Did the company provide any forward guidance for Q3 2025 or the full year, and what assumptions underlie that guidance?
Answer
Based on the excerpt of the pressârelease that was supplied, PyroGenesis Inc. did not include any forwardâlooking guidance for:
- the third quarter of 2025 (Q3âŻ2025), or
- the remainder of the 2025 fiscal year (fullâyear outlook).
The summary only contains the opening paragraph that introduces the company and announces that it is reporting its financial and operating results for the second quarter ended JuneâŻ30âŻ2025. No section of the text â such as a âManagementâs Discussion and Outlookâ or âGuidanceâ paragraph â is quoted, and none of the key metrics (e.g., revenue, adjusted earnings, capitalâexpenditure plans, or cashâflow expectations) are presented for any future period.
Implications & Underlying Assumptions
Because the pressârelease excerpt does not contain forward guidance, we cannot identify:
| Item | Information from the excerpt | What we cannot determine |
|---|---|---|
| Guidance provision | No guidance for Q3âŻ2025 or FYâŻ2025 is mentioned. | Whether the company did issue guidance elsewhere in the full release (or in a separate investorâpresentation) is unknown. |
| Assumptions behind any guidance | None are disclosed. | The economic, market, or operational assumptions (e.g., commodity price outlook, capitalâbudget timing, salesâpipeline expectations, macroâeconomic trends) that would normally underlie a guidance update cannot be identified. |
How to Verify
- Read the full pressârelease â The complete PyroGenesis Q2âŻ2025 results announcement (usually posted on the companyâs website and on the GlobeNewswire distribution) will contain a âGuidanceâ or âOutlookâ section if the company chose to provide one.
- Check the âManagement Discussion & Analysisâ (MD&A) â For TSXâlisted companies, the quarterly MD&A filed with the Canadian securities regulators typically includes forwardâlooking statements and the assumptions used.
- Look at supplemental investor presentations or webcasts â Companies sometimes issue separate slides or a conference call transcript that includes guidance and the related assumptions (e.g., volume forecasts, pricing, operating cost trends).
Bottom line
From the material presented here, no forward guidance for Q3âŻ2025 or the full 2025 fiscal year is disclosed, and therefore no underlying assumptions can be identified. To obtain that information, you would need to review the complete PyroGenesis Q2âŻ2025 results release (or related investor communications) where the company mayâor may notâhave chosen to provide such forwardâlooking guidance.