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PyroGenesis Canada
(TSX:PYR)
PyroGenesis Canada (PYR) vs. iShares MSCI Canada ETF (EWC)
PyroGenesis Canada Business Overview & Revenue Model
PyroGenesis Canada Earnings Call Summary
PyroGenesis Canada Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.47M | 15.65M | 12.35M | 19.01M | 31.07M | 17.78M |
| Gross Profit | 4.99M | 5.30M | 3.44M | 8.14M | 12.43M | 10.30M |
| EBITDA | -6.56M | -5.99M | -25.57M | -29.55M | -36.80M | 42.68M |
| Net Income | -9.29M | -6.67M | -28.50M | -32.17M | -38.43M | 41.77M |
Balance Sheet | ||||||
| Total Assets | 18.94M | 29.20M | 28.44M | 47.67M | 69.77M | 74.53M |
| Cash, Cash Equivalents and Short-Term Investments | 100.35K | 2.98M | 1.80M | 3.45M | 12.20M | 18.10M |
| Total Debt | 8.29M | 9.01M | 9.20M | 6.92M | 5.51M | 3.10M |
| Total Liabilities | 29.81M | 32.66M | 31.26M | 30.80M | 29.00M | 15.11M |
| Stockholders Equity | -10.87M | -3.46M | -2.83M | 16.87M | 40.77M | 59.42M |
Cash Flow | ||||||
| Free Cash Flow | -3.04M | -2.45M | -12.12M | -11.82M | -19.86M | -1.63M |
| Operating Cash Flow | -2.66M | -2.10M | -12.05M | -11.13M | -18.11M | -814.99K |
| Investing Cash Flow | 2.14M | 1.66M | 3.05M | -368.18K | 2.72M | 4.93M |
| Financing Cash Flow | 528.18K | 1.52M | 7.37M | 2.64M | 9.47M | 13.98M |
PyroGenesis Canada Technical Analysis
PyroGenesis Canada Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | C$22.76M | 17.22 | 3.19% | ― | 0.38% | ― | |
46 Neutral | C$39.77M | -77.91 | -14.33% | ― | 69.04% | 80.18% | |
46 Neutral | C$49.60M | -5.00 | ― | ― | -6.83% | 46.97% | |
43 Neutral | C$45.75M | -4.13 | -2067.79% | ― | -48.39% | 9.17% | |
42 Neutral | C$15.14M | -15.30 | -2.57% | ― | -1.50% | -180.73% | |
40 Underperform | C$40.09M | -1.61 | ― | ― | 46.49% | 42.37% |
PyroGenesis Canada Corporate Events
PyroGenesis has successfully delivered a 4.5 MW plasma torch system, including peripherals, to a U.S. aeronautics and defense customer that acts as a key prime contractor and innovation hub for the U.S. government and related industries. The roughly $4.13 million contract has reached a major milestone with delivery of the torch to the client’s facility, triggering $1 million in invoicing, with installation, startup, and testing to commence once remaining components and power supply arrive in the coming weeks. Management highlighted that this 4.5 MW unit, a significant step up from the company’s earlier 900 kW and 2.5 MW platforms, marks a notable advance in its technical capabilities and supports its strategic positioning in high-demand aerospace and defense applications. The achievement also sets the stage for a planned four-fold scale-up to a 20 MW plasma torch for the same client, which PyroGenesis says is expected to be the largest commercially produced plasma torch to date, reinforcing the company’s role as a leading provider of high-power plasma solutions in heavy industry and defense markets.
The most recent analyst rating on (TSE:PYR) stock is a Sell with a C$0.25 price target. To see the full list of analyst forecasts on PyroGenesis Canada stock, see the TSE:PYR Stock Forecast page.
