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Bullboard - Stock Discussion Forum PyroGenesis Canada Inc. T.PYR

Alternate Symbol(s):  PYR

PyroGenesis Canada Inc is engaged in the design, development, manufacture, and commercialization of advanced plasma processes and systems. The company provides technical & manufacturing expertise, cutting-edge contract research, and turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (including 3D printing), oil & gas, and environmental industries. Its Product categories include Aluminum & Zinc Dross Recovery, Plasma Atomized Metal Powders, Waste...

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PyroGenesis Canada Inc. > From Peter's comments on Q1
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From Peter's comments on Q1

tamaracktop (32962) | August 15, 2022 11:20 pm

"we expect the backlog to race past the $50MM mark and beyond, concluded Mr. Pascali."..... Backlog fell from $41.2 million to $35.3 million.....'Hard to spin these numbers in a positive light.

RE:From Peter's comments on Q1

vestmed (854) | August 16, 2022 07:33 am

Hard to spin these numbers? Revenue for the quarter was  5.8 M, backlog was 41.2, after the quarter it was 35.3 M. 35.3 + 5.8 = 41.1. Of course the number went down they filled part of the backlog.

RE:RE:From Peter's comments on Q1

tamaracktop (32962) | August 16, 2022 07:56 am

"Of course they went down because they filled part of the backlog?" The point is that they filled it faster than they grew it. Look at the revenues and compare them to how much the backlog declined. They don't appear to have added anything to backlog at all during the quarter. The market isn't going to like it.