Liberty Defense (DETX)
Market Price (8/22/2026): $3.68 | Market Cap: $19.0 MilSector: Industrials | Industry: Security & Alarm Services
Liberty Defense (DETX)
Market Price (8/22/2026): $3.68Market Cap: $19.0 MilSector: IndustrialsIndustry: Security & Alarm Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -35% Megatrend and thematic driversMegatrends include Artificial Intelligence, and Autonomous Technologies. Themes include Edge AI, Machine Vision, Show more. | Weak multi-year price returns2Y Excs Rtn is -58%, 3Y Excs Rtn is -94% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -12 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1266% Expensive valuation multiplesP/SPrice/Sales ratio is 19x Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -58%, Rev Chg QQuarterly Revenue Change % is -90% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 75% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1433%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1449% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -65% Key risksDETX key risks include [1] its dependency on achieving TSA certification for its HD-AIT Upgrade Kit, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -35% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, and Autonomous Technologies. Themes include Edge AI, Machine Vision, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -58%, 3Y Excs Rtn is -94% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -12 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1266% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 19x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -58%, Rev Chg QQuarterly Revenue Change % is -90% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 75% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1433%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1449% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -65% |
| Key risksDETX key risks include [1] its dependency on achieving TSA certification for its HD-AIT Upgrade Kit, Show more. |
Qualitative Assessment
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Liberty Defense (DETX) stock has lost about 5% since 4/30/2026 because of the following key factors:
1. Going Concern Uncertainty and Negative Operating Cash Flow.
Liberty Defense's interim results for fiscal Q2 2026, which ended on June 30, 2026, and were reported on August 17, 2026, highlighted a "material uncertainty about its ability to continue as a going concern". This concern was primarily driven by significant negative operating cash flow, amounting to $7,966,878 for the first six months of fiscal 2026, indicating the company's continued dependence on external financing.
2. Declining Revenue Performance.
The company experienced a notable decline in revenue during the period. For the six months ended June 30, 2026, total revenue decreased to $961,623, down from $1,485,207 in the prior year. Specifically, sales for fiscal Q2 2026 were USD 0.042202 million, a substantial reduction from USD 0.429849 million reported in the same quarter a year earlier.
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Liberty Defense (DETX) stock has lost about 5% since 4/30/2026 because of the following key factors:
1. Going Concern Uncertainty and Negative Operating Cash Flow.
Liberty Defense's interim results for fiscal Q2 2026, which ended on June 30, 2026, and were reported on August 17, 2026, highlighted a "material uncertainty about its ability to continue as a going concern". This concern was primarily driven by significant negative operating cash flow, amounting to $7,966,878 for the first six months of fiscal 2026, indicating the company's continued dependence on external financing.
2. Declining Revenue Performance.
The company experienced a notable decline in revenue during the period. For the six months ended June 30, 2026, total revenue decreased to $961,623, down from $1,485,207 in the prior year. Specifically, sales for fiscal Q2 2026 were USD 0.042202 million, a substantial reduction from USD 0.429849 million reported in the same quarter a year earlier.
3. Significant Share Dilution from Equity Financing.
Despite raising substantial new equity capital, including an initial public offering (IPO) that generated approximately $20 million around April 29, 2026, the company experienced a "255% increase in shares outstanding" over the past year. This significant dilution, coupled with smaller share issuances for debt settlement (e.g., 23,306 common shares at $4.55 per share to settle CAD$117,000 in July 2026), placed downward pressure on the stock's per-share value.
4. Leadership Departure Amidst Financial Challenges.
On August 4, 2026, Liberty Defense announced the resignation of Bryan Cunningham as President, effective July 22, 2026, with no immediate plans to fill the position. This leadership change, occurring during a period of significant financial uncertainty and operational challenges, likely contributed to investor apprehension.
