Legend Power loses $3.29-million in fiscal 2025

Executive Summary

• Legend Power Systems Inc. reported its financial results for the fourth quarter and full fiscal year ended September 30, 2025.
• The company reported a decrease in revenue for both the quarter and the full year compared to the prior fiscal year, alongside a reduction in net loss due to improved gross margins and cost-cutting measures.
• Operational highlights include continued progress in the U.S. General Services Administration Green Proving Ground program and active sales cycles with commercial real estate firms.

Key Details

• Q4 Fiscal 2025 Revenue: $690,284 (down from $705,335 in Q4 fiscal 2024).
• Full Year Fiscal 2025 Revenue: $1,680,052 (down from $1,872,973 in fiscal 2024).
• Q4 Fiscal 2025 Adjusted EBITDA: Loss of $514,444 (improved from a loss of $763,529 in Q4 fiscal 2024).
• Full Year Fiscal 2025 Adjusted EBITDA: Loss of $2,847,914 (improved from a loss of $2,938,539 in fiscal 2024).
• Q4 Fiscal 2025 Net Loss: $481,441 (improved from a net loss of $832,475 in Q4 fiscal 2024).
• Full Year Fiscal 2025 Net Loss: Not explicitly stated as a total, but Q4 net loss was $481,441.
• Q4 Fiscal 2025 Gross Margin: 25% (up from 21% in Q4 fiscal 2024).
• Full Year Fiscal 2025 Gross Margin: 23% (down from 38% in fiscal 2024).
• Q4 Fiscal 2025 Operating Expenses: $652,188 (down from $976,967 in Q4 fiscal 2024).
• Full Year Fiscal 2025 Operating Expenses: $3,670,725 (down from $4,014,333 in fiscal 2024).
• Operational Update: The Green Proving Ground program for the U.S. General Services Administration is proceeding well.
• Sales Pipeline: Legend Power Systems is engaged in active sales processes with several top commercial real estate firms, with over 196 buildings in active sales cycles for over 400 potential SmartGate units.
• Margin Drivers: Q4 margin increase attributed to higher average selling price of SmartGate units; Full year margin decrease attributed to inventory provisions, decreased average selling price, and increased average selling cost.
• Cost Reduction: Operating expense decreases driven by lower headcount, salaries, and consulting costs due to internal cost-cutting measures.

Notable Quotes

• "Alternative energy growth, increased problems with the grid and the insatiable demand for more power at higher cost ensure that Legend solutions have a huge marketplace," said Mr. Buchamer, CEO of Legend Power Systems.
• "With a proven technology, a growing pipeline and a clear path to strong revenue growth over the next three to five years, Legend Power Systems is poised to redefine the future of power optimization. For those invested in our journey, the future is extraordinarily bright, and the best is yet to come."