The latest announcement is out from PyroGenesis Canada ( (TSE:PYR) ).
PyroGenesis Inc. has announced its financial guidance for the fourth quarter and full year 2024, projecting a significant increase in revenues and backlog. The company expects Q4 revenues to reach at least $4 million and full-year revenues to surpass $15 million, reflecting a 32% quarterly and a 22% annual growth compared to 2023. The backlog is anticipated to exceed $58 million, more than doubling the previous year’s figure. This optimistic outlook is attributed to the company’s long-term strategy and ongoing major energy transition trials with industry leaders, positioning PyroGenesis for continued growth in 2025.
More about PyroGenesis Canada
PyroGenesis Inc. is a high-tech company that designs, develops, manufactures, and commercializes advanced all-electric plasma processes and sustainable solutions. The company focuses on supporting heavy industry with energy transition, emission reduction, commodity security, and waste remediation efforts. PyroGenesis operates within a three-vertical solution ecosystem, which includes energy transition and emission reduction, commodity security and optimization, and ultra-high temperature technology solutions.
YTD Price Performance: -1.64%
Average Trading Volume: 70,556
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$110.5M
For detailed information about PYR stock, go to TipRanks’ Stock Analysis page.