Pyrogenesis Canada Inc T.PYR

Current and projected revenues and liquidity concerns

[GrahamB]

Hi all

 

Hope everyone had a nice weekend

 

Thanks to Science First for tipping me off to this company-it’s a puzzle

 

So as noted on SEDAR "PyroGenesis  recorded  revenue  of  $5,657,783  in  the  third  quarter  of  2022  (“Q3,  2022”),  but ended up with a net loss of 4 million"
 

So the bull case is that there are future contracts of 26 million the company posts but promoters here are saying there are many more in the pipeline.

(So again the age old argument about looking forward vs the current facts)

To help solve the dilemma...

Interesting reading in the MD&A.

 

What does the company say?
 

Well on page 30 they state:
 

“The Company notes that until such time as it produces consistent recurring revenue or have continuous large-scale orders which would enable it to offer forward-looking guidance, it would not be prudent to provide an Outlook focused on financial numbers.  As  such  the  Outlook,  will  continue  to  be  of  a  more  descriptive  nature,  focusing  on  a  combination  of  actual achievements combined with working opportunities.”

 

Meanwhile they also state the 26 million is :

 

“As  of  November 10,  2022,  revenue  expected  to  be  recognized  in  the  future  related  to  performance  obligations  that  are unsatisfied  (or  partially  satisfied)  is  $25,965,367.  Revenue  will  be  recognized  as  the  Company  satisfies  its  performance obligations under long-term contracts, which is expected to occur over a maximum period of approximately 3 years."

 

So 3 years…
 

But did anyone note the Current liabilities are that amount -and since current

Are we looking at a cash crunch?

And really are we comfortable looking forward and being confident about future revenue when the company explicitly says they aren't and even the 26 million due is over 3 years and matches CURRENt liabilities?

Are we looking at another cash raise?

Thoughts

New to this company and just an idiot independent investor
-all for entertainment-do your own due diligence and don't invest or not based on my idiotic posts 

 

All quotes from SEDAR.com

[GrahamB]

  Few typos there on voice dictation! "as noted on SEDAR "PyroGenesis  recorded  revenue  of  $5,657,783  in  the  third  quarter  of  2022  (“Q3,  2022”)"  but ended up with a net loss of 4 million. Posted earlier on the issue when we only look at revenues and forget to account for expenses -so in the

[sorrenson]

Of  the 5 million revenue is a 3.6 million IP sale that has never been mentioned and why would they have a 1.3 private raise just weeks after supposedly selling 3.6 million in IP , Enquiring minds wnat to know

[therealmccoy]

enough already sorryson/ZapBOT..... everyone knows that you own zero shares in both PYR and HPQ..... and that you are just Zaphod (ZapFUD) incarnate..... come on you miserable old clown..... get a life..... do something useful with your time.....

[Vulture90]

This post has been removed in accordance with Community Policy

[Thinkbigsti69]

sorrenson go to bed!!!!

[raglo]

Thank you Graham, You are doing us long time investors a real service for pointing out to us what can be found on Sedar that we may not have seen for ourselves. It really gives us opportunities to keep accumulating shares at very attractive prices that may not otherwise have been possible.  True  future Growth companies all start out very small and  have one thing in common, a CEO

[sorrenson]

Gee that is such a sponaneous and truthful post. No one would imagine that that it is rediculous pumping.  You boss will be very pleased .   Clown

[Thinkbigsti69]

Happy to add more shares of PYR and HPQ

[tamaracktop]

If you aren't too busy buying shares of pyr and hpq tomorrow, maybe you can find the

[tamaracktop]

find the time to ask "Peter" why there isn't a single analyst covering the stock.

[Sidewindergo]

Loderock analysts cover Pyro.

[Tamaracktheflop]

[BCONTVentures]

Great post raglo, thanks for this (and completely agree). Long and Strong in PyroGenesis!

[GrahamB]

Hi all, Just folllowing up with this company. My analysis, identified liquidity concerns looks like they were validated by regulators Good on them to recognize and advise those putting in fresh capital  Sorry for longs Facts matter Understanding finacials, working capital, debt levels, and cash flows matter GLTA See ya when financials are available

[tamaracktop]

A reasonable assessment, for a change.  Facts seem irrelevant to most people here  2 weeks till the numbers.  You'll know if facts matter then

[ScienceFirst]

What else to expect from GrahamB other than doom and gloom, FUD. He's been like that on VPT board, without success though, for 12y now! The clown is here to plant a seed of doubt.  Nothing else.   Shorts seem desperate now! _______________   GrahamB - (3/2/2023 11:45:03 PM) RE:Current and projected revenues and liquidity concerns Hi all, Just