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.
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