Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data PyroGenesis Canada Inc. files with the SEC in its annual reports.
In CAD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2020
FY2020
FY2021
FY2022
Revenue
4.81
17.8
31.1
19
Cost of revenue
3.52
7.47
18.6
10.9
Gross profit
1.3
10.3
12.4
8.14
Research and development
0.85
-0.73
2.54
2.32
Selling, general and administrative
6.19
12.3
27.2
29
Operating income
-8.11
-1.3
-17.3
-23.2
Interest expense
-0.12
0.08
0.09
Interest income
0.05
0.14
Pre-tax income
-9.17
42.8
-39.2
-32.1
Income tax
1.03
-0.74
0.08
Net income
-9.17
41.8
-38.4
-32.2
EPS, basic
-0.07
0.28
-0.23
-0.19
EPS, diluted
-0.07
0.27
-0.23
-0.19
Balance sheet
FY2020
FY2020
FY2021
FY2022
Cash and equivalents
0.03
18.1
12.2
3.45
Receivables
0.21
3.33
17.6
Inventory
0.89
1.88
Total current assets
1.33
25.3
38.8
27.4
Property, plant and equipment
1.98
2.53
3.71
3.39
Lease right-of-use assets
3.74
3.7
5.77
4.82
Goodwill
2.66
2.66
Intangible assets
0.74
0.91
2.77
2.1
Total assets
9.58
74.5
69.8
47.7
Accounts payable
4.91
4.71
10.1
10.1
Total current liabilities
11.8
11.5
24.8
25.8
Lease liabilities
3.85
2.76
2.39
2.86
Total liabilities
15.7
15.1
29
30.8
Total debt
0.5
0.11
0.19
0.39
Retained earnings
-60.2
-19
-61.2
-93.4
Total equity
-6.08
59.4
40.8
16.9
Total liabilities and equity
9.58
74.5
69.8
47.7
Cash flow statement
FY2020
FY2020
FY2021
FY2022
Net income
-9.17
41.8
-38.4
-32.2
Cash from operations
-3.3
-0.81
-18.1
-11.1
Capital expenditures
-0.82
-0.7
-1.5
-0.4
Cash from investing
-0.74
4.93
2.72
-0.37
Debt issued
0.46
0.2
0
0.29
Debt repaid
-0.12
-0.02
-0.03
Stock issued
3.72
12.1
0
1.32
Share buybacks
-0.96
-4.18
0
Cash from financing
3.43
14
9.47
2.64
Exchange rate effect
-0.03
0.01
0.1
Net change in cash
-0.61
18.1
-5.9
-8.76
Free cash flow
-4.12
-1.52
-19.6
-11.5
Key metrics
Worked out from the statements above. Latest values use fiscal 2022. No valuation: the share price is quoted in a different currency than the statements.
Profitability
Metric
Value
How it is calculated
Gross margin
42.8%
Gross profit / revenue.
Operating margin
-122.0%
Operating income / revenue.
Pre-tax margin
-168.8%
Pre-tax income / revenue.
Net margin
-169.2%
Net income / revenue.
FCF margin
-60.6%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-58.5%
Cash from operations / revenue.
Return on assets (ROA)
-54.8%
Net income / average total assets.
R&D / revenue
12.2%
Research and development expense / revenue.
SG&A / revenue
152.7%
Selling, general and administrative expense / revenue.
Capex / revenue
2.1%
Capital expenditures / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-38.8%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
58.1%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
-34.5%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
84.4%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-31.7%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
70.7%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.06x
Current assets / current liabilities.
Quick ratio
0.13x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.13x
(Cash + short-term investments) / current liabilities.
Debt / assets
0.8%
Total debt / total assets.
Liabilities / assets
64.6%
Total liabilities / total assets.
Net debt
-CA$3.1M
Total debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage
-260x
Operating income / interest expense.
Working capital
CA$1.7M
Current assets - current liabilities.
Goodwill and intangibles / assets
10.0%
(Goodwill + intangible assets) / total assets.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.32x
Revenue / average total assets.
Fixed asset turnover
5.35x
Revenue / average property, plant and equipment.
Inventory turnover
7.87x
Cost of revenue / average inventory.
Days inventory
46 days
365 x average inventory / cost of revenue.
Days payables
339 days
365 x average accounts payable / cost of revenue.
Per share
Metric
Value
How it is calculated
EPS, diluted
-CA$0.19
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-CA$0.19
Net income per basic share, as reported (split-adjusted).
What was PyroGenesis Canada Inc.'s revenue in fiscal 2022?
PyroGenesis Canada Inc. reported revenue of CA$19.0M for fiscal 2022, 38.8% lower than the year before.
Was PyroGenesis Canada Inc. profitable in fiscal 2022?
No. It reported a net loss of CA$32.2M.
How much free cash flow did PyroGenesis Canada Inc. generate in fiscal 2022?
Cash from operations of CA$11.1M minus capital expenditures of CA$396.1K left free cash flow of -CA$11.5M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.