- PyroGenesis (TSX:PYR), a green technology stock decarbonizing heavy industry, estimates higher year-over-year revenue in Q4 and full-year 2024, supported by a backlog that has doubled over the period
- The underlying company designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions that reduce greenhouse gases and manage waste at attractive economics
- PyroGenesis stock has added 5.26 per cent year-over-year and 36.36 per cent since 2020
PyroGenesis (TSX:PYR), a green technology stock decarbonizing heavy industry, estimates higher year-over-year revenue in Q4 and full-year 2024, supported by a backlog that has doubled over the period.
| 2023 Actual | 2024 Guidance | % Increase | |
| Q4 Revenue | $3,028,255 | > $4 million | > 32% |
| Full-Year Revenue | $12,345,081 | > $15 million | > 22% |
| Backlog | $29 million | > $58 million | > 100% |
The company has issued guidance only three times before in Q3 2021, Q4 2020, Q3 2020, surpassing estimates in each instance.
Investors can expect Q4 2024 and full-year earnings by March 31, 2025.
Management is optimistic about the company’s prospects during U.S. President Donald Trump’s second term in office, as detailed in a thought leadership piece published in November 2024.
Leadership insights
“Assuming the guidance provided, Q4 2024 will be the best quarterly revenue posted since Q3 2022 and continues the upswing in revenues we have witnessed over the past two years,” P. Peter Pascali, president and chief executive officer of PyroGenesis, said in a statement. “This momentum, which we have been tracking and communicating to our readers since our revenue low of Q1 2023, continues to provide evidence that our long-term strategy is paying off. Combined with our revenue backlog of signed contracts in excess of $58 million, and major energy transition trials with industry leaders underway, we are confident that 2025 will maintain this trend.”
About PyroGenesis
PyroGenesis designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions that reduce greenhouse gases and manage waste at attractive economics.
PyroGenesis stock (TSX:PYR) last traded at C$0.60 per share. The stock has added 5.26 per cent year-over-year and 36.36 per cent since 2020.
Join the discussion: Find out what everybody’s saying about this green technology stock on the PyroGenesis Inc. Bullboard and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
(Top photo of a PyroGenesis plasma torch: PyroGenesis)
