Core Insights - Edge Total Intelligence Inc. has appointed Christopher Leichtweis to its Industry Advisory Council, enhancing its team of industry experts to drive innovation and operational excellence [2][21] - Leichtweis brings extensive experience from the Architecture, Engineering, and Construction (AEC) sectors, as well as from his role in the motorsports industry, which will aid in expanding edgeTI's market presence [21][23] Company Overview - Edge Total Intelligence Inc. specializes in real-time Digital Twin software that facilitates and secures AI adoption [2] - The company aims to improve operational efficiency and decision-making through its edgeCore™ platform, which integrates various software applications and data sources [23] Advisory Council Composition - Christopher Leichtweis is the fourth advisor to join the Industry Advisory Council, which includes other notable advisors such as David Kris, Michael Ostrum, and Timothy Faulkner [20] - The council's goal is to promote the adoption of Digital Twins and safeguard AI solutions across various industries [20] Leichtweis's Background - Leichtweis is the founder and CEO of AERO B Motorsports and has a history of leading successful ventures in engineering, environmental, and software sectors [3][7] - He previously served as CEO of North Wind Group, which had a budgeted annual revenue of over $600 million in 2022 and achieved more than 1000% organic growth during his tenure [15] Strategic Vision - Leichtweis expressed his commitment to data-driven decision-making and aims to leverage his experience with edgeTI's solutions to enhance market share in the AEC sector and beyond [16] - The company plans to announce additional advisors to further strengthen its advisory council [16]

Core Viewpoint - Perma-Fix Environmental Services, Inc. has announced a public offering of 2,200,000 shares of common stock at a price of $10.00 per share, expecting gross proceeds of approximately $22 million before expenses [1][2]. Group 1: Offering Details - The offering includes a 30-day option for the underwriter to purchase up to 330,000 additional shares at the public offering price [1]. - The expected closing date for the offering is around December 19, 2024, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to: - Continued research and development for the patent-pending Perma-FAS process aimed at PFAS destruction and the installation of a second-generation commercial treatment unit [2]. - Ongoing capital expenditures and maintenance costs for facilities [2]. - General corporate and working capital purposes [2]. Group 3: Underwriters and Advisors - Craig-Hallum is serving as the sole managing underwriter for the offering, while Wellington Shields is acting as the financial advisor [3]. Group 4: Company Overview - Perma-Fix is a leading provider of nuclear and mixed waste management services, including management and treatment of radioactive waste for various federal agencies and the commercial nuclear industry [6]. - The company operates four nuclear waste treatment facilities and offers a range of services including project management, environmental restoration, and radiological protection [6].

Core Viewpoint - Perma-Fix Environmental Services, Inc. has initiated an underwritten public offering of its common stock, with the offering subject to market conditions and no assurance on completion or terms [1][4]. Group 1: Offering Details - The net proceeds from the offering will be allocated to continued R&D and business development for the patent-pending Perma-FAS process aimed at PFAS destruction, installation of a second-generation Perma-FAS commercial treatment unit, ongoing facility capital expenditures, maintenance costs, and general corporate purposes [2]. - Craig-Hallum is the sole managing underwriter for the proposed offering [3]. Group 2: Company Overview - Perma-Fix is a leading provider of nuclear and mixed waste management services, offering management and treatment of radioactive and mixed waste for various sectors including hospitals, research labs, federal agencies, and the commercial nuclear industry [6]. - The company operates four nuclear waste treatment facilities and provides a range of services including project management, environmental restoration, decontamination, and radiological protection [6].

