Ownership / Perma-Fix Environmental Services, Inc. | Tables in SEC filings

PESI Perma-Fix Environmental Services, Inc.

Quarterly report

	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		40		79
Current portion of long-term debt		554		773
Current portion of operating lease liabilities		320		380
Current portion of finance lease liabilities		285		291
Current liabilities related to discontinued operations		251		269
Total current liabilities		22,654		25,947

Accrued closure costs		8,201		8,051
Long-term debt, less current portion		1,910		1,975
Long-term operating lease liabilities, less current portion		1,521		1,670
Long-term finance lease liabilities, less current portion		564		776
Long-term liabilities related to discontinued operations		942		953
Total long-term liabilities		13,138		13,425

Total liabilities		35,792		39,372

Commitments and Contingencies (Note 9 )		-		-

Stockholders’ Equity:
Preferred Stock, $.001 par value; 2,000,000 shares authorized, no shares issued and outstanding		—		—
Common Stock, $.001 par value; 30,000,000 shares authorized; 15,817,046 and 13,654,201 shares issued, respectively; 15,809,404 and 13,646,559 shares outstanding, respectively		16		14
Additional paid-in capital		136,047		116,502
Accumulated deficit		(93,441)		(76,951)
Accumulated other comprehensive loss		(168)		(100)
Less Common Stock in treasury, at cost; 7,642 shares		(88)		(88)
Total stockholders’ equity		42,366		39,377

Total liabilities and stockholders’ equity	$	78,158	$	78,749


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(Amounts in Thousands, Except for Per Share Amounts)	2024		2023		2024		2023

Net revenues	$	16,812	$	21,877	$	44,415	$	67,016
Cost of goods sold		15,478		17,328		45,007		54,942
Gross profit		1,334		4,549		(592)		12,074

Selling, general and administrative expenses		3,632		3,933		10,631		10,969
Research and development		303		120		872		340
Loss on disposal of property and equipment		—		—		1		—
(Loss) income from operations		(2,601)		496		(12,096)		765

Other income (expense):
Interest income		292		146		679		445
Interest expense		(121)		(89)		(346)		(189)
Interest expense-financing fees		(18)		(36)		(47)		(80)
Other		59		(17)		61		(11)
(Loss) income from continuing operations before taxes		(2,389)		500		(11,749)		930
Income tax expense		6,417		254		4,300		482
(Loss) income from continuing operations, net of taxes		(8,806)		246		(16,049)		448

(Loss) income from discontinued operations, net of taxes (Note 10)		(173)		95		(441)		(44)
Net (loss) income	$	(8,979)	$	341	$	(16,490)	$	404

Net (loss) income per common share - basic:
Continuing operations	$	(.56)	$	.02	$	(1.09)	$	.03
Discontinued operations		(.01)		.01		(.03)		—
Net (loss) income per common share	$	(.57)	$	.03	$	(1.12)	$	.03

Net (loss) income per common share - diluted:
Continuing operations	$	(.56)	$	.02	$	(1.09)	$	.03
Discontinued operations		(.01)		—		(.03)		—
Net (loss) income per common share	$	(.57)	$	.02	$	(1.12)	$	.03

Number of common shares used in computing net (loss) income per share:
Basic		15,803		13,568		14,695		13,468
Diluted		15,803		13,979		14,695		13,749

	September 30, 2023		December 31, 2022		Change ($)		Change (%)

Accounts Receivable (net)	$	15,342	$	9,364	$	5,978		63.8	%


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023

Operating Leases:
Lease cost	$	129	$	157	$	420	$	470

Finance Leases:
Amortization of ROU assets		65		39		196		115
Interest on lease liability		20		9		63		22
Finance lease		85		48		259		137

Short-term lease rent expense		1		—		3		1

Total lease cost	$	215	$	205	$	682	$	608

	2024		2023		2024		2023
	Three Months Ended				Nine Months Ended
(Amounts in Thousands, Except for Per Share Amounts)	September 30, (Unaudited)				September 30, (Unaudited)
	2024		2023		2024		2023
(Loss) income per common share from continuing operations
(Loss) income from continuing operations, net of taxes	$	(8,806)	$	246	$	(16,049)	$	448
Basic (loss) income per share	$	(.56)	$	.02	$	(1.09)	$	.03
Diluted (loss) income per share	$	(.56)	$	.02	$	(1.09)	$	.03

(Loss) income per common share from discontinued operations, net of taxes
(Loss) income from discontinued operations, net of taxes	$	(173)	$	95	$	(441)	$	(44)
Basic (loss) income per share	$	(.01)	$	.01	$	(.03)	$	—
Diluted loss per share	$	(.01)	$	—	$	(.03)	$	—

Net (loss) income per common share
Net (loss) income	$	(8,979)	$	341	$	(16,490)	$	404
Basic (loss) income per share	$	(.57)	$	.03	$	(1.12)	$	.03
Diluted (loss) income per share	$	(.57)	$	.02	$	(1.12)	$	.03

Weighted average shares outstanding:
Basic weighted average shares outstanding		15,803		13,568		14,695		13,468
Add: dilutive effect of stock options		—		370		—		244
Add: dilutive effect of warrants		—		41		—		37
Diluted weighted average shares outstanding		15,803		13,979		14,695		13,749

Potential shares excluded from above weighted average share calculations due to their anti-dilutive effect include:
Stock options		—		—		70		70
Warrant		62		—		62		—

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