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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 | 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 |
| EBITDA | -5.99M | -25.57M | -29.55M | -36.80M | 42.68M |
| Net Income | -6.67M | -28.50M | -32.17M | -38.43M | 41.77M |
Balance Sheet | |||||
| Total Assets | 29.20M | 28.44M | 47.67M | 69.77M | 74.53M |
| Cash, Cash Equivalents and Short-Term Investments | 2.98M | 1.80M | 3.45M | 12.20M | 18.10M |
| Total Debt | 9.01M | 9.20M | 6.92M | 7.22M | 3.10M |
| 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | C$7.20B | -5.69 | -4.20% | 2.32% | 13.54% | -29.62% | |
60 Neutral | C$14.38M | 20.41 | 4.15% | ― | 0.89% | ― | |
59 Neutral | C$20.66M | ― | -7.92% | ― | -12.65% | -838.74% | |
53 Neutral | C$66.08M | ― | -1898.77% | ― | 408.78% | -20.74% | |
49 Neutral | $713.60M | ― | -38.04% | ― | -28.34% | -61.59% | |
41 Neutral | C$71.26M | ― | -5701.32% | ― | 0.58% | 45.10% | |
41 Neutral | C$12.15M | ― | -525.98% | ― | -24.60% | -11.26% |
PyroGenesis Canada Corporate Events
PyroGenesis announced its financial and operational results for the second quarter of 2025, highlighting significant milestones despite financial challenges. The company made progress in commercializing its fumed silica reactor process and achieved approved supplier status for its titanium metal powder with a leading aerospace company. Although revenue was lower than expected due to delayed project starts, PyroGenesis is focusing on cost optimization, innovation, and expanding its market reach. A notable development is the sale of a plasma torch to Constellium, marking progress in the aluminum sector and reflecting the company’s growing momentum in various industries, including steel, cement, and chemicals.
PyroGenesis has signed an additional contract with Constellium to advance the electrification of aluminum remelting furnaces using plasma torch technology. This marks the second phase of their collaboration, focusing on industrial implementation to support Constellium’s decarbonization strategy. The project aims to reduce carbon emissions and enhance energy efficiency in aluminum processing, aligning with global trends towards cleaner, scalable energy solutions in the aluminum industry.
PyroGenesis has signed an additional contract with Constellium to advance the electrification of aluminum furnaces using plasma torch technology, marking the next phase in their industrial-scale deployment for energy transition in the aluminum sector. This collaboration aims to reduce carbon emissions and enhance energy efficiency in aluminum processing, supporting Constellium’s roadmap to reduce greenhouse gas emissions and demonstrating a significant step towards cleaner, more efficient energy pathways in aluminum manufacturing.
PyroGenesis Inc. has announced a conference call scheduled for August 7, 2025, to discuss its financial results for the second quarter of 2025 and provide updates on company progress and developments. This announcement is significant for stakeholders as it offers insights into the company’s financial health and strategic direction, potentially impacting its market positioning and investor relations.
PyroGenesis has secured an initial contract to supply titanium metal powder to a European additive manufacturing company following successful testing of its product. This contract marks a significant step for PyroGenesis as it demonstrates the commercial viability of its NexGen™ plasma atomization process and positions the company favorably within the growing European metal 3D printing market, which is expected to reach $11.2 billion by 2030.
PyroGenesis has confirmed that third-party Scanning Electron Microscopy (SEM) analysis supports the consistency of pilot-scale fumed silica morphology with commercial-grade standards. This development is part of ongoing optimization efforts ahead of Phase 2 performance trials scheduled for August 2025. The SEM analysis has validated key technical metrics, indicating that reactor enhancements are effectively bridging the gap between pilot-run and lab-scale surface area performance. This progress strengthens PyroGenesis’ position in the fumed silica market, which is integral to various industries due to its use as a thickening and anti-caking agent in numerous products.
PyroGenesis Inc. has successfully completed a $9.3 million coke-oven gas valorization and hydrogen production project for Tata Steel, enhancing the steel industry’s sustainability efforts. The project, which involves purifying coke-oven gas and producing high-purity hydrogen, is operational at Tata Steel’s Kalinganagar facility, contributing to improved production efficiency and environmental outcomes. This achievement positions PyroGenesis as a key player in providing solutions for the steel industry’s energy transition and emissions reduction, with potential for broader adoption across the global steel market.
PyroGenesis has announced significant improvements in the quality, purity, and consistency of fumed silica production through its FSR project, verified by a leading global supplier. These advancements, including a reduction in impurities and increased surface area, enhance the material’s viability for various applications, marking a crucial step towards commercializing the process and targeting specific market segments.
PyroGenesis Inc. announced the results of its annual shareholder meeting, where approximately 38% of the issued and outstanding common shares were represented. All nominees for the board of directors were elected, and Raymond Chabot Grant Thornton LLP was reappointed as the auditor. This announcement reinforces PyroGenesis’s stable governance structure and commitment to its strategic goals, potentially impacting its market positioning positively.
PyroGenesis has confirmed that its fumed silica samples, produced by the Fumed Silica Reactor pilot plant for HPQ Silica Polvere Inc., have passed testing by a leading global supplier. This successful verification marks a significant step in the scale-up process from lab to pilot production, emphasizing the company’s commitment to optimizing the Fumed Silica Reactor for future production. The development of fumed silica aligns with PyroGenesis’ focus on commodity security and optimization, enhancing the availability of critical minerals and supporting the energy transition and emission reduction efforts.
PyroGenesis Inc. announced an extension to the term of up to 1,581,250 common share purchase warrants, which will now expire on November 18, 2025, instead of July 22, 2025. This extension, approved by the Toronto Stock Exchange, allows holders more time to exercise their warrants, with proceeds aimed at general corporate purposes, potentially enhancing the company’s financial flexibility and market positioning.
PyroGenesis Canada has achieved approved supplier status with Boeing for its NexGen™ titanium metal powder, marking a significant milestone in its additive manufacturing operations. This qualification enhances PyroGenesis’ industry positioning by aligning with Boeing’s high standards, potentially expanding its market reach and reinforcing its commitment to producing high-quality metal powders for critical applications.
PyroGenesis has received accelerated requests for its fumed silica samples, indicating growing industry interest in its innovative plasma-based production process. This development aligns with the company’s commitment to providing sustainable alternatives in the global fumed silica market, which is used in a wide range of everyday products.
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.