PyroGenesis Canada (TSE:PYR) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
PyroGenesis Inc. reported strong third quarter results, with a 9% increase in revenue and a record backlog of $54.9 million, driven by growth in its military, aerospace, and waste destruction sectors. The company has also achieved significant cost savings of over $3 million annually and is poised for future growth with a major new plasma torch contract. Additionally, PyroGenesis announced a name change and relocation to a larger headquarters in Montreal.
For further insights into TSE:PYR stock, check out TipRanks’ Stock Analysis page.
