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Legend Power Systems Reports Q4 F2023 Financial Results

Legend Power Systems Reports Q4 F2023 Financial Results

Legend Power Systems 公佈第四季度財務業績 F2023
newsfile ·  2023/12/22 20:00

Conference Call Scheduled for 11am EST

電話會議定於美國東部標準時間上午11點舉行

Vancouver, British Columbia--(Newsfile Corp. - December 22, 2023) - Legend Power Systems Inc. (TSXV: LPS) (OTCQB: LPSIF) ("Legend Power" or the "Company"), a global leader in commercial electrical system solutions, reports its financial results for the three months ended September 30, 2023 ("Q4 F2023"). The Company has also scheduled a conference call to provide a business update to discuss its Q4 F2023 financial results today at 11:00 AM ET (8:00 AM PT) (details below). The call will be hosted by Randy Buchamer, President & Chief Executive Officer. A complete set of Financial Statements and Management's Discussion & Analysis has been filed at . All dollar figures are quoted in Canadian dollars.

不列顛哥倫比亞省溫哥華--(Newsfile Corp.,2023 年 12 月 22 日)-Legend Power Systems Inc.(TSXV:LPS)(OTCQB:LPSIF)(”傳奇力量“或者”公司“),商用電氣系統解決方案領域的全球領導者,公佈了截至2023年9月30日的三個月的財務業績(”Q4 F2023“)。該公司還計劃於美國東部時間今天上午 11:00(太平洋時間上午 8:00)舉行電話會議,提供業務最新情況,討論其 F2023 第四季度的財務業績(詳情如下)。電話會議將由總裁兼首席執行官蘭迪·布查默主持。一整套財務報表和管理層的討論與分析已提交至。所有美元數字均以加元報價。

Q4 F2023 Highlights

第四季度 F2023 亮點

  • Revenue of $159 thousand versus $579 thousand in Q4 F2022

  • Adjusted EBITDA loss of $926 thousand versus a $893 thousand loss in Q4 F2022

  • Net loss of $970 thousand versus a $1.09 million loss in Q4 F2022

  • Cash of $2.5 million, no debt, and $3.79 million in working capital at September 30, 2023

  • 收入爲15.9萬美元,而第四季度的收入爲57.9萬美元 F2022

  • 調整後的息稅折舊攤銷前利潤虧損爲92.6萬美元,而第四季度的虧損爲89.3萬美元 F2022

  • 淨虧損97萬美元,而第四季度的虧損爲109萬美元 F2022

  • 截至2023年9月30日,現金爲250萬美元,無債務,營運資金爲379萬美元

"Our focus this quarter remained around advancing sales opportunities and we currently have new late-stage large deals with very strong financial viability," said Randy Buchamer, Legend Power Systems CEO. "We have passed the critical stage of having to prove our solutions work. We have successfully completed technology evaluations in numerous markets, and we are focusing on helping partners and prospects develop deployment plans. We have many prospects deciding on where and how to deploy SmartGates and our order visibility is clearer and stronger than ever."

Legend Power Systems首席執行官蘭迪·布查默表示:“我們本季度的重點仍然是增加銷售機會,目前我們有新的後期大宗交易,財務可行性非常強。”“我們已經度過了必須證明我們的解決方案行之有效的關鍵階段。我們已經成功完成了多個市場的技術評估,我們專注於幫助合作伙伴和潛在客戶制定部署計劃。我們有許多潛在客戶決定在何處以及如何部署SmartGates,我們的訂單可見性比以往任何時候都更清晰、更強大。”

Q4 F2023 Operational Highlights

Q4 F2023 運營亮點

  • Green Proving Ground program for the United States General Services Administration, which operates approximately 1,800 federally owned buildings is proceeding well. The deployment and evaluation schedule is well under way. Two initial sites have been selected and installations are expected in 2024.

  • The Company's SmartGATE is deployed in several key Commercial Real Estate verticals such as Multi-family Residential, Hospitality, Big Box Retail and Commercial Office, accounting for roughly 50% of installed SmartGATE's. Additionally, Legend Power Systems is engaged in active sales processes with several of the top firms in the Commercial Real Estate space, with over 196 buildings in active sales cycles for over 400 plus potential SmartGATE's.

  • Preparation efforts continue for scaling production to handle increasing demand. Both local and international contractors have provided sub-assembly outsourcing proposals, and internally, plans have been established for increased product assembly and test capacity. Manufacturing Engineering and Production staff are undergoing reviews of existing procedures, documentation, and data collection requirements to further streamline production and error-proof the process. Significant improvements have been realized in material requirements planning, inventory management and production planning tools and processes.

