RE:RE:RE:RE:If anyone here has a real motive..Mostlyserious and BCONT, I really enjoyed your posts as the combination drives my thoughts. Pyro has continued to chug along, but Pyro was scaled up in anticipation of more rapid growth rather than the revenue stagnation and slow burning of assets we’ve witnessed. Momentum tanked in all capital intensive industries as interest rates rose, and Pyro’s investor base has certainly lost interest based on the last couple capital raises and trading volume.
Pyros tech should be its saving grace, but Drosrite won’t be racing off the shelves as capital costs increase, pelletization upgrades outside Rio appear unappetizing at best, and, for some reason, the most capitally-flexible titanium powder is still not fully qualified. If Pyro was working through the stagnant period by maintaining a $30+ million backlog and borderline profitability that’d be one thing, but results do matter and we’ve seen a degradation while competing companies and technologies ostensibly have time to try to catch up.
I believe Pyro is at an inflection point from now through Q3 2024 when we should have Rio’s pelletization news and a scaled-up fumed silica reactor. Pyros has a lot of irons in the fire and a moat of formidable tech, but needs to stay afloat until something hits. The FSR numbers are so good that any financial concerns should end shortly after successful testing of a commercial unit, and there is light at the end of the tunnel on central bank fights against inflation. However, the additive powder numbers were also ridiculously good, and it’s up to Pyro and Peter to turn this ship of marvelous things into the reliable growth business it has the potential to become.