PyroGenesis Inc. (TSX:PYR)

Model N Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1.2	2.98	1.8	3.45	12.2	18.1
Cash & Short-Term Investments	1.2	2.98	1.8	3.45	12.2	18.1
Cash Growth	-65.25%	65.06%	-47.68%	-71.76%	-32.60%	9699.52%
Accounts Receivable	5.12	10.42	9.47	19.56	21.82	3.91
Other Receivables	0.87	2.15	2.11	1.37	1.81	1.76
Receivables	5.99	12.57	11.58	20.92	23.62	5.66
Inventory	2.56	2.54	1.91	1.88	0.89	-
Prepaid Expenses	0.89	0.57	0.87	0.77	0.72	0.15
Other Current Assets	0.78	0.69	0.64	0.43	1.33	1.42
Total Current Assets	11.43	19.35	16.8	27.45	38.76	25.34
Property, Plant & Equipment	6.99	7.6	7.06	8.21	9.48	6.23
Long-Term Investments	1.15	0.03	2.55	6.24	14.9	39.99
Goodwill	-	-	-	2.66	2.66	-
Other Intangible Assets	1.73	1.46	1.3	1.94	2.6	0.71
Long-Term Deferred Charges	-	0.13	0.15	0.16	0.18	0.2
Other Long-Term Assets	0.66	0.63	0.58	1	1.2	2.07
Total Assets	21.96	29.2	28.44	47.67	69.77	74.53
Accounts Payable	6.91	7.45	4.85	6.07	5.46	2.21
Accrued Expenses	5.16	5.4	4.49	4.05	4.61	2.5
Short-Term Debt	-	0.09	0.18	0.99	-	-
Current Portion of Long-Term Debt	1.19	2.26	1.04	0.07	0.08	0.01
Current Portion of Leases	2.43	2.57	0.52	2.67	2.93	0.23
Current Income Taxes Payable	-	-	-	0.19	0.02	-
Current Unearned Revenue	9.02	9.01	10.99	9.67	9.4	6.59
Other Current Liabilities	0.77	1.79	1.73	2.09	2.24	-
Total Current Liabilities	25.48	28.57	23.81	25.8	24.75	11.54
Long-Term Debt	1.73	0.89	2.87	0.32	0.11	0.1
Long-Term Leases	3.3	3.2	4.58	2.86	2.39	2.76
Long-Term Deferred Tax Liabilities	-	-	-	-	0.04	0.71
Other Long-Term Liabilities	-	-	-	1.82	1.71	-
Total Liabilities	30.5	32.66	31.26	30.8	29	15.11
Common Stock	96.23	94.8	90.67	85.48	82.1	67.95
Additional Paid-In Capital	29.93	29.6	27.59	24.55	19.88	10.48
Retained Earnings	-135.74	-128.56	-121.89	-93.38	-61.22	-19.01
Comprehensive Income & Other	1.03	0.69	0.8	0.22	0	-
Shareholders' Equity	-8.54	-3.46	-2.83	16.87	40.77	59.42
Total Liabilities & Equity	21.96	29.2	28.44	47.67	69.77	74.53
Total Debt	8.65	9.01	9.2	6.92	5.51	3.1
Net Cash (Debt)	-7.46	-6.04	-7.4	-3.47	6.69	15
Net Cash Growth	-	-	-	-	-55.43%	-
Net Cash Per Share	-0.04	-0.03	-0.04	-0.02	0.04	0.09
Filing Date Shares Outstanding	187.53	186.69	178.88	178.58	170.13	164.5
Total Common Shares Outstanding	187.31	184.14	178.88	173.58	170.13	159.15
Working Capital	-14.05	-9.22	-7.01	1.65	14.01	13.8
Book Value Per Share	-0.05	-0.02	-0.02	0.10	0.24	0.37
Tangible Book Value	-10.28	-4.92	-4.13	12.27	35.51	58.71
Tangible Book Value Per Share	-0.05	-0.03	-0.02	0.07	0.21	0.37
Machinery	-	4.4	4.36	4.32	3.18	2.48
Construction In Progress	-	-	-	-	2.02	1.94
Leasehold Improvements	-	2.45	2.14	2.1	0.93	0.18

Updated Nov 7, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.