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, 2021 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) Delaware (State or other jurisdiction of in ...

Financial Data and Key Metrics Changes - Total revenue from continuing operations for Q1 2021 was $23.1 million, a decrease of $1.7 million or 6.9% compared to Q1 2020's $24.9 million [23] - The decrease in revenue was primarily due to a $2.1 million drop in the Treatment Segment, offset slightly by a $341,000 increase in the Services Segment [23][24] - Gross profit for the quarter was $2.4 million, down from $4.6 million in 2020, reflecting a significant drop in gross margin from 18.7% to 10.2% [25][27] Business Line Data and Key Metrics Changes - The Treatment Segment experienced a revenue decline of $2.1 million due to shipment delays attributed to the COVID-19 pandemic [23][24] - The Services Segment saw modest growth, with revenue increasing by $341,000, driven by ongoing projects in California, Washington State, and Canada [23][24] - The backlog at the end of March was $6.2 million, down from $7.6 million at year-end and $8.9 million in March 2020 [29] Market Data and Key Metrics Changes - The bidding pipeline is described as more robust than ever, with an unprecedented number of outstanding bids collectively valued in the hundreds of millions of dollars [10] - The company forecasts about $100 million in new procurements and task order values over the next six months based on existing contracts [11] - The company is optimistic about the return to normalization in the Services Segment, despite ongoing delays in bid evaluations and awards [9] Company Strategy and Development Direction - The company remains focused on waste management and radiological remediation, leveraging its technical and management talent to pursue opportunities [9][10] - The company is optimistic about the TBI program, which is seen as a potential solution for treating low-level waste from the Hanford reservation [14][17] - The company has invested heavily in its capabilities and facilities, maintaining four treatment facilities, including the newly established Environmental Waste Operations Center [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term prospects of the company, despite the ongoing impacts of COVID-19 [7][18] - The company anticipates a return to strong organic growth by Q3 2021, as it begins to see improvements in its pipeline [18] - Management highlighted the importance of government funding and support for the TBI program, which remains funded in the FY 2020 federal budget [15][17] Other Important Information - The company welcomed Kerry Duggan to its Board of Directors, who brings significant experience in environmental policy [21][22] - The company is actively pursuing forgiveness for its PPP loan, with the application submitted in October and awaiting response [67] Q&A Session Summary Question: How is the company handling COVID-19? - Management confirmed that there are currently no COVID-19 cases within the company and that many employees are vaccinated [33] Question: Is the TBI program a potential solution for the leaking tanks at Hanford? - Management indicated that while the TBI program represents a safe option for waste treatment, they have not yet discussed specific plans with the DOE [34][35] Question: What is the current status of the company's backlog? - The Services backlog is approximately $15 million, while the Treatment backlog is closer to $7 million [45][46] Question: Are there any constraints to growth as business expands post-COVID? - Management noted that delays in bid awards have been a surprise, but they expect task orders to start coming in soon [50][51] Question: What is the outlook for international business? - Management expressed excitement about international opportunities, particularly shipments from Europe, Mexico, and Canada [56] Question: What is the intrinsic value of the company's treatment facilities? - Management stated that it would be nearly impossible to replicate their facilities, estimating a replacement cost of over $50 million for each plant [60][62] Question: What is the status of the PPP loan forgiveness? - The company is optimistic about receiving forgiveness for the PPP loan within the next 3 to 6 months [67]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 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. 111596 PERMA-FIX ENVIRONMENTAL SERVICES, INC. (Exact name of registrant as specified in its ch ...

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) Q4 2020 Results Earnings Conference Call March 29, 2021 10:00 AM ET Company Participants Natalie Redman - Laboratory Manager at the Freshwater Institute Mark Duff - CEO Ben Naccarato - CFO Dr. Lou Centofanti - Executive Vice President of Strategic Initiatives Conference Call Participants Howard Brous - Wellington Shields Operator Good day everyone and welcome to today’s Perma-Fix Fourth Quarter 2020 Conference Call. At this time all participants are in a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 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. 1-11596 PERMA-FIX ENVIRONMENTAL SERVICES, INC. (Exact name of registrant as specified in its charter) | Delaware | 58-1954497 | | --- ...

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) Q3 2020 Earnings Conference Call November 5, 2020 11:00 AM ET Company Participants David Waldman - IR Mark Duff - CEO Ben Naccarato - CFO Dr. Lou Centofanti - Executive Vice President of Strategic Initiatives Conference Call Participants Howard Brous - Wellington Shields Operator Good day ladies and gentlemen and welcome to Perma-Fix Environmental Third Quarter 2020 Business Update Call. [Operator Instructions] As a reminder, this conference is being reco ...

