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Legend Power Systems Reports Q3 F2025 Financial Results
Newsfile· 2025-08-22 11:30
Core Viewpoint - Legend Power Systems reported lower revenue in Q3 F2025 due to deal timing rather than demand, with a strong backlog expected to fulfill a significant portion of systems this year [3][6][10] Financial Highlights - Revenue for Q3 F2025 was $385,354, a decrease of 63% from $1,042,412 in Q3 F2024 [9][10] - Net loss for Q3 F2025 was $837,615, compared to a loss of $482,386 in Q3 F2024, marking a 74% increase in losses [6][11] - Gross margin decreased to $93,064 in Q3 F2025 from $520,138 in Q3 F2024, reflecting an 82% decline [9][10] Operational Highlights - The company is in the process of obtaining a GSA Multiple Award Schedule (MAS) to facilitate procurement with the U.S. government [7] - An existing customer placed a repeat order for eight additional SmartGATE systems, and the City of New York Public School System made its first SmartGATE order [7] - Engagements with several large international airports to address ongoing power challenges were noted [7] Future Outlook - The CEO indicated that groundwork has been laid for multiple late-stage opportunities across various sectors, which could significantly impact the company once closed [3] - The company expects to announce significant wins before year-end, reinforcing its growth story [3]
Legend Power Systems Schedules Q3 2025 Financial Results Release and Webinar
Newsfile· 2025-08-14 20:30
Core Insights - Legend Power Systems Inc. will release its Q3 2025 financial results on August 22, 2025, prior to market opening [1] - A webinar is scheduled for the same day at 11:00 AM ET to discuss the financial results and provide a business update [1][2] Company Overview - Legend Power Systems Inc. specializes in intelligent energy management solutions that address building energy challenges, enhancing asset management and corporate performance [2] - The company's proprietary technology reduces energy consumption and power costs while extending the lifespan of electrical equipment [2] Product Details - SmartGATE is a turnkey solution designed to identify and resolve inefficiencies in commercial electrical systems, improving energy performance and reducing costs and emissions [3] - The SmartGATE system provides full voltage regulation (+/- 8%) tailored to specific requirements, focusing on enhancing system reliability, lifetime, and efficiency [3]
Legend Power Systems Receives Approval to Amend Term of Warrants
Newsfile· 2025-07-29 23:30
Group 1 - Legend Power Systems Inc. has received consent from the TSX Venture Exchange to extend the expiry date of 12,861,553 common share purchase warrants from July 31, 2025, and August 22, 2025, to July 31, 2026, and August 22, 2026, respectively [1] - The warrants have an exercise price of $0.25, which indicates the potential for future capital raising opportunities for the company [1] Group 2 - Legend Power Systems Inc. provides an intelligent energy management platform that significantly impacts asset management and corporate performance by analyzing and improving building energy challenges [2] - The company's solutions support proactive executive decision-making in a complex business and energy environment, reducing total energy consumption and power costs while maximizing the life of electrical equipment [2] - Legend Power's solutions contribute to corporate sustainability efforts and help meet utility energy efficiency targets [2] Group 3 - SmartGATE is a turnkey solution offered by Legend Power that identifies and resolves inefficiencies in commercial electrical systems, enhancing energy performance while reducing costs and emissions [3] - The SmartGATE system provides full voltage regulation (+/- 8%) tailored to specific requirements, focusing on reducing energy consumption and optimizing power performance [3]
Legend Power Systems Applies for Amendment to Terms of Warrants
Newsfile· 2025-07-18 22:49
Core Points - Legend Power Systems Inc. has applied to extend the term of 12,861,553 common share purchase warrants from 24 months to 36 months [1] - The warrants were issued under a private placement completed in two tranches on July 31, 2023, and August 22, 2023, with an exercise price of $0.25 [1] - Insiders hold 1,957,999 warrants, representing 15.22% of the total [1] Company Overview - Legend Power Systems provides an intelligent energy management platform that addresses building energy challenges, impacting asset management and corporate performance [2] - The company's solutions aim to reduce total energy consumption and power costs while maximizing the lifespan of electrical equipment [2] - Legend Power's technology supports corporate sustainability efforts and helps meet utility energy efficiency targets [2] Product Information - SmartGATE is a turnkey solution that identifies and resolves inefficiencies in commercial electrical systems, enhancing energy performance while reducing costs and emissions [3] - The SmartGATE system installs after the meter and provides full voltage regulation to improve system reliability, lifetime, and efficiency [3] - The technology focuses on reducing energy consumption while optimizing power for performance, designed for modern buildings [3]