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Stock Movement Drivers
Fundamental Drivers
The -7.2% change in DETX stock from 4/30/2026 to 8/21/2026 was primarily driven by a -67.4% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 4302026 | 8212026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.96 | 3.67 | -7.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1 | 1 | -34.9% |
| P/S Multiple | 4.4 | 19.5 | 337.3% |
| Shares Outstanding (Mil) | 2 | 5 | -67.4% |
| Cumulative Contribution | -7.2% |
Market Drivers
4/30/2026 to 8/21/2026| Return | Correlation | |
|---|---|---|
| DETX | -7.2% | |
| Market (SPY) | 6.5% | 11.5% |
| Sector (XLI) | 3.2% | 12.1% |
Fundamental Drivers
nullnull
Market Drivers
1/31/2026 to 8/21/2026| Return | Correlation | |
|---|---|---|
| DETX | ||
| Market (SPY) | 11.0% | 10.6% |
| Sector (XLI) | 9.3% | 12.3% |
Fundamental Drivers
nullnull
Market Drivers
7/31/2025 to 8/21/2026| Return | Correlation | |
|---|---|---|
| DETX | ||
| Market (SPY) | 22.2% | 10.6% |
| Sector (XLI) | 19.8% | 12.3% |
Fundamental Drivers
nullnull
Market Drivers
7/31/2023 to 8/21/2026| Return | Correlation | |
|---|---|---|
| DETX | ||
| Market (SPY) | 73.2% | 10.6% |
| Sector (XLI) | 70.0% | 12.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DETX Return | - | - | - | - | - | -26% | -26% |
| Peers Return | -14% | -9% | 38% | 12% | 51% | -17% | 52% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| DETX Win Rate | - | - | - | - | - | 40% | |
| Peers Win Rate | 48% | 46% | 58% | 60% | 71% | 34% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| DETX Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -28% | -35% | -33% | -32% | -22% | -37% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: EVLV, OSIS, LDOS, LHX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/21/2026 (YTD)
How Low Can It Go
DETX has limited trading history. Below is the Industrials sector ETF (XLI) in its place.
| Event | XLI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.8% | -18.8% |
| % Gain to Breakeven | 18.8% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -11.7% | -9.5% |
| % Gain to Breakeven | 13.2% | 10.5% |
| Time to Breakeven | 45 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.1% | -24.5% |
| % Gain to Breakeven | 25.1% | 32.4% |
| Time to Breakeven | 125 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.6% | -33.7% |
| % Gain to Breakeven | 71.2% | 50.9% |
| Time to Breakeven | 231 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.7% | -19.2% |
| % Gain to Breakeven | 31.1% | 23.8% |
| Time to Breakeven | 120 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -11.1% | -12.2% |
| % Gain to Breakeven | 12.5% | 13.9% |
| Time to Breakeven | 51 days | 62 days |
In The Past
State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
DETX has limited trading history. Below is the Industrials sector ETF (XLI) in its place.
| Event | XLI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.1% | -24.5% |
| % Gain to Breakeven | 25.1% | 32.4% |
| Time to Breakeven | 125 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.6% | -33.7% |
| % Gain to Breakeven | 71.2% | 50.9% |
| Time to Breakeven | 231 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.7% | -19.2% |
| % Gain to Breakeven | 31.1% | 23.8% |
| Time to Breakeven | 120 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.5% | -17.9% |
| % Gain to Breakeven | 29.0% | 21.8% |
| Time to Breakeven | 114 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -60.5% | -53.4% |
| % Gain to Breakeven | 153.2% | 114.4% |
| Time to Breakeven | 700 days | 1085 days |
In The Past
State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Liberty Defense (DETX)
Liberty Defense (DETX) is an emerging leader in AI-based contactless security technology, focused on detecting concealed metallic and non-metallic weapons and threats. The company aims to enhance security at major checkpoints by offering superior detection solutions that also improve ease of travel and convenience. Its core offerings address the shortcomings of legacy metal detector systems by providing advanced screening without requiring individuals to remove common items like cell phones or keys.
The company's flagship product is the HEXWAVE™ system, which utilizes millimeter wave technology, advanced 3D imaging, and artificial intelligence. HEXWAVE™ is designed for rapid, automated, and contactless walkthrough screening, capable of detecting traditional metallic weapons as well as novel threats such as liquid, plastic, and powder explosives, and 3D printed guns. This system significantly reduces false alarms and improves throughput, making it suitable for high-traffic venues. HEXWAVE™ is currently in early commercial deployment, having generated approximately US$0.91 million in revenue for the first nine months of 2025 from sales to early-adopter customers in sectors like stadiums, transportation, and government facilities in North America. Its primary market opportunities are in urban security and aviation employee screening.
Liberty Defense also offers the HD-AIT Upgrade Kit, which is being developed under contract with the U.S. Transportation Security Administration (TSA). This kit provides a solution for upgrading aging high-definition advanced imaging technology (HD-AIT) systems at airports. The TSA has plans to upgrade over 1,000 body scanners, representing a potential US$125 million market opportunity for Liberty Defense, with additional global demand anticipated. The HD-AIT Upgrade Kit is currently in the product development and TSA certification phase, with initial commercial sales projected for 2026, pending successful certification.
