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May 6 , 2021 PermaFixⓇ environmental services A Nuclear Services and Waste Management Company Perma - Fix Reports Financial Results for the First Quarter of 2021 ATLANTA , May 06 , 2021 ( GLOBE NEWSWIRE ) -- Perma - Fix Environmental Services , Inc. ( NASDAQ : PESI ) ( the “ Company ” ) today announced financial results and provided a business update for the first quarter ended March 31 , 2021 . Mark Duff , President and CEO of the Company , commented , " As anticipated , we experienced weakness in our Treatment Segment due to the ongoing effects of the COVID- 19 pandemic , which resulted in delayed shipments . Partially offsetting this weakness , we achieved modest growth in our Services Segment revenue despite delays throughout the industry in awarding procurements , also due to the pandemic . Nevertheless , we remain optimistic , as we have begun to see a return to normalization . As a result , we anticipate a stronger second half of 2021 , given our robust pipeline within the Services Segment and significant pent - up demand within the Treatment Segment . In terms of the Services Segment , we have an unprecedented number and combined value of bids currently submitted and awaiting awards . We also expect to benefit from the government's fiscal 2020 carryover funds , in addition to 2021 allocations that have been delayed and should help fund an acceleration of projects within the Treatment Segment . Also , as previously disclosed , we are rapidly advancing several initiatives within the Treatment Segment that we believe have the potential to enhance our revenues at each of our treatment facilities . The foundation of our growth strategy is based on the addition of experienced technical talent in waste management and health physics over the past two years . We believe this foundation , coupled with new technology launches in both services and treatment will continue to provide our clients value and support our growth goals once COVID is behind us . ” COVID - 19 Similar to most of the US , Perma - Fix is beginning to relax the COVID - 19 - related precautions associated with ongoing operations as more staff is vaccinated and the new cases continue to decline in the Company's locations . However , the Company's Treatment Segment continues to see delays in waste shipments from key customers due to continued impacts of COVID - 19 and the Services Segment is realizing delays in procurement actions and contract awards . As the situations surrounding COVID - 19 remain fluid , the full impact and extent of the pandemic on the Company's financial results cannot be estimated with any degree of certainty but appear to be subsiding towards the end of the second quarter of 2021. The Company is realizing pent - up demand in both segments , which has been reflected in the large increase in proposal requests throughout Q1 2021 and into Q2 2021 . Financial Results Revenue was $ 23.1 million for the first quarter of 2021 as compared to $ 24.9 million for the corresponding period of 2020. The decrease in revenue was entirely within our Treatment