LEGEND POWER SYS INC - LPSIF STOCK NEWS

Legend Power Systems (LPSIF) has announced the release of its Q2 2024 financial results for the period ending March 31, 2024. The results will be made public before market opening on Friday, May 24, 2024. Additionally, the company will hold a webinar on the same day at 11:00 AM ET (8:00 AM PT) to provide a business update and discuss the financial results. The webinar, hosted by CEO Randy Buchamer, will be available for replay on the company's website.

Legend Power Systems (TSXV: LPS) announces the upgrade of the first Ontario School Board's SmartGATE technology, valued at $100,000 and co-funded by IESO incentives. This upgrade offers up to 40% coverage of costs and includes new features for increased energy savings, GHG emissions reductions, and power quality improvements. The decision to upgrade was driven by concerns over grid reliability and volatility, leading to discussions with other school boards for similar upgrades.

Legend Power Systems (LPS) reports record bookings of over $2.5 million for the second quarter of fiscal 2024, marking their largest quarter ever. The firm secured significant orders from commercial real estate companies and a US based ESCO, with a notable single purchase of SmartGATEs. The company also delivered its first system to the US Federal Government, showcasing a strong sales pipeline and product validation.

Legend Power Systems Inc. reports financial results for Q1 F2024, showing revenue growth and increased working capital. The company remains optimistic about deal closures and pipeline growth despite longer timelines.

Legend Power Systems Inc. (LPSIF) to release Q1 2024 financial results on February 23, 2024. Webinar scheduled to discuss financial results and business update.

Legend Power Systems Inc. (TSXV: LPS) (OTCQB: LPSIF) reported financial results for Q4 F2023, including a revenue of $159 thousand, an adjusted EBITDA loss of $926 thousand, and a net loss of $970 thousand. The company's cash position was $2.5 million with no debt and $3.79 million in working capital as of September 30, 2023. Legend Power's CEO highlighted the focus on advancing sales opportunities and the completion of technology evaluations in various markets. Operational highlights included the Green Proving Ground program for the United States General Services Administration and the deployment of SmartGATE in key commercial real estate verticals. Financially, the company experienced a decrease in revenue and gross margin but implemented cost-cutting measures to reduce operating expenses and net loss.

Legend Power Systems Inc. (TSXV: LPS) (OTCQB: LPSIF) will release its fiscal 2023 financial results for the year ended September 30, 2023, on December 22, 2023. A webinar hosted by President & CEO Randy Buchamer is scheduled to discuss the results and provide a business update.

Legend Power Systems is participating in the federal Green Proving Ground (GPG) program, which aims to test innovative building technologies to reduce operating costs and promote market transformation. With an infusion of $30 million (USD) from the Inflation Reduction Act, the GPG program will evaluate a wider array of technologies over the next four years. Legend Power Systems provides an intelligent active power management platform that aligns with the GPG's mission. The company's participation allows them to showcase their cutting-edge technology and contribute to a more sustainable future.

Legend Power Systems provides clarification on operational and sales progress, highlighting potential opportunities in the US Federal Government market.