secwatch.observer — SEC 8-K summary
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Issuer:     PERMA FIX ENVIRONMENTAL SERVICES INC (PESI)
CIK:        0000891532
Form:       8-K
Filed at:   2021-08-11T23:59:59+00:00
Accession:  0001493152-21-019282
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/891532/000149315221019282/0001493152-21-019282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/891532/000149315221019282/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-019282

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