- Legend Power Systems Inc. (LPS) reported a significant revenue increase for Q2 F2025, reaching CAD 523,000, up from CAD 124,000 in Q2 F2024.
- The company's net loss for Q2 F2025 was CAD 940,000, a slight increase from the CAD 907,000 loss in the same period last year.
- Legend Power Systems secured key partnerships and new orders, including the City of New York Public School System's first SmartGATE order.
Legend Power Systems Inc. (TSXV: LPS) (OTCQB: LPSIF), a leader in commercial electrical systems solutions, has announced its financial results for Q2 F2025, highlighting a major increase in revenue to CAD 523,000, compared to CAD 124,000 in Q2 F2024. The increase in revenue is primarily attributed to the growth in sales of the SmartGATEâ„¢ systems, which enhance energy efficiency in commercial buildings.
Despite the revenue boost, Legend Power Systems reported a net loss of CAD 940,000 in Q2 F2025, slightly higher than the CAD 907,000 loss recorded in Q2 F2024. The company’s gross margin also improved to CAD 114,345 from CAD 56,771 in the prior year's quarter.
Operational highlights include a strategic partnership with Unity Electric, aimed at strengthening their market presence in New York City. Additionally, the company successfully launched its Voltage Adherence Risk metric, a diagnostic tool that addresses power quality issues, leading to an accelerated purchase order from a North American school district just three weeks after its introduction.
Legend Power Systems has also announced subsequent significant developments, such as receiving CAD 750,403 in outstanding trade receivables and securing an order for eight additional SmartGATE systems from a long-standing customer. The City of New York Public School System's first SmartGATE order aligns with its building electrification strategy, demonstrating the growing demand for Legend Power's innovative solutions in the education sector.
