$LPS.V

Earnings Flash (LPS.V) Legend Power Systems Reports Q2 Revenue C$546K Vs $523k a Year Ago; Net Loss $443k Vs $940k

Legend Power Systems Up 25% On $1.3 Million of Orders for 12 of its SmartGATE Systems

Legend Power Systems (LPS.V) shares were last seen up 25% after the company on Thursday said it received orders for 12 SmartGATE energy-management systems in in it fiscal second quarter, worth a total $1.3 million .The orders follow implementation of the company's "enhanced three-pronged strategy" intended to address customer evaluation of the broader financial impact of power conditions on commercial buildings.The orders include a combination of government-related expansion projects, reseller channel sales, and existing customer expansion opportunities, it said. Delivery timing is expected to occur over the current and upcoming quarters, it added.The company will release its fiscal second-quarter results on Friday.Shares of the company were last seen up $0.025 to $0.125 on the TSX Venture Exchange.Price: $0.13, Change: $+0.03, Percent Change: +25.00%