Legend Power Systems Q3 revenue falls 44% on fewer SmartGATE unit fulfillments

Legend Power Systems

28/08/2026 12:10

Overview
Canada energy management firm's Q3 revenue fell 44% yr/yr due to fewer SmartGATE unit fulfillments
Net loss and adjusted EBITDA loss narrowed from prior year on cost reductions
Company secured new orders and advanced U.S. government contract opportunities

Outlook
Legend Power did not provide specific financial guidance for upcoming quarters or the full year

Result Drivers
PRODUCTION COSTS - Co said improved gross margin percentage was due to lower average production cost of SmartGATE units and better factory utilization
COST CUTTING - Co attributed lower operating expenses to reduced headcount, salaries and consulting costs from internal cost cutting measures

Company press release: ID:nNFC3sVNYd

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Loss
 
C$525,000
 
Q3 Adjusted EBITDA
 
-C$431,000
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)