RE:PyroGenesis’ expectations The SG&A expenses minus the non-cash share based are close to the entire backlog. And starting the year with a working capital deficit they have quite a challenge on their hands in 2024.
Not quite evident from the piece that just talks about the (potential) top line.
Collection of that large AR will be the biggest transaction of 2024 IMO. Should happen within the next couple of months. And then they will still have to raise financing unless they get some large contracts with big upfront deposits.
The journey continues.