PyroGenesis Canada Inc has announced its Q4 and 2015 results.
In 2015 revenues were increased to by 8% to US$6,242,003 year on year, while Q4 revenues were US$2,228,782, representing an increase of 25% compared with US$1,784,676 recorded in Q4 2014.
‘Despite increased revenues year over year and healthy, albeit weaker, margins over the same period, fiscal 2015 results reflect, in part, the impact of the company’s decision to enter the additive manufacturing industry and, as such, may not reflect what may have been expected had the company decided not to pursue this opportunity,’ said P. Peter Pascali, president and CEO of PyroGenesis. ‘PyroGenesis has positioned itself to start producing, in 2016, titanium powders which are highly sought after in the 3D printing market. We look forward to 2016 and, in particular the coming months, as this strategy takes shape.’
This story is reprinted from material from PyroGenesis, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
