Friday, October 10, 2025

Latest

PyroGenesis Ends Q2 2021 With $8.3 Million In Revenue, $20.4 Million Net Loss

PyroGenesis Canada Inc. (TSX: PYR) shared on Monday evening its financial results for Q2 2021, highlighting revenue of $8.3 million. This is an increase from Q2 2020’s revenue of $2.1 million.

Breaking down the topline revenue figure, the company’s Drosrite technology contributed $1.6 million, Purevap generated $3.9 million sales, torch-related sales amounted to $0.6 million, support services related to PAWDS-Marine systems for US Navy added $2.1 million, and other sales and services notched additional $0.04 million.

The quarterly operating expenses amounting to $7.4 million led to an operating loss of $2.4 million, down from last year’s $0.4 million operating loss. On the other hand, the company shared that it generated net income from operations amounting to $0.9 million if the $3.3 million share-based compensation expense would be excluded since this is “a non-cash item in which options vest principally over a four-year period”.

However, a net decrease in fair value adjustment of strategic investments amounting to $17.9 million contributed to a bottom-line figure of $20.4 million net loss for the quarter. This is a decline from last year’s net income of $5.2 million and translates to $0.11 loss per diluted share.

Adjusting for the fair value adjustment, the company reported a financial performance indicator called modified EBITDA with an amount of $1.1 million gain compared to last year’s loss of $0.3 million.

The company’s cash position ended at $18.1 million from a starting balance of $26.3 million. Current assets at quarter’s end carry a balance of $37.9 million while current liabilities came in at $9.5 million.

PyroGenesis Canada last traded at $4.71 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

First Majestic Posts Record Quarterly Silver Production In Q3

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

Related News

PyroGenesis Signs $27 Million Contract for 20MW Plasma Torch, Bolstering Backlog to Record Levels

PyroGenesis Canada (TSX: PYR) has recently secured a $27 million contract from a longstanding U.S....

Monday, October 21, 2024, 09:31:00 AM

PyroGenesis Quietly Announces Director Resignation

PyroGenesis Canada (TSX: PYR) is down a board member. The firm this morning quietly announced...

Friday, February 4, 2022, 08:42:38 AM

PyroGenesis Sees $3.6 Million In Contracts Put At Risk By Creditor Protection Filing

PyroGenesis (TSX: PYR) has found one of its major projects caught up in a creditor...

Friday, March 21, 2025, 09:07:20 AM

PyroGenesis Receives First Payment Under $6.0 Million Contract Entered Last Year

PyroGenesis Canada (TSX: PYR) will be able to keep the lights on for a few...

Tuesday, November 1, 2022, 09:14:10 AM

PyroGenesis Sees Flat Sequential Revenue In Q3 Of $5.7 Million

PyroGenesis Canada (TSX: PYR) this morning reported its third quarter financial results, toplined by flat...

Friday, November 11, 2022, 08:22:50 AM