Brief: Perma-Fix q2 loss per share $0.71

Perma-Fix Environmental Services

22/08/2016 12:00

Aug 22 (Reuters) - Perma-fix Environmental Services Inc 
 PESI.O : 
    * 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" 
 
Source text for Eikon:  ID:nMKWPp1Tta  
Further company coverage:  PESI.O  
 
 ((bangalore.newsroom@thomsonreuters.com;))