Legend Power Systems Inc. (LPS) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Great. Good morning. Thanks, Mike. Welcome to Legend Power Systems Fiscal 2025 Q3 Investor Call. I'm Randy Buckemer, Legend's CEO. We're pleased to have you join us today to discuss our corporate progress and financial results for the third quarter of Fiscal 2025, which were the three months ended June 30th, 2025. Please note that certain statements in this call may be forward-looking in nature and These include statements involving known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied in our forward-looking statements. For more information about Legend Power's forward-looking statements and risk factors, please see our management discussion and analysis, which was filed on CDAR yesterday under the company profile at cdarplus.ca. I'm joined by Florence Tan, our CFO, and Mike Cioci, VP Sales and Marketing, and Paul Moffitt is on holidays during this call. Florence will provide a financial overview of the quarter. Mike will update you on the strong Gen3 solution market performance, customer acceptance, and the growing sales funnel. And the sales team has secured several outstanding partners. and are keen to grow their businesses with legend solutions. We've been frustrated with U.S. government flip-flops on programs and policy changes that have deferred significant orders. But I want to be absolutely clear today. We have not lost, nor do we expect to lose any U.S. government business. We have experienced delays, but we do expect good order flow. We've operated in a very tight cash environment for the last couple of years and Q3 was also a tight cash quarter. We continue to make the necessary expense and operational cost reduction changes for this environment. We continued to lower ...