PyroGenesis Reports Q1 2025 Results Amid Strong Project Backlog

The latest update is out from PyroGenesis Canada ( (TSE:PYR) ).

PyroGenesis Canada announced its financial results for the first quarter of 2025, highlighting a strong project backlog and ongoing customer collaborations in energy transition and emission reduction. Despite a 14% decline in revenue compared to Q1 2024, the company improved its gross margin by 5.3 points and reduced its net loss slightly. PyroGenesis is optimistic about future quarters due to cost optimization measures and a significant revenue backlog. The company also secured a $2.5 million contract for a waste-to-energy project, showcasing its commitment to sustainable solutions.

Spark’s Take on TSE:PYR Stock

According to Spark, TipRanks’ AI Analyst, TSE:PYR is a Neutral.

PyroGenesis’ overall score reflects significant financial challenges, with ongoing losses and high leverage impacting stability. Technical indicators suggest a bearish trend, and valuation metrics are weak. However, recent positive corporate events provide a hopeful outlook for potential future improvements.

To see Spark’s full report on TSE:PYR stock, click here.

More about PyroGenesis Canada

PyroGenesis Canada is a high-tech company specializing in the design, development, manufacturing, and commercialization of all-electric plasma processes and sustainable solutions. The company focuses on supporting heavy industry in energy transition, emission reduction, commodity security, and waste remediation efforts.

Average Trading Volume: 61,935

Technical Sentiment Signal: Sell

Current Market Cap: C$86.81M

See more insights into PYR stock on TipRanks’ Stock Analysis page.