Perma Fix Environmental Services Q2 2024 Filing

TL;DR

**PERMA FIX ENVIRONMENTAL SERVICES INC. FILED ITS Q2 2024 10-Q REPORT.**

AI Summary

Perma Fix Environmental Services Inc. reported its Q2 2024 results, ending June 30, 2024. The company's filing covers the period from April 1, 2024, to June 30, 2024, and provides comparative data for the same period in 2023. Financial details for the quarter and year-to-date are presented, including balance sheet information as of March 31, 2024, and December 31, 2023.

Why It Matters

This filing provides investors with the latest financial performance and position of Perma Fix Environmental Services Inc., crucial for understanding the company's operational health and future prospects.

Risk Assessment

Risk Level: medium — As a 10-Q filing, it contains detailed financial information and disclosures that could reveal risks or opportunities affecting the company's stock.

Key Numbers

• Q2 2024 — Quarterly Period (Reporting period for the 10-Q filing.)
• 2024-06-30 — End of Reporting Period (Specific date for which financial data is reported.)
• 2023-12-31 — Previous Year End (Comparative balance sheet date.)

Key Players & Entities

• PERMA FIX ENVIRONMENTAL SERVICES INC (company) — Filer
• 0001493152-24-030692.txt (document) — Filing identifier
• 20240630 (date) — Period of report
• 20240808 (date) — Filing date
• ATLANTA (location) — Business address city

FAQ

Filing Documents

• form10-q.htm (10-Q) — 2144KB
• ex31-1.htm (EX-31.1) — 18KB
• ex31-2.htm (EX-31.2) — 17KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 7KB
• 0001493152-24-030692.txt ( ) — 9618KB
• pesi-20240630.xsd (EX-101.SCH) — 47KB
• pesi-20240630_cal.xml (EX-101.CAL) — 77KB
• pesi-20240630_def.xml (EX-101.DEF) — 182KB
• pesi-20240630_lab.xml (EX-101.LAB) — 423KB
• pesi-20240630_pre.xml (EX-101.PRE) — 326KB
• form10-q_htm.xml (XML) — 2113KB

From the Filing

UNITED 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 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 58-1954497 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification Number) 8302 Dunwoody Place , Suite 250 , Atlanta , GA 30350 (Address of principal executive offices) (Zip Code) (770) 587-9898 (Registrant's telephone number) N/A (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $.001 Par Value PESI Nasdaq Capital Markets Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit and post such files). Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definition of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer Accelerated Filer Non-accelerated Filer Smaller reporting company Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial standards provided pursuant to Section 13(a) of the Exchange Act Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No Indicate the number of shares outstanding of each of the issuer's classes of Common Stock, as of the close of the latest practical date. Class Outstanding at July 30, 2024 Common Stock, $ .001 Par Value 15,800,604 shares PERMA-FIX ENVIRONMENTAL SERVICES, INC. INDEX Page No. PART I FINANCIAL INFORMATION Item 1. Condensed Consolidated Financial Statements (Unaudited) Condensed Consolidated Balance Sheets -June 30, 2024 and December 31, 2023 1 Condensed Consolidated Statements of Operations -Three and Six Months Ended June 30, 2024 and 2023 3 Condensed Consolidated Statements of Comprehensive (Loss) Income -Three and Six Months Ended June 30, 2024 and 2023 4 Condensed Consolidated Statements of Stockholders' Equity -Six Months Ended June 30, 2024 and 2023 5 Condensed Consolidated Statements of Cash Flows -Six Months Ended June 30, 2024 and 2023 6 Notes to Condensed Consolidated Financial Statements 7 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 3. Quantitative and Qualitative Disclosures About Market Risk 34 Item 4. Controls and Procedures 34 PART II OTHER INFORMATION Item 1. Legal Proceedings 34 Item 1A. Risk Factors 34 Item 6. Exhibits 35 PART I - FINANCIAL INFORMATION Item 1. – Financial Statements PERMA-FIX ENVIRONMENTAL SERVICES, INC. Condensed Consolidated Balance Sheets June 30, 2024 December 31, (Amounts in Thousands, Except for Share and Per Share Amounts) (Unaudited) 2023 ASSETS Current assets: Cash $ 18,122 $ 7,500 Accounts receivable, net of allowance for credit losses of $ 19 and $ 30 , respectively 6,423 9,722 Unbilled receivables 7,076 8,432 Inventories 965 1,155 Prepaid and other assets 2,860 3,738 Current assets related to discontinued operations 5 13 Total current assets 35,451 30,560 Property and equipment: Buildings and land 24,319 24,311 Equipment 23,293 22,809 Vehicles 434 434 Leasehold improvements 8 8 Office furniture and equipment 1,138 1,130 Construction-in-progress 1,201 1,010 Total property and equipment 50,393 49,702 Less accumulated depreciation ( 31,314 ) ( 30,693 ) Net property and equipment 19,079 19,009 Property and equipment related to di

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View this 10-Q filing on SEC EDGAR