PESI on Nasdaq

Perma-Fix Environmental Services

Perma-Fix Environmental Services is a hazardous waste treatment and disposal company based in Atlanta, founded in 1990.1 It employed 325 people in 2019.1 Its revenue was $73.5 million in 2019.1 Its shares trade on Nasdaq under the symbol PESI.1

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Last updated Oct 21, 2026.

Overview

1990Founded1

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  • TickerPESI on Nasdaq1
  • IndustryHazardous Waste Management1
  • HeadquartersAtlanta1
  • Websitewww.perma-fix.com
  • Legal formDelaware corporation1
  • Incorporated inDE4
  • Business address8302 Dunwoody Place, Suite 250, Atlanta, Ga 303504
  • Filer categoryNon-accelerated filer, Smaller reporting company4
  • LEI54930015OVD1T5P12U153
  • StatusActive3
  • LEI statusLapsed (not renewed)3
  • Registered addressC/O URS AGENTS, LLC, 19901 Dover, United States3
  • Registered withDivision of Corporations, Department of State, 22498493

Our operations are subject to seasonal factors, which causes our revenues to fluctuate” for a discussion of our seasonal factors.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

9.7%Gross margin6
-19.0%Operating margin6
-22.3%Net margin6
4.3%Revenue growth, 20256
-27.5%Return on equity6
0.03×Debt to equity6
-$15.5MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Segments Total brought in 58% of the revenue Perma-Fix Environmental Services broke down this way in fiscal 2025.

  1. Segments Total$61.7M658%up 4% from 2024
  2. Treatment$45.1M642%up 29% from 2024
Business segments by year
Business segments20242025
Segments Total$59.1M$61.7M
Treatment$35.0M$45.1M

Regions

United States brought in 90% of the revenue Perma-Fix Environmental Services broke down this way in fiscal 2025.

  1. United States$55.2M690%down 3% from 2024
  2. CA [member]$2.8M65%up 450% from 2024
  3. Mexico$2.1M63%up 444% from 2024
  4. DEMember$774.0K61%up 5% from 2024
  5. Italy$389.0K61%up 405% from 2024
  6. United Kingdoms$219.0K60%down 60% from 2024
  7. SI$94.0K60%down 48% from 2024
Regions by year
Regions20242025
United States$56.7M$55.2M
CA [member]$513.0K$2.8M
Mexico$394.0K$2.1M
DEMember$734.0K$774.0K
Italy$77.0K$389.0K
United Kingdoms$553.0K$219.0K
SI$181.0K$94.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue75¢$55.7M
  • Research and development2¢$1.3M
  • Selling, general and admin22¢$16.4M
  • Interest1¢$461.0K

Out of $61.7M in revenue.6 The company lost money this year.

