PyroGenesis reports Q4 revenue $3.3M vs $7.2M last year

"The industrial decarbonization policy landscape continues to evolve in ways that we expect to benefit the long-term success of our company," said Mr. P. Peter Pascali, President and CEO of PyroGenesis. "Forward leaning social sentiment has long been the major input driving public and corporate policy on matters like energy transition. Now, with political, structural, and economic forces quickly catching up, PyroGenesis sees itself in a privileged position of being asked not only to supply merchandise, but also directly help customers uncover new avenues for change and transition. It is why, despite a revenue pullback in 2022, that we continue to be excited for the future, and why we have refined our strategy to better reflect the opportunity to directly impact transformational outputs stemming from heavy industry policy change."