A nothingburger The headline glamorizes the details:
The headline vs the details
PyroGenesis Signs Initial Order with Global Aerospace Firm for “Coarse Cut” Titanium Metal Powder for 3D Printing
" PyroGenesis...is pleased to announce that the Company has received a small signed order from a global aerospace firm (the “Client”). This order pertains to PyroGenesis’ plasma atomized titanium metal powders designed for 3D printing and is intended for one of the Client’s ongoing internal research and development programs. Unlike the recently announced contract for fine powder, this new order is for “coarse cut” metal powder, typically considered a by-product from the production runs that produce fine powders ranging from 20-45 µm (microns) in size.
The Client is the large global aerospace original equipment manufacturer (OEM) in the United States with whom the Company has previously disclosed our ongoing qualification process...."
What's the dollar amount involved ?
What is meant by "Initial order"? They can't presume another will follow. It might, but it's not a given.
The market will blow this off.