Pyrogenesis Canada Inc T.PYR

Notice they don't call it backlog anymore?

[tamaracktop]

Maybe they had their knuckles rapped, they've used the word loosely in quarterly reports:

As of April 1, 2024, revenue expected to be recognized in the future related to backlog of signed and/or awarded contracts is $28.8 million. Revenue will be recognized as the Company satisfies its performance obligations under long-term contracts, which are expected to occur over a maximum period of approximately 3 years"

[tamaracktop]

That's a pretty major qualification.  "Revenues expected to be realized" is their new way of phrasing it. Annual revenues dropped $6.7 million in 2023, from $19 million to $12.3 million. "Revenues expected to be realized" dropped $3.6 million in the twelve months ending April 1 2024. Think really hard big, you can figure it out I know you can!