Pyrogenesis Canada Inc T.PYR

***Key Takeway: Minimum of 4x revenue growth in 2021!***

[LastZaz]

In reference to Peter's comments on that release today:

We have a backlog of $30M to be recorded as revenues in 2021... plus a conservative $60M of contracts to be signed in the next 6 months... maybe more. Assuming using percentage of completion accounting that half of that $60M is recorded in 2021 plus whatever else is signed in the remaining months of the fiscal year... the company is looking at over 4x its revenue in 2020. $30M backlog to be recorded in 2021 + $30M (half of the expected minimum pipeline) = $60M conservative estimate of 2021 revenues without accounting for any other additional contracts.

That means a minimum conservative estimate of 4X revenue growth year over year  *using conservative estimates*. As we had roughly $17M in revenue in 2020. 

The growth is literally exponential when using conservative estimates. Of course it is subject to percentage of completion accounting, but that revenue would move into the backlog in any case... Piece it together folks... Peter's excitement isn't just him pumping his tires... it's real business coming fast and furious. 

Shorters and bashers coming to the party after getting smoked in the last few months -  I don't blame you. But you'll be further wrong in time :) 

GLTA

[Thinkbigsti69]

That's exactly why the bashers and shorters are getting meaner by the minute, they know that their time is almost up. Time to cover suckers!

[canyousayiii]

You sure your math is correct? Going to $60M from $17M is not 4X revenue growth. It is about 3.5 times of the previous revenue, so wouldn't that be 2.5X revenue growth?

[RealistDontalkm]

Minimum of 65 mil contract that can be done within 12-18 months!! Plus the 34 mil backlog...that's basically over 100mil In estimate  

[canyousayiii]

Yes, for 18 months out. But I believe we were comparing one year to the next, like most financial analyst and MD&As do, and the discussion was based on assumption of how much of the backlog/pipeline would be recognized on the financial statements for the year.

[LastZaz]

If you want to nitpick - even as those are estimates - you can call it 3.5x revenue growth. Ultimately we don't know how fast those projects will complete so using percentage of completion accounting, it is subject to variance one way or the other. Not to mention the potential for other contracts given the conservative nature of the estimates. I see your point regarding the revenue growth

[canyousayiii]

To nitpick, the percentage growth is 250%. Not sure I would say growth of 250% or 3.5 times revenue growth. Could say 250% revenue growth or 3.5 times last years revenues. But, yes, as per my objective explanation, a lot will depend when signed and started. As I wrote that piece, one big question is how they see the $40 million Drosrite bid that was mentioned in another newsrelease. If that is not

[LastZaz]

Yes, I understand your point regarding the percentage growth. Basically, you like to see it as percentage, I'm viewing it more like a multiple. From your perspective if it grew 100%, that would mean it doubled. Or 2x. Semantics. Gotcha. Re: Drosrite bid, I don't think they included it because they explicitly mentioned they did not view it as a high probability signing at this time yet

[canyousayiii]

LastZaz, yes, semantics which would be important if one was just quoting the growth without showing the inputs. Yes, you are right, the $40 million Drosrite bid is not deemed as high probability at the current time so it should not be in there, unless things have changed over the last couple of weeks. I am far from pleased from the drubbing that the share price took but markets want quick