Post by
tamaracktop on Aug 06, 2024 8:47pm
A leopard never changes it's spots
With Q2’s strong earnings, PyroGenesis continues its string of positive results reflecting growing industry momentum and customer interest, together with corporate commitment to optimizing expenditures and processes. After posting a three-year low revenue mark back in Q1 2023, we now have posted 5 consecutive quarters of revenue improvement, with four of those quarters, including this most recent, surpassing the previous quarter’s revenue,” said P. Peter Pascali, President and CEO of PyroGenesis.
Comment by
tamaracktop on Aug 06, 2024 9:29pm
"we now have posted 5 consecutive quarters of revenue improvement..." Quarterly revenues since Q2 2023 have been $3.04 million, $3.69 million, $3.03 million, $3.49 million, and now $3.93 million. This is trading at a revenue multiple that makes absolutely no sense whatsoever. Over 10 x revenues?? Sell it immediately.
Comment by
sumpineh on Aug 06, 2024 9:44pm
That is why I guessed at $3.2M. Missed by $700K. Tough to Imagine how 100+ employees can produce so little and it makes me wonder why they can't seem to reduce the supposed backlog. I am not surprised that the pumpers are quiet. Even Job would be tested,having to wait quarter after quarter with nothing to show except promises.
Comment by
jazzykazz on Aug 06, 2024 9:55pm
Sumpinah, Pyro investors are here for the potential long term benefits of industry adopting the technology and benefits... I cannot speak to what your interest might be.
Comment by
skier59 on Aug 06, 2024 10:02pm
You are obviously hired by the shorters ! History working for Brokers. Way too many shares shorted, if they haven't covered, for this potential...?Too bad so sad. Who else is going to make all these Fumed Silica machines for Evonik? Plus the Royalties. And you say this is going to zero? WTF are you smoking?
Comment by
tamaracktop on Aug 06, 2024 10:43pm
If I was short this stock, I wouldn't have to "bash" it. The company would be doing it for me. The management would be on My side.