Nov 10 (Reuters) - Perma-Fix Environmental Services Inc :Perma-Fix reports financial results and provides business update for the third quarter of 2017.Q3 loss per share $0.17.Q3 revenue $11.8 million versus $12.9 million.Perma-Fix Environmental Services Inc - closure of co's east Tennessee materials and energy corporation facility is proceeding on schedule.Perma-Fix Environmental Services Inc - upon final closure of M&EC, believe co will eliminate approximately $4 million of annual expenses.
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Sept 11 (Reuters) - Perma-FIx Environmental Services Inc ::Perma-Fix announces promotion of Mark Duff to CEO.Perma-Fix - Duff to succeed louis centofanti, who will continue as executive V.P. Of strategic initiatives and an executive member of board.
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Perma-fix Environmental Services Inc : Says entered into LOI with private investor for purchase of $10 million of preferred shares in Perma-Fix Medical Corp .Says preferred shares of PF Corp would allow investor to own about 48.6 percent of co's issued and outstanding voting securities.
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Perma-fix Environmental Services Inc : Fix reports financial results and provides business update for the second quarter of 2016 . Q2 loss per share $0.71 . Q2 revenue $14.8 million versus $16.4 million . Says failed to meet its quarterly fixed charge coverage ratio in q2 of 2016 . Fix - failure primarily due to delays in receipt of certain waste shipment which have been rescheduled for later this year . Says expects to receive a waiver from its lender for this non-compliance . Sees adjusted ebitda for full year should be approximately of $3 to $4 million . Fix says would be required to reclassify long-term portion of its bank debt, in amount of approximately $9.4 million as of june 30, 2016 . Anticipate improvement in revenue and cash flow in second half of 2016 .Fix environmental - "expect our lender to waive our failure to meet our quarterly fixed charge coverage ratio for q2 of 2016".
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Perma-fix Environmental Services Inc : Anticipate improvement in revenue and cash flow in second half of 2016 . Disappointed that delays of certain waste shipments co encountered in Q1 continued in Q2 of 2016 . Estimates net loss to be about $8.2 million or $0.71 per share for Q2 of 2016 . It has filed a form 12b-25 for an extension of time to file its form 10-Q . Waste shipments are still scheduled and are expected to occur in second half of 2016 .Fix environmental services- estimates it will have revenues from continuing operations of about $14.8 million for three months ended June 30, 2016.
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Perma-Fix Environmental Services Inc : Perma-Fix - such waiver is not expected to be received until after the scheduled deadline filing date of august 15, 2016 . Perma-Fix - inability to meet fixed charge coverage ratio in q2 2016 due to delays in receipt of certain waste shipments which have been rescheduled . Perma-Fix - expects to meet its quarterly fixed charge coverage ratio requirement in each of the remaining quarters of 2016 . Files for non-timely 10-q with u.s. Sec - sec filing .Perma-Fix - expected to receive a waiver from its lender as a result of its failure to meet its second quarter fixed charge coverage ratio covenant.
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Heartland Advisors, Inc. Reports 13.6 Pct Stake In Perma-fix Environmental Services Inc : Heartland Advisors Inc. reports 13.6 pct stake in Perma-fix Environmental Services Inc as of July 26, 2016 - SEC filing . Heartland Advisors Inc may discuss ideas with perma-fix environmental that, if effected, may result in changes in co's board or management and/or other strategic alternatives .Heartland Advisors Inc - says its ideas on strategic alternatives for Perma-Fix Environmental may include hiring of an investment banker to find an appropriate buyer.
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Perma-Fix Environmental Services Inc : Q1 loss per share $0.33 . Q1 revenue $10 million versus $13.6 million . Qtrly loss per share from continuing operations $0.32 ."We anticipate an increase in adjusted EBITDA for full year of 2016 as compared to 2015".
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