Perma-Fix Reports Q3 2026 Revenue Growth Amid Net Loss and Going Concern Warning
Perma-Fix (PESI) reported third-quarter 2026 revenue of $17.9 million, a 3% increase year-over-year. While the Services segment saw significant growth of 46%, this was offset by declines in the Treatment segment due to lower processing volumes and unfavorable waste mixes. The company recorded a net loss of $3.5 million and a non-GAAP EBITDA loss of $3.1 million, marking a decline from the previous year's performance. Despite a substantial increase in the treatment backlog to $19.6 million, management issued a cautionary note regarding the company's financial stability. CFO Ben Naccarato stated that recurring operating losses and negative cash flows raise substantial doubt about the company's ability to continue as a going concern, notwithstanding liquidity provided by a recent equity offering.
Tickers: $PESI
Topics: backlog ebitda net loss revenue segment performance