Legend Power Systems Inc. (LPS) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Legend Power Systems Fiscal Q3 2026 Investors Call. I'm Randy Buchamer, Legend Power's Chief Executive Officer. We appreciate you joining us today. We're going to discuss our corporate progress and financial results for the third quarter, which is a period covering the three months ended June 30th, 2026. Before we begin, please note that certain statements made during this call may be forward-looking in nature. These statements involve known and unknown risks Thank you for joining us today. Paul Moffat, our Chief Operating Officer and Acting CFO is on holiday, so I'll also cover the financial and operational portions of today's update. Obviously, there's quite a bit to discuss this quarter. We're excited because we believe we're starting to see several pieces of the strategy we've been working on for the past year come together. On our last few calls, we talked candidly about the commercial challenges we've experienced through fiscal 2025. The technology was performing, customers understood that Smartgate improved the electrical environment inside their buildings, and we continued to demonstrate energy savings. But we were encountering significant skepticism when customers tried to justify an investment based on energy savings alone. It caused deals to take longer, it caused some opportunities to stall, and it told us very clearly that we needed to do a better job of helping customers understand and quantify the much broader value SmartGate can deliver. So, we responded. Over the last several quarters, we've been repositioning SmartGate around the broader financial impact of the incoming electrical environment, which includes equipment reliability, maintenance and repair costs, asset life, operating costs, volatility, and premature capital replacement....