Vancouver, Canada, August 22, 2019 – Legend Power® Systems Inc. (TSXV: LPS), a global leader in onsite energy management technology, today reported its third quarter of fiscal 2019 financial results for the quarter ended June 30, 2019. A conference call to discuss the results is set for 4:30pm EST today (dial in details are below). A complete set of Financial Statements and Management’s Discussion & Analysis has been filed at www.sedar.com. All dollar figures are quoted in Canadian dollars.
Q3 F2019 Highlights
Financial summary for the three and nine months ended June 30, 2019
1. Certain components of previous year columns have been reclassified to conform with the presentation of fiscal 2019 periods.
Cash and Working Capital
We have more deals progressing through our sales funnel and they are notably larger than previous business. The cycle times to decision are longer due to more rigor in the NY customer buying process. Additionally, the time to installation and revenue recognition has much more variability – ranging from as little as 60 days to as much as 12 months in some cases. This is due to limited shutdown windows which extend our time to complete an installation and ultimately realize the related revenue.
Investor Conference Call
DATE: Thursday, August 22, 2019
About Legend Power® Systems Inc.
For further information, please contact:
Sean Peasgood, Investor Relations
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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