PyroGenesis Inc. (PYR) Earnings Call Transcripts
PyroGenesis Inc.'s Latest Earnings Call - Q1 FY2026
In the first quarter of 2026, PyroGenesis Inc. reported revenues of $4.9 million, marking a significant 63% increase year-over-year and the best revenue quarter since 2022. The company achieved a gross margin of 32%, up from 27% in the prior year, indicating improved operational efficiency. Management highlighted a strong backlog of $43.1 million, which is expected to drive future revenue growth, although analysts expressed concerns regarding project timing and execution risks.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $4.9 million (beat) |
| Gross Margin | 32% (beat) |
| Backlog | $43.1 million (positive) |
| SG&A Expenses | $2.2 million (beat) |
| Net R&D Expenses | $0.1 million (beat) |
| Net Finance Expenses | $0.2 million (beat) |
Guidance from management
Management did not provide specific numerical guidance for the upcoming quarters but indicated confidence in the backlog's ability to drive future revenue growth over the next three years.
What analysts pressed on
Analysts expressed concerns regarding the timing of project milestones and execution risks, particularly in the biogas and pollution control segment, which saw a significant revenue decline. There is also apprehension about the potential impact of geopolitical issues on future contracts.
Main topics on the call
- Revenue Growth Acceleration — PyroGenesis reported revenues of $4.9 million for Q1 2026, a 63% increase year-over-year, making it the second-best first quarter in the company's history. Management noted, "These results underscore the resilience of Py...
- Improved Gross Margin — The gross margin improved to 32% from 27% in Q1 2025, reflecting higher revenue volume and a favorable project mix. CFO Andre Mainella stated, "The improvement in gross margin reflects higher revenue volume and a more fa...
- Strong Backlog — The backlog stood at $43.1 million, providing visibility on future revenues, with management indicating that over 85% is in U.S. dollars. This backlog is expected to be recognized into revenue over the next three years a...
- Cost Control Measures — SG&A expenses decreased to $2.2 million from $3.7 million in Q1 2025, driven by improved collection performance and ongoing cost control measures. This reflects management's focus on operational efficiency amidst fluctua...
Read the full PyroGenesis Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About PyroGenesis Inc.
PyroGenesis Inc. (PYR) is a publicly listed company in the Commercial Services and Supplies industry, within the Industrials sector. It trades on TSX and is based in CA. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 22 calls on record spanning February 9, 2022 to August 7, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 22 PyroGenesis Inc. earnings call transcripts on record, spanning February 9, 2022 to August 7, 2026. Based on this history, PyroGenesis Inc. reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- PYR
- Exchange
- TSX
- Country
- CA
- Sector
- Industrials
- Industry
- Commercial Services and Supplies
- Calls on record
- 22
- First call
- February 9, 2022
- Most recent
- August 7, 2026
- Reporting cadence
- quarterly