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Here are 1-2 brief analogies to describe Liberty Defense (DETX):
- Tesla for physical security screening.
- Amazon Go for security checkpoints.
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- HEXWAVE™ system: This AI-based contactless walkthrough portal uses millimeter wave and 3D imaging for rapid detection of concealed metallic and non-metallic weapons and threats without removing common items.
- HD-AIT Upgrade Kit: This upgrade kit is being developed to modernize aging high-definition advanced imaging technology systems currently in use in airports, primarily for the U.S. Transportation Security Administration.
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Liberty Defense (DETX) sells primarily to other companies and government entities, not individuals. Based on the provided description, its major customers fall into the following categories:
- Government Agencies: This prominently includes the U.S. Transportation Security Administration (TSA) for the HD-AIT Upgrade Kit, which is currently in the development and certification phase with initial commercial sales anticipated in 2026. The company also sells its HEXWAVE™ system to general government facility sectors.
- Transportation Sector Entities: This category encompasses organizations within the transportation industry, such as airport authorities and other transportation hubs. While the TSA is a direct customer for the HD-AIT Upgrade Kit used in airports, HEXWAVE™ is also being delivered to customers in the broader transportation sector for screening purposes.
- Urban Security Market Venues: This includes businesses and organizations that operate large public gathering spaces, such as stadiums and other private facilities. These early-adopter customers in North America are utilizing the HEXWAVE™ system to address security screening needs.
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William Frain, Chief Executive Officer
William Frain has over 30 years of experience in the security industry. Prior to his role at Liberty Defense, he served as Senior Vice President for L-3 Security & Detection Systems, a leading global supplier of security inspection systems, where he was responsible for global sales, business development, and key account management. Earlier in his career, Mr. Frain was the CFO at Vivid Technologies before its acquisition by PerkinElmer, which subsequently led to the sale of its security and detection systems division to L-3 Technologies. He previously served as CEO of DrawDown Detection. Mr. Frain holds an MBA from The Wharton School.
Omar Garcia Abrego, Chief Financial Officer
Omar Garcia Abrego brings over 20 years of progressive international accounting experience in both public and private markets to Liberty Defense. He most recently held the CFO position of a TSX.V listed company. He is also listed as Corporate Secretary.
Bryan Cunningham, President
Bryan Cunningham is a lawyer, security expert, former CIA officer, and tech executive. He serves as senior counsel and Executive Director of Palantir's outside advisory group on privacy and civil liberties, and has been a key figure in multiple tech startups. His past experience includes serving as Deputy Legal Adviser to Condoleezza Rice, working with the 9/11 Commission, and advising the Chertoff Group.
Jeffrey Gordon, VP of Engineering
Jeffrey Gordon is an accomplished engineering professional with over 35 years of experience leading the development of groundbreaking sensing products for the military, medical, industrial, and commercial markets. His work includes developing body scanners that are deployed across many U.S. and EU airport checkpoints. He spent five years at General Electric Global Research, where he developed roadmaps for imaging and sensor technologies. Mr. Gordon holds a BS from the University of Massachusetts Amherst, an MS in Experimental Physics from UC Los Angeles, and a PhD from UC Berkeley. He specializes in technology strategy for advanced Radio-Frequency (RF) and infrared (IR) sensing, as well as AI/machine learning techniques.
Jay Adelaar, SVP of Capital Markets
Jay Adelaar has over 15 years of capital market experience. He has been instrumental in guiding companies from their start-up phase through to eventual acquisition.
AI Analysis | Feedback
Key Business Risks for Liberty Defense (DETX)
- Dependency on Successful TSA Certification and Commercialization of HD-AIT Upgrade Kit: The HD-AIT Upgrade Kit, projected to address a potential US$125 million market opportunity with the TSA, is currently in the product development and TSA certification phase and has not yet been commercialized. Initial commercial sales are contingent upon the successful completion of the TSA’s certification process, creating a significant risk that failure to achieve this certification would prevent the product from reaching its anticipated market.
- Challenges in Scaling HEXWAVE™ Production and Achieving Widespread Market Adoption: The HEXWAVE™ system, Liberty Defense's flagship product, is currently in early commercial deployment and not yet in full-scale mass production. The company is still focused on optimizing unit economics, reducing production costs, and enhancing system performance. This indicates a risk associated with successfully scaling manufacturing, controlling costs, and achieving broad market acceptance and penetration against existing legacy security solutions.
