Legend Power Systems Reports Q3 F2025 Financial Results
Legend Power Systems (OTCQB:LPSIF), a commercial electrical system solutions provider, reported its Q3 F2025 financial results with revenue of $385,354, down 63% from $1.04 million in Q3 F2024. The company posted a net loss of $837,615, compared to a $482,386 loss in the same period last year.
The quarter saw gross margins decline to 24% from 50% year-over-year, while operating expenses decreased 7% to $927,839. Despite lower revenue, CEO Randy Buchamer emphasized strong backlog levels and attributed the revenue decline to deal timing rather than demand issues. The company maintains a debt-free position with $215,000 in cash and $156,000 in working capital as of June 30, 2025.
Notable developments include progress toward obtaining a GSA Multiple Award Schedule, a repeat order for eight SmartGATE systems from an existing customer, and the first SmartGATE order from New York Public Schools.
Legend Power Systems (OTCQB:LPSIF), fornitore di soluzioni per sistemi elettrici commerciali, ha comunicato i risultati finanziari del terzo trimestre F2025 con ricavi per $385.354, in calo del 63% rispetto a $1,04 milioni nel Q3 F2024. La società ha registrato una perdita netta di $837.615, rispetto a una perdita di $482.386 nello stesso periodo dell’anno precedente.
I margini lordi sono scesi al 24% dal 50% su base annua, mentre le spese operative sono diminuite del 7% attestandosi a $927.839. Nonostante il calo dei ricavi, l’AD Randy Buchamer ha sottolineato un solido livello di backlog e ha attribuito la riduzione dei ricavi a tempistiche di contratti piuttosto che a problemi di domanda. Al 30 giugno 2025 la società è priva di debiti, con $215.000 in cassa e $156.000 di capitale circolante.
Tra gli sviluppi rilevanti: progressi verso l’ottenimento di una GSA Multiple Award Schedule, un ordine ripetuto di otto sistemi SmartGATE da un cliente esistente e il primo ordine SmartGATE per le scuole pubbliche di New York.
Legend Power Systems (OTCQB:LPSIF), proveedor de soluciones para sistemas eléctricos comerciales, informó sus resultados financieros del tercer trimestre F2025 con ingresos de $385,354, una caída del 63% frente a $1.04 millones en el Q3 F2024. La compañía registró una pérdida neta de $837,615, en comparación con una pérdida de $482,386 en el mismo período del año anterior.
Los márgenes brutos se redujeron al 24% desde el 50% interanual, mientras que los gastos operativos disminuyeron un 7% hasta $927,839. A pesar de la menor facturación, el CEO Randy Buchamer destacó un sólido nivel de backlog y atribuyó la caída de ingresos a la calendarización de contratos y no a la falta de demanda. Al 30 de junio de 2025 la compañía está libre de deuda, con $215,000 en efectivo y $156,000 de capital de trabajo.
Desarrollos notables incluyen avances para obtener una GSA Multiple Award Schedule, un pedido repetido de ocho sistemas SmartGATE por parte de un cliente existente y el primer pedido de SmartGATE para las escuelas públicas de Nueva York.
Legend Power Systems (OTCQB:LPSIF)는 상업용 전력 시스템 솔루션 제공업체로서 2025 회계연도 3분기 실적을 발표했습니다. 매출 $385,354로 전년 동기 Q3 F2024의 $1.04백만에서 63% 감소했습니다. 순손실은 $837,615로 전년 동기 $482,386 손실보다 확대되었습니다.
총이익률은 전년 대비 50%에서 24%로 하락했으며, 영업비용은 7% 감소한 $927,839를 기록했습니다. 매출이 감소했음에도 CEO 랜디 부채머(Randy Buchamer)는 견조한 수주잔고(backlog)를 강조하며 매출 감소가 수요 문제가 아닌 계약 시점의 차이 때문이라고 설명했습니다. 2025년 6월 30일 기준으로 회사는 무차입 상태이며 현금 $215,000과 운전자본 $156,000을 보유하고 있습니다.
주요 발전사항으로는 GSA 다수 수상 일정(GSA Multiple Award Schedule) 취득 진전, 기존 고객으로부터 SmartGATE 시스템 8대의 재주문, 뉴욕 공립학교로부터의 첫 SmartGATE 주문 등이 있습니다.
