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Legend Power Systems (TSE:LPS)
:LPS
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 28, 2019
|% Change Since: 22.22%
|Next Earnings Date:Aug 23, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a strong overall performance with record-breaking sales bookings, improved margins, and significant government contracts. However, challenges remain in the timely closure of deals and managing the complexity of the sales process. The company is on a positive trajectory with a substantial sales pipeline and increased production capacity.Company Guidance
During the Q3 2024 earnings call, Legend Power Systems provided insightful guidance, highlighting several key metrics and achievements. Notably, the company achieved a revenue of $1.04 million for the quarter, a significant increase from $470,000 in the same period last year. The gross margin improved to 50% from 22% in Q3 of fiscal 2023, showcasing effective cost management and factory utilization. Additionally, the company's backlog grew, with deferred revenue reaching $524,000 compared to $210,000 at the end of the previous fiscal year. Legend Power Systems reported a cash reserve of $806,000, no debt, and $1.5 million in working capital. The sales team secured major deals, including record-breaking bookings of approximately $3 million, surpassing prior records set in Q2. The company is optimistic about its future, with a robust pipeline of 17 deals worth over $7 million and significant growth potential, including projects with the City of New York and the U.S. Department of Defense. The management expressed confidence in maintaining strong margins and cash flow, driven by strategic initiatives and successful customer engagements.Record Sales Bookings
Legend Power Systems achieved back-to-back record sales bookings in Q2 and Q3, with Q3 reaching about $3 million, surpassing previous records. Year-to-date bookings are the highest in Legend's history.
Improved Margins
Gross margin for Q3 increased to 50% compared to 22% in Q3 fiscal '23, indicating significant improvement in cost management and factory utilization.
Major Government Contracts
Secured significant orders with the U.S. Department of Defense, City of New York, and other government agencies, which can potentially transform the company with multiyear, multimillion-dollar contracts.
Financial Stability
Ended the quarter with $806,000 in cash, no debt, and $1.5 million in working capital. Efforts to reduce operating costs and improve cash flow have been successful.
Increased Production Capacity
Production capacity doubled from 4 to 8 systems per month, with the potential to increase to 16 systems with an additional shift, without further capital expenditure.
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TSE:LPS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:LPS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 20, 2024 | C$0.18 | C$0.19 | +5.56% |
| Aug 22, 2024 | C$0.20 | C$0.22 | +10.00% |
| May 23, 2024 | C$0.17 | C$0.18 | +5.88% |
| Feb 23, 2024 | C$0.10 | C$0.12 | +20.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Legend Power Systems (TSE:LPS) report earnings?
Legend Power Systems (TSE:LPS) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Legend Power Systems (TSE:LPS) earnings time?
Legend Power Systems (TSE:LPS) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:LPS EPS forecast?
Currently, no data Available
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