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Legend Power Systems Inc. (LPSIF), headquartered in Vancouver, British Columbia, is a global leader in commercial electrical system solutions. The company provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance. Legend Power's proven solutions support proactive executive decision-making in a complex and volatile business and energy environment. The proprietary and patented system reduces total energy consumption and power costs, while also maximizing the life of electrical equipment. Legend Power's unique solution is a key contributor to both corporate sustainability efforts and the meeting of utility energy efficiency targets.
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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.
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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.
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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.
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Legend Power Systems provides clarification on operational and sales progress, highlighting potential opportunities in the US Federal Government market.
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Legend Power Systems announces CAD$8 million in order commitments and an additional US$8 million in commitments for larger systems. The U.S. Federal Government could account for over 10,000 systems, and there is a verbal commitment for 300+ systems from a major US municipal government customer. The company has US$75 million of pending proposals and US$125 million of near-term opportunities. Legend Power Systems estimates that the current 200 potential customers in the sales funnel could be worth over US$2 billion. The company has renewed its agreement with Sophic Capital Inc. as its Investor Relations firm.
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Legend Power Systems approves grant of 1,850,000 incentive stock options
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Legend Power Systems reports Q3 F2023 financial results with revenue of $470k, an adjusted EBITDA loss of $884k, and a net loss of $1 million. The company completed a non-brokered private placement for gross proceeds of $2.5 million. Late-stage deals could bring over $10 million in new potential bookings. The Green Proving Ground program and channel sales team are progressing well. Gross margin in Q3 F2023 was 22%, compared to 5% in Q3 F2022. Adjusted EBITDA was negative $883,821. Net loss for Q3 F2023 was $1,018,568.
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Legend Power Systems Inc. will release its Q3 2023 financial results for the nine months ended June 30, 2023, on August 25, 2023. The company has scheduled a conference call to discuss the results on the same day.
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FAQ
What is the current stock price of Legend Pwr Sys (LPSIF)?
The current stock price of Legend Pwr Sys (LPSIF) is $0.13 as of February 21, 2025.
What is the market cap of Legend Pwr Sys (LPSIF)?
The market cap of Legend Pwr Sys (LPSIF) is approximately 23.2M.
Where is Legend Power Systems Inc. headquartered?
Legend Power Systems Inc. is headquartered in Vancouver, British Columbia.
What does Legend Power Systems Inc. specialize in?
Legend Power Systems Inc. is a global leader in commercial electrical system solutions, providing an intelligent energy management platform.
What are the key features of Legend Power's solutions?
The proprietary and patented system of Legend Power reduces total energy consumption and power costs, maximizing the life of electrical equipment.
How does Legend Power contribute to corporate sustainability efforts?
Legend Power's unique solution is a key contributor to both corporate sustainability efforts and the meeting of utility energy efficiency targets.
Who hosts the scheduled webinars for Legend Power Systems Inc.?
The webinars are hosted by Randy Buchamer, the President and Chief Executive Officer of Legend Power Systems Inc.
Legend Pwr Sys Inc