NASDAQ$PESI

Perma-Fix Environmental Svcs · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Perma-Fix reported a decline in revenue and net income in Q4 2024 due to project delays and lower waste volumes.

Perma-Fix faced a challenging Q4 2024, with revenue declining to $14.7 million, driven by lower waste volume and delays in project starts. The company reported a net loss of $3.5 million and an operating loss of $3.6 million. Despite short-term financial pressures, management expects revenue growth in 2025, supported by increased waste processing capacity and new contract wins.

  • Revenue for Q4 2024 declined to $14.7 million from $22.7 million in Q4 2023.
  • Net loss of $3.5 million compared to a net income of $81,000 in Q4 2023.
  • Gross profit dropped significantly to $594,000 from $4.3 million in the prior year quarter.
  • Management expects a recovery in 2025, with increasing waste volume receipts and backlog growth.

Headline financials

Total Revenue

$14.7M

Previous: $22.7M-35.3%
EPS (adj)

-$0.22

Previous: $0.01-2300.0%
EBITDA from continuing operations

-$3.01M

Previous: $434K-794.5%
Capital Expenditures

-$1.28M

Previous: $328K-489.9%
Free Cash Flow

-$4.49M

Previous: $5.85M-176.7%
Net Income

-$3.49M

Previous: $81K-4408.6%
Operating Income

-$3.59M

Previous: $68K-5375.0%
Gross Profit

$594K

Previous: $4.3M-86.2%
Cash & Equivalents

$29M

Previous: $7.5M+286.3%
Total Assets

$97.2M

Previous: $78.7M+23.5%
R&D Expense

$300K

Previous: $221K+35.7%

Revenue & EPS history

Perma-Fix · Revenue · Quarterly

$14.7M

Q4 2024-35.3%vs Q4 2023
Beat estimate in 5 of 11 quarters(45%)
ActualEstimate

Revenue by segment

Perma-Fix · $14.7M total across 2 segments · Q4 2024

  • Treatment Segment
    $8.84M-13.8%
  • Services Segment
    $5.87M-52.9%

Forward guidance

Perma-Fix expects a return to revenue growth and profitability in 2025, with key projects and waste processing operations ramping up.

Tailwinds

  • Projected revenue growth with increased waste processing capacity.
  • Backlog and contract pipeline expected to drive higher revenue.
  • Expansion into PFAS treatment technology showing promising results.
  • DOE’s Direct-Feed Low-Activity Waste (DFLAW) program anticipated to begin in mid-2025.
  • International expansion efforts, including operations in Italy, progressing as planned.

Headwinds

  • Short-term revenue impacted by delays in project starts and waste receipts.
  • Continued uncertainty in federal budget allocations affecting procurement cycles.
  • Operating losses may persist in the near term due to fixed cost structure.
  • Higher investment in PFAS technology affecting profitability.
  • Macroeconomic conditions and regulatory factors could impact growth trajectory.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.9%

Avg return

Earnings day

+4.0%

Avg return

5 days after

+3.6%

Avg return

30 days after

52%

34 / 66 earnings

Positive

+35.9%

Q3 2019

Best reaction

-15.6%

Q4 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.3%-6.9%-18.2%
Q4 2025-3.6%-9.2%+5.5%
Q3 2025+16.1%-2.7%+10.8%
Q2 2025+0.9%+5.4%+8.3%
Q1 2025+3.3%+6.1%+4.3%
Q4 2024+1.0%-0.3%-0.3%
Q3 2024-6.5%-11.6%-20.2%
Q2 2024-1.0%+8.8%-4.8%
Q1 2024+8.9%+7.6%-16.6%
Q4 2023+10.7%+11.3%+40.8%
Q3 2023-7.5%-15.1%-21.0%
Q2 2023+7.7%+27.4%+37.6%
Q1 2023+14.2%+30.4%+38.1%
Q4 2022+2.2%+16.7%-9.7%
Q3 2022-2.5%-2.9%-9.0%
Q2 2022-1.3%-1.9%-10.3%
Q1 2022+4.2%+4.6%-3.7%
Q4 2021+0.2%+3.4%+3.1%
Q3 2021-5.1%+2.3%+8.3%
Q2 2021-2.7%-3.7%+4.2%
Q1 2021-1.5%+2.3%-6.9%
Q4 2020-0.5%+1.5%+0.1%
Q3 2020+0.2%-2.0%-8.5%
Q2 2020+1.3%+2.1%-1.4%
Q1 2020+2.7%+11.3%+0.4%
Q4 2019-1.6%+17.8%+38.4%
Q3 2019+35.9%+46.0%+45.6%
Q2 2019+0.3%+0.5%-0.3%
Q1 2019-5.0%-13.0%-9.7%
Q4 2018+3.1%+11.7%+31.8%
Q3 2018-0.3%-14.2%-28.8%
Q2 2018+4.5%+10.1%+7.9%
Q1 2018+3.3%+1.1%+3.3%
Q4 2017+1.2%+2.5%+8.6%
Q3 2017+12.5%+11.1%+6.9%
Q2 2017-8.0%-8.0%+14.7%
Q1 2017+10.9%+9.4%+7.8%
Q4 2016-1.6%-3.1%+0.0%
Q3 2016+3.9%+1.3%-7.6%
Q2 2016+5.9%+2.3%-5.1%
Q1 2016+2.0%
Q4 2015-1.4%
Q3 2015-0.2%
Q2 2015+1.6%
Q1 2015+6.4%
Q4 2014-9.6%
Q3 2014+14.0%
Q2 2014-2.9%
Q1 2014-4.7%
Q4 2013-15.6%
Q3 2013-3.7%
Q2 2013+21.0%
Q1 2013-15.4%
Q4 2012+8.7%
Q3 2012-7.0%
Q2 2012-6.5%
Q1 2011-4.1%
Q1 2012-2.5%
Q4 2009+1.9%
Q4 2011+1.9%
Q3 2011+1.9%
Q3 2010+1.9%
Q2 2010-10.5%
Q2 2011-10.5%
Q4 2010-10.5%
Q1 2010-1.0%

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