PyroGenesis Inc T.PYR

EPS

[StairwayTo]

I can’t believe the CFO highlighted one of the Key Q2 2024 Financial being “Net  Income of $1.4M earning per share of $0.01.”
They’re really taking the investors for fools. That 1 penny eps was the result of a 3 year debt they partly collected.
Reminds me of the huge gross margin, 73%, they highlighted when they sold IP for $3.6M at 100% margin in Q3 2022,
And the eps of some $0.20 when the changes in fair value of strategic investment (HPQ) went up by $44M.

[WolfOakville]

Correct. When they have no way of duplicating that next quarter.

[Mostlyserious]

I don't know where all the employee compensation is.  Note 15 shows "Employee benefits" for SG&A.  About $1.2 million compared to about $3.8 million for the same quarter last year.  And for the six months this total is $2 million so about $800k in Q1?  And the SG&A in the statements shows as $236,257 and there is reference to Note 15 which lists more

[Mostlyserious]

To add to the question, Q1 Note 15 shows $3.3 million for Employee benefits so how do they get to $1.9 million in Q2 for six months ended June 30th?  Shouldn't it be Q1 + Q2 and therefore be greater than $3.3 million instead of $1.9 million which includes $1.2 million for Q2 itself?  If $1.2 million is correct, then it should be $4.5 million, no? Just trying to understand the

[StairwayTo]

they had to trim head count, can't support 110 employees without any revenue   

[EtheGreat]

" they had to trim head count " -- what about Employee Attrition via Retirement (including early retirement packages) ?  Pyro been around since '91 correct ? What about PPL Changing Jobs & relocation desires ?  And of course Axing Dead Logs -- sometimes in order to advance & progress U must clean house of waste !   " they had to trim head

[WolfOakville]

I covered this in my review. Payroll was up in Q2, they did not reduce headcount.

[Thinkbigsti69]

They did not reduce headcount for a reason, mega contracts are coming and they will need to hire even more soon.

[WolfOakville]

But will they get paid for those contacts. Collecting is a bigger problem than getting the actual sale.

[Mostlyserious]

Take a couple of minutes and explain that Thinkbig. "Employee Benefits" under SG&A went down from just under $3.9 million to about $1.2 million. But this does not mean that they reduced the headcount because....you fill in the blank to support your assertion and explain this. Thanks.

[EtheGreat]

Pls Re-Post in Bold - as T-Top said something about:  Get it thru Ur Thick Heads in a previous Post " I covered this in my review. Payroll was up in Q2, they did not reduce headcount " * note:  there a some here where Reading Capabilities & Comprehension Capabilities appear disjointed not equal... LoL...

[EtheGreat]

And of Course my Writing Capabilities is sometimes disjointed - LoL -- Oops Correction:  * note:  there are some here

[Mostlyserious]

Got it.  IMO I suspect that the audited financial statements will change the presentation to make it just informative as it should be (deliberately not saying "more" informative), if the auditors do their job.