PyroGenesis Inc T.PYR

Alternate Symbol(s): PYRGF

Industrials Technology

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. It provides engineering and manufacturing expertise, contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (including 3D printing), oil and gas, and environmental industries. Its products and services include plasma atomized metal powders, aluminum and zinc dross recovery, waste management, plasma torches, and innovation/custom process development. It offers PUREVAP, which is a high purity metallurgical grade silicon and solar grade silicon from quartz.

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PyroGenesis Inc > Current and projected revenues and liquidity concerns

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Comment by sorrensonon Nov 13, 2022 9:16pm

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Post# 35095600

RE:RE:Current and projected revenues and liquidity concerns

Of the 5 million revenue is a 3.6 million IP sale that has never been mentioned and why would they have a 1.3 private raise just weeks after supposedly selling 3.6 million in IP , Enquiring minds wnat to know

GrahamB wrote:

GrahamB wrote:
Hi all

Hope everyone had a nice weekend

Thanks to Science First for tipping me off to this company-it’s a puzzle

So as noted on SEDAR "PyroGenesis recorded revenue of $5,657,783 in the third quarter of 2022 (“Q3, 2022”), but ended up with a net loss of 4 million"

So the bull case is that there are future contracts of 26 million the company posts but promoters here are saying there are many more in the pipeline.

(So again the age old argument about looking forward vs the current facts)

To help solve the dilemma...

Interesting reading in the MD&A.

What does the company say?

Well on page 30 they state:

“The Company notes that until such time as it produces consistent recurring revenue or have continuous large-scale orders which would enable it to offer forward-looking guidance, it would not be prudent to provide an Outlook focused on financial numbers. As such the Outlook, will continue to be of a more descriptive nature, focusing on a combination of actual achievements combined with working opportunities.”

Meanwhile they also state the 26 million is :

“As of November 10, 2022, revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially satisfied) is $25,965,367. Revenue will be recognized as the Company satisfies its performance obligations under long-term contracts, which is expected to occur over a maximum period of approximately 3 years."

So 3 years…

But did anyone note the Current liabilities are that amount -and since current

Are we looking at a cash crunch?

And really are we comfortable looking forward and being confident about future revenue when the company explicitly says they aren't and even the 26 million due is over 3 years and matches CURRENt liabilities?

Are we looking at another cash raise?

Thoughts

New to this company and just an idiot independent investor
-all for entertainment-do your own due diligence and don't invest or not based on my idiotic posts

All quotes from SEDAR.com

Few typos there on voice dictation!

"as noted on SEDAR "PyroGenesis recorded revenue of $5,657,783 in the third quarter of 2022 (“Q3, 2022”)"

but ended up with a net loss of 4 million.

Posted earlier on the issue when we only look at revenues and forget to account for expenses -so in the end you spend more than you make like MC Hammer and end up going bust