pyr had received a draft contract from client Afrom report MONTREAL, Nov. 12, 2020
If signed, and successfully deployed, one might expect they would start a program to replace their fossil fuel burners with PyroGenesis’ plasma torches. Although nothing is certain, we are definitely on the right track with Client A.
how does the one torch bought by client A fit in all this ? one would expect they would rather be disclosing progress on the signing of the draft contract rather than to be bragging about the sale of one torch at a lower price than targeted.
are we missing something here ? is client A throwing us off track ? :)
from report MONTREAL, Nov. 12, 2020
Until recently, the business model was simply to sell torches (with an internal target of $3MM NPV per torch) with the recurring revenue derived from typical maintenance and spare parts contracts.
we sold one for 1.8 MM .a bit off the mark .should we be concerned about this discrepancy ?
still keeping the faith though
:)GLTA