PyroGenesis Guides To “At Least” $8.0 Million In Q3 Revenues

PyroGenesis Canada (TSX: PYR) this morning provided guidance for its third quarter financial results. The company expects to see revenue come in at least at $8.0 million in the third quarter, which is potentially down from $8.3 million in the second quarter.

Revenue for the quarter is presented on at “at least” basis, based on preliminary data compiled by the company. This places revenue for the nine months ended September 30 at at least $22.5 million, an improved compared to $11.0 million recorded for the nine months ended September 30, 2020.

The firm will be required to post revenues of $8.1 million to be able to say revenues were flat on a year over year basis, while the firm will have to exceed the $8.3 million market to say the needle was moved on a quarter over quarter basis.

PyroGenesis also indicated it expects the third quarter to have positive net income and as an extension of that, positive earnings per share.

PyroGenesis last traded at $4.74 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

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

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 Replaces CFO After Three Months On The Job

PyroGenesis Canada (TSX: PYR) this morning had an unexpected announcement. The firm has replaced its...

Monday, September 27, 2021, 08:35:13 AM

PyroGenesis To Drop Nasdaq Listing To Conserve Costs

PyroGenesis Canada (TSX: PYR) is down a substantial 15% in pre-market trading this morning following...

Friday, October 27, 2023, 08:57:00 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

Plasma: The Fourth State Of Matter – The Daily Dive feat Peter Pascali

On our latest episode of The Daily Dive, our host Cassandra Leah sits down with...

Friday, April 2, 2021, 05:56:00 PM