PyroGenesis Canada forecasts uplift in revenue and earnings per share for 4Q and full year

PyroGenesis Canada Inc (TSX:PYR) (OTCQB:PYRNF) (FRA:8PY), the high-tech plasma focused group, expects to see an uplift in revenue and earnings per share (EPS) in its fourth quarter to December 31 and for full-year 2020. 

Releasing guidance figures on Monday, the group said it expects revenue of between C$3 million and C$5 million for the fourth quarter and between C$14 and C$16 million for 2020 as a whole. 

READ: PyroGenesis Canada says it has submitted a formal application to list its common shares on the NASDAQ Stock Exchange

That compares to revenue of C$1.07 million in the fourth quarter of 2019 and C$4.8 million for the full year 2019.

Earnings per share for the fourth quarter are forecast to come in between C$0.10 and C$0.12 per share, compared to a loss per share of C$0.04 in 4Q, 2019.

PyroGenesis provides engineering and manufacturing expertise and its turnkey process equipment packages to customers in the defense, metallurgical, mining, advanced materials (including 3D printing), and environmental industries.

In December, it announced it had submitted a formal application to list on the NASDAQ Stock Exchange, the second-largest exchange by market capitalization worldwide and home to many of the world’s best technology companies.

PyroGenesis added that it will continue to maintain the listing of its shares on the Toronto Stock Exchange, and will trade on both exchanges under the ticker symbol “PYR.”

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Story by ProactiveInvestors