PyroGenesis Canada (PYRGF) AI Stock Analysis

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PyroGenesis Canada

(Other OTC:PYRGF)

Rating:―N/A

Action:N/A

Date:―

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Positive Factors

Diversified revenue growthGrowth across several commercial platforms reduces reliance on a single project or customer and supports a broader revenue base. If management converts this activity into recurring contracts, the diversified mix could improve operating leverage and make future growth more durable.

Negative Factors

Negative shareholders’ equityPersistently negative equity indicates that accumulated losses have materially weakened the capital structure and limits financial flexibility. This can constrain investment in growth initiatives and leave the company less resilient if operating losses or funding requirements persist.

PyroGenesis Canada (PYRGF) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $45.27M
Dividend Yield: ―
Average Volume (3M): 70.60K
Price to Earnings (P/E): -4.0
Beta (1Y): -0.03
Revenue Growth: 12.59%
EPS Growth: 16.27%
Country: US
Employees: 88
Sector: Industrials
Sector Strength: 63
Industry: Industrial - Machinery

PyroGenesis Canada Business Overview & Revenue Model

Company Description

Montréal-based PyroGenesis Canada Inc. is an international pioneer in the development, manufacturing, and commercialization of advanced plasma processes and systems. Their portfolio includes several proprietary technologies: DROSRITE efficiently reco...

PyroGenesis Canada Earnings Call Summary

Earnings Call Date:Nov 13, 2026(Q3-2026)|Next Earnings Date:Jul 29, 2020

Earnings Call SentimentPositive

The call was broadly positive, with strong first-nine-month revenue growth, improved gross profit and modified EBITDA, a backlog of $39.9 million, successful project completion, new and recurring customers, and progress across multiple technology platforms. The main challenges were the approximately 5% third-quarter revenue decline, a higher quarterly net loss driven by noncash share-based compensation, lower year-to-date gross margin, modest titanium powder order sizes, and continued project timing and input-cost volatility.

Positive Updates

Strong Year-to-Date Revenue Growth

Revenue for the first 9 months of 2026 reached $12.4 million compared with $9.2 million last year, an increase of $3 million or 34%. The first 9 months of 2026 came within $203,000 of matching full-year 2025 revenue and represented the company's best 9-month revenue total since 2022.

Negative Updates

Third-Quarter Revenue Decline

Third-quarter revenue was $3.07 million, or approximately $3.1 million, compared with $3.2 million in the same period last year, a decrease of approximately 5%.

Company Guidance

The company said its backlog of $39.9 million is expected to be recognized over periods ranging anywhere from 6 to 36 months, while its additive division is being positioned for an operational scale up of several times larger than what is currently in place, along with a goal to attract capital to finance that operational scale up; a client has indicated the potential for a monthly supply agreement of up to 1000 kilograms, and the company said it is on track to close out 2026 strongly, with its focus remaining on 4 items: executing the backlog, converting commercial opportunities into contracts, maintaining cost discipline, and building value for shareholders.

PyroGenesis Canada Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

PYRGF against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TSE:REKO	65Neutral	CAD 30.82M	8.91	6.20%	3.56%	7.21%	―
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
TSE:TLA	47Neutral	CAD 12.73M	-14.37	-5.66%	―	-8.43%	-233.47%
TSE:ENW	46Neutral	CAD 23.74M	-13.38	-16.94%	―	9.31%	-124.29%
TSE:DYA	40Underperform	CAD 45.75M	-4.40	718.52%	―	-21.18%	3.67%
TSE:NXH	40Underperform	CAD 27.18M	-2.88	-138.91%	―	374.59%	74.40%

* Industrials Sector Average

Performance Comparison

PYRGF and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
PYRGF	PyroGenesis Canada	0.14	-0.00	-0.71%
TSE:DYA	dynaCERT Inc	0.09	-0.02	-18.18%
TSE:ENW	Enwave Corp	0.21	-0.19	-47.50%
TSE:REKO	Reko International	5.63	1.77	45.85%
TSE:TLA	Titan Logix	0.47	-0.05	-8.65%
TSE:NXH	Next Hydrogen Solutions Inc	0.40	-0.38	-48.72%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

PyroGenesis Canada AI Stock Analysis