Perma-Fix Q2 revenue falls 27% to $16.1M; net income boosted by $5.4M PPP forgiveness

PERMA FIX ENVIRONMENTAL SERVICES INC

2021-Q2 EPS reported $0.15 revenue$39,278,000

Revenue $16.1M vs $22.0M YoY; Services segment down to $8.4M from $14.2M due to COVID delays.
Net income $3.0M ($0.25/sh) includes $5.4M PPP loan forgiveness; Adjusted EBITDA -$1.7M vs +$847K.
Awarded new service contract for Tritium Systems Demolition and Disposal project (18-month term).
Completed design and began fabrication of Therma-Fix Gen 3, a third-generation vacuum thermal desorption system.
Cash over $7M; bidding pipeline valued in hundreds of millions.

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