Legend Pwr Sys Inc Stock Price, News & Analysis

Legend Power Systems (OTCQB: LPSIF), a commercial electrical system solutions provider, has applied to the TSX Venture Exchange to extend the term of 12,861,553 warrants from 24 to 36 months. The warrants, issued in two tranches on July 31 and August 22, 2023, have an exercise price of $0.25 and are currently set to expire in July and August 2025.

Company insiders hold 1,957,999 warrants, representing 15.22% of the total warrants under consideration for extension. The company will provide additional information once the Exchange makes its decision regarding the warrant term extension application.

Legend Power Systems has secured a follow-on order for four SmartGATE systems from an existing customer, surpassing 70 Gen3 units sold milestone. The customer will handle installation internally, leading to improved gross margins and faster cash collection. SmartGATE technology regulates voltage in commercial buildings to match design specifications, resulting in reduced operational disruptions and extended equipment life. The order demonstrates success in Legend's land-and-expand strategy, where customers typically start with small deployments before expanding across their portfolios based on demonstrated performance benefits. Previous installations have shown positive results, including reduced elevator entrapments and improved system stability.

Legend Power Systems (OTCQB: LPSIF) reported its Q2 F2025 financial results with revenue of $523K, up 323% from $124K in Q2 F2024. The company posted a net loss of $940K compared to $907K loss in the same period last year. Cash position stood at $224K with no debt and $874K in working capital as of March 31, 2025.

Key developments include a strategic partnership with Unity Electric for New York City operations, launch of their Voltage Adherence Risk metric, and securing orders from the City of New York Public School System. The company completed a second tranche of private placement raising $851K, bringing total financing to $1.6M. Post-quarter, Legend received $750K in outstanding receivables and secured a repeat order for eight SmartGATE systems.

Gross margin was $114K (22%) compared to $57K (46%) in Q2 F2024, with the margin decrease attributed to higher inventory costs and USD-denominated supplier payments.

Legend Power Systems (OTCQB: LPSIF), a global leader in commercial electrical system solutions, has scheduled its Q2 2025 financial results release for Friday, May 23, 2025, before market open. The results will cover the six-month period ended March 31, 2025.

The company will host a webinar on the same day at 11:00 AM ET (8:00 AM PT) featuring President and CEO Randy Buchamer, who will provide a business update and discuss the financial results. A replay of the webinar will be available on the company's website.

Legend Power Systems has secured a significant repeat purchase order for eight additional SmartGATE systems from a major commercial real estate organization. This fourth large-scale purchase brings the customer's total SmartGATE installations to over 50 systems in five years.

The order represents an expansion from a previous 10-system order to 18 systems, with installation now handled by the customer's preferred contractor. This change improves margins by excluding lower-margin installation services and enhances payment terms with increased upfront deposits from 25% to 50%.

The customer reports achieving over 15% ROI, reduced operating costs, and improved building performance through SmartGATE deployments. The technology optimizes incoming power conditions, enhances energy efficiency, and improves reliability of building systems including HVAC, elevators, and lighting.

What started as a two-system pilot has evolved into a portfolio-wide implementation, demonstrating SmartGATE's scalability and long-term impact in commercial real estate applications.

Legend Power Systems (TSXV: LPS) has secured its first customer purchase order for its new Voltage Adherence Risk measurement service within three weeks of its March 6 release. A North American school district, experiencing premature equipment failures, engaged with Legend Power after their SmartGATE Insights Power Impact Report revealed significant power quality issues - detecting 715 hours of moderate to severe risk during a 730-hour month.

The data-driven insights led to immediate contract execution for risk mitigation and system reliability improvement. The school district has expressed interest in reviewing additional schools. The SmartGATE Insights Power Impact Report tracks monthly hours of suboptimal voltage conditions, enabling informed decisions about energy management and system resilience. Legend Power is also retroactively adding this report to previous Power Impact Assessment reports and reviewing the new metric with existing customers.

Legend Power Systems (TSXV: LPS) has unveiled its new Voltage Adherence Risk measurement service to combat 'dirty power' in commercial buildings. The service is part of the SmartGATE Insights Power Impact Report, which quantifies and visualizes risks associated with voltage instability.

The innovative metric tracks how often building electrical systems experience various power conditions, from optimal to severe-risk. According to Mike Cioce, VP of Sales and Marketing, while utilities provide voltage within a 10% range (440V-520V for 480V service), most building equipment is designed for 465V with optimal performance within just 5V of that target.

The company highlights that dirty power, including voltage sags, surges, and harmonics, represents a $100 billion problem in North America. The SmartGATE solution aims to deliver regulated voltage profiles tailored to each building's needs, potentially eliminating power quality issues and generating cost savings.

Legend Power Systems reported Q1 F2025 financial results with revenue of $82,000, compared to $2,000 in Q1 F2024. The company posted a net loss of $1.03 million, slightly improved from $1.08 million loss in the same period last year. As of December 31, 2024, the company maintained $661,000 in cash, with no debt and $939,000 in working capital.

Key operational highlights include closing a first tranche non-broker private placement of $762,000, followed by a second tranche of $851,000 post-quarter, totaling $1.6 million. The company expanded collaborations with utilities and Energy Service Companies (ESCOs) and progressed in the Green Proving Ground program with the U.S. General Services Administration. Legend Power also signed a partnership with Unity Electric in New York City and engaged with a major North American Transport Agency for one of the United States' 10 largest airports.

Legend Power Systems (TSXV: LPS) (OTCQB: LPSIF), a global leader in commercial electrical system solutions, has announced the scheduled release of its Q1 2025 financial results for the period ended December 31, 2025. The results will be published before market open on Friday, February 21, 2025.

The company will host a webinar on the same day at 11:00 AM ET (8:00 AM PT) to discuss the financial results and provide a business update. The webinar will be led by Randy Buchamer, President and Chief Executive Officer. A replay of the webinar will be available on the company's website.