A World leader in advanced plasma processes

Being commercialized in multiple applications around the world including plasma torches, Industrial 3D printing powders, aluminum & zinc dross recovery, waste management and defence - 4 US aircraft carriers

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Message: $4m loss

Today's earnings call well worth listening to WRT to (Loss) and cash burn.

PPP made interesting comment about impact of logistics / shipping delays affect revenue recognition. Product can be built and packed but until it is on ship or on truck the percent complete cannot be recognized as revenue. As soon as the box moves the final 10 feet from dock to vehicle, the revenue goes up.

Company does not foresee a cash raise given cash + marketable securities plus visibility on receivables and downpayments. Also, without going into detail, mentioned a deal to delay by payment  a customer that would result in increased revenue from said customer.

Note: PPP all but confirmed RIO and VALE as clients. Said while PYR would continue not to name them that the companies had published their experiments with plasma (which can only be with PYR).

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