Pre market 🥰PyroGenesis Canada up 5.2% in US Pre-Market, Reports FY 2021 Record Revenue of $31.1 Million; Gross Margin 40% 07:16 AM EDT, 04/01/2022 (MT Newswires) -- PyroGenesis Canada Inc. (PYR.TO, PYR), a developer of advanced plasma processes and sustainable solutions to reduce greenhouse gases, overnight Thursday announced record revenues of $31.1 million, an increase of 75% from $17.77 year-over-year. The company recorded revenue of $6.8 million from the recent acquisition of Pyro Green-Gas, formerly "AirScience Technologies".
Gross margin profit was $12.43 million or 40% of revenue.
The comprehensive loss for 2021 of $38.43 million, compared to an income of $41.77 million, in 2020, a decrease of 192% year-over-year.
The company reported an all-time-high backlog of signed and/or awarded contracts of $47.7 million.