Financial Data and Key Metrics Changes - The company reported revenue of $16.8 million for Q3 2024, a decrease of $5.1 million or 23.2% compared to $21.9 million in Q3 2023 [26][28] - Gross profit for the quarter was $1.3 million, down from $4.5 million in the same quarter last year [28] - The net loss from continuing operations was $8.8 million, compared to a net income of $246,000 in the previous year [30] - Total basic loss per share was approximately $0.57, compared to a basic income per share of $0.03 last year [31] Business Segment Data and Key Metrics Changes - In the Treatment segment, revenue decreased by $1.7 million due to lower volume and average price, impacted by reduced waste receipts and operational disruptions [27] - The Services segment revenue fell by $3.4 million, primarily due to the completion of two large projects replaced by smaller ones [26][28] - Gross profit in the Treatment segment dropped by $1.1 million, while the Services segment saw a decrease of $2.1 million [28] Market Data and Key Metrics Changes - The company anticipates receiving several larger waste streams from international sources, including Canada, Mexico, and Germany, expected to generate nearly $7 million in revenue [16] - The company is progressing with a €50 million contract in Italy, with remediation activities expected to start in late 2025 or early 2026 [17] Company Strategy and Development Direction - The company is focused on penetrating the PFAS market, with significant investments in PFAS technology deployment totaling $930,000 for the quarter and $1.6 million year-to-date [13] - The company aims to enhance operational capabilities through the acquisition of the Environmental Waste Operations Center, which will allow for higher productivity and larger waste volumes [15] - The company is pursuing new government and commercial opportunities, targeting several new procurements expected to bring in over $100 million in annual revenues by 2025 [23] Management's Comments on Operating Environment and Future Outlook - Management noted that while market softness has been experienced, trends are beginning to improve, and they are optimistic about revenue generation and productivity improvements [25] - The company is confident in its ability to handle increased capacity as the Hanford facility ramps up operations in 2025 [59] - Management expressed optimism regarding the new administration's focus on commercialization of waste treatment, which aligns with the company's offerings [68] Other Important Information - The company has a treatment backlog of $7.8 million as of September 30, 2024, down from $8.7 million at the end of December 2023 [33] - The company is positioned to receive DFLAW affluent based on anticipated volumes, with expansion programs being designed to support full-scale operations [22] Q&A Session Summary Question: Can you discuss the transformative opportunities for 2025 and 2026? - Management projected revenues from PFAS in 2025 to be in the $3 million to $5 million range, assuming operational optimization and additional units [36] Question: How is the company preparing for the near-term challenges in Q4 and 2025? - Management indicated that Q4 is showing improvement in waste receipts and operational stability, with a good backlog at all plants [53] Question: What is the status of the partnerships related to PFAS treatment? - Management is exploring partnerships with firms that have developed concentrators for PFAS, aiming to treat high concentration PFAS waste [75] Question: What are the prospects for the Hanford facility and grouting opportunities? - Management noted that the DFLAW facility is designed to treat about 1 million gallons a year, and there are plans for a grouting program for the West area tank farms [90] Question: What is the reasoning behind the write-off of the deferred tax asset? - Management did not provide a detailed response to this question during the call [93]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to __________________ Commission File No. 001-11596 PERMA-FIX ENVIRONMENTAL SERVICES, INC. (Exact name of registrant as specified in its charter) D ...

ATLANTA, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced it will host a conference call at 11:00 AM Eastern Time on Wednesday, November 13, 2024. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2243/51652 or in the investor section of the Company’s website at https://ir.perma-fix.com/conference-calls. The conference call will be available via telephone by dialing toll free 888-506-0062 for U.S. callers o ...

I first wrote about Perma-Fix (NASDAQ: PESI ), a waste treatment and disposal company, for Seeking Alpha in November 2021, nearly three years ago. Even then, PESI investors were awaiting the lucrative Hanford SiteI try to be ahead of the curve, looking for opportunities where the market has not yet figured out or appreciated a company's fundamental business or upcoming catalysts. I have an accounting degree from Creighton University and a Masters in Philanthropy and Nonprofit Development from the University ...

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants David Waldman - Crescendo Communications. Mark Duff - President & Chief Executive Officer Ben Naccarato - Chief Financial Officer Conference Call Participants Howard Brous - Wellington Shields Aaron Spychalla - Craig-Hallum Aaron Warwick - Breakout Investors Operator Greetings, and welcome to the Perma-Fix Fiscal Second Quarter 2024 Earnings Conference Call. At this time, all ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |----------------------------------------------------------------------------|-------|---------------------------------------------| | | | | | the transition period from ___________ ...

ATLANTA, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the "Company") today announced it will host a conference call at 11:00 AM Eastern Time on Thursday, August 8, 2024. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2243/51027 or in the investor section of the Company's website at https://ir.perma-fix.com/conference-calls. The conference call will be available via telephone by dialing toll free 888-506-0062 for U.S. callers or +1 ...