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- Perma-Fix Environmental Services, Inc. PESI reported a fourth-quarter revenue decline of 39.6% year-over-year to $17.12 million.
- Revenue from the Services Segment decreased by 63.7% Y/Y to $8.2 million, and for the Treatment Segment increased 56.1% Y/Y to $8.9 million in the quarter.
- The gross margin contracted by 380 bps to 7.5%.
- EPS loss from continuing operations was $(0.18) versus $0.01 in 4Q20.
- Perma-Fix recorded a loss from operations of $(2.23) million, compared to an income of $0.188 million a year ago.
- Adjusted EBITDA for the quarter was negative $(1.73) million, versus $0.709 million in 4Q20.
- The company has secured strategic and high-profile projects within the Services Segment, resulting in ~$66 million in project backlog.
- Perma-Fix held a cash balance of $4.44 million as of December 31, 2021.
- Price Action: PESI shares are trading lower by 9.55% at $4.99 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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