Perma-Fix anticipates Q1 2024 net loss of ~$3.5M; cites temporary impacts

PERMA FIX ENVIRONMENTAL SERVICES INC

2024-Q1 EPS reported -$0.26 revenue$13,617,000

Anticipates Q1 2024 net loss of approx. $3.5M, subject to finalization.
Nearly $1.5M in impacts from three primary facility outages in March.
Investments in PFAS R&D, weather closures, and federal budget delays contributed.
Two large Services Segment projects completed; new starts delayed to late April.
Management believes impacts are limited duration; Q2 not significantly affected, H2 well positioned.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PERMA FIX ENVIRONMENTAL SERVICES INC reported the first quarter of 2024 results: net income net loss of approximately $3.5 million.

Period: the first quarter of 2024
Net income: net loss of approximately $3.5 million
Result: preliminary results

Exact text from the filing

the Company anticipates it will generate a net loss of approximately $3.5 million in the first quarter of 2024

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Source: SEC EDGAR

accession 0001493152-24-014242

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