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Legend Power Systems Reports Q4 F2025 Financial Results
TMX Newsfile· 2026-01-29 12:00
Core Viewpoint - Legend Power Systems Inc. is positioned to capitalize on the growing demand for power optimization solutions due to alternative energy growth, grid issues, and increasing power costs, with a strong revenue growth outlook over the next 3-5 years [2] Financial Highlights - Q4 F2025 revenue was CAD 690,284, a decrease of 2% from CAD 705,335 in Q4 F2024; total revenue for the year ended September 30, 2025, was CAD 1,680,052, down 10% from CAD 1,872,973 in fiscal 2024 [4][5] - Cost of sales for Q4 F2025 was CAD 516,646, down 7% from CAD 558,276 in Q4 F2024; for the year, it increased by 10% to CAD 1,287,059 from CAD 1,170,121 [4] - Gross margin for Q4 F2025 improved to 25% from 21% in Q4 F2024, while the annual gross margin decreased to 23% from 38% in fiscal 2024 [4][8] - Operating expenses for Q4 F2025 were CAD 652,188, a significant reduction of 33% from CAD 976,967 in Q4 F2024; for the year, operating expenses decreased by 9% to CAD 3,670,725 from CAD 4,014,333 [4][9] - Net loss for Q4 F2025 was CAD 481,441, a 42% improvement from a loss of CAD 832,475 in Q4 F2024; the annual net loss remained stable at CAD 3,291,800 compared to CAD 3,303,509 in fiscal 2024 [4][10] Operational Highlights - The Green Proving Ground program for the U.S. General Services Administration is progressing well, with strong sales activity from both repeat and new customers [7] - The company is engaged in active sales processes with top firms in the Commercial Real Estate sector, with over 196 buildings in active sales cycles for more than 400 potential SmartGATE installations [7]
Legend Power Systems Announces Non-Brokered Private Placement Pursuant to The Listed Issuer Financing Exemption
TMX Newsfile· 2025-12-18 12:00
Core Viewpoint - Legend Power Systems Inc. is conducting a non-brokered private placement to raise between CAD$1,333,333 and CAD$1,702,320 through the issuance of units priced at CAD$0.12 each, with the offering expected to close by January 31, 2026 [1][4]. Group 1: Offering Details - The private placement will consist of a minimum of 11,111,111 units and a maximum of 14,186,000 units, with each unit comprising one common share and one common share purchase warrant [1][2]. - Each warrant allows the holder to acquire an additional common share at an exercise price of CAD$0.12 for a period of 36 months from issuance [2]. - The offering is subject to the LIFE Exemption and will not have a statutory hold period under applicable Canadian securities laws, with certain limitations [2][4]. Group 2: Financial Aspects - The company may pay fees of up to 5.0% in cash commissions on total proceeds to eligible finders, along with issuing non-transferable finder's warrants equal to up to 3.0% of total units issued [3]. - The net proceeds from the offering will primarily be used for operating expenses, material purchases, and general working capital [4]. Group 3: Company Overview - Legend Power Systems Inc. provides an intelligent energy management platform that addresses building energy challenges, enhancing asset management and corporate performance [6]. - The company's solutions aim to reduce total energy consumption and power costs while maximizing the lifespan of electrical equipment, contributing to corporate sustainability efforts [6]. Group 4: Product Information - SmartGATE is a turnkey solution offered by the company that identifies and resolves inefficiencies in commercial electrical systems, enhancing energy performance while reducing costs and emissions [7]. - The SmartGATE system operates after the meter, providing full voltage regulation and optimizing power for improved performance [7].
Legend Power Announces Non-Brokered Private Placement Pursuant to The Listed Issuer Financing Exemption
Newsfile· 2025-11-25 12:00
Core Viewpoint - Legend Power Systems Inc. is conducting a non-brokered private placement to raise between CAD$1,333,333 and CAD$1,702,320 through the issuance of units priced at CAD$0.12 each, aimed at funding operational expenses and working capital [1][4]. Group 1: Offering Details - The private placement will consist of a minimum of 11,111,111 units and a maximum of 14,186,000 units, with each unit comprising one common share and one warrant [1][2]. - Each warrant allows the holder to purchase an additional common share at CAD$0.20 for 24 months, with an accelerated expiry provision if the share price exceeds CAD$0.25 for 10 consecutive trading days [2]. - The offering may close in multiple tranches, with the first tranche expected by December 5, 2025, and the final closing by January 8, 2026 [5]. Group 2: Use of Proceeds - The net proceeds from the offering will primarily be allocated for operating expenses, material purchases, and general working capital [4]. Group 3: Finder's Fees - The company may pay a cash commission of up to 5.0% on total proceeds to eligible finders and issue non-transferable warrants equal to up to 3.0% of total units issued [3].
Legend Power Systems Provides Update on Executive Appointments
Newsfile· 2025-10-02 21:00
Company Changes - Legend Power Systems Inc. announced that Mr. Paul Moffat will take on the role of Interim Chief Financial Officer effective September 30, 2025, while Ms. Florence Tan transitions to an advisory role [1] - Ms. Leah Hodges has been appointed as Corporate Secretary [1] - The company does not expect any disruption to its operations or financial reporting due to these changes [1] Company Overview - Legend Power Systems Inc. provides an intelligent energy management platform that addresses building energy challenges, impacting asset management and corporate performance [2] - The company's solutions support proactive decision-making in a complex business and energy environment, reducing total energy consumption and power costs while maximizing the lifespan of electrical equipment [2] - Legend Power's solutions contribute to corporate sustainability efforts and help meet utility energy efficiency targets [2] SmartGATE Technology - SmartGATE is a turnkey solution that identifies and resolves inefficiencies in commercial electrical systems, enhancing energy performance while reducing costs and emissions [3] - The system installs after the meter in line with switchgear, utilizing patented technology to extract, convert, analyze, and reinject a percentage of the load back into the system [3] - SmartGATE provides full voltage regulation (+/- 8%) tailored to specifications, focusing on reducing energy consumption and optimizing power for performance [3]
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]