- Perma-Fix Environmental Services, Inc PESI Shares fell on Friday morning after it was announced that the US Department of Energy’s ITDC contract bid has been lost.
- PESI was advised by the Office for Environmental Management that its team had not received the Integrated Tank Disposal (ITDC) contract.
- PESI has concluded eight new contracts in the last few months. The contracts total approximately $15 million in revenue expected to be recognized in 2023.
- These contracts increased PESI’s existing backlog in both the service and treatment segments.
- The contracts also include option periods potentially worth more than $14 million that could extend into 2024.
- Price promotion: PESI shares are trading 15.35% lower at $8.27 on the last check Friday.
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