Legend Power Systems (OTCQB:LPSIF), fournisseur de solutions de systèmes électriques commerciaux, a publié ses résultats financiers du troisième trimestre F2025 avec un chiffre d’affaires de $385,354, en baisse de 63% par rapport à $1,04 million au T3 F2024. La société a affiché une perte nette de $837,615, contre une perte de $482,386 à la même période l’an dernier.
Les marges brutes ont diminué à 24% contre 50% d’une année sur l’autre, tandis que les charges d’exploitation ont reculé de 7% pour s’établir à $927,839. Malgré la baisse du chiffre d’affaires, le PDG Randy Buchamer a souligné un niveau de carnet de commandes solide et attribué la diminution des revenus au calendrier des contrats plutôt qu’à un manque de demande. Au 30 juin 2025, la société est exempte de dettes, avec $215,000 en liquidités et $156,000 de fonds de roulement.
Parmi les faits marquants figurent des progrès pour l’obtention d’une GSA Multiple Award Schedule, une commande répétée de huit systèmes SmartGATE d’un client existant et la première commande SmartGATE pour les écoles publiques de New York.
Legend Power Systems (OTCQB:LPSIF), ein Anbieter gewerblicher Stromsystemlösungen, meldete seine Finanzergebnisse für das 3. Quartal F2025 mit Umsatz von $385.354, ein Rückgang von 63% gegenüber $1,04 Mio. im Q3 F2024. Das Unternehmen verzeichnete einen Nettoumsatzverlust von $837.615, gegenüber einem Verlust von $482.386 im gleichen Vorjahreszeitraum.
Die Bruttomargen fielen von 50% auf 24% gegenüber dem Vorjahr, während die Betriebskosten um 7% auf $927.839 sanken. Trotz des geringeren Umsatzes betonte CEO Randy Buchamer ein starkes Auftragsbestand (Backlog) und führte den Umsatzrückgang auf das Timing von Aufträgen und nicht auf Nachfrageschwäche zurück. Zum 30. Juni 2025 ist das Unternehmen schuldenfrei und verfügt über $215.000 in bar sowie $156.000 an Working Capital.
Bedeutsame Entwicklungen umfassen Fortschritte bei der Erlangung einer GSA Multiple Award Schedule, eine Nachbestellung von acht SmartGATE-Systemen durch einen bestehenden Kunden sowie die erste SmartGATE-Bestellung für die New Yorker öffentlichen Schulen.
- Debt-free balance sheet with $215,000 in cash
- Operating expenses reduced by 7% year-over-year
- Strong backlog reported as one of the highest in company history
- Progress on obtaining GSA Multiple Award Schedule for U.S. government sales
- Secured repeat order for eight SmartGATE systems from existing customer
- New customer acquisition with NYC Public School System
- Revenue declined 63% year-over-year to $385,354
- Net loss increased 74% to $837,615
- Gross margin decreased significantly from 50% to 24%
- Low cash position of $215,000 may indicate potential liquidity concerns
- Working capital decreased to $156,000
Conference Call Today at 11am ET
Vancouver, British Columbia--(Newsfile Corp. - August 22, 2025) - Legend Power Systems Inc. (TSXV: LPS) (OTCQB: LPSIF) ("Legend Power" or the "Company"), a global leader in commercial electrical system solutions, reports its financial results for the three months ended June 30, 2025 ("Q3 F2025"). The Company has also scheduled a conference call to provide a business update to discuss its Q3 F2025 financial results today at 11:00 AM ET (8:00 AM PT) (details below). The call will be hosted by Randy Buchamer, President & Chief Executive Officer. A complete set of Financial Statements and Management's Discussion & Analysis has been filed at www.sedarplus.ca. All dollar figures are quoted in Canadian dollars.
