Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s): PYRGF

Industrials Technology

PyroGenesis Canada Inc. is a Canada-based high-tech company. It is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases. It offers patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. Its products and services include Plasma Atomized Metal Powders, Aluminum and Zinc Dross Recovery (DROSRITE), waste management, plasma torches, and Innovation/Custom Process Development. It also operates PUREVAP NSiR, which is a proprietary process that can use different purities of silicon as feedstock to make a range of spherical silicon nano- and micro-powders and wires, for use across various applications. Its products and services are commercialized to customers operating in a range of industries, including the defense, metallurgical, mining, advanced materials, oil & gas, and environmental industries.

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Pyrogenesis Canada Inc > Numbers Game?

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Comment by gojotv!on Jun 08, 2021 7:09am

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Post# 33346229

RE:RE:RE:RE:Numbers Game?

Oh, sorry, that calculation is based on $7M clear profit.
At $5M, the PPS is $0.03
Still, I don't know the profit margin on Drosrite.
Do we anticipate more or less than $5M?

gojotv! wrote: What's the profit margin on this contract? Because, the way I calculate it, if PYR clears $5M net profit, that's $0.042/share...
Which is well costed into the share price already.

campst wrote: This arrangement is one reason I have stayed away from PYR - admittedly to my detriment.

claudemc wrote:
Ok, I'll bite, it was already disclosed that DI is a subsidiary of Pyrogenesis, so no need for "concerns" about where the money is going, it's all going in the Pyro coffers.

On October 9, 2019, PyroGenesis announced that the business line behind a $20 million contract, plus subsequent years revenue, is DROSRITE, and the client is Drosrite International LLC (“Drosrite International”), a US-based private company. However, Drosrite International is, on an accounting basis, a subsidiary of the Company and not a client, as under applicable accounting standards the Company is considered to effectively control Drosrite International. The sole director, officer and shareholder of Drosrite International is Alex Pascali, an employee of the Company and the son of P. Peter Pascali, Chief Executive Officer of the Company.

Registration documents

stay safe!

mjh9413 wrote:

Well, the numbers (systems sold, being delivered, etc., and $$'s revenue) seem to balance using the 3 NR's below. My only wonder is how much Peter and his DI take out of the $10-$15Mm from this new contract, and how many opportunities there might be.

Today: PYR has received a Letter of Intent (LOI) from an existing client, to purchase three 10-ton DROSRITE™ systems. The contract, if finalized, is expected to be in the range of $10-15 Million. As a result of an existing client’s decision to expand its aluminum processing facilities, a need to process an additional 30 tons of dross is anticipated. At this stage three 10-ton DROSRITE™ systems are projected to be needed, but this may change to a combination of 5-ton and 10-ton DROSRITE™ systems.“Aside from the three systems disclosed today, PyroGenesis now has eleven (11) commercial Drosrite™ systems either in full operation, delivered or in the process of being delivered,” added Mr. Pascali. “Once all eleven systems are in operation, the Company expects to benefit from a recurring revenue stream, from spare sparts alone, in excess of $4 Million per year.”
The 11/2020 NR seems to confirm the $$ amounts likely to come from new contract:
"Before shipping, PyroGenesis is expected to receive an additional ~$2.6MM from DI (representing total receipt from DI to date of over $10MM under the previously disclosed +$25MM DROSRITE™ contract to deliver five (5) 5,000 TPY DROSRITE™ Systems, plus two (2) 10,000 TPY DROSRITE™ Systems." (PYR was to get $15MM out of the $25 to DI.)

The 09/2020 NR seems to confirm the point in today's NR on numbers of units out there.
"Since announcing several years ago our intention to enter this marketplace, we have (i) sold the first system for $600K, (ii) sold the second system to the same client for $1.02MM, (iii) sold 2 systems to a subsequent client, iv) the technology was used for a 7 system order for over $20MM, (v) developed a tolling strategy, and (vi) partnered with a Japanese multi-billion dollar trading house to accelerate that very same strategy."