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Legend Power Systems Inc. reports developments tied to its commercial electrical system solutions and intelligent energy management platform. The company’s SmartGATE active power management system and SmartGATE Insights Power Impact Assessment are used for commercial buildings, where they address power quality, energy consumption, equipment life and power costs.
Recurring updates include quarterly and fiscal financial results, SmartGATE installations and commissioning activity, sales-channel partnerships, participation in building-technology evaluation programs, equity incentive grants and executive or corporate-secretary appointments.
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Legend Power Systems Inc. (TSXV:LPS) will present at the Planet MicroCap Showcase: VIRTUAL 2022 on December 7, 2022, at 8:00 AM ET. CEO Randy Buchamer will discuss the company's SmartGATE solutions, focusing on opportunities with commercial real estate operators and government agencies. He highlighted a strong sales pipeline and improved supply chain. Interested investors can register for the event online for live access and future webcasts. Legend Power specializes in energy management, promoting sustainability and efficiency.
Legend Power Systems Inc. reports Q3 F2022 financial results, revealing a revenue of $1.03 million, an increase from $343,000 in Q2 F2022 but down from $1.27 million in Q3 F2021. Adjusted EBITDA loss worsened to $1.24 million, up from $706,000 a year ago. Net loss also increased to $1.49 million from $946,000. The company reduced annual costs by $1 million and launched a new Partner Portal. Cash on hand is $4.68 million with no debt. Management plans to capitalize on a strong sales pipeline despite ongoing supply chain issues.