Legend Power Systems Reports Q1 F2024 Financial Results
Legend Power Systems Reports Q1 F2024 Financial Results
Conference Call Scheduled for February 23, 2024 at 11am EST
電話會議定於美國東部標準時間2024年2月23日上午11點舉行
Vancouver, British Columbia--(Newsfile Corp. - February 23, 2024) - 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 December 31, 2023 ("Q1 F2024"). The Company has also scheduled a conference call to provide a business update to discuss its Q1 F2024 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.,2024 年 2 月 23 日)— Legend Power Systems Inc.(TSXV:LPS)(OTCQB:LPSIF)(”傳奇力量“或者”公司“)是商用電氣系統解決方案領域的全球領導者,報告了截至2023年12月31日的三個月的財務業績(”Q1 F2024“)。該公司還計劃於今天美國東部時間上午11點(太平洋時間上午8點)舉行電話會議,提供業務最新情況,討論其第一季度的 F2024 財務業績(詳情見下文)。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。
Q1 F2024 Highlights
F2024 第一季度亮點
- Revenue of $1,548 versus $403 thousand in Q1 F2023
- Adjusted EBITDA loss of $964 thousand versus a $850 thousand loss in Q1 F2023
- Net loss of $1.08 million versus a $1.01 million loss in Q1 F2023
- Cash of $1.4 million, no debt, and $2.8 million in working capital at December 31, 2023
- 收入爲1,548美元,而第一季度 F2023 的收入爲40.3萬美元
- 調整後的息稅折舊攤銷前利潤虧損爲96.4萬美元,而第一季度的虧損爲85萬美元 F2023
- 淨虧損爲108萬美元,而 F2023 第一季度的虧損爲101萬美元
- 截至2023年12月31日,現金爲140萬美元,無債務,營運資金爲280萬美元
"While deals have taken longer to close than initially thought, we continue to advance all deals that have previously been communicated and have not lost a single opportunity," said Randy Buchamer, Legend Power Systems CEO. "As we work to close deals, our pipeline continues to grow. We are managing our cash carefully and expect to receive deposits that will help with working capital going forward. I look forward to being able to update investors as these deals are finalized in the coming quarters."
Legend Power Systems首席執行官蘭迪·布查默表示:“儘管交易完成的時間比最初想象的要長,但我們將繼續推進所有先前溝通的交易,沒有失去任何機會。”“隨着我們努力達成交易,我們的渠道持續增長。我們正在謹慎管理現金,並期望收到存款,這將有助於未來的營運資金。隨着這些交易在未來幾個季度敲定,我期待能夠向投資者通報最新情況。”
Q1 F2024 Operational Highlights
Q1 F2024 運營亮點
- Twelve systems are scheduled to be delivered over the next four months. The systems will provide about $1.1 million to cash.
- 計劃在未來四個月內交付十二套系統。這些系統將提供約110萬美元的現金。
- Green Proving Ground program for the United States General Services Administration, which operates approximately 1,800 federally owned buildings is proceeding well. Building upon key milestones achieved in the prior year, the deployment and evaluation schedule continues to progress. Two initial sites have been selected, and the shipment of the first unit is expected in the next few weeks.
- 美國總務管理局的綠色試驗場計劃正在順利進行,該計劃運營着大約1,800座聯邦政府擁有的建築物。在上一年取得的關鍵里程碑的基礎上,部署和評估計劃繼續取得進展。已經選擇了兩個初始地點,預計將在未來幾周內交付第一批設備。
- Progress continues with the City of New York's Department of Citywide Administrative Services (DCAS) IDEA program. Recall that DCAS finalized the City of New York schools specification for new builds and new renovations to have Active Power Management. Currently there are over 30 active RFP's that we are responding to, which is leading to an influx of inquiries about SmartGATE pricing and install capabilities.
- 紐約市全市行政服務部(DCAS)IDEA計劃繼續取得進展。回想一下,DCAS最終確定了紐約市學校關於新建築和新裝修以實現主動電源管理的規範。目前,我們正在回覆30多份活躍的RFP,這導致了有關SmartGate定價和安裝能力的詢問大量湧入。
- The pipeline remains very strong with opportunities into government and commercial real estate including residential, hospitality, big box retail and commercial office. Currently Legend Power Systems is engaged in active sales processes with several of the top firms in the Commercial Real Estate space, with large building portfolios.
