Friday, November 18, 2016 9:21:05 PM
http://seekingalpha.com/article/4024851-perma-fix-environmental-services-pesi-ceo-lou-centofanti-q3-2016-results-earnings-call?part=single
Like the earnings PR, there's a mix of poor news with promising news.
To reiterate, i'm not in this one and don't plan on buying right now, but i find the longterm story extremely interesting.
The high-level radioactive waste treatment could be huge, but the 2k gallon demonstration won't occur until sometime next year, and major operations and profits likely would not happen until 2018. It's not the tech but all the meticulous paperwork that needs to be done to make it happen. But customer WCS "is very excited."
On the medical front with the PFM subsidiary, if the big investor opts to cash in all warrants down the line, PESI would only own 25% of PFM. But, said CEO Lou Centofanti, that would be 25% of $0.5M to $1.0M annually. And with this initial investment by the big investor, senior mgmt doesn't need to worry about funding PFM anymore and can focus more on their treatment biz.
Their normal treatment/services biz was hit hard by govt spending delays. Lou is promising around $1M EBIDTA for Q4, but the interaction between the CFO and an analyst indicated that the qtr will likely show another EPS loss due to various factors.
Because of the govt uncertainty factor, Lou is not even giving any forward guidance at this point.
One shareholder on the call explicitly expressed big disappointment with all the missed targets on various fronts by PESI.
But still the co. seems to have immense promise on two different fronts: the high-level treatment and PFM. However, it seems any significant revenues won't be happening until 2018. That's a LONG WAIT for many folks, requiring a lot of patience for present shareholders.
Recent PESI News
- Perma-Fix to Present at the Gabelli Funds’ 2nd Annual PFAS Symposium in New York City on September 26th • GlobeNewswire Inc. • 09/17/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/10/2024 01:00:09 PM
- Gabelli Funds to Host 2nd Annual PFAS Symposium at The Harvard Club, New York, NY • GlobeNewswire Inc. • 09/09/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 01:00:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/29/2024 08:30:25 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 04:26:59 PM
- Perma-Fix Reports Financial Results and Provides Business Update for the Second Quarter of 2024 • GlobeNewswire Inc. • 08/08/2024 12:00:00 PM
- Perma-Fix Schedules Second Quarter 2024 Business Update Conference Call • GlobeNewswire Inc. • 08/06/2024 12:30:00 PM
- Perma-Fix Environmental Services Acquires Environmental Waste Operations Center (EWOC) Near Oak Ridge, TN • GlobeNewswire Inc. • 07/30/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2024 07:30:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/19/2024 01:00:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/19/2024 01:00:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/19/2024 01:00:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/19/2024 01:00:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/19/2024 01:00:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/19/2024 01:00:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/19/2024 01:00:06 PM
- Perma-Fix Environmental Services Added to Membership of Russell 3000 Index • GlobeNewswire Inc. • 07/01/2024 12:00:00 PM
- Perma-Fix Environmental Services Provides Further Updates on Patent-Pending Process for Destruction of PFAS Compounds • GlobeNewswire Inc. • 06/12/2024 12:30:00 PM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 06/07/2024 03:23:31 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 06/07/2024 03:20:29 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 06/07/2024 03:17:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 01:04:46 PM
- Perma-Fix Announces Pricing of Approximately $20 Million Registered Direct Offering • GlobeNewswire Inc. • 05/22/2024 11:30:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 02:00:44 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM