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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 Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 15.65M | 12.35M | 19.01M | 31.07M | 17.78M | Gross Profit |
| 5.30M | 3.44M | 8.14M | 12.43M | 10.30M | EBIT |
| -6.49M | -29.74M | -23.20M | -17.34M | -1.30M | EBITDA |
| -5.99M | -25.57M | -29.55M | -36.80M | 42.68M | Net Income Common Stockholders |
| -6.67M | -28.50M | -32.17M | -38.43M | 41.77M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 2.98M | 1.80M | 3.45M | 12.20M | 18.10M | Total Assets |
| 29.20M | 28.44M | 47.67M | 69.77M | 74.53M | Total Debt |
| 9.01M | 9.20M | 6.92M | 7.22M | 3.10M | Net Debt |
| 6.04M | 7.40M | 3.47M | -4.98M | -15.00M | Total Liabilities |
| 32.66M | 31.26M | 30.80M | 29.00M | 15.11M | Stockholders Equity |
| -3.46M | -2.83M | 16.87M | 40.77M | 59.42M |
| Cash Flow | Free Cash Flow | |||
| -2.45M | -12.12M | -11.82M | -19.86M | -1.63M | Operating Cash Flow |
| -2.10M | -12.05M | -11.13M | -18.11M | -814.99K | Investing Cash Flow |
| 1.66M | 3.05M | -368.18K | 2.72M | 4.93M | Financing Cash Flow |
| 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | $4.39B | 11.81 | 5.17% | 249.38% | 3.98% | -12.17% | |
47 Neutral | C$90.54M | ― | -5701.32% | ― | 14.45% | 76.75% | |
| $413.35M | ― | -37.81% | ― | ― | ― | ||
67 Neutral | C$21.42M | 23.73 | 5.22% | ― | 12.31% | ― | |
49 Neutral | C$20.41M | ― | -8.95% | ― | -15.53% | -824.56% | |
40 Underperform | C$71.31M | ― | -1898.77% | ― | 408.78% | -20.74% | |
37 Underperform | C$14.67M | ― | -525.98% | ― | -24.60% | -11.26% |
PyroGenesis Canada Earnings Call Summary
PyroGenesis Canada Corporate Events
PyroGenesis has confirmed the successful production of fumed silica at a pilot scale, exceeding expectations in yield. This milestone, achieved through their Fumed Silica Reactor, aligns with the company’s strategic goals and enhances its market positioning by potentially improving the economics of the project. The focus will now shift to optimizing product purity and achieving a production target of 50 tonnes per year, which could have significant implications for stakeholders in terms of market fit and commercial viability.
PyroGenesis has successfully collected material from its Fumed Silica Reactor pilot plant’s baghouse, which has been sent for third-party analysis. This marks a significant milestone in validating the scale-up from lab to pilot plant, potentially confirming the reactor’s ability to produce high-quality fumed silica, a widely used industrial material.
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.
PyroGenesis has provided an update on its Fumed Silica Reactor project, developed for HPQ Silica Polvere Inc., highlighting the potential advantages over traditional methods. The new process aims to produce fumed silica more efficiently by using an all-electric plasma technique, potentially reducing costs, CO2 emissions, and energy usage while eliminating the need for hazardous chemicals and simplifying logistics.
PyroGenesis Inc. has successfully closed the first tranche of a non-brokered loan, receiving $2,385,000 from its President and CEO, P. Peter Pascali. This funding will be used for working capital and general corporate purposes, potentially enhancing the company’s operational capabilities and market positioning. The loan agreement includes the possibility of additional tranches, totaling up to $5,750,000, which could further support PyroGenesis’ strategic initiatives.
PyroGenesis Inc. has announced a conference call scheduled for May 14, 2025, to discuss its financial results for the first quarter of 2025 and provide updates on its business progress. This announcement reflects PyroGenesis’s ongoing commitment to transparency and engagement with stakeholders, as it continues to leverage its advanced plasma technologies to maintain a competitive edge in the industry.
PyroGenesis Inc. announced the completion of a non-brokered private placement involving a loan of up to $5,750,000 from its President and CEO, P. Peter Pascali. The loan, which includes share purchase warrants, is intended to support the company’s working capital and general corporate purposes. This financial move is expected to bolster PyroGenesis’ operational capabilities and market positioning as it continues to focus on sustainable solutions for heavy industries.
P. Peter Pascali, CEO of PyroGenesis, has updated his early warning report regarding his shareholdings in the company, as he plans to sell up to 850,000 common shares through an automatic securities disposition plan. This move is expected to slightly reduce his total ownership in the company, impacting the overall share distribution but maintaining a significant stake.
PyroGenesis reported a 40% increase in quarterly revenue and a 27% rise in full-year revenue for 2024, alongside a significant improvement in net income and EBITDA. The company enters 2025 with a strong order backlog and key projects in the energy transition sector, positioning itself as a crucial player in industrial energy grid infrastructure expansion. Recent contracts, including a significant deal with Norsk Hydro ASA, underscore PyroGenesis’ growing influence and potential for continued growth in the aluminum and renewable energy sectors.
PyroGenesis Canada Inc. announced it will host a conference call on April 1, 2025, to discuss its financial results for the fiscal year 2024 and provide a business update. This announcement is significant as it reflects the company’s ongoing commitment to transparency and communication with stakeholders, potentially impacting its market positioning and investor relations.
PyroGenesis Inc. has provided an update on its role in the Varennes Carbon Recycling project, where its subsidiary, Pyro Green-Gas, is involved in the engineering, design, and fabrication of a Thermal Swing Adsorption system. Despite Varennes Cellulosic Ethanol LP, the managing entity of the project, filing for protection under the Companies’ Creditors Arrangement Act due to liquidity issues, PyroGenesis remains a key supplier. The company is expected to continue its work and receive timely payments, with hopes that the restructuring process will ensure the project’s continuation.
PyroGenesis Inc. has signed a Memorandum of Understanding (MOU) with GE Vernova’s Power Conversion & Storage business to explore a strategic collaboration aimed at replacing fossil fuel combustion in high-temperature industrial processes with all-electric plasma torches. This partnership is expected to enhance PyroGenesis’ market positioning by enabling significant energy savings, reducing emissions, and increasing production efficiency for industries like aluminum and steel production. The collaboration will involve a phased approach, starting with studies for implementing PyroGenesis’ plasma torches and GE Vernova’s electrical infrastructure in large industrial facilities, potentially leading to increased revenues and profitability for stakeholders.
PyroGenesis Inc. has announced that it expects minimal impact from the recently imposed U.S. tariffs on Canadian products. The company manufactures many of its key systems outside Canada, including in the U.S., and its client base is primarily outside the U.S., with a significant portion of its contracts denominated in USD and EUROs, minimizing exposure to tariff-related risks.
PyroGenesis has announced improvements to its NexGen Plasma Atomized Metal Powder Production System, which have resulted in significant gains in production efficiency. The company has increased the yield of key powders by 33-50%, improved operational uptime by over 25%, and reduced operational costs by approximately 20%, enhancing its competitive position in the aerospace industry.
PyroGenesis has announced that its Ti64 ‘coarse’ metal powder, produced by its NexGen™ plasma atomization system, has met all technical requirements for Boeing, a major global aerospace OEM. This achievement places PyroGenesis in the final stages of being added to Boeing’s approved supplier list, highlighting the company’s potential impact on the aerospace industry through its innovative additive manufacturing processes.
PyroGenesis Inc. has announced that its Ti64 ‘coarse’ metal powder, produced by its NexGen™ plasma atomization system, has met all technical requirements for Boeing, a major global aerospace OEM. This achievement places PyroGenesis in the final stages of being added to Boeing’s approved supplier list, highlighting the company’s potential impact on the aerospace industry and its commitment to innovation in additive manufacturing.
PyroGenesis has achieved a significant milestone with the successful week-long operation of its fumed silica reactor pilot plant, producing the first batch of materials. This development marks a 20-fold scale-up from lab-scale production, aiming to revolutionize the fumed silica industry by eliminating carbon emissions and enhancing product quality. The project, in collaboration with HPQ Silica Polvere Inc., could set a new standard for sustainable and commercially viable fumed silica production.
PyroGenesis has announced a significant milestone in the operation of its fumed silica reactor pilot plant, achieving successful week-long production of the first batch of materials. This development marks a 20-fold scale-up from lab-scale production, aiming to innovate the traditionally fossil-fuel-intensive fumed silica industry by utilizing a plasma-based process that eliminates carbon emissions. The company is working with HPQ Silica Polvere Inc. and plans to optimize the process further to ensure consistent and high-quality production, potentially setting a new standard for sustainable fumed silica production.
PyroGenesis Inc. has signed a $2.4 million contract with Norsk Hydro ASA to test its plasma technology as a renewable alternative to fossil fuels in aluminum casthouse operations. This collaboration, part of Hydro’s aim to achieve net-zero emissions by 2050, could significantly impact the aluminum industry and other hard-to-abate sectors globally if successful.