PyroGenesis Announces 2024 Third Quarter Results
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PyroGenesis reported its 2024 Q3 results with a 9% increase in revenue year-over-year, reaching $4 million. The company has a record backlog of $54.9 million and a gross margin of 42%. Cost-cutting measures have resulted in over $3 million in recurring annual savings.
November 07, 2024 | 3:00 am
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PyroGenesis reported a 9% increase in Q3 revenue, a record backlog, and significant cost savings, indicating strong financial health and potential for future growth.
The 9% increase in revenue and record backlog suggest strong demand for PyroGenesis' products. The high gross margin and cost savings indicate efficient operations, which are positive indicators for future profitability and growth.
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