  • 美國總務管理局的綠色試驗場項目進展順利,該局運營着大約1,800座聯邦所有的建築。部署和評估計劃正在順利進行中。已經選擇了兩個初步地點,預計將在2024年安裝。

  • 該公司的SmartGate部署在多個關鍵的商業房地產垂直領域,例如多戶住宅、酒店、大型零售和商業辦公室,約佔已安裝的SmartGate的50%。此外,Legend Power Systems還與商業房地產領域的幾家頂級公司積極開展銷售流程,有超過196棟建築處於活躍銷售週期,銷售額超過400座,還有潛在的SmartGate。

  • 擴大產量以應對不斷增長的需求的準備工作仍在繼續。本地和國際承包商都提供了分裝外包提案,內部已經制定了提高產品組裝和測試能力的計劃。製造工程和生產人員正在審查現有程序、文檔和數據收集要求,以進一步簡化生產並防止流程出錯。在物料需求計劃、庫存管理和生產計劃工具和流程方面取得了重大改進。

Q4 F2023 Financial Highlights

Q4 F2023 財務要聞

Financial summary for the three and nine months ended September 30, 2023 and 2022

截至2023年9月30日和2022年9月30日的三個月和九個月的財務摘要


Three months ended September 30, Years ended September 30,
(Cdn$, unless noted otherwise) 2023 2022 Change 2023 2022 Change
Revenue 159,114 578,828 (73)% 1,106,093 2,118,033 (48)%
Cost of sales 164,788 517,931 (68)% 911,912 1,913,680 (52)%
Gross margin1 (5,674) 60,897 (109)% 194,181 204,353 (5)%
Gross margin %1 (4)% 11% (15)% 18% 10% 8%
Operating expenses (1,001,073) (1,172,330) (15)% (4,430,493) (5,570,858) (20)%
Adjusted EBITDA2 (926,030) (893,159) 4% (3,695,371) (4,561,706) (19)%
Net loss (969,729) (1,091,099) (11)% (4,181,902) (5,346,171) (22)%

截至9月30日的三個月 截至9月30日的年份
(除非另有說明,否則加元$) 2023 2022 改變 2023 2022 改變
收入 159,114 578,828 (73)% 1,106,093 2,118,033 (48)%
銷售成本 164,788 517,931 (68)% 911,912 1,913,680 (52)%
毛利率1 (5,674) 60,897 (109)% 194,181 204,353 (5)%
毛利率%1 (4)% 11% (15)% 18% 10% 8%
運營開支 (1,001,073) (1,172,330) (15)% (4,430,493) (5,570,858) (20)%
調整後 EBITDA2 (926,030) (893,159) 4% (3,695,371) (4,561,706) (19)%
淨虧損 (969,729) (1,091,099) (11)% (4,181,902) (5,346,171) (22)%


1 Gross margin is based on a blend of both equipment and installation revenue.
2 Adjusted EBITDA is a non-IFRS financial measure. See EBDITA Reconciliation for details.


1 毛利率基於設備和安裝收入的混合。
2 調整後的息稅折舊攤銷前利潤是非國際財務報告準則的財務指標。有關詳細信息,請參閱 EBDITA 對賬。

Revenue for the fourth quarter of 2023 was $159,114 compared with $578,828 in the same quarter of fiscal 2022. The lower revenue during Q4 of fiscal 2023 was primarily due to a decrease in the number of completed installation of SmartGATE units. Revenue for the year ended September 30, 2023, was $1,106,093 down from $2,118,033 in fiscal 2022. The lower revenue in fiscal 2023 is due to a lower number of units sold; however, both deal size and average revenue per unit are increasing.

2023年第四季度的收入爲159,114美元,而2022財年同期爲578,828美元。2023財年第四季度收入減少的主要原因是SmartGate裝置的已完成安裝數量減少。截至2023年9月30日的財年,收入爲1106,093美元,低於2022財年的2,118,033美元。2023財年收入減少是由於銷售單位數量減少;但是,交易規模和平均單位收入都在增加。

Gross margin in the fourth quarter of fiscal 2023 was negative 4%, compared with 11% in the same quarter of fiscal 2022. Negative margins in Q4 of fiscal 2023, were the result of allocated fixed costs incurred. Gross margins normalized for these allocated fixed costs would've been 33%. Gross margin for the year ended September 30, 2023 was 18% compared to 10% in fiscal 2022. The increase in gross margin experienced in fiscal 2023 was due to an increase in average selling price of the SmartGATE units.

2023財年第四季度的毛利率爲負4%,而2022財年同期爲11%。2023財年第四季度的負利潤率是分配固定成本的結果。這些分配的固定成本的正常毛利率將爲33%。截至2023年9月30日的財年,毛利率爲18%,而2022財年的毛利率爲10%。2023財年毛利率的增加是由於SmartGate單元的平均銷售價格上漲。

The Company's operating expenses for the fourth quarter of fiscal 2023 were $1,001,073, down from $1,172,330 in the same quarter of fiscal 2022. Operating expenses for the year ended September 30, 2023 was $4,430,493 versus $5,570,858 in fiscal 2022. The primary cause for the decrease was lower salaries and consulting costs as a result of internal cost cutting measures.