Financial statements

Revenue78910116$61.7M in 2025−16% since 2019
0$50.0M$100.0M$150.0M2019: $73.5M$73.5M20192020: $105.4M$105.4M2020+44%2021: $72.2M$72.2M2021−32%2022: $70.6M$70.6M2022−2%2023: $89.7M$89.7M2023+27%2024: $59.1M$59.1M2024−34%2025: $61.7M$61.7M2025+4%
Gross profit78910116$6.0M in 2025−62% since 2019
0$5.0M$10.0M$15.0M$20.0M2019: $15.6M$15.6M20192020: $15.9M$15.9M2020+2%2021: $6.8M$6.8M2021−57%2022: $9.6M$9.6M2022+41%2023: $16.4M$16.4M2023+70%2024: $2.0K$2.0K2024−100%2025: $6.0M$6.0M2025+298550%
Operating income78910116-$11.7M in 2025
-$20.0M-$15.0M-$10.0M-$5.0M0$5.0M2019: $3.0M$3.0M20192020: $3.3M$3.3M2020+12%2021: -$6.8M-$6.8M20212022: -$5.4M-$5.4M2022−20%2023: $756.0K$756.0K20232024: -$15.7M-$15.7M20242025: -$11.7M-$11.7M2025−25%
Net income78910116-$13.8M in 2025
-$20.0M-$10.0M0$10.0M2019: $2.3M$2.3M20192020: $2.9M$2.9M2020+24%2021: $835.0K$835.0K2021−71%2022: -$3.8M-$3.8M20222023: $485.0K$485.0K20232024: -$20.0M-$20.0M20242025: -$13.8M-$13.8M2025−31%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-12-312024-12-31
Net revenues$61.7M$59.1M
Cost of goods sold$55.7M$59.1M
Gross profit$6.0M$2.0K
Selling, general and administrative expenses$16.4M$14.5M
Research and development$1.3M$1.2M
Loss on disposal of property and equipment$1.0K$21.0K
Loss from operations-$11.7M-$15.7M
Interest income$1.1M$921.0K
Interest expense-$230.0K-$473.0K
Interest expense-financing fees-$84.0K-$66.0K
Other$261.0K$166.0K
Loss from continuing operations before taxes-$10.7M-$15.1M
Income tax expense$4.4M
Loss from continuing operations, net of taxes-$10.7M-$19.6M
Loss from discontinued operations (Note 8)-$3.1M-$410.0K
Net loss-$13.8M-$20.0M
Continuing operations - basic-$1-$1
Continuing operations - diluted-$1-$1
Discontinued operations - basic-$0-$0
Discontinued operations - diluted-$0-$0
Net income (loss) per common share - basic-$0.75-$1.33
Net income (loss) per common share - diluted-$0.75-$1.33
Basic18.5M shares15.1M shares
Diluted18.5M shares15.1M shares

Compare Perma-Fix Environmental Services with another company

Corporate structure

Perma-Fix Environmental Services sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Perma-Fix Environmental Services

  • MAK CAPITAL ONE LLC Filed SCHEDULE 13G/A on Perma-Fix Environmental Services, latest Aug 28, 2026 (3 filings since Aug 6, 2026)
  • Alapkezelo Zrt. Hold Filed SCHEDULE 13G/A on Perma-Fix Environmental Services, latest Aug 27, 2026 (2 filings since Mar 30, 2026)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Perma-Fix Environmental Services, latest Mar 27, 2026 (2 filings since Oct 30, 2025)
  • BlackRock Filed SC 13G on Perma-Fix Environmental Services, latest Nov 8, 2024 (2 filings since Oct 22, 2024)
  • HEARTLAND ADVISORS INC Filed SC 13D/A on Perma-Fix Environmental Services, latest Apr 12, 2023 (5 filings since Nov 16, 2021)
  • Perma-Fix Environmental Services Atlanta, Georgia, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Perma-Fix Environmental Services reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Buildings and improvements$24.7M6 Dec 31, 2025$24.7M6 Dec 31, 2024−0.2%
Machinery and equipment$27.4M6 Dec 31, 2025$23.5M6 Dec 31, 2024+16.5%
Furniture and fixtures$1.1M6 Dec 31, 2025$1.1M6 Dec 31, 2024−0.6%
Leasehold improvements$8.0K6 Dec 31, 2025$8.0K6 Dec 31, 20240%
Construction in progress$4.0M6 Dec 31, 2025$2.9M6 Dec 31, 2024+35.6%
Property and equipment, before depreciation$57.5M6 Dec 31, 2025$52.7M6 Dec 31, 2024+9.2%
Accumulated depreciation$32.9M6 Dec 31, 2025$31.5M6 Dec 31, 2024+4.4%
Property and equipment, net$24.6M6 Dec 31, 2025$21.1M6 Dec 31, 2024+16.4%
Finance-lease assets$992.0K6 Dec 31, 2025$803.0K6 Dec 31, 2024+23.5%
Operating-lease assets (leased space)$1.4M6 Dec 31, 2025$1.7M6 Dec 31, 2024−14.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Indefinite-lived intangibles (excluding goodwill)$10.7M6 Dec 31, 2025$10.5M6 Dec 31, 2024+1.8%
Finite-lived intangibles, gross$1.4M6 Dec 31, 2025$1.4M6 Dec 31, 2024+1.2%
Accumulated amortization-$1.1M6 Dec 31, 2025-$1.0M6 Dec 31, 2024−4.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.6M6 Dec 31, 2025$1.4M6 Dec 31, 2024+15.8%

