PyroGenesis Canada Inc. specializes in designing and manufacturing plasma processes for metal recovery. While it has a gross margin of 31.6%, indicating potential profitability, its negative EBITDA and net margins of -36.1% and -25.6% raise concerns about operational efficiency. Additionally, a current ratio of 0.61 suggests liquidity issues, which may hinder short-term obligations. The stock price of $0.22 reflects a low market cap of $49.80M, highlighting potential undervaluation despite financial struggles. Overall, while there are strengths in its technology, significant financial challenges remain.
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Company has $1.3M in cash but burned $3.0M last quarter. At this burn rate, only 0.4 quarters of runway remain without additional financing.
Gross profit margin declined from 41.4% to 27.1% year-over-year, suggesting pricing pressure or rising input costs are squeezing profitability.
Company posted a loss of $-9.7M over the last year, representing 61.4% of revenue.
Operating cash flow has been negative for 3 consecutive quarters, burning $11.8M over the last year.
Revenue growing at 11.6% YoY, outpacing typical market growth rates.
Low debt-to-revenue ratio of 17.0% indicates conservative financial management.
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Based on 2026-Q2 (June 30, 2026)