- 該渠道仍然非常強勁,有機會進入政府和商業地產,包括住宅、酒店、大型零售和商業辦公。目前,Legend Power Systems正在與商業房地產領域的幾家頂級公司進行活躍的銷售流程,這些公司擁有龐大的建築投資組合。
Q1 F2024 Financial Highlights
Q1 F2024 財務要聞
Financial summary for the three months ended December 31, 2023 and 2022
截至2023年12月31日和2022年12月31日的三個月的財務摘要
Three months ended December 31, | |||
(Cdn$, unless noted otherwise) | 2023 | 2022 | Change |
Revenue | 1,548 | 402,663 | (100)% |
Cost of sales | 22,664 | 301,952 | (92)% |
Gross margin1 | (21,116) | 100,711 | (121)% |
Gross margin %1 | (1364)% | 25% | (1389)% |
Operating expenses | (1,069,588) | (1,112,997) | (4)% |
Adjusted EBITDA2 | (963,612) | (849,577) | 13% |
Net loss | (1,081,490) | (1,005,515) | 8% |
截至12月31日的三個月 | |||
(加元,除非另有說明) | 2023 | 2022 | 改變 |
收入 | 1,548 | 402,663 | (100)% |
銷售成本 | 22,664 | 301,952 | (92)% |
毛利率1 | (21,116) | 100,711 | (121)% |
毛利率%1 | (1364)% | 25% | (1389)% |
運營費用 | (1,069,588) | (1,112,997) | (4)% |
調整後 EBITDA2 | (963,612) | (849,577) | 13% |
淨虧損 | (1,081,490) | (1,005,515) | 8% |
1 Gross margin is based on a blend of both equipment and installation revenue.
2 Adjusted EBITDA is a non-IFRS financial measure. See EBITDA Reconciliation for details.
1 毛利率基於設備和安裝收入的組合。
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,請參閱息稅折舊攤銷前利潤對賬。
Revenue for the first quarter of 2024 was $1,548 compared with $402,663 in the same quarter of fiscal 2023. The lower revenue during Q1 of fiscal 2024 was primarily due to production scheduling as order fulfillment of SmartGATE units are expected over the next quarters.
2024年第一季度的收入爲1,548美元,而2023財年同期的收入爲402,663美元。2024財年第一季度收入減少的主要原因是計劃生產,因爲SmartGate機組的訂單預計將在未來幾個季度完成。
Gross margin in the first quarter of fiscal 2024 was negative $21,116, compared with $100,711 in same quarter of fiscal 2023. Negative margins were the result of allocated fixed costs incurred.
2024財年第一季度的毛利率爲負21,116美元,而2023財年同期的毛利率爲100,711美元。負利潤率是分配的固定成本造成的。
The Company's operating expenses for the first quarter of fiscal 2024 were $1,069,588, down from $1,112,997 in the same quarter of fiscal 2023. The primary cause for the decrease was lower salaries and consulting costs as a result of internal cost cutting measures.
該公司在2024財年第一季度的運營支出爲1,069,588美元,低於2023財年同期的1,112,997美元。下降的主要原因是內部削減成本措施導致的工資和諮詢成本降低。
Adjusted EBITDA for the first quarter of fiscal 2024 was negative $963,612, compared with negative $849,577 in same quarter of fiscal 2023.
2024財年第一季度調整後的息稅折舊攤銷前利潤爲負963,612美元,而2023財年同期爲負849,577美元。
Net loss for the first quarter of fiscal 2024 was $1,081,490, compared with a net loss of $1,005,515 in the same quarter of fiscal 2023. Decrease in gross margins and decreased operating costs in Q1 of fiscal 2024 compared with the same quarter of fiscal 2023 resulted in a higher net loss.
2024財年第一季度的淨虧損爲1,081,490美元,而2023財年同期的淨虧損爲1,005,515美元。與2023財年同期相比,2024財年第一季度的毛利率下降和運營成本的下降導致淨虧損增加。
CONFERENCE CALL DETAILS:
電話會議詳情:
DATE: Friday, February 23, 2024
TIME: 11:00 AM ET (8:00 AM PT)
WEBINAR: Legend Power Q1 Fiscal 2024 Financial Results Investor Webinar (via Zoom)
日期: 2024年2月23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 2024財年第一季度財務業績投資者網絡研討會(通過Zoom)
REPLAY: Available at:
重播: 可在以下網址獲得:
About Legend Power Systems Inc.
關於傳奇動力系統公司
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,導演
+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。
譯文內容由第三人軟體翻譯。