Report on Market OutlookQuick read on Additive Manufacturing outlook to 2023, unfortunately the article doesn't mention PYR. It does mention Arcam... which is using PYR tech. Every other player in the game is mentioned including Tekna. The date is Nov. 2017, so tough to count PYR as a market participant considering it had just completed ramp up.
https://www.digitaljournal.com/pr/3693606
As for my other thoughts.....
Waiting on R&D companies can be frustrating for sure, but that is the nature of R&D. They are a bit of a buy and forget. Find good management, proprietary technology, and wait. Many will fail but some will succeed and if you've taken calculated risks a couple will pay off and that is all you need. With R&D think of one three year business plan as one quater... helps to put it in perspective. Based on that perspective PYR is just in its 3rd quater since going public. Add in its business plan involved a revamp from selling powder plants to building powder plants and selling powder, they are right on track.
Microsoft became a company in 75 and first contract with IBM in 81. (I'm not saying PYR is the next microsoft but just an example of how successful companies take time). PYR has been around for 30 years which lends credibilty, and yes its on the Venture which is full of big promise companies, but PYR has some unique credibility many others do not.
Be patient and let the management and the engineering team at PYR do what they do. You have to put a lot of trust in what management is saying and I believe they are doing a good job at keeping NR's frequent and providing what details they can. Their fist obligation is not really to keep us updated on every little detail, their priority are customers and growing the company. If a customer wants an NDA then they can't talk about what they are doing. Not to mention the competition wants to know what they are doing, and likely won't welcome PYR to the market with open arms. If competitors could put PYR out of the game they would. So the release of information is a balance between, competition, customers and keeping shareholder informed. Naturally the first two trump the third. The blue chip companies give you information every 3 months and a transcript of managements discussion, they have it easy as far as investor relations. PYR typically releases every 7-14 days... consider all that is going on and the effort that is going into NR's. It may seem that information is being regurgitated at times but not everyone has been here for 2 or 7 years. Sometimes its about generating new investors and customers. Consolidation, down trend or up trend.... none of it matters if you are confident in your long term choice, yes things change and you need to stay on top of developments. If you aren't confident perhaps more reading and research is needed. Perhaps you decide to sell and that is your choice, everyone has different tolerance levels and time horizons.
I can guarantee they are working hard to bring this to fruition and I wonder when it happens how many will send letters, emails or a card thanking those for the work that was put in... likely few. Yes we've invested money and we have worked hard for that money but truly we are looking for our money to grow passively, which means others put in the elbow grease to make it grow.
We are too quick to judge and lash out when a viewpoint is different than our own. Just my thoughts for the evening. I liked the outlook on the futuer of additive manufacturing. The rest was a bit of a tangent considering today's posts.