Vancouver, British Columbia--(Newsfile Corp. - August 28, 2026) - 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 and nine months ended June 30, 2026 ("Q3 F2026"). The Company has also scheduled a conference call to provide a business update to discuss its Q3 F2026 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 www.sedarplus.ca. All dollar figures are quoted in Canadian dollars.
Q3 F2026 Highlights
- Adjusted EBITDA loss of $431 thousand versus a loss of $712 thousand in Q3 F2026
- Net loss of $525 thousand versus a loss of $838 thousand in Q3 F2026
"The third quarter of 2026 reinforced our view that Legend is entering an important stage of its commercial evolution," said Randy Buchamer, CEO of Legend Power Systems. "Customer engagement remains strong and our pipeline is at an all-time high as building owners increasingly evaluate SmartGATE not just for energy savings, but for power reliability, infrastructure protection and long-term capital risk. Preliminary measurement and verification data from the GSA evaluation being conducted with Oak Ridge National Laboratory, growing adoption of our CIRA and Voltage Adherence Risk tools, repeat customer orders, and an expanding partner network are all helping move opportunities forward. With the GSA Multiple Award Schedule now in place, another important procurement hurdle has been removed. Our focus is on converting this momentum into deployments and repeatable revenue as investment in energy infrastructure continues to grow."
Q3 F2026 Operational Highlights
- Following the first installation, initial reports from the Technology Proving Ground program for the United States General Services Administration (GSA) are positive and we expect to receive the final report by October of this year. GSA operates approximately 1,800 federally owned buildings.
- Secured orders for 12 SmartGATE systems across repeat customers, new customers and partner-led opportunities, demonstrating broader commercial traction.
- Awarded a U.S. GSA Multiple Award Schedule (MAS) contract, establishing a streamlined procurement pathway for eligible U.S. government customers.
- Advanced third-party validation with Oak Ridge National Laboratory, following installation of the first SmartGATE under the GSA Technology Proving Ground program.
Q3 F2026 Financial Highlights
Financial summary for the three and nine months ended June 30, 2026
|
| Three months ended June 30, |
|
| Nine months ended June 30, |
|
| (Cdn$, unless noted otherwise) |
| 2026 |
|
| 2025 |
|
| Change |
|
| 2026 |
|
| 2025 |
|
| Change |
|
| Revenue |
| 216,221 |
|
| 385,354 |
|
| (44)% |
|
| 1,014,929 |
|
| 989,768 |
|
| 3% |
|
| Cost of sales |
| (130,579 | ) |
| (292,290 | ) |
| (55)% |
|
| (604,682 | ) |
| (770,413 | ) |
| (22)% |
|
| Gross margin1 |
| 85,642 |
|
| 93,064 |
|
| (8)% |
|
| 410,247 |
|
| 219,355 |
|
| 87% |
|
| Gross margin %1 |
| 40% |
|
| 24% |
|
| |
|
| 40% |
|
| 22% |
|
| |
|
| Operating expenses |
| (608,445 | ) |
| (927,839 | ) |
| (34)% |
|
| (1,898,193 | ) |
| (3,018,537 | ) |
| (37)% |
|
| Net loss |
| (524,722 | ) |
| (837,615 | ) |
| 37% |
|
| (1,489,480 | ) |
| (2,810,359 | ) |
| (47)% |
|
| Adjusted EBITDA2 |
| (430,849 | ) |
| (711,517 | ) |
| 39% |
|
| (1,189,784 | ) |
| (2,333,470 | ) |
| (49)% |
|
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. |
- Revenue for the third quarter of 2026 was $216,221, compared with $385,354 in the same quarter of fiscal 2025. The higher revenue during Q3 of fiscal 2025 is primarily due to the fulfillment of additional SmartGATE units.
- Gross margin in the third quarter of fiscal 2026 was $85,642, compared with $93,064 in the same quarter of fiscal 2025. The increase in gross margin percentage, compared to prior quarter of this fiscal, was primarily due to a decrease in the average production cost of the SmartGATE units and improved factory utilization.
- The Company's operating expenses for the third quarter of fiscal 2026 were $608,445, compared with $927,839 in the same quarter of fiscal 2025. The primary cause for the decrease was lower headcount, salaries and consulting costs as a result of internal cost cutting measures.
- Adjusted EBITDA for the third quarter of fiscal 2026 was negative $430,849, compared with negative $711,517 in the same quarter of fiscal 2025.
- Net loss for the third quarter of fiscal 2026 was $524,722, compared with a net loss of $837,615 in the same quarter of fiscal 2025.
WEBINAR DETAILS:
About Legend Power Systems Inc.
Legend Power Systems Inc. (https://legendpower.com/) 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.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
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 www.sedarplus.ca. 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311921
© 2026 Canjex Publishing Ltd. All rights reserved.