Welcome to our dedicated page for PYR news (Ticker: PYR), a resource for investors and traders seeking the latest updates and insights on PYR stock.
PyroGenesis Canada Inc. (PYR) delivers cutting-edge plasma solutions across defense, environmental, and industrial sectors. This dedicated news hub provides investors and industry professionals with essential updates on technological breakthroughs, strategic partnerships, and operational milestones.
Access verified information about plasma torch innovations, metal powder market expansions, and sustainability initiatives including the chemical-free fumed silica project. Track progress on critical developments like the commercial-scale silicon pour and EU defense contracts.
Our curated news collection covers earnings reports, manufacturing updates, and environmental achievements while maintaining strict compliance with financial disclosure standards. Bookmark this page for real-time access to PYR's evolving position in advanced manufacturing and green technology sectors.
PyroGenesis Canada Inc. (PYR) reported Q4 and fiscal year 2022 results, with Q4 revenue at $3.3 million, down from $7.2 million in Q4 2021, and total annual revenue of $19 million, down from $31.1 million. The decline was attributed to slower technology adoption, particularly in the aluminum sector, and client delays. However, the company achieved a gross margin of 42.8% for 2022. CEO P. Peter Pascali expressed optimism about engaging in technology research initiatives amid supportive government policies for decarbonization. Looking ahead, PyroGenesis aims to drive business lines toward acceptance and close more deals, expecting future revenue opportunities from a backlog of $32.4 million.
PyroGenesis Canada Inc. (TSX: PYR, NASDAQ: PYR) announced a conference call scheduled for March 31, 2023, at 11:00 AM ET to discuss its 2022 fiscal year financial results, corporate progress, and key developments. The company specializes in advanced plasma processes aimed at reducing greenhouse gas emissions and is recognized for its patented technologies in various industries, including iron ore pelletization and additive manufacturing. With ISO certifications since 1997, PyroGenesis maintains a competitive edge in technology development and commercialization.
PyroGenesis Canada Inc. (TSX: PYR; NASDAQ: PYR) announced an order for three plasma torches from Newport News Shipbuilding, intended for the USS Gerald R. Ford aircraft carrier, valued at approximately $13 billion. The plasma torches will enhance the Company’s Plasma Arc Waste Destruction System (PAWDS), which successfully completed its maiden mission in fall 2022. This order, worth CA$700,800 (US$507,500), signifies the Company’s ongoing collaboration with the US Navy. Additionally, PyroGenesis has appointed Mark Paterson as General Counsel, bringing extensive legal experience to the company.
PyroGenesis Canada Inc. has appointed Olivier Dubois as Principal Advisor for European Operations and Sales, enhancing the company's strategic expertise in additive manufacturing. Dubois brings extensive experience from his previous roles, notably at Aubert & Duval, where he managed operations and sales in the metal powders sector. His appointment aims to support the company's global strategy and establish European operations, leveraging his deep industry knowledge. With an Executive MBA and ongoing digital transformation studies, Dubois is expected to provide valuable insights as PyroGenesis aims for expansion in the European market.
