Strong Margins Yet The company Lost 4.6 million in 3 Months? Reviewing the financials again, and was struck by the Highlights on the PR noting “strong margins” and 5.7 million of revenue, compared to the actual loss posted by the company by review on detailed review of SEDAR
The Headlines announced: “PYROGENESIS ANNOUNCES Q3 2022 RESULTS: REVENUES $5.7M; GROSS MARGIN 73%; CURRENT BACKLOG OF SIGNED AND/OR AWARDED CONTRACTS $26M”
https://ir.pyrogenesis.com/news-releases/news-release-details/pyrogenesis-announces-q3-2022-results-revenues-57m-gross-margin
BUT The company actually Lost 4 million?
Yet the company went on to say….
“In Q3 we delivered another quarter of strong margins against a difficult logistical and inflationary environment for heavy-industry manufacturers and their customers. With our strong production margins firmly established, and our operational and sourcing approaches proven again as not just viable, but sustainable and secure, we can remain squarely focused on maturing the commercialization plan of the past two years,” said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis.
https://ir.pyrogenesis.com/news-releases/news-release-details/pyrogenesis-announces-q3-2022-results-revenues-57m-gross-margin
Yet the company reported a
Comprehensive (Loss) Income for Q3 2022 of $4,053,706 compared to a gain of $623,664, in Q3 2021, represents a decrease of 750% year-over-year.
This is like MC hammer who earned almost $70 Million but spent $73 million and went bankrupt.
Its what you take home or your net that matters-your liquidity and ability to keep the lights on.
Yes there is a story about future income-just like MC Hammer thought-but it isnt guaranteed and if your cash burn is massive ...how can you profit and survive?