Properties, in its own words

Our principal executive office is in Atlanta, Georgia. Our Business Center is located in Oak Ridge, Tennessee. Our Treatment Segment facilities are located in Gainesville, Florida; Kingston, Tennessee; Richland, Washington; and Oak Ridge, Tennessee. All of the properties where these facilities operate on are pledged to our senior lender as collateral for our credit facility with the exception of the property at Oak Ridge, Tennessee, which is held as collateral by another bank. Our Services Segment maintains offices, which are all leased properties. We maintain properties in Valdosta, Georgia and Memphis, Tennessee, which are all non-operational and are included within our discontinued operations.

The Company currently leases properties in the following locations for operations and administrative functions within our Treatment and Services Segments, including our corporate office and Business Center:

The rest of Item 2

Location · Square Footage (SF) · Expiration of Lease

Oak Ridge, TN (Business Center) · 16,319 SF · April 30, 2030

Oak Ridge, TN (Services) · 5,000 SF · September 30, 2026

Blaydon On Tyne, England (Services) · 1,000 SF · April 30, 2026

New Brighton, PA (Services) · 3,558 SF · June 30, 2026

Newport, KY (Services) · 1,566 SF · Monthly

Atlanta, GA (Corporate) · 6,499 SF · November 30, 2027

Alachua, FL (Treatment) · 2,666 SF · March 31, 2027

We believe that the above facilities currently provide adequate capacity for our operations and that additional facilities are readily available in the regions in which we operate, which could support and supplement our existing facilities.

Item 2 of the 10-K filed Mar 24, 2026.5

Leadership

Who has led Perma-Fix Environmental Services, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (20)

Employees over time

  • 20193251

Timeline

  1. Sep 23, 20268-K Other events44
  2. Sep 22, 20268-K Other events45
  3. Jul 28, 20268-K Results of operations; Shareholder vote46
  4. May 18, 20268-K Entered a material agreement; Other events47
  5. May 11, 20268-K Results of operations; Other events48
  6. Apr 8, 20268-K Other events49
  7. Jan 28, 20268-K Executive or director change50
  8. Nov 19, 20258-K Ended a material agreement; Change to shareholders' rights; Bylaws or fiscal year changed51
  9. Sep 30, 20258-K Entered a material agreement; Ended a material agreement; Executive or director change52
  10. Jul 29, 20258-K Shareholder vote53
  11. Apr 21, 20258-K Entered a material agreement; Executive or director change; Other events54
  12. Jan 29, 20258-K Executive or director change55
  13. Apr 5, 2006New chief executive Louis F. Centofanti becomes CEO14
  14. Aug 18, 1995Went public Listed on NASDAQ1
  15. 1990Founded Founded1

Calendar

Coming up

  1. Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.10) a share, on Nov 10, 2025.56

When it reported results

  1. Jul 28, 2026Reported quarterly or annual results46
  2. May 11, 2026Reported quarterly or annual results48
  3. Apr 10, 2024Reported quarterly or annual results57
  4. Mar 23, 2023Reported quarterly or annual results58
  5. Jan 6, 2022Reported quarterly or annual results59

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

358 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 38 major events, 254 insider forms, 14 large holders, 32 other. The latest 20:

  1. Oct 2, 20264 EDGAR
  2. Oct 2, 20264 EDGAR
  3. Oct 2, 20264 EDGAR
  4. Oct 2, 20264 EDGAR
  5. Oct 2, 20264 EDGAR
  6. Oct 2, 20264 EDGAR
  7. Oct 2, 20264 EDGAR
  8. Sep 23, 20268-K/A EDGAR
  9. Sep 22, 20268-K EDGAR
  10. Aug 28, 2026SCHEDULE 13G/A EDGAR
  11. Aug 27, 2026SCHEDULE 13G/A EDGAR
  12. Aug 12, 202610-Q EDGAR
  13. Aug 7, 2026SCHEDULE 13G/A EDGAR
  14. Aug 6, 2026SCHEDULE 13G EDGAR
  15. Jul 28, 20268-K EDGAR
  16. Jul 24, 20264 EDGAR
  17. Jul 23, 20264 EDGAR
  18. Jul 23, 20264 EDGAR
  19. Jul 23, 20264 EDGAR
  20. Jul 23, 20264 EDGAR

