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

Why Copper Juniors Could Explode After This Trade War Move | Christian Easterday – Hot Chili

Silver Is Rarer Than Gold, And the Market’s Waking Up | Shawn Khunkhun – Dolly Varden Silver

Gold Will Hit North of $4,000: Who’s Actually Producing? | Shane Williams – West Red Lake

Recommended

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Related News

PyroGenesis Signs Contract With Major Steelmaker To Assess Use Of Plasma Torches

PyroGenesis (TSX: PYR) has reportedly entered into a contract with one of the three largest...

Tuesday, November 19, 2024, 09:31:30 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

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 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