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AI Analysis | Feedback
Liberty Defense has identified the following addressable markets for its main products:
- The target security screening market for HEXWAVE™ is currently a US$11 billion market opportunity, forecasted to reach US$22.4 billion by 2036. This market size is global.
- The market opportunity for the HD-AIT Upgrade Kit, specifically for upgrades to over 1,000 body scanners installed at U.S. airports, represents approximately US$125 million of potential revenue. This market size is for the U.S. region.
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Expected Revenue Growth Drivers for Liberty Defense (DETX)
Over the next 2-3 years, Liberty Defense (DETX) anticipates several key drivers for revenue growth:
- Broader Commercial Rollout and Increased Sales of HEXWAVE™: Liberty Defense is actively expanding its commercial team and building channel partnerships to support a broader market rollout of its HEXWAVE™ system in 2026. This initiative aims to significantly increase sales of the company's flagship contactless security technology, which has already generated approximately US$0.91 million in revenue for the nine months ended September 30, 2025, and US$1.01 million for the year ended December 31, 2024, from early-adopter customers.
- Expansion of HEXWAVE™ into Urban Security and Aviation Employee Screening Markets: The company believes the most promising market opportunities for HEXWAVE™ lie within specific verticals in the urban security market and in aviation employee screening. The increasing frequency of violent incidents in public venues is driving a market-wide need for effective, efficient, and non-invasive detection technologies, positioning HEXWAVE™ for increased adoption in these sectors.
- Initial Commercial Sales and Deployment of the HD-AIT Upgrade Kit: Liberty Defense expects initial commercial sales of its High-Definition Advanced Imaging Technology Upgrade Kit (HD-AIT Upgrade Kit) in 2026, contingent upon successful completion of the U.S. Transportation Security Administration’s (TSA) certification process. This product addresses the TSA's plans to upgrade over 1,000 body scanners at U.S. airports over the next five years, representing a potential revenue opportunity of approximately US$125 million.
- International Market Expansion for the HD-AIT Upgrade Kit: Beyond the U.S. market, Liberty Defense identifies a global demand for similar upgrades to installed base systems internationally. This international market expansion for the HD-AIT Upgrade Kit is expected to contribute to future revenue growth once the product is commercialized and certified.
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Inbound Investments
- Development of the HD-AIT Upgrade Kit is being conducted pursuant to contracts awarded by the U.S. Transportation Security Administration (“TSA”).
- In August 2025, Liberty Defense delivered its first HD-AIT Upgrade Kit unit to the TSA for formal evaluation and testing.
- In December 2025, the TSA exercised its contract option for the completion of design improvements to the HD-AIT Upgrade Kit.
Peer Outperformance in Security & Alarm Services
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 27.6% | 126.5% | 210.6% | CDNL 3246% · STRL 2254% · FIX 2172% |
| Marine Transportation | 4 | 62.9% | 65.0% | 163.5% | MATX 225% · KEX 166% · SFL 161% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 16.3% | 68.1% | 123.8% | CAT 340% · ALSN 287% · WAB 257% |
| Aerospace & Defense | 55 | 13.8% | 67.6% | 80.6% | DFNS 2047% · ATI 1066% · FTAI 993% |
| Passenger Ground Transportation | 3 | -2.4% | 61.6% | 71.8% | UBER 97% · CAR 72% · LYFT -62% |
| Industrial Machinery & Supplies & Components | 71 | 11.4% | 56.3% | 52.9% | CRS 1522% · PSIX 846% · GHM 752% |
| Rail Transportation | 7 | 39.8% | 76.5% | 48.5% | FSTR 120% · CSX 64% · UNP 54% |
| Cargo Ground Transportation | 16 | 47.1% | 13.9% | 47.5% | XPO 283% · R 277% · CVLG 227% |