The 358 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

37 open-market trades by officers, directors and large owners since October 2021: 33 buys and 4 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 16, 2025Duggan Kerry CDirectorSale5,653$8.60$48.6KForm 4
Sep 11, 2025Duff MarkPresident and CEOBuy897$8.05$7.2KForm 4
Sep 11, 2025Shelton LarryDirectorBuy1,000$8.58$8.6KForm 4
Sep 9, 2025Shelton LarryDirectorBuy1,000$9.61$9.6KForm 4
May 30, 2025Duggan Kerry CDirectorSale16,634Form 4
Mar 21, 2025Naccarato BenChief Financial OfficerBuy400$7.00$2.8KForm 4
Mar 21, 2025Duff MarkPresident and CEOBuy2,050$7.03$14.4KForm 4
Mar 18, 2025Eshleman TroyChief Operating OfficerBuy1,350$7.35$9.9KForm 4
Mar 18, 2025Duff MarkPresident and CEOBuy1,000$7.15$7.2KForm 4
Mar 17, 2025CENTOFANTI LOUIS FEVP of Strategic InitiativesBuy1,000$7.31$7.3KForm 4
Sep 4, 2024Duff MarkPresident and CEOBuy850$9.93$8.4KForm 4
Sep 3, 2024Duff MarkPresident and CEOBuy1,250$10.23$12.8KForm 4
Dec 5, 2023Lombardo AndyEVP of Nuclear & Technical SvcBuy2,150$7.63$16.4KForm 4
Dec 1, 2023Duff MarkPresident and CEOBuy3,000$7.16$21.5KForm 4
Dec 1, 2023Shelton LarryDirectorBuy2,000$7.20$14.4KForm 4
May 26, 2023REEDER JOEDirectorSale6,009$11.57$69.5KForm 4
May 17, 2023REEDER JOEDirectorSale19,385$11.53$223.5KForm 4
Dec 22, 2022CENTOFANTI LOUIS FEVP of Strategic InitiativesBuy1,700$3.78$6.4KForm 4
Dec 14, 2022Naccarato BenChief Financial OfficerBuy575$3.47$2.0KForm 4
Dec 8, 2022CENTOFANTI LOUIS FEVP of Strategic InitiativesBuy2,000$3.38$6.8KForm 4

All 37 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Troy Eshleman56$313.8K$624.1K65
2025Mark Duff63$417.2K$453.1K65
2025Ben Naccarato63$332.8K$392.2K65
2025Richard Grondin67$312.7K$359.7K65
2025Dr. Louis Centofanti82$277.3K$308.6K65
2024President and CEO$417.2K$456.5K65
2024EVP and CFO$332.8K$385.2K65
2024EVP of Hanford Waste Operations$285.3K$326.6K65
2024EVP of Strategic Initiatives$277.3K$306.3K65
2023President and CEO$382.4K$748.1K65
2023EVP and CFO$310.9K$595.5K65
2023EVP of Hanford Waste Operations$266.5K$498.3K65
2023EVP of Strategic Initiatives$259.1K$485.4K65

