Canada · Delayed Price · Currency is CAD PyroGenesis Earnings Call Transcripts
Fiscal Year 2025
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Q4 and full-year 2025 saw revenue and margin declines due to project timing and higher costs, but a strong CAD 47.8 million backlog and major technological advances position the company for future growth. New contracts in energy, materials, and waste sectors support long-term outlook.
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Q3 2025 revenue declined 18.7% year-over-year to $3.25 million, with gross margin at 24%, but backlog remains strong at $51.6 million. Key contracts in energy transition, materials, and waste processing support a positive outlook, with cost controls improving EBITDA and a strong Q4 anticipated.
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Q2 2025 revenue declined 23.6% year-over-year to $3 million due to delayed project starts, but gross margin improved to 56%. Backlog remains strong at $51.1 million, and operational progress included major project completions and new contracts in key sectors.
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Q1 2025 revenue declined 14% year-over-year to $3 million, but gross margin improved to 27%. Backlog remains robust at $52 million, with major new contracts and cost optimization initiatives supporting a positive outlook.
Fiscal Year 2024
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Q4 2024 saw revenue rise 40% year-over-year to CAD 4.22 million, with net income of CAD 145,000 and gross margin at 41.3%. Full-year revenue grew 27% to CAD 15.65 million, and backlog reached $54.4 million, reflecting strong sales and major contract wins.
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Q3 2024 saw revenue rise 9% year-over-year to CAD 4 million, with gross margin improving to 42% and backlog reaching a record CAD 54.9 million. Cost controls reduced losses by 38% year-over-year, and major contract wins in energy and waste sectors support a positive outlook.
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Q2 2024 saw revenue rise 29% year-over-year to CAD 3.93 million, with gross margin improving to 30%. Major contract wins, a significant payment from a Saudi client, and a strong CAD 29.8 million backlog position the company for continued growth.