police Take Delivery of KWESST T-SAS Systems(TM) and Enter into Agreement to Trial KWESST Lightning(TM)

Ottawa, Ontario--(Newsfile Corp. - August 7, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company") today announced that a G7 capital city police service (the "Agency") has taken delivery of three T-SAS™ systems (previously announced as "Overwatch Commander" when the order was taken in 2023) and in conjunction has entered into an agreement (at the close of business on August 6) with the Company for a limited time free trial of KWESST Lightning™. T-SAS™ stands for "TAK-enabled Sniper and Surveillance System" and is KWESST's proprietary software application that streams secure-encrypted networked video from police observation scopes, sniper scopes, drones and other sources.

G7 Capital City Police Take Delivery of KWESST T-SAS Systems(TM) and Enter into Agreement to Trial KWESST Lightning(TM)

KWESST Micro Systems Inc. Announces Pricing of United States Public Offering

Ottawa, Ontario--(Newsfile Corp. - June 12, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company"), today announced the pricing of its best efforts public offering of 2,900,000 common shares at a public offering price of US$0.58 per share, for gross proceeds of approximately US$1,682,000, before deducting placement agent fees and offering expenses. All of the common shares are being offered by the Company.

KWESST Micro Systems Inc. Announces Pricing of United States Public Offering

KWESST Micro Systems Inc. Announces Proposed United States Public Offering

Ottawa, Ontario--(Newsfile Corp. - June 12, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company") today announced that it intends to offer to sell common shares (and/or pre-funded warrants ("Pre-funded Warrants") in lieu thereof) in a best efforts United States public offering. All of the common shares (and/or Pre-funded Warrants) are to be sold by the Company.

KWESST Micro Systems Inc. Announces Proposed United States Public Offering

Why Is Kwesst Micro Systems (KWE) Stock Up 121% Today?

Kwesst Micro Systems (NASDAQ: KWE ) stock is soaring higher on Monday after the tactical systems and ammunition company secured a new contract worth up to $48 million. According to a Kwesst Micro Systems press release, the company is working with the Thales Canada as a sub-contractor for the Canadian Department of National Defence.

Why Is Kwesst Micro Systems (KWE) Stock Up 121% Today?

KWESST Secures Contract Valued at up to $48M for Software Development Services with Thales Canada to Support Canadian Army Digital Modernization

Ottawa, Ontario--(Newsfile Corp. - June 10, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW); ("KWESST" or the "Company") today reported that it has been awarded a sub-contract by Thales Canada. Under the sub-contract, KWESST will deliver specialized software services for work under the Canadian Department of National Defence Land C4ISR series of contracts to modernize the Canadian Army's capabilities through advanced land command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) systems.

KWESST Secures Contract Valued at up to $48M for Software Development Services with Thales Canada to Support Canadian Army Digital Modernization

KWESST Announces Change of Auditors

Ottawa, Ontario--(Newsfile Corp. - May 23, 2024) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW) ("KWESST" or "the Company") announces today the appointment of MNP LLP (the "Successor Auditor") as auditor for the Company until the close of the next annual general meeting. KWESST and the board of directors would like to extend their thanks to KPMG for their auditing services to date.

KWESST Announces Change of Auditors

See News Rankings