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 88. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.1,252,756$17.9M0.0%+82,453
Mak Capital One LLC1,032,958$14.8M2.1%+114,285
Vanguard Capital Management LLC811,743$11.6M0.0%+52,308
Prescott Group Capital Management, L.L.C.777,142$11.1M1.0%No change
Diamond Hill Capital Management, LLC (Investment Advisor)642,533$9.2M0.1%+286,555
Kennedy Capital Management LLC610,903$8.7M0.2%New
Potomac Capital Management, Inc.477,000$6.8M5.0%+180,300
Geode Capital Management, LLC455,156$6.5M0.0%+22,455
Heartland Advisors Inc400,000$5.7M0.3%No change
State Street Corp349,744$5.0M0.0%+14,197
Dimensional Fund Advisors LP191,063$2.7M0.0%+27,276
Goldman Sachs Group Inc162,755$2.3M0.0%+20,068
Susquehanna International Group, Llp156,934$2.2M0.0%+145,836
Citadel Advisors LLC152,626$2.2M0.0%+83,313
Northern Trust Corp141,639$2.0M0.0%+12,071
Vanguard Fiduciary Trust Co123,040$1.8M0.0%+3,787
Group One Trading LLC122,611$1.8M0.1%−125,063
Vanguard Portfolio Management LLC121,267$1.7M0.0%+20,949
North Star Investment Management Corp.120,532$1.7M0.1%No change
Diametric Capital, LP114,714$1.6M0.2%New
MYDA Advisors LLC90,000$1.3M0.3%−30,000
Cm Wealth Advisors LLC87,839$1.3M0.2%New
XTX Topco Ltd62,888$898.7K0.0%+39,661
Owls Nest Partners IA, LLC56,555$808.2K0.3%New
Pale Fire Capital SE55,627$794.9K0.1%+7,001

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Perma-Fix Environmental Services is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPERMA FIX ENVIRONMENTAL SERVICES INC2
  • CIK0000891532
  • Employer ID (EIN)58-19544975
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 312
  • Industry code (SIC)4955 Hazardous Waste Management2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address8302 Dunwoody Place, Suite 250, Atlanta, GA 303502
  • Phone77058798982
  • Shares outstanding21,218,351 as of Aug 7, 202613
  • Public float$180.3M as of Jun 30, 20255
  • AuditorGRANT THORNTON LLP, Atlanta, Georgia PCAOB ID 2485
  • On EDGAR sinceFeb 14, 19962
  • Filings1,608 in all: 4 (838), 8-K (291), 10-Q (92), SC 13G/A (40), DEF 14A (32), 10-K (30), 424B3 (30), 3 (22)2
    All 44 form types

    NT 10-Q (19), SC 13G (18), SC 13D/A (17), ARS (16), S-3/A (15), UPLOAD (14), 8-K/A (13), CORRESP (12), NT 10-K (12), S-8 (10), DEFA14A (9), S-3 (8), 4/A (7), 424B5 (6), D (6), SC 13D (5), 10-K/A (4), 10-Q/A (4), EFFECT (4), SCHEDULE 13G/A (4), 144 (3), CT ORDER (3), PRE 14A (3), SCHEDULE 13G (3), 10-C (2), 5 (2), 8-A12B (2), 8-A12B/A (2), PRER14A (2), REGDEX (2), 25 (1), 5/A (1), D/A (1), PRES14A (1), REGDEX/A (1), S-3MEF (1)

  • Latest filingsAnnual report (10-K) Mar 24, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Proxy statement (DEF 14A) Jun 12, 2026
    Latest 8-K (8-K) Sep 22, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $.001 Par ValuePESINasdaq

From the cover page of the 10-K filed Mar 24, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Perma-Fix Environmental Services names in Item 1A of its 10-K filed Mar 24, 2026: 40 risks under these headings, as written.5

