PyroGenesis Management Commentary Attributes Wider Q3 2026 Comprehensive Loss to Higher Share-Based Compensation

• PyroGenesis management commentary attributed the third-quarter 2026 net loss widening to CAD 3.24 million primarily to higher non-cash share-based compensation.
• Revenue fell to CAD 3.07 million as lower biogas and refrigerant destruction activity outweighed gains in plasma torch contracts.
• Gross margin rose to 35% from 24%, reflecting lower direct material and subcontracting costs, alongside a different contract mix.
• Nine-month revenue reached CAD 12.37 million, driven by plasma torch and refrigerant destruction projects; net loss narrowed to CAD 5.4 million.
• Operating cash outflows totaled CAD 7.2 million over nine months, reflecting working capital demands; cash stood at CAD 148,262 on September 30.

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 November 13, 2026, and is solely responsible for the information contained therein.