該公司在2023財年第四季度的運營支出爲1,001,073美元,低於2022財年同期的1,172,330美元。截至2023年9月30日的財年,運營支出爲4,430,493美元,而2022財年的運營支出爲5,570,858美元。下降的主要原因是內部削減成本的措施導致的工資和諮詢成本降低。

Adjusted EBITDA for the fourth quarter of fiscal 2023 was negative $885,809, compared with negative $893,159 in the same quarter of fiscal 2022. For the year ended September 30, 2023, adjusted EBITDA was negative $3,655,150 compared to negative $4,561,706 in fiscal 2022.

2023財年第四季度調整後的息稅折舊攤銷前利潤爲負885,809美元,而2022財年同期爲負893,159美元。截至2023年9月30日的財年,調整後的息稅折舊攤銷前利潤爲負3,655,150美元,而2022財年的息稅折舊攤銷前利潤爲負4,561,706美元。

Net loss for the fourth quarter of fiscal 2023 was $969,729, compared with a net loss of $1,091,099 in the same quarter of fiscal 2022. Higher gross margin, and cost cutting measures taken resulted in a lower net loss year-over-year.

2023財年第四季度的淨虧損爲969,729美元,而2022財年同期的淨虧損爲1,091,099美元。更高的毛利率和採取的削減成本措施使淨虧損同比降低。

CONFERENCE CALL DETAILS:

電話會議詳情:

DATE: Friday, December 22, 2023
TIME: 11:00 AM ET (8:00 AM PT)
WEBINAR: Legend Power Fiscal 2023 Financial Results Investor Webinar (via Zoom)
REPLAY: Available at:
日期: 2023 年 12 月 22 日,星期五
時間: 美國東部時間上午 11:00(太平洋時間上午 8:00)
網絡研討會: Legend Power 2023 財年財務業績投資者網絡研討會(通過 Zoom)
重播: 可在以下網址獲得:

About Legend Power Systems Inc.

關於聯想動力系統公司

Legend Power Systems Inc. () provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance. Legend Power's proven solutions support proactive executive decision-making in a complex and volatile business and energy environment. The proprietary and patented system reduces total energy consumption and power costs, while also maximizing the life of electrical equipment. Legend Power's unique solution is also a key contributor to both corporate sustainability efforts and the meeting of utility energy efficiency targets.

Legend Power Systems Inc. () 提供智能能源管理平台,用於分析和改善建築能源挑戰,對資產管理和企業績效產生重大影響。Legend Power久經考驗的解決方案支持在複雜而動盪的商業和能源環境中做出積極的行政決策。專有的專利系統降低了總能耗和電力成本,同時還最大限度地延長了電氣設備的使用壽命。Legend Power的獨特解決方案也是企業可持續發展努力和實現公用事業能效目標的關鍵貢獻者。

For further information, please contact:

欲了解更多信息,請聯繫:

Jonathan Lansky, Director
+1 416 417 7664
lansky.j@icloud.com

喬納森·蘭斯基,董事
+1 416 417 7664
lansky.j@icloud.com

Sean Peasgood, Investor Relations
+ 1 647 503 1054
sean@sophiccapital.com

肖恩·皮斯古德,投資者關係
+ 1 647 503 1054
sean@sophiccapital.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

多倫多證券交易所風險交易所和加拿大投資行業監管組織均不對本新聞稿的充分性或準確性承擔責任。

Forward-Looking Statements

前瞻性陳述

This Press Release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company's quarterly and annual Management's Discussion & Analysis, which may be viewed on SEDAR+ at . Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results to not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law.

本新聞稿可能包含構成 “前瞻性信息” 的陳述,包括有關公司、其董事或高管對公司未來業務活動和經營業績的計劃、意圖、信念和當前預期的陳述。“可能”、“會”、“可以”、“將”、“打算”、“計劃”、“預期”、“相信”、“估計”、“期望” 等詞語以及與公司或其管理層相關的類似表述旨在識別此類前瞻性陳述。提醒投資者,任何此類前瞻性陳述都不能保證未來的業務活動或業績,涉及風險和不確定性,並且由於各種因素,公司的未來業務活動可能與前瞻性陳述中的活動存在重大差異。此類風險、不確定性和因素已在向加拿大證券監管機構提交的定期文件中進行了描述,包括公司的季度和年度管理層討論與分析,可在SEDAR+上查看,網址爲。如果其中一項或多項風險或不確定性得以實現,或者如果前瞻性陳述所依據的假設被證明不正確,則實際結果可能與本文所述的預期、計劃、預期、相信、估計或預期的結果存在重大差異。儘管公司試圖確定可能導致實際業績存在重大差異的重要風險、不確定性和因素,但可能還有其他風險因素、不確定性和因素導致業績與預期、估計或預期不符。除非適用法律的要求,否則公司不打算也不承擔任何義務更新這些前瞻性陳述。

To view the source version of this press release, please visit

要查看本新聞稿的源版本,請訪問

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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