RE:Reflective of the stock Xebec had a backlog of $300 million before it went bankrupt. What's your point? Once Pyrogenesis' technology is proven, it will have a massively high backlog.
tamaracktop wrote: People here are debating whether the stock will meet continued listing requirements.
3 years ago today the stock closed at .36 US.
Here's an excerpt of management's comments in the 3rd quarter 2020 release
"The 492% increase in backlog to $29.5MM at the end of Q3, from $6MM at the end of Q2, signals the beginning of the long-awaited breakout that we have been anticipating,” said Mr. P. Peter Pascali, President and CEO of PyroGenesis. “Separately, the $13.5MM US Navy Contract has also gained momentum in the second half of 2019, which we expect will also be added to the backlog soon. Notwithstanding some minor delays, 2019 is turning out to be all that we had expected it to be.”
The company's backlog is lower today.