or
Remember me
Back
1000 torches would being in 275 mil annual recurring revenue with gross margins ~40%. this was back in 2020/2021 when torches were only being discussed for the iron ore companies. in present moment, PYR has continued to position its torches for entry into other markets (aluminum sector [potential for hundreds of torches as stated in past news releases] and defense aeronautics [growing interest in higher powered torches which are not only more profitable as PPP has confirmed in the past, but also in parallel opens the gateway for other markets like glass and cement] to name a few). Throw in the fact that the torches themselves do not need to be R&Ded, PYR is not a startup and has an in house team of over 100+ (engineers and business personnel), a CEO that holds 48%+ of shares and who will continue to finance the company using his own funds if necessary, my opinion is that there is relatively little to be concerned about as a long term investor. that said, cash burn is a present issue and it's up to PYR to continue to execute and regain the momentum shown in 2020 and 2021
A daily snapshot of everything from market open to close.