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Legend Power Systems Inc. - LPSIF STOCK NEWS

Welcome to our dedicated news page for Legend Power Systems (Ticker: LPSIF), a resource for investors and traders seeking the latest updates and insights on Legend Power Systems.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Legend Power Systems's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Legend Power Systems's position in the market.

Rhea-AI Summary
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.
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End-of-Day
30.78%
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Rhea-AI Summary
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.
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End-of-Day
-21.17%
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Rhea-AI Summary
Legend Power Systems Inc. (LPSIF) to release Q1 2024 financial results on February 23, 2024. Webinar scheduled to discuss financial results and business update.
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
19.67%
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Rhea-AI Summary
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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End-of-Day
-3.86%
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Rhea-AI Summary
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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End-of-Day
-19.53%
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Rhea-AI Summary
Legend Power Systems provides clarification on operational and sales progress, highlighting potential opportunities in the US Federal Government market.
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-2.44%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
14.06%
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Rhea-AI Summary
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.

OTC:LPSIF

LPSIF Rankings

LPSIF Stock Data

18.38M
113.66M
15.24%
Electromedical and Electrotherapeutic Apparatus Manufacturing
Manufacturing
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