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Legend Power Systems Inc. (V:LPS)

Business Focus: Electrical Transmission & Grid Equipment

Sector:  Industrials Industry:  Heavy Electrical Equipment
 
Company Contact
Address: 1480 Frances Street,
VANCOUVER BC V5L 1Y9
Tel: N/A
Website: https://legendpower.com
IR: See website
Key People
Randy G. Buchamer
President, Chief Executive Officer, Director
Florence Tan
Chief Financial Officer, Corporate Secretary
Paul Moffat
Chief Operating Officer
Business Overview
Legend Power Systems Inc. is a Canada-based company, which provides an intelligent energy management platform. The Company's principal business activities are the assembly, marketing and sale of a patented device, the SmartGATE, which enables dynamic power management of an entire commercial or industrial building. The Company operates through two segments: Legend Power Systems Canada and Legend Power Systems Corp. - United States. It markets two complementary offerings: SmartGATE Insights Service and SmartGATE Platform. Its SmartGATE Insights Service measures the high impact attributes of electricity and then applies an array of industry-standard calculations to determine what effects the attributes are having on a building. Its SmartGATE Platform uses patented technology to correct the power issues uncovered by SmartGATE Insights. Its SmartGATE product is deployed in commercial real estate verticals such as multi-family residential, hospitality, big box retail and commercial office.
Financial Overview
For the three months ended 31 December 2023, Legend Power Systems Inc revenues decreased 100% to C$2K. Net loss increased 8% to C$1.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Warranty expense (recovery) increase from C$37K (income) to C$16K (expense), Foreign exchange loss (gain) increase from C$1K (income) to C$4K (expense).
Employees: 25 as of Sep 30, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $10.43M as of Dec 31, 2023
Annual revenue (TTM): $0.70M as of Dec 31, 2023
EBITDA (TTM): -$4.06M as of Dec 31, 2023
Net annual income (TTM): -$4.26M as of Dec 31, 2023
Free cash flow (TTM): -$2.96M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 131,694,417 as of Feb 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization