What Happened?
Shares of environmental waste treatment and services provider Perma-Fix (NASDAQ: PESI) fell 10.8% in the afternoon session after the company reported third-quarter results that revealed a significant revenue decline in its Services segment. That segment's revenue fell to $4.3 million from $7.7 million in the same period of the previous year. The company stated this drop was mainly due to delays in Department of Energy and Department of Defense projects, along with slower timing for new awards. Adding to investor concerns, Perma-Fix noted that its expansion into the PFAS market was progressing slower than initially hoped. The company also reported a non-GAAP loss of $0.10 per share during the quarter. These challenges appeared to outweigh positive results in other areas, such as the Treatment segment.
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What Is The Market Telling Us
Perma-Fix’s shares are extremely volatile and have had 32 moves greater than 5% over the last year. But moves this big are rare even for Perma-Fix and indicate this news significantly impacted the market’s perception of the business.
The previous big move we wrote about was 1 day ago when the stock gained 4.5% on the news that the stock's positive momentum continued as the company reported strong third-quarter 2025 financial results, which included revenue growth and a significantly smaller loss than the previous year. The report showed revenue grew to approximately $17.5 million, an increase from $16.8 million in the same quarter a year ago. This growth was driven by the company's Treatment Segment, where revenue increased by 45% year-over-year, leading to improved gross margins. Consequently, Perma-Fix's net loss narrowed considerably to $1.8 million, a major improvement from the $9.0 million loss reported in the third quarter of 2024. The financial results also surpassed analysts' consensus estimates.
Perma-Fix is up 28.7% since the beginning of the year, but at $13.83 per share, it is still trading 10.3% below its 52-week high of $15.41 from November 2025. Investors who bought $1,000 worth of Perma-Fix’s shares 5 years ago would now be looking at an investment worth $2,019.
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