Strong Revenue and Gross Profit Growth
Revenue increased to $17.5 million from $16.8 million in the same period last year. Gross profit more than doubled to $2.6 million from $1.3 million, with gross margin expanding to 14.6% from 7.9%.
Treatment Segment Performance
Treatment segment revenue increased 45% year-over-year to $13.1 million, with segment gross margin improving to 17.3% from 4.5%. Waste sales totaled $14.6 million, up 74% from $8.4 million.
Hanford DFLAW Program Progress
Perma-Fix Northwest is positioned as a critical commercial link in DOE's waste treatment chain, with expected multi-decade high-volume revenues from DFLAW operations.
Advancement in PFAS Destruction Initiative
The first-generation PFAS system operated reliably, achieving complete destruction of PFAS compounds with a 10% to 20% cost advantage to incineration and 0 air emissions. A second-generation PFAS unit near Oak Ridge, Tennessee is nearing completion.
Strong Backlog and International Shipments
Treatment backlