First off i want to say to the PYR team and whoever is in charge of writing and organizing that financials release, VERY WELL DONE.
It was organized really well and separated each business line into its own section which shows to the reader the magnitude of how many different opportunities and business lines are underway here and also helps us to read through each specific opportunity in each line and how everything is progressing.
This was the best annual financials write up yet.
Top notch work.
A couple of impressive highlights I noticed (others can add if they want)
- EPS of 28c. a Beat of ~20% on the expected 22-24c.
- Gross margin of 58%, an increase of 21% year over year
- $27 million cash-on-hand (as of this writing) (not sure if that should be 30mm now after warrants, plus 44 million in increased value in strategic assets (HPQ appreciation)
- DROSRITE: NEW INFO: The Company is currently bidding on an RFQ, valued at approx. $40MM (estimated award date: within 4 months; estimated time to completion: approx. 15 months)
- AM: "There are major top tier aerospace companies and OEMs in both Europe and North America eagerly awaiting powders from this new state of the art production line."
- TORCHES: TUNNELING: NEW INFO: PyroGenesis is currently re-evaluating its relationship with respect to this opportunity as there may be evidence that the real plasma-based tunnelling opportunity could lie outside of the scope of the current agreement.
- MnA activity possibly underway: "The Company expects to be announcing specific details over the next few weeks as these opportunities become more binding on the parties involved."
- NEW MARKET: NEW INFO: The Company expects to announce in the next several weeks details regarding its intent to enter the Renewable Natural Gas (RNG) market via acquisition. PyroGenesis believes that it is in a unique position to take advantage of the lack of sufficient players (given anticipated demand) in the RNG marketplace by leveraging its engineering capabilities & existing relationships.
- STRATEGIC INVESTMENTS: HPQ: The adjustment to the fair market value of strategic investments in 2020 resulted in a gain of $44,626,698 compared to a gain in the amount of $176,237 in 2019, representing an increase of $44,450,461. The increase is primarily attributable to the increased market share value of common shares and warrants owned by the Company of HPQ Silicon Resources Inc.
- The EBITDA in 2020 was $43,824,533 compared to an EBITDA loss of $7,384,862 for 2019, representing an increase of 693% year-over-year.
Those are the top 10 key points i noticed in the release. Others may want to chime in on significant items i may have missed. Theres a LOT to dissect for sure!