RE:Stairway to coverThinkbigsti69 wrote: Better cover shorter. LOL
4 likes for that? You've been saying the same thing for several dollars.
Management's comments, May 17th, 2021:
We are happy to be announcing that our Q1 2021 financial results continue to reflect the historical trend set early last year. The last several quarters saw PyroGenesis more than triple its backlog of signed contracts, reduce debt to basically zero, and recording over $25 million of cash on the balance sheet. All this, while graduating to the TSX, co-listing on the NASDAQ, and closing an oversubscribed bought deal of over $10 million,” said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. “Q1 2021 saw PyroGenesis post $6.3 million in revenues; over 7x that posted in same period 2020. Operations broke even after share-based compensation, costs associated with up-listings, as well as R&D expenses (Q1 2021: $286K vs $23K in same period last year) which were associated with developments in our additive manufacturing offering. The statistic I find most revealing in terms of what we have done in the past 12 months, and where we may be going, is the fact that we posted 40% more revenues in this quarter alone than we did for the entire year in 2019, a year that saw us post a net loss of over $9 million. We believe that the Company has never been better positioned and is well placed to build upon this trend for the foreseeable future.”