KWESST Updates Investors On Business Ramp-Up In Fiscal Q2, Outlook For Q3 [Yahoo! Finance]
KWESST Micro Systems Inc. (KWE)
Company Research
Source: Yahoo! Finance
Ottawa, Ontario--(Newsfile Corp. - March 21, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (TSXV: KWE) (TSXV: KWE.WT.U) (FSE: 62UA) (" KWESST " or the " Company ") today updated investors on the ramp-up of business in Fiscal Q2 2024 ending March 31 st , 2024 ("Q2") and the outlook heading into Fiscal Q3 ending June 30, 2024 ("Q3"). "Reorganization of our ARWEN business in Q2 and ramp-up of our military digitization business have provided stronger revenue visibility, which we are pleased to share with investors," said Sean Homuth, KWESST President and CEO. ARWEN Business Grows Following Re-organization KWESST stated that its ARWEN business, which it reorganized in late 2023, has been able to increase customer shipments in Q2 six-fold over Q1 (including shipments anticipated through end-March). Anticipated Q2 revenue (CAD $226K) represents a run rate of approximately CAD $1 million annually which is more than double ARWEN revenue for fiscal 2023 of CAD $400K. The Company forese
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KWE
News
- KWESST Provides Corporate Update Ahead of Fiscal Q2 2024 Results [Yahoo! Finance]Yahoo! Finance
- KWESST Demonstrates PARA OPS To Southern California Agencies [Yahoo! Finance]Yahoo! Finance
- KWESST Awarded Contract From Ontario Provincial Police [Yahoo! Finance]Yahoo! Finance
- KWESST Signs Agreement for Distribution of PARA OPS Products in Canada [Yahoo! Finance]Yahoo! Finance
- KWESST Invited To Showcase Its Public Safety Products To Elite Special Intervention Units At Spring 2024 Event [Yahoo! Finance]Yahoo! Finance
KWE
Sec Filings
- 4/30/24 - Form 6-K
- 4/10/24 - Form 6-K
- 4/9/24 - Form SC
- KWE's page on the SEC website