very little chanceIn my opinion there is very little chance that they will get a large contract, by large I mean $10M.
Gross margin being +/- 30%, it means the cost for an order this large would require $7M to purchase, produce and ship.
Which they don’t have. Potential client knows that, it’s public information and I doubt they would give a large enough deposit, risking that PYR won’t be able to complete the order.
Bank won’t lend them money, they couldn’t even pay the interest portion.
Keep in mind that their breakeven is around $110M per year, so even with 11 of these $10M orders they still wouldn’t make profit.