PyroGenesis nine-month revenue up 35% as Q3 sales dip to $3.1M
PyroGenesis reported nine-month revenue of $12.4M, up about 35%, while third-quarter revenue slipped and the quarterly loss widened, per TradingView.
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what happened
PyroGenesis Inc. said its revenue for the first nine months of 2026 rose about 35% to $12.4M from $9.2M a year earlier. The company linked the growth to progress on its plasma torch work and the SPARC contract.
Third-quarter revenue, however, came in at $3.1M, versus $3.2M a year before. Backlog stood at $39.9M as of November 12, with revenue expected over roughly three years. The information was distributed by GlobeNewswire and published on TradingView.
why it matters
The quarterly comprehensive loss widened to $3.2M from $2.5M, mainly due to $1.4M higher SG&A, including non-cash share compensation. Cash was only $0.2M and the working capital deficiency reached $8.7M, so investors will watch financing and how quickly the backlog turns into cash.
market impact
PYR: weak quarter and thin liquidity put pressure on the company's shares
tags
instruments
sources
- PyroGenesis Inc. (PYR) Nine-Month Revenue Rose 35% to $12.4M — TradingView, 13 November 2026 at 01:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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