Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) Q3 2019 Earnings Conference Call November 7, 2019 11:00 AM ET CompanyParticipants David Waldman - IR Mark Duff - President & CEO Ben Naccarato - CFO Conference Call Participants Howard Brous - Wellington Shields Avram Fisher - Long Cast Advisers Operator Ladies and gentlemen, good day, and thank you all for joining this Perma-Fix Environmental Services Third Quarter 2019 Business Update Conference Call. [Operator Instructions] And as a reminder, today's m ...

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 ...

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) Q1 2019 Earnings Conference Call May 9, 2019 11:00 AM ET Company Participants David Waldman - Member of Supervisory Board Mark Duff - President & CEO Benio Naccarato - CFO, CAO, VP & Secretary Louis Centofanti - EVP, Strategic Initiatives & Executive Director Conference Call Participants Stephen Levenson - Big Rock Research Operator Greeting and welcome to the Perma-Fix Environmental First Quarter 2019 Business Update Conference Call. [Operator Instructio ...

Financial Data and Key Metrics Changes - Total revenue from continuing operations for Q4 2018 was $11.7 million, a decrease of $851,000 or 6.8% compared to Q4 2017's $12.6 million [23] - For the year ended 2018, revenue was $49.5 million compared to $49.8 million in 2017, indicating a slight decline [24] - Gross profit for Q4 2018 was $1.3 million, down from $1.8 million in Q4 2017, primarily due to lower revenue in the Services Segment and additional costs related to the M&EC facility [27] - The net loss from continuing operations for Q4 2018 was $2.4 million compared to a net income of $2.6 million in the prior year [31] - Adjusted EBITDA from continuing operations for Q4 2018 was a negative $167,000 compared to $329,000 in the previous year [32] Business Segment Data and Key Metrics Changes - Treatment Segment revenue increased by $333,000 in Q4 2018 due to higher receipt and production volumes [23] - Service Segment revenue decreased by $1.2 million due to lower project revenue, impacted by the completion of certain phases of ongoing contracts [24] - For the year, Treatment Segment revenue decreased by $1.5 million due to lower processing and disposal revenue [25] - The opening waste backlog increased to $11.1 million at the end of 2018, up from $7.7 million at the end of 2017 [25][34] Market Data and Key Metrics Changes - The company is expanding its hazardous waste processing markets, particularly in the Southeast U.S. [15] - The Department of Energy's new procurement strategy emphasizes accelerated project schedules and waste management metrics, aligning with the company's offerings [20][21] Company Strategy and Development Direction - The company aims to diversify its revenue streams and has recently been awarded several new projects worth approximately $17 million for 2019 [11] - The GeoMelt vitrification unit has commenced commercial operations, allowing the company to address a large inventory of radioactive waste [13] - The company is actively bidding on larger projects within its Services Segment and expects to provide updates as proposals develop [22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged setbacks in Q4 2018 due to an unplanned outage and delays related to the M&EC facility closure, but expressed optimism about the strong backlog and sales pipeline [9][10] - The company entered 2019 with a treatment backlog of approximately $11.1 million, which is expected to support performance throughout the year [22] - Management is encouraged by the Department of Energy's new approach to cleanup, which aligns with the company's capabilities [20] Other Important Information - The company completed the cleanup phase associated with the M&EC facility and is approximately 80% complete in the final verification process [19] - The cash balance dropped by $253,000 compared to the previous year, and current liabilities increased primarily due to accounts payable related to the M&EC closure [33][34] Q&A Session Summary Question: Was there a $2.6 million improvement for the quarter? - Management clarified that without the M&EC-related expenses, there would have been an improvement of $2.6 million [42] Question: What was the impact of the two-week outage? - The outage resulted in an overall revenue impact of about $800,000 due to halted waste receipts and idle production activities [43] Question: What is the funded backlog after the new contracts? - The funded backlog is estimated to be in the mid-20s million, up from about $7 million before the new contracts [46][47] Question: What is the potential in the sodium and H2O markets? - The sodium market is estimated to be around $100 million over the next 10 years, while the H2O market could yield $5 million to $6 million annually [49][51] Question: What is the status of the Phase 2 work for the Test Bed Initiative? - The project is progressing, with permits received for the mixer, and the schedule for the 2,000 gallons is expected to be completed this fall [80][82] Question: How is the permitting process with the Washington Department of Ecology progressing? - The public comment period has concluded positively, and the state has been supportive, indicating a low risk for the permit renewal [118]