Legend Power Systems Inc. (LPS) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody. We're waiting for the few final people to pop into the conference, and we'll get started in just a few seconds. Everybody has joined the conference, so Randy, good to go. Thank you, Mike. Welcome to Legend Power Systems' physical 2025 year-end investor call. I'm Randy Buckemer, Legend's Chief Executive Officer. We're pleased to have you join us today to discuss our corporate progress and financial results for fiscal year 2025, which were the 12 months ending September 30th, 2025. Please note that certain statements in this column may be forward-looking in nature. They include statements involving known and unknown risks, uncertainties, and other factors that could cause actual results to differ maturely from those expressed or implied in our forward-looking statements. For more information about Legends forward-looking statements and risk factors, please see our management discussion analysis which was filed on CDAR yesterday under our company profile at cdarplus.ca. I'm joined today by Paul Moffitt, our Chief Operating Officer and Acting CFO, and Mike Ciocci, our VP Sales and Marketing. Paul will provide an update on the various operational units under his leadership. And Mike will discuss the extraordinary challenges affecting sales over the last year and his appropriate plans and tools that have been developed to minimize the challenges impact on sales going forward. We've operated obviously on a tight cash environment for the last couple of years and 2025 was also a tight cash year. We continue to make the necessary expense and operational cost reduction changes to keep our momentum going. including several leadership team members deferring salaries from September to January. In addition, the team members were paid back only 75% of the sa...