The company's portfolio includes systems for real-time situational awareness, countermeasures against electronic detection, lasers, drones, and the PARA OPSTM non-lethal product line. KWESST is headquartered in Ottawa, Canada, with offices in the UK and UAE. The company operates with moderate debt levels and maintains a market capitalization of approximately $1.9 million, with its next earnings report expected on February 14, 2025. The company operates with moderate debt levels and maintains a market capitalization of approximately $1.9 million, with its next earnings report expected on February 14, 2025.
Welsh's appointment coincides with her resignation from KWESST's Board of Directors and as Chair of the Audit Committee. In her new position, she will oversee the financial and compliance aspects of KWESST's operations, including the Arwen product line and the commercialization of ParaOPS. Sean Homuth, KWESST's President and CEO, expressed confidence in Welsh's ability to manage the company's supply chain, manufacturing operations, and public capital market relationships.
The company's portfolio includes systems for real-time situational awareness, countermeasures against electronic detection, lasers, drones, and the PARA OPSTM non-lethal product line. KWESST is headquartered in Ottawa, Canada, with offices in the UK and UAE. The company operates with moderate debt levels and maintains a market capitalization of approximately $1.9 million, with its next earnings report expected on February 14, 2025.
David E. Luxton, KWESST's Chairman, welcomed Yersh to the board, anticipating that his extensive experience will be invaluable, especially in developing KWESST's SaaS offerings like the new Lightning app for the public security market.
The company's portfolio includes systems for real-time situational awareness, countermeasures against electronic detection, lasers, drones, and the PARA OPSTM non-lethal product line. KWESST is headquartered in Ottawa, Canada, with offices in the UK and UAE.
The information in this article is based on a press release statement from KWESST Micro Systems Inc.
"In other recent news, KWESST Micro Systems Inc. announced a consolidation plan for its outstanding common shares, with a ratio of ten pre-consolidation shares for each post-consolidation share. This move is aimed at maintaining compliance with NASDAQ Stock Market minimum bid price requirements. The Ottawa-based company also revealed a registered direct offering and concurrent private placement, intending to sell 4,715,000 common shares at $0.20 each, potentially generating around $943,000 before fees and expenses.
In addition, KWESST secured a C4ISR software contract with Thales (EPA:TCFP) Canada, a deal that could bring in roughly CAD $48 million over an initial six-year term. The company also completed a public offering, raising approximately $1 million through the sale of 735,000 common shares and 803,500 pre-funded warrants.
Lastly, KWESST announced a change in its auditing services, replacing KPMG LLP with MNP LLP. This change is part of the company's ongoing efforts to meet its strategic objectives and maintain transparency and accountability. These are all recent developments in KWESST's business operations."
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.