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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.

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Legend Power Systems reports financial results for Q2 F2023, with revenue of $74k, adjusted EBITDA loss of $1.04m, and net loss of $1.19m. Cash at $1.5m, no debt, and $3.15m in working capital. Green Proving Ground program proceeding well. Several customers report $2 of maintenance savings for every $1 of energy savings. Sales activity strong with potential bookings of over $10m. SmartGATE deployed in key commercial real estate verticals. Channel sales team growing reseller and ESCO relationships. Planning for increased capacity underway. Revenue for Q2 2023 at $74k compared to $343k in Q2 2022. Gross margin negative 7% compared to 17% in Q2 2022. Adjusted EBITDA loss of $1.04m compared to $1.32m loss in Q1 2022. Net loss of $1.19m compared to $1.48m loss in Q2 2022.
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Legend Power Systems Inc.

OTC:LPSIF

LPSIF Rankings

LPSIF Stock Data

9.96M
113.66M
15.24%
Electromedical and Electrotherapeutic Apparatus Manufacturing
Manufacturing
Link
Canada
Vancouver