PyroGenesis Announces 3rd Quarter 2026 Financial Results
Globe Newswire•12/11/2026•20:00 ET
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Key Highlights
- ➤Nine-month revenue $12.4 million, up $3.2 million year-over-year
- ➤Q3 revenue $3.07 million, down 5% year-over-year
- ➤Q3 net loss widened to $3.2 million from $2.2 million
- ➤Backlog $39.9 million as of November 12, with 85% in U.S. dollars
- ➤Completed acquisition of 50% HPQ Silica Polvere ownership, securing FSR technology rights
Expert Statements
P. Peter Pascali, President and CEO of PyroGenesis
“Q3 was an important quarter for the company. We put the finishing touches on several key initiatives to bring them across the finish line, we brought new clients into the fold, and we drove recurring business – a key strategic goal for the company,”
P. Peter Pascali, President and CEO of PyroGenesis
“Most prominently, on the operational side, we completed the acquisition of the 50% ownership in HPQ Polvere, which solidifies our long-term rights-holding of the fumed silica reactor technology for which we have very high expectations.”
P. Peter Pascali, President and CEO of PyroGenesis
“On the project side, we announced receipt of final acceptance certification on a large coke-oven gas and hydrogen extraction system for a global steelmaker in India, ending the one-year operational liability period and formally transferring responsibility for future operation of the system to the client. Finally, in new business, we announced three new titanium powder clients – two of which have already placed multiple follow-up orders – plus a new plasma torch client in Europe. All in all, yet another example of our diversified business model in action, and part of the reason why we have already matched the full-year revenues for two of the past three years with our best nine-month revenue total since 2022.”
Nine-month revenue is best since 2022. Backlog of $39.9 million.
MONTREAL, Nov. 12, 2026 (GLOBE NEWSWIRE) -- PyroGenesis Inc. (“PyroGenesis” or “the Company”) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), a leader in ultra-high temperature processes and engineering innovation, and a plasma-based technology provider to heavy industry & defense, today announces its financial and operating results for the third quarter ended September 30, 2026.
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