# PyroGenesis Posts 5.5% Q3 Revenue Decline to $3.07 Million

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/56652
Published: 2026-11-13T12:59:19.000Z
Updated: 2026-11-13T12:59:19.000Z
Section: Business

> The modified EBITDA loss narrowed to $1.5 million from $1.9 million a year earlier. The Revenue (Order) Backlog stood at $39.9 million as of Nov. 12.

PyroGenesis Inc. posted a 5.5% year-over-year revenue decline for the third quarter, while its modified EBITDA loss narrowed, putting weaker sales alongside an improved loss measure.

Revenue was $3.07 million. The modified EBITDA loss was $1.5 million, compared with $1.9 million in the year-earlier period.

As of Nov. 12, the company’s Revenue (Order) Backlog was $39.9 million in contracts that were signed and/or awarded. Eighty-five percent of the backlog was denominated in U.S. dollars.

PyroGenesis is not providing specific revenue or net income guidance for 2026. The company pointed to its past practice and the early stage of market adoption for its core business lines.