Perma Fix Environmental Services Files Q3 2024 10-Q
Ticker: PESI · Form: 10-Q · Filed: Nov 13, 2024 · CIK: 891532
| Field | Detail |
|---|---|
| Company | Perma Fix Environmental Services Inc (PESI) |
| Form Type | 10-Q |
| Filed Date | Nov 13, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, hazardous-waste-management, financials
TL;DR
PERMA FIX ENVIRONMENTAL SERVICES INC. FILED ITS Q3 2024 10-Q. HAZARDOUS WASTE MANAGEMENT SECTOR.
AI Summary
Perma Fix Environmental Services Inc. filed its 10-Q for the period ending September 30, 2024. The filing covers the third quarter and the first nine months of the fiscal year. Key financial data and operational details for the company, which operates in hazardous waste management, are presented.
Why It Matters
This filing provides investors and analysts with the latest financial performance and operational status of Perma Fix Environmental Services, crucial for understanding the company's trajectory in the hazardous waste management sector.
Risk Assessment
Risk Level: medium — As a company in the hazardous waste management sector, Perma Fix Environmental Services is subject to regulatory changes, environmental risks, and economic fluctuations impacting industrial output.
Key Numbers
- 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
- 2024-11-13 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
Key Players & Entities
- PERMA FIX ENVIRONMENTAL SERVICES INC (company) — Filer of the 10-Q
- 2024-09-30 (date) — End of the reporting period
- 2024-11-13 (date) — Filing date of the 10-Q
- HAZARDOUS WASTE MANAGEMENT [4955] (industry) — Company's Standard Industrial Classification
FAQ
What is the primary business of Perma Fix Environmental Services Inc.?
Perma Fix Environmental Services Inc. is primarily involved in Hazardous Waste Management, as indicated by its SIC code [4955].
For which period is this 10-Q filing?
This 10-Q filing is for the period ended September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on November 13, 2024.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
Where is Perma Fix Environmental Services Inc. headquartered?
The company's business and mailing address is located at 8302 Dunwoody Place, Suite 250, Atlanta, GA 30350.
Filing Stats: 4,680 words · 19 min read · ~16 pages · Grade level 18.8 · Accepted 2024-11-13 16:04:59
Filing Documents
- form10-q.htm (10-Q) — 1979KB
- ex4-3.htm (EX-4.3) — 25KB
- ex31-1.htm (EX-31.1) — 20KB
- ex31-2.htm (EX-31.2) — 20KB
- ex32-1.htm (EX-32.1) — 7KB
- ex32-2.htm (EX-32.2) — 6KB
- 0001493152-24-045114.txt ( ) — 8471KB
- pesi-20240930.xsd (EX-101.SCH) — 47KB
- pesi-20240930_cal.xml (EX-101.CAL) — 87KB
- pesi-20240930_def.xml (EX-101.DEF) — 194KB
- pesi-20240930_lab.xml (EX-101.LAB) — 428KB
- pesi-20240930_pre.xml (EX-101.PRE) — 336KB
- form10-q_htm.xml (XML) — 1553KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 37 Item 4.
Controls and Procedures
Controls and Procedures 37 PART II OTHER INFORMATION 38 Item 1.
Legal Proceedings
Legal Proceedings 38 Item 1A.
Risk Factors
Risk Factors 38 Item 6. Exhibits 38 PART I - FINANCIAL INFORMATION ITEM 1. – Financial Statements PERMA-FIX ENVIRONMENTAL SERVICES, INC. Condensed Consolidated Balance Sheets September 30, 2024 December 31, (Amounts in Thousands, Except for Share and Per Share Amounts) (Unaudited) 2023 ASSETS Current assets: Cash $ 10,567 $ 7,500 Accounts receivable, net of allowance for credit losses of $ 21 and $ 30 , respectively 8,741 9,722 Unbilled receivables 7,277 8,432 Inventories 1,135 1,155 Prepaid and other assets 4,346 3,738 Current assets related to discontinued operations 12 13 Total current assets 32,078 30,560 Property and equipment: Buildings and land 24,764 24,311 Equipment 23,578 22,809 Vehicles 423 434 Leasehold improvements 8 8 Office furniture and equipment 1,139 1,130 Construction-in-progress 2,170 1,010 Total property and equipment 52,082 49,702 Less accumulated depreciation ( 31,689 ) ( 30,693 ) Net property and equipment 20,393 19,009 Property and equipment related to discontinued operations 130 81 Operating lease right-of-use assets 1,778 1,990 Intangibles and other long term assets: Permits 10,453 9,905 Other intangible assets - net 420 461 Finite risk sinking fund (restricted cash) 12,525 12,074 Deferred tax assets — 4,299 Other assets 381 370 Total assets $ 78,158 $ 78,749 The accompanying notes are an integral part of these condensed consolidated financial statements. 1 PERMA-FIX ENVIRONMENTAL SERVICES, INC. Condensed Consolidated Balance Sheets, Continued September 30, 2024 December 31, (Amounts in Thousands, Except for Share and per Share Amounts) (Unaudited) 2023 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 7,675 $ 9,582 Accrued expenses 6,320 6,560 Disposal/transportation accrual 1,811 1,198 Deferred revenue 5,398 6,815 Accrued closure costs - current