PyroGenesis has received a second order for one tonne of titanium powder under its powder supply agreement with a U.S. minerals and metal technology company, following an initial 3.5-tonne order in late 2025. Produced via the company’s NexGen™ plasma atomization process, the off-cut titanium powder will be delivered in the coming days and is intended as a high-quality feedstock for titanium alloys serving critical industries including space, aerospace, medical, defense, consumer electronics, hydrogen, and electric vehicles. The deal underscores growing commercial demand for PyroGenesis’ off-cut titanium powder, enabling the company to monetize previously stockpiled non-prime material, reduce waste, and enhance both the profitability and sustainability of each NexGen™ production run, while contributing to the resilience of the titanium critical mineral supply chain amid a rapidly expanding titanium 3D-printing market.
The most recent analyst rating on (TSE:PYR) stock is a Sell with a C$0.25 price target. To see the full list of analyst forecasts on PyroGenesis Canada stock, see the TSE:PYR Stock Forecast page.
PyroGenesis has signed an agreement with the national security and defense division of a major U.S. multinational engineering and infrastructure group to jointly pursue contracts for the destruction of remaining chemical weapons stockpiles in and around Syria. Under the partnership, the companies plan to bid on 2026 tenders under which PyroGenesis would supply its DARPA-funded PACWADS plasma systems, along with engineering, training and after-sales support, to eliminate warfare agents such as sarin, mustard gas, soman and VX at multiple sites. The initiative positions PyroGenesis to expand its defense-sector footprint by applying its mobile, high-efficiency chemical weapons destruction technology to a high-profile disarmament effort aligned with international treaty obligations and ongoing efforts to prevent weapons of mass destruction from reaching hostile actors.
The most recent analyst rating on (TSE:PYR) stock is a Hold with a C$0.32 price target. To see the full list of analyst forecasts on PyroGenesis Canada stock, see the TSE:PYR Stock Forecast page.
PyroGenesis Inc. has issued a 90-day notice to end its exclusivity arrangement and cancel its master agreement with EarthGrid covering tunneling-related projects, a relationship that began with a US$500,000 non-refundable down payment and was intended to support EarthGrid’s efforts to secure financing and complete an initial statement of work. The company said that, in light of recent developments, releasing both parties from the agreement is the preferred path forward, and once the 90-day period expires PyroGenesis will be free to pursue tunneling-related opportunities with other potential clients, potentially broadening its addressable market in this specialized application of its plasma-based technologies.
The most recent analyst rating on (TSE:PYR) stock is a Hold with a C$0.32 price target. To see the full list of analyst forecasts on PyroGenesis Canada stock, see the TSE:PYR Stock Forecast page.
PyroGenesis Inc. has signed a design phase contract with a European organization specializing in radioactive waste treatment and nuclear decommissioning. This contract aims to define specifications for a plasma-equipped furnace, presenting an environmentally friendly solution for the growing challenge of managing radioactive waste in the EU. With increasing nuclear capacity in Europe, the successful development of this plasma furnace could position PyroGenesis as a key player in offering low-carbon, incineration-free methods to treat low- and very-low-level radioactive waste, potentially reshaping industry standards while addressing rising environmental demands.
The most recent analyst rating on (TSE:PYR) stock is a Hold with a C$0.32 price target. To see the full list of analyst forecasts on PyroGenesis Canada stock, see the TSE:PYR Stock Forecast page.
PyroGenesis has announced the delivery of 3.5 tonnes of titanium powder under a new supply agreement with a U.S. minerals and metal technology company. This agreement marks a significant step in utilizing PyroGenesis’ ‘off-cut’ titanium powders, which are not currently used by commercial 3D printers but hold potential value for industrial reprocessing. The contract supports the critical mineral supply chain and represents a new revenue stream for PyroGenesis, as it capitalizes on the growing demand in the additive manufacturing market.
The most recent analyst rating on (TSE:PYR) stock is a Hold with a C$0.32 price target. To see the full list of analyst forecasts on PyroGenesis Canada stock, see the TSE:PYR Stock Forecast page.
PyroGenesis Inc. has signed a contract with a leading battery recycler to test the use of plasma technology in the recovery of critical minerals from end-of-life lithium-ion batteries. This initiative aims to replace fossil fuel heating with plasma, supporting the client’s goal of achieving all-electric operations and a sustainable supply chain. The project highlights the growing demand for effective recycling strategies as the volume of end-of-life batteries is expected to rise significantly. By leveraging its plasma technology, PyroGenesis seeks to play a crucial role in the future of battery recycling, helping reduce reliance on new mining activities and improving efficiency for stakeholders.
