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Dec 31, 2024
Perma-Fix Q4 2024 Earnings Report
Perma-Fix reported a decline in revenue and net income in Q4 2024 due to project delays and lower waste volumes.
Key Takeaways
Perma-Fix faced a challenging Q4 2024, with revenue declining to $14.7 million, driven by lower waste volume and delays in project starts. The company reported a net loss of $3.5 million and an operating loss of $3.6 million. Despite short-term financial pressures, management expects revenue growth in 2025, supported by increased waste processing capacity and new contract wins.
Revenue for Q4 2024 declined to $14.7 million from $22.7 million in Q4 2023.
Net loss of $3.5 million compared to a net income of $81,000 in Q4 2023.
Gross profit dropped significantly to $594,000 from $4.3 million in the prior year quarter.
Management expects a recovery in 2025, with increasing waste volume receipts and backlog growth.
Perma-Fix
Perma-Fix
Perma-Fix Revenue by Segment
Revenue by Segment
Treatment Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
Perma-Fix expects a return to revenue growth and profitability in 2025, with key projects and waste processing operations ramping up.
Positive Outlook
- Projected revenue growth with increased waste processing capacity.
- Backlog and contract pipeline expected to drive higher revenue.
- Expansion into PFAS treatment technology showing promising results.
- DOE’s Direct-Feed Low-Activity Waste (DFLAW) program anticipated to begin in mid-2025.
- International expansion efforts, including operations in Italy, progressing as planned.
Challenges Ahead
- Short-term revenue impacted by delays in project starts and waste receipts.
- Continued uncertainty in federal budget allocations affecting procurement cycles.
- Operating losses may persist in the near term due to fixed cost structure.
- Higher investment in PFAS technology affecting profitability.
- Macroeconomic conditions and regulatory factors could impact growth trajectory.
Revenue & Expenses
Visualization of income flow from segment revenue to net income