  • The failure of Congress to approve appropriations bills in a timely manner for the federal government agencies and departments we support, or the failure of the Administration and Congress to reach an agreement on fiscal issues, could delay and reduce spending, cause us to lose revenue and profit, and affect our cash flow.
  • Changes in government regulation, policy and programs could impact our business, affecting our profitability and future growth.
  • Failure to maintain our financial assurance coverage that we are required to have in order to operate our permitted treatment, storage and disposal facilities could have a material adverse effect on us.
  • If we cannot maintain adequate insurance coverage, we will be unable to continue certain operations.
  • The inability to maintain existing federal government contracts or win new government contracts over an extended period could have a material adverse effect on our operations and adversely affect our future revenues.
  • Our existing and future customers may reduce or halt their spending on hazardous waste and nuclear services with outside vendors, including us.
  • Economic downturns, reductions in federal government funding or other events beyond our control could have a material negative impact on our businesses.
  • The loss of one or a few customers could have an adverse effect on us.
  • We are a holding company and depend, in large part, on receiving funds from our subsidiaries to fund our indebtedness.
  • Our Treatment Segment has limited end disposal sites to utilize to dispose of its waste which could significantly impact our results of operations.
  • Direct and indirect macroeconomic impacts resulting from natural disasters, public health events and/or world conflicts in various regions could continue to and may in the future negatively impact our business and results of operations.
  • Our operations are subject to seasonal factors, which cause our revenues to fluctuate.
The other 28 risks
  • We are engaged in highly competitive businesses and typically must bid against other competitors to obtain major contracts.
  • We bear the risk of cost overruns in fixed-price contracts. We may experience reduced profits or, in some cases, losses under these contracts if costs increase above our estimates.
  • Adequate bonding is necessary for us to win certain types of new work and support facility closure requirements.
  • If we cannot maintain our permits or cannot obtain required permits, we may not be able to continue or expand our operations.
  • As a government contractor, we are subject to extensive government regulation, and our failure to comply with applicable regulations could subject us to penalties that may restrict our ability to conduct our business.
  • Changes in environmental regulations and enforcement policies could subject us to additional liability and adversely affect our ability to continue certain operations.
  • Our businesses subject us to substantial potential environmental liability.
  • As our operations expand, we may be subject to increased litigation, which could have a negative impact on our future financial results.
  • If environmental regulation or enforcement is relaxed, the demand for our services could decrease.
  • We and our customers operate in a politically sensitive environment, and the public perception of nuclear power and radioactive materials can affect our customers and us.
  • The elimination or any modification of the Price-Anderson Act’s indemnification authority could have adverse consequences for our business.
  • If any of our permits, other intangible assets, and tangible assets become impaired, we may be required to record significant charges to earnings.
  • Breach of any of the covenants in our credit facility could result in a default, triggering repayment of outstanding debt under the credit facility and the termination of our credit facility.
  • A lack of positive operating results could limit our borrowing capacity under our credit facility.
  • If our financial and operating activities are limited, it could adversely affect our ability to incur additional debt to fund future needs.
  • We may be unable to utilize loss carryforwards in the future.
  • We sustained losses in each of the years 2025 and 2024 and our inability to become profitable on an annual basis in the foreseeable future could have a material adverse effect on our operations, credit facility, liquidity and potential growth.
  • Issuance of substantial amounts of our common stock, par value $0.001 per share (the “Common Stock”) could depress our stock price or dilute the percentage ownership of our Common Stockholders.
  • We do not intend to pay dividends on our Common Stock in the foreseeable future.
  • The price of our Common Stock may fluctuate significantly, which may make it difficult for our stockholders to resell our Common Stock when a stockholder wants or at prices a stockholder finds attractive.
  • Loss of certain key personnel could have a material adverse effect on us.
  • We may not be successful in winning new business from our government, commercial or international customers.
  • Our failure to maintain our safety record could have an adverse effect on our business.
  • Systems failures, interruptions or breaches of security and other cybersecurity risks could have an adverse effect on our financial condition and results of operations.
  • Climate change could negatively impact the Company’s operations and financial condition.
  • Failure to obtain intellectual property protection for our proprietary technologies could negatively affect us.
  • Failure to maintain effective internal control over financial reporting or failure to remediate a material weakness in internal control over financial reporting could have a material adverse effect on our business, operating results, and stock price.
  • Delaware law, certain of our charter provisions, our stock option plans, outstanding warrants and our Preferred Stock may inhibit a change of control under circumstances that could give you an opportunity to realize a premium over prevailing market prices.

Legal proceedings

See “Part II – Item 8 - Financial Statements and Supplementary Data – Notes to Consolidated Financial Statements – Note 13 – Commitments and Contingencies – Legal Matters” for a discussion of our legal proceedings.

The opening of Item 3, Legal Proceedings.5

Sources

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  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
    SEC EDGAROther events
  45. 45
    SEC EDGAROther events
  46. 46
  47. 47
  48. 48
  49. 49
    SEC EDGAROther events
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65