• PyroGenesis Inc. published its MD&A for Q1 2026, reporting revenue of CAD 4.87 million, up from CAD 2.99 million, driven by higher torch-related sales and SPARC refrigerant destruction activity.
• Gross margin rose to 32% from 27%; comprehensive loss narrowed to CAD 1.03 million from CAD 4.37 million; Modified EBITDA loss improved to CAD 327,802 from CAD 2.97 million.
• Backlog of signed and/or awarded contracts was CAD 43.1 million, with 86% denominated in US dollars; revenue recognition expected over up to about three years.
• Cash ended period at CAD 526,220; working capital deficiency was CAD 13.76 million; operating cash outflow was CAD 1.88 million.
• Outlook maintained with no specific revenue or net income guidance for 2026; focus remained on cost optimization, collection of a major DROSRITE receivable, progression of SPARC commercialization, titanium powder orders, plus negotiations tied to a proposed 1,000 tpy fumed silica joint venture and a potential US$20 million reactor build.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PyroGenesis Inc. published the original content used to generate this news brief on May 08, 2026, and is solely responsible for the information contained therein.