Plasma-based technology provider PyroGenesis' Q3 revenue declines, gross margin falls

PyroGenesis

12/11/2025 09:03

Overview

PyroGenesis Q3 revenue falls 18.7% yr/yr, reflecting project phase fluctuations

Gross margin declines to 24% from 42% in Q3 2024

Company secures C$1.2 mln contract with cement industry customer

Outlook

Company is not providing specific revenue or net income guidance for 2025

Company focuses on innovation in high temperature processes for heavy industry

Company sees significant market opportunity in heavy industries and defense

Result Drivers

NEW CONTRACTS - Secured a C$1.2 mln contract with a cement industry customer for plasma torch system, highlighting expansion into new sectors

FUMED SILICA ADVANCES - Significant progress in fumed silica reactor, tripling material surface area performance, moving closer to commercial readiness

STRATEGIC VERTICALS - New agreements in Europe for plastic waste and energy transition projects with Constellium show strength in strategic verticals

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
C$3.25 mln
Q3 Gross Margin
24.00%


Press Release: ID:nGNX8yVL6B

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)