Perma-Fix Environmental Services Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net revenues of $19.829 million compared to $37.936 million a year ago. Loss from operations was $4.150 million compared to $1.022 million a year ago. Loss from continuing operations before taxes was $4.317 million compared to $1.262 million a year ago. Loss from continuing operations, net of taxes was $2.888 million or $0.05 per basic and diluted share compared to $0.807 million or $0.02 per basic and diluted share a year ago. Net loss attributable to the company common stockholders was $2.912 million or $0.05 per basic and diluted share compared to $1.001 million or $0.02 per basic and diluted share a year ago. The company recorded an adjusted EBITDA loss of $2.4 million from continuing operations compared to adjusted EBITDA of $1.3 million for the same period of 2012. LBITDA was $2.871 million compared to EBITDA of $0.370 million a year ago. Cash from continuing operations was $2.1 million. Cash used by disc ops was $139,000, cash used for capital spending was $116,000. The company remains confident in its ability to generate positive cash flow, improved profitability in the remainder of 2013 and beyond.

Perma-Fix Environmental Services Inc., Q1 2013 Earnings Call, May 10, 2013

Perma-Fix Environmental Services Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. Net revenues for the fourth quarter of 2012 were $26.7 million versus $32.8 million for the same period last year. Operating loss for the fourth quarter of 2012 was $1.7 million versus operating income of $837,000 for the fourth quarter of 2011. Net loss attributable to common stockholders for the fourth quarter of 2012 was $3.5 million or $0.06 per share, versus net income of $5.6 million or $0.10 per share, for the same period in 2011. Net loss included a charge to deferred income tax expense of $3.3 million, $1.9 million of which is due to a reserve provided for an uncertain tax position and $1.4 million was attributed to the write-off of deferred tax asset. Loss from operations was $1.7 million against income from operations of $837,000 for the comparable period last year. Loss from continuing operations was $4.3 million or $0.07 basic and diluted per share against income from continuing operations of $5.1 million or $0.09 basic and diluted per share for the same period last year. The company generated Adjusted EBITDA of $77,000 from continuing operations during the quarter ended December 31, 2012, as compared to Adjusted EBITDA of approximately $2.5 million for the same period of 2011. Cash flow basis, the company saw $3.3 million positive from continuing operations and a net of $1.6 million. For the year, the company reported net loss attributable to common stockholders of $6.3 million or $0.11 basic and diluted per share on net revenues of $127.5 million compared to net income attributable to common stockholders of $13.8 million or $0.25 basic and diluted per share on net revenues of $118.1 million of prior year. Loss from operations was $4.4 million against income from operations of $11.4 million of prior year. Loss from continuing operations was $6.6 million or $0.12 basic and diluted per share against income from continuing operations of $11.6 million or $0.21 basic and diluted per share of prior year. The company provided earnings guidance for 2013. The company expects to achieve improved operating results and cash flow for the full year 2013.