Financial Results for 2017 – Pyrogenesis

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While these other companies are reporting their numbers for Q1 2018, high-tech company PyroGenesis, which announced its new Additive Manufacturing division last year, has released its financial and operational results for the fourth quarter of fiscal year 2017, which ended on December 31st, 2017. The company, with a pipeline of over $20MM, is reporting increases all across the board – revenues are up 38%, while gross margins increased to 44% and gross profits are up 258% to $3,126,967, compared to a 2016 loss of $1,980,336.

“2017 was a year in which all key indicators of operational performance posted significant gains, year over year, and once again the Company is well positioned for the coming year. 2016 was a pivotal year for PyroGenesis as the Company decided to re-enter the market for metal powder production (this time for additive manufacturing), and leverage off of both its extensive Plasma expertise and the fact that it invented Plasma Atomization for this space,”

P. Peter Pascali, the President and CEO of PyroGenesis

and follows,

 “2017… saw the commercial acceptance of its patented DROSRITE System with the acceptance of its first commercial sale and a subsequent re-order by the same client. As reviewed in a press release dated February 1st, 2018, we now have visibility on an additional 6-10 DROSRITE systems to be delivered in 2018 and there is a high probability that the Company will be profitable in 2018 from the addition of DROSRITE system sales to our backlog. All this to say that 2017 seems to have set the stage for a profitable 2018.”

P. Peter Pascali, President & CEO of Pyrogenesis

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3DPRINT.com Sarah Saunders CollPlant Completes Investment Agreement https://3dprint.com/212495/3d-printing-news-briefs-5-4-2018/ visited on May 5th, 2018;

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