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KWESST Micro Systems ( (TSE:KWE) ) has issued an update.
KWESST Micro Systems reported a significant revenue increase of 588% for Q1 2025, attributed to robust growth in government contracts and their ARWEN business. The company’s gross margin improved to 45.6%, highlighting a successful shift from development to revenue generation, particularly through digitization initiatives and higher-margin product sales.
More about KWESST Micro Systems
KWESST Micro Systems Inc. operates in the technology industry, focusing on advanced defense and security solutions. Its primary products and services include the Land Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (Land C4ISR) systems and the Lightning SaaS platform, with a market focus on government contracts and organizations like the Canadian Red Cross.
YTD Price Performance: -38.55%
Average Trading Volume: 2,781,985
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $759.5K
See more insights into KWE stock on TipRanks’ Stock Analysis page.