The most recent analyst rating on (TSE:PYR) stock is a Hold with a C$0.33 price target. To see the full list of analyst forecasts on PyroGenesis Canada stock, see the TSE:PYR Stock Forecast page.
PyroGenesis has announced a contract with a U.S. additive manufacturing company for the supply of ‘fine cut’ titanium powder, produced using its NexGen™ plasma atomization process. This contract marks a strategic expansion into a key U.S. manufacturing hub, highlighting the company’s commitment to innovation and its role in the growing metal additive manufacturing market. The deal is expected to enhance PyroGenesis’ market position by providing high-quality, environmentally friendly titanium powders, supporting the critical mineral supply chain, and potentially establishing a long-term relationship with the client.
The most recent analyst rating on (TSE:PYR) stock is a Hold with a C$0.22 price target. To see the full list of analyst forecasts on PyroGenesis Canada stock, see the TSE:PYR Stock Forecast page.
PyroGenesis Inc. has secured a half-tonne order for titanium metal powder from a global aerospace leader, marking its first contract under an approved supplier status. This contract, achieved through a competitive bid, highlights PyroGenesis’ strategic role in enhancing the efficiency of metal powder production and supporting the critical mineral supply chain in the aerospace sector. The company’s NexGen™ plasma atomization process is pivotal in this achievement, reinforcing its competitive advantage and long-term value creation strategy. The global market for titanium powder, particularly in 3D printing, is expected to grow significantly, underscoring the importance of PyroGenesis’ innovations.
The most recent analyst rating on (TSE:PYR) stock is a Hold with a C$0.18 price target. To see the full list of analyst forecasts on PyroGenesis Canada stock, see the TSE:PYR Stock Forecast page.
PyroGenesis has secured a $1.3 million contract to supply a plasma torch system for a European cement industry client, aiming to electrify calcination furnaces. This initiative supports the cement industry’s efforts to reduce emissions and transition towards cleaner production methods. The project involves using CO2-powered plasma torches to replace fossil fuel combustion, a significant source of greenhouse gas emissions in cement production. This contract marks a step towards demonstrating the viability of electric heating in industrial-scale cement production, aligning with global decarbonization goals.
The most recent analyst rating on (TSE:PYR) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on PyroGenesis Canada stock, see the TSE:PYR Stock Forecast page.
PyroGenesis Canada has successfully closed its non-brokered private placement, raising a total of $5,226,083 through the sale of 14,185,969 units. The funds will be used for working capital and general corporate purposes, with the placement receiving conditional approval from the TSX. This move is expected to bolster PyroGenesis’ financial position, supporting its ongoing operations and strategic initiatives in the heavy industry and defense sectors.
The most recent analyst rating on (TSE:PYR) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on PyroGenesis Canada stock, see the TSE:PYR Stock Forecast page.
PyroGenesis Canada announced its third-quarter 2025 financial results, highlighting new opportunities and advancements in its technology offerings. The company secured a $1.2 million contract with the cement industry and made significant progress with its fumed silica reactor project, indicating a strong focus on expanding its market reach and commercial readiness. Despite a decrease in revenue and gross margin compared to the previous year, PyroGenesis continues to evolve its market strategy and remains committed to innovation, positioning itself for future success.
The most recent analyst rating on (TSE:PYR) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on PyroGenesis Canada stock, see the TSE:PYR Stock Forecast page.
PyroGenesis Inc. has announced a conference call scheduled for November 12, 2025, to discuss its financial results for the third quarter of 2025 and provide updates on company progress and developments. This announcement is significant as it offers stakeholders insights into the company’s financial health and operational advancements, potentially impacting its market positioning and investor confidence.
The most recent analyst rating on (TSE:PYR) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on PyroGenesis Canada stock, see the TSE:PYR Stock Forecast page.