PyroGenesis Canada (TSE:PYR) has released an update.
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PyroGenesis Canada Inc. reports a significant year-over-year revenue increase of 29.6% to $3.93 million in Q2 2024, with a gross profit of $1.12 million and a strong backlog of $29.8 million. The company’s positive financial results reflect consistent revenue growth over five quarters and successful strategic decisions. These achievements underscore PyroGenesis’ growing momentum in the industrial decarbonization and electrification sector.
For further insights into TSE:PYR stock, check out TipRanks’ Stock Analysis page.
