Welcome to our dedicated page for Legend Pwr Sys news (Ticker: LPSIF), a resource for investors and traders seeking the latest updates and insights on Legend Pwr Sys stock.
Legend Pwr Sys Inc. (LPSIF) specializes in intelligent energy management solutions through its SmartGATE platform, optimizing electrical systems for commercial and public sector facilities. This dedicated news hub provides stakeholders with authoritative updates on financial developments, technological breakthroughs, and strategic initiatives.
Find verified press releases covering earnings announcements, facility deployments, government partnerships, and system upgrades. Our curated content enables investors to track LPSIF's progress in addressing power quality challenges and energy cost reduction across multiple sectors.
The resource features updates on SmartGATE implementation milestones, regulatory compliance achievements, and cross-industry collaborations. All content is structured to support analysis of the company's market position within the evolving energy optimization landscape.
Bookmark this page for immediate access to LPSIF's official communications and sector-specific analyses. Regular updates ensure continuous awareness of developments impacting energy efficiency investments and operational best practices.
Legend Power Systems reported its Q2 F2024 financial results, demonstrating an improvement in several key metrics compared to Q2 F2023. The company achieved a revenue increase to $124K from $74K, a 67% rise. The net loss decreased to $907K from $1.19M, and adjusted EBITDA loss improved to $811K from $1.04M. Gross margin turned positive to 46%, compared to the previous negative margin of 7%. Operating expenses dropped by 19% due to effective cost-cutting measures. As of March 31, 2024, Legend Power holds $515K in cash, $1.9M in working capital, and no debt. Operationally, the company has made significant strides with US Federal Government and NYC projects, and continues to build a strong sales pipeline.
Legend Power Systems (LPSIF) has announced the release of its Q2 2024 financial results for the period ending March 31, 2024. The results will be made public before market opening on Friday, May 24, 2024. Additionally, the company will hold a webinar on the same day at 11:00 AM ET (8:00 AM PT) to provide a business update and discuss the financial results. The webinar, hosted by CEO Randy Buchamer, will be available for replay on the company's website.
Legend Power Systems (TSXV: LPS) announces the upgrade of the first Ontario School Board's SmartGATE technology, valued at $100,000 and co-funded by IESO incentives. This upgrade offers up to 40% coverage of costs and includes new features for increased energy savings, GHG emissions reductions, and power quality improvements. The decision to upgrade was driven by concerns over grid reliability and volatility, leading to discussions with other school boards for similar upgrades.
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