Q3 F2025 Highlights
- Revenue of
$385 thousand versus$1 million in Q3 F2024 - Net loss of
$837 thousand versus a$482 thousand loss in Q3 F2024 - Cash of
$215 thousand , no debt, and$156 thousand in working capital at June 30, 2025
"The third quarter of 2025 reflected lower revenue due to deal timing, not demand, as our backlog is one of the strongest in the company's history and we expect a significant portion of these systems to be fulfilled this year," said Randy Buchamer, CEO of Legend Power Systems. "I recognize the fact that some initiatives have taken longer to land than we initially guided, but the reality is the groundwork is done, the relationships are built, and the deals are now in motion. We are sitting on multiple late-stage opportunities across commercial real estate, education, government, and military that, once closed, have the potential to meaningfully impact the Company. SmartGATE™ has gone from a proven technology to an essential piece of critical infrastructure, and our customers are seeing that in real-world performance. We are entering a period where momentum can compound quickly, and we fully expect to announce significant wins before year-end that validate Legend as a scaled, repeatable growth story."
Q3 F2025 Operational Highlights
- Legend Power Systems is also in progress of obtaining a GSA Multiple Award Schedule ("MAS"). A GSA MAS contract is the U.S. government's preferred way to buy from trusted, pre-vetted vendors, making procurement faster, easier, and more compliant for both sides.
- During the quarter, an existing customer placed a repeat order for eight additional SmartGATE systems, and the City of New York Public School System placed its first SmartGATE order, aligning with their building electrification and grid resilience strategy. We have also been engaged by several large international airports to help assess and find solutions to ongoing power challenges impacting overall airport operations.
Events Subsequent to Q3 F2025
- The Company has received
$213,638 of outstanding trades receivables and deposits from sales orders.
- The Company extended the terms of 12,861,553 common share purchase warrants that were issued under the Company's private placement of units completed in two tranches on July 31, 2023 and August 22, 2023. The warrants have an exercise price of
$0.25 and were set to expire on July 31, 2025 and August 22, 2025. The Company has received consent from TSX Venture Exchange to extend the expiry date of the warrants to July 31, 2026 and August 22, 2026.
Q3 F2025 Financial Highlights
Financial summary for the three months ended June 30, 2025 and 2024
| Three months ended June 30, | Nine months ended June 30, | ||||||||||||||||
| (Cdn$, unless noted otherwise) | 2025 | 2024 | Change | 2025 | 2024 | Change | |||||||||||
| Revenue | 385,354 | 1,042,412 | (63)% | 989,768 | 1,167,638 | (15)% | |||||||||||
| Cost of sales | 292,290 | 522,274 | (44)% | 770,413 | 611,845 | ||||||||||||
| Gross margin1 | 93,064 | 520,138 | (82)% | 219,355 | 555,793 | (61)% | |||||||||||
| Gross margin %1 | (52)% | (54)% | |||||||||||||||
| Operating expenses | 927,839 | 999,539 | (7)% | 3,018,537 | 3,037,366 | (1)% | |||||||||||
| Net loss | (837,615 | ) | (482,386 | ) | (2,810,359 | ) | (2,471,034 | ) | |||||||||
1 Gross margin is based on a blend of both equipment and installation revenue.
Revenue for the third quarter of 2025 was
Gross margin in the third quarter of fiscal 2025 was
The Company's operating expenses for the third quarter of fiscal 2025 were
Net loss for the third quarter of fiscal 2025 was
CONFERENCE CALL DETAILS:
| DATE: | Friday, August 22, 2025 |
| TIME: | 11:00 AM ET (8:00 AM PT) |
| WEBINAR: | Legend Power Q3 Fiscal 2025 Financial Results Investor Webinar (via Zoom) |
| REPLAY: | Available at: https://legendpower.com |
About Legend Power Systems Inc.
Legend Power Systems Inc. (https://legendpower.com/) 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 also a key contributor to both corporate sustainability efforts and the meeting of utility energy efficiency targets.
About SmartGATE
SmartGATE is a turnkey solution that identifies and resolves inefficiencies in commercial electrical systems, enhancing energy performance while reducing costs and emissions. The SmartGATE active energy management system installs after the meter in line with your switchgear. Using our patented technology, we extract a percentage of the load, convert and analyze it, rebuild the waveform, and then inject it back into your system. This provides full voltage regulation (+/-
For further information, please contact:
Jonathan Lansky, Director
+1 416 417 7664
lansky.j@icloud.com
Sean Peasgood, Investor Relations
+ 1 647 503 1054
sean@sophiccapital.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company's quarterly and annual Management's Discussion & Analysis, which may be viewed on SEDAR+ at www.sedarplus.ca. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results to not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263396
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