Financial Data and Key Metrics Changes - The company achieved profitability in Q2 2020, with revenue increasing by 29% year-over-year to $22 million [9][13] - Adjusted EBITDA was approximately $847,000, down from $1 million in the same period last year [14][30] - Net income attributable to common shareholders was $204,000, consistent with $0.02 per share, compared to $289,000 in the prior year [14][30] Business Line Data and Key Metrics Changes - Services Segment revenue increased by 102% to $14.2 million, driven by improved project activity [13][22] - Treatment Segment revenue decreased by 22.3% to $7.8 million due to COVID-related impacts on waste receipts [13][23] Market Data and Key Metrics Changes - The backlog for the Services Segment was approximately $48 million, indicating strong future revenue potential [11][32] - The Treatment Segment backlog was approximately $6.4 million, reflecting a decrease due to slower waste receipts [32][62] Company Strategy and Development Direction - The company is focusing on expanding its nuclear services and enhancing its offerings to the commercial sector [15][19] - New initiatives include the deployment of the Perma-Sort system, which has shown promising results in processing radioactive soils [21][69] - The company aims to achieve a 10% EBITDA margin, although current margins may be lower due to the high percentage of revenue from the Services Segment [56] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery of waste receipts and anticipated increases in revenue in Q3 and Q4 [19][80] - The company has successfully navigated the challenges posed by COVID-19, maintaining operations and securing a PPP loan to support its workforce [18][25] Other Important Information - The company has only reported one COVID-19 case among its employees, highlighting effective safety measures [16] - The company is awaiting final permit modifications for the GeoMelt business, which could significantly increase revenue once operational [74] Q&A Session Summary Question: Update on EPA contract with Jacobs - Management noted that an announcement regarding the contract is expected soon [36][38] Question: Status of Navy contracts - Management confirmed ongoing work on several Navy contracts, with positive progress [39] Question: Revenue recognition and backlog - Management explained that revenue is recognized in phases, and a backlog exists despite current delays [47][62] Question: Treatment Segment expansion opportunities - Management highlighted the potential for increased revenue from the GML and commercial sector, aiming for $10 million to $15 million annually [88][89] Question: Impact of PPP loan on financials - Management indicated that without the PPP loan, significant labor-related decisions would have been necessary, potentially impacting productivity [64] Question: Future opportunities with DOE funding - Management anticipates increased opportunities as DOE funding is expected to carry over into the next fiscal year [80]

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) Q1 2020 Earnings Conference Call May 12, 2020 11:00 AM ET Company Participants David Waldman - IR Mark Duff - President & CEO Ben Naccarato - EVP & CFO Lou Centofanti - EVP, Strategic Initiatives Conference Call Participants Howard Brous - Wellington Shields Sam Rebotsky - SER Asset Management Stephen Levenson - Big Rock Research Avram Fisher - Long Cast Advisers Operator Good day, ladies and gentlemen, and welcome to your Perma-Fix First Quarter 2020 Con ...

Financial Data and Key Metrics Changes - Revenue for Q3 2019 increased by 88% to $22.5 million compared to the prior year [9] - Adjusted EBITDA for Q3 2019 was $2.4 million, up from $510,000 in the same period last year [10][24] - Net income attributable to common stockholders for Q3 2019 was $1.8 million or $0.15 per share, compared to $221,000 or $0.02 per share in the prior year [10][23] Business Line Data and Key Metrics Changes - Services segment revenue increased by 332% to $12.4 million, driven by increased project work [9][18] - Treatment segment revenue increased by 10.7% to $10.1 million, primarily due to higher average pricing [18] Market Data and Key Metrics Changes - The backlog at the end of the quarter was $10.6 million, down from $11.1 million at year-end but up from $9.4 million at September 2018 [27] - The company anticipates a strong financial outlook for the remainder of 2019 and into 2020 due to successful contract wins [10][11] Company Strategy and Development Direction - The company is focused on expanding its market base in the treatment segment through aggressive marketing initiatives [14] - New technologies are being developed to enhance service offerings, including a soil-sorting system and comprehensive equipment dismantlement capabilities [12][13] - The company aims to achieve an annualized revenue of $100 million by the end of 2020 [46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory and operational efficiencies achieved over the past few years [16][17] - The company is well-positioned for future growth with a strong client reference base and numerous bidding opportunities [11][12] Other Important Information - The company closed its M&EC facility, resulting in $5 million in cash and a reduction in fixed costs [14][30] - Cash on the balance sheet increased to $2.4 million from $810,000 at year-end [25] Q&A Session Summary Question: Future revenue split between treatment and services - Management expects a 50-50 split for the current year, shifting to 40% treatment and 60% services in 2020, with potential for 70% services in subsequent years [38][39] Question: EBITDA to free cash flow conversion - Management indicated that capital spending will increase, impacting free cash flow, but expects strong EBITDA moving forward [41][42] Question: Unbilled receivables and revenue conversion - Most unbilled receivables are expected to convert to revenue within 15 days due to the nature of service contracts [44] Question: Industry trends and company positioning - Management noted that changes in large firms like AECOM and Fluor may not significantly impact the company, as it operates in a niche market [59][61] Question: Cost of rebuilding treatment plants - Estimated cost to rebuild the three plants is around $40 million to $50 million, excluding intangibles [66][67]

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) Q2 2019 Earnings Conference Call August 8, 2019 11:00 AM ET Company Participants David Waldman - Member of Supervisory Board Mark Duff - President and Chief Executive Officer Ben Naccarato - Chief Financial Officer Conference Call Participants Bill Nasgovitz - Heartland Advisors Steve Levenson - Big Rock Research Todd Helman - Huntington Bank Operator Good day, ladies and gentlemen, and welcome to Perma-Fix Environmental Second Quarter 2019 Business Updat ...