| Trading Companies & Distributors | 18 | 7.1% | 37.0% | 45.6% | DXPE 541% · AIT 309% · URI 246% |
| Diversified Support Services | 34 | 11.6% | 36.1% | 40.8% | LIME 4674% · TH 414% · WLFC 357% |
| Electrical Components & Equipment | 40 | 29.9% | 46.9% | 36.1% | POWL 2449% · BE 907% · VRT 872% |
| Building Products | 33 | -1.6% | 16.9% | 29.6% | GFF 425% · LMB 425% · PPIH 297% |
| Industrial Conglomerates | 17 | 18.2% | 25.2% | 7.9% | RCMT 804% · TTI 181% · CSW 157% |
| Office Services & Supplies | 10 | 18.7% | 25.5% | 4.7% | TILE 198% · PBI 173% · EBF 53% |
| Environmental & Facilities Services | 28 | -8.4% | 17.4% | 3.7% | CECO 884% · ADUR 661% · GEO 314% |
| Research & Consulting Services | 13 | -5.4% | -18.0% | -3.9% | HURN 224% · CRAI 100% · GRNQ 58% |
| Agricultural & Farm Machinery | 17 | 0.1% | -4.0% | -11.0% | BLBD 199% · DE 97% · GENC 66% |
| Data Processing & Outsourced Services | 6 | -29.6% | -8.2% | -24.6% | EXLS 57% · BR 14% · G -23% |
| Passenger Airlines | 11 | 12.7% | -6.1% | -25.3% | LTM 2424% · UAL 157% · SKYW 152% |
| Human Resource & Employment Services | 20 | 10.0% | -19.7% | -36.0% | BBSI 90% · ADP 48% · KFY 39% |
| Air Freight & Logistics | 12 | -12.4% | -24.2% | -36.6% | CHRW 80% · FDX 68% · EXPD 62% |
| Security & Alarm Services ← | 10 | -31.8% | -17.6% | -46.9% | CIX 125% · MG 96% · BCO 54% |
| Airport Services | 3 | -67.8% | -71.2% | -58.6% | JOBY -24% · ASLE -59% · UP -100% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 141.39 |
| Mkt Cap | 3.4 |
| Rev LTM | 1,807 |
| Op Inc LTM | 232 |
| FCF LTM | 49 |
| FCF 3Y Avg | 1 |
| CFO LTM | 94 |
| CFO 3Y Avg | 42 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.0% |
| Rev Chg 3Y Avg | 14.7% |
| Rev Chg Q | 7.2% |
| QoQ Delta Rev Chg LTM | 1.8% |
| Op Inc Chg LTM | 4.5% |
| Op Inc Chg 3Y Avg | 21.9% |
| Op Mgn LTM | 10.1% |
| Op Mgn 3Y Avg | 9.9% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 13.0% |
| CFO/Rev 3Y Avg | 2.3% |
| FCF/Rev LTM | 2.7% |
| FCF/Rev 3Y Avg | -0.2% |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.42 | 0.09 | 0.19 | 0.13 | -0.60 | 0.00 |
| Up Beta | 1.82 | 1.36 | 1.08 | -1.10 | 1.30 | -1.44 |
| Down Beta | -1.18 | 0.30 | 1.19 | -0.15 | 1.56 | 0.89 |
| Up Capture | -265% | -143% | -84% | -46% | -21% | -2% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 7 | 17 | 26 | 27 | 27 | 27 |
| Down Capture | 134% | 84% | 14% | 21% | 14% | 8% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 14 | 23 | 32 | 37 | 37 | 37 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DETX | |
|---|---|---|---|---|
| DETX | -19.5% | 70.8% | -0.64 | - |
| Sector ETF (XLI) | 20.5% | 17.1% | 0.92 | 12.3% |
| Equity (SPY) | 21.1% | 12.9% | 1.22 | 10.6% |
| Gold (GLD) | 37.5% | 28.8% | 1.10 | 6.7% |
| Commodities (DBC) | 43.2% | 20.2% | 1.66 | -3.5% |
| Real Estate (VNQ) | 12.9% | 13.8% | 0.64 | -13.8% |
| Bitcoin (BTCUSD) | -35.4% | 43.5% | -0.88 | 4.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DETX | |
|---|---|---|---|---|
| DETX | -4.2% | 70.8% | -0.64 | - |
| Sector ETF (XLI) | 13.1% | 17.6% | 0.57 | 12.3% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 10.6% |
| Gold (GLD) | 20.6% | 18.6% | 0.90 | 6.7% |
| Commodities (DBC) | 10.4% | 19.6% | 0.41 | -3.5% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | -13.8% |
| Bitcoin (BTCUSD) | 9.1% | 52.7% | 0.36 | 4.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DETX | |
|---|---|---|---|---|
| DETX | -2.1% | 70.8% | -0.64 | - |
| Sector ETF (XLI) | 13.8% | 20.0% | 0.60 | 12.3% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 10.6% |
| Gold (GLD) | 12.7% | 16.2% | 0.64 | 6.7% |
| Commodities (DBC) | 8.0% | 18.0% | 0.36 | -3.5% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | -13.8% |
| Bitcoin (BTCUSD) | 62.2% | 66.1% | 1.02 | 4.1% |
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Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Security & Alarm Services Resources |
| Security Magazine |
| Security Sales & Integration (SSI) |
| SDM Magazine |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.