Pyrogenesis Canada Inc
TSX:PYR

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Pyrogenesis Canada Inc Logo
Pyrogenesis Canada Inc
TSX:PYR
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Price: 0.29 CAD Market Closed
Market Cap: 56.1m CAD

Pyrogenesis Canada Inc
Investor Relations

PyroGenesis Canada, Inc. engages in design, development, manufacture, and commercialization of plasma processes. The company is headquartered in Montreal, Quebec and currently employs 87 full-time employees. The company went IPO on 2006-08-16. The firm designs, develops, manufactures and commercializes advanced plasma processes. The firm provides engineering and manufacturing solutions, contract research, as well as process equipment packages to the defense, metallurgical, mining, advanced materials including three dimensional (3D) printing, and environmental industries. The firm offers plasma atomized metal powders, aluminum and zinc dross recovery (DROSRITE), waste management systems and plasma torches. Its waste management systems include waste-to-energy, waste destruction, refrigerant destruction hazardous waste destruction and vitrification systems. The firm manufactures and supplies a second Plasma Arc Waste Destruction System-Marine (PAWDS-Marine) system to the United States Navy. The company also designs and manufactures Tactical Plasma Arc Chemical Warfare Agents Destruction System (PACWADS) for the eradication of chemical warfare agents (CWAs).

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PYR
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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 12, 2025
AI Summary
Q3 2025

Revenue Decline: Q3 2025 revenue was $3.25 million, down 18.7% year-over-year, mainly due to lower torch sales and early project stages.

Gross Margin Drop: Gross margin fell to 24% from 42% last year; however, the 9-month margin improved to 35% versus 31% in 2024.

Backlog Strength: Backlog remains strong at $51.6 million, expected to be recognized over the next three years, signaling future revenue visibility.

Cost Control: SG&A and other expenses were reduced, leading to a smaller quarterly loss of $2.5 million compared to $3.9 million last year.

Strategic Progress: The company advanced projects in energy transition, materials production (notably fumed silica), and waste processing, with notable contracts and technical milestones.

Aerospace & Defense: Increased focus on defense contracts and advanced plasma torch projects, with progress on large-scale torches and new waste destruction systems.

Outlook: Management remains confident in its innovation-driven strategy and expects improved revenue as projects mature and backlog is realized.

Key Financials
Revenue
$3.25 million
Gross Margin
24%
Gross Margin (9 months)
35%
Backlog
$51.6 million
Comprehensive Loss
$2.5 million
SG&A Expenses
$2.6 million (Q3 2025), $5 million (2025 year-to-date)
Net R&D Expenses
$0.2 million (Q3 2025), $0.9 million (year-to-date)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Photis Peter Pascali Jr.
President, CEO & Director
No Bio Available
Mr. Andre Mainella C.A., CPA
Chief Financial Officer
No Bio Available
Mr. Pierre Carabin MEng, P.Eng.
CTO & Chief Strategist
No Bio Available
Ms. Rodayna Kafal
Vice President of Investor Relations & Strategic Business Development
No Bio Available
Mr. Mark Paterson
General Counsel & Secretary
No Bio Available
Mr. Massimo Dattilo
Vice President of Sales
No Bio Available
Mr. Steve McCormick
Vice President of Corporate Affairs
No Bio Available

Contacts

Address
QUEBEC
MONTREAL
1744 William St Suite 200
Contacts
+15149370002.0
www.pyrogenesis.com