Post by
BIGMOE on Oct 27, 2023 9:22pm
Backlog $37 Million Pyro
Pyro I estimate has about $37 million in backlog to date. Assuming they have $6 million in revenue for Q3, we still have a $31 million backlog.
The share price should recover with a new contract signed. A big contract for Pyro Green Gas for around $13 million should be announced and even a Torch contract from Client B.
The main issue that Pyro does not have any major "debt".
Comment by
tamaracktop on Oct 27, 2023 9:32pm
Revenues will be in the area of $3 million, give or take $200,000.
Comment by
BIGMOE on Oct 27, 2023 11:36pm
Sure you can predict revenue of $3 million but I think it will be around $6 million due to the delivery of Titanium powder. At least you did not dispute the revenue backlog of $37 million. Bonus point that Pyro has debt below $ 500k It's a matter of time before the shares go up
Comment by
tamaracktop on Oct 27, 2023 11:09pm
Maybe you didn't intend it, but your reasoning implies PyroGenesis didn't sign any new business during the quarter. Not debatable, and not far from the facts.
Comment by
GrahamB on Oct 27, 2023 11:34pm
Where you say no major debt- are you aware of the liabilities on the balance sheet totalling 25,610,063 in the MRQ on sedar? What about the facts accounts receivables have been stagnant and written off many times?
Comment by
MrForthright on Oct 27, 2023 11:42pm
Please define backlog. Based on the last quarter's financial statements this company burns $50,000 a day and margins are very low around 30%.
Comment by
Holdrrrr on Oct 27, 2023 11:47pm
Not sure where you get 50k a day, but you can start by subtracting 10k a day from that because of the great move to delist from Nasdaq.
Comment by
Holdrrrr on Oct 27, 2023 11:51pm
You jump back and forth hpq and here bashing? Lol time for a block
Comment by
tamaracktop on Oct 28, 2023 12:21am
That's very close to exactly. And part of that is Slippery's $450,000 annual salary, approved by "the board". About $2,200 per day, assuming he goes to work like most people. Thus company is a farce, and it won't last much longer. Peter is going to pay the Piper.