Legend Power Announces Results For First Quarter 2017 - Seite 2

			Three-months ended December 31
(Canadian dollars)			2016			2015			Change
	Revenue		644,847			533,387			20.9	%
	Cost of sales		369,688			392,161			(5.7	)%
	Gross margin2		275,159			141,226			94.8	%
	Gross margin %		42.7	%		26.5	%		16.2	%
	Operating expenses		748,947			671,597			11.5	%
	Operating expenses as % of sales		116.1	%		125.9	%		(9.8	)%
	Adjusted EBITDA3		(345,714	)		(372,941	)		7.3	%
	Net (loss)4		(477,755	)		(530,130	)		(9.9	)%

² Gross margin is based on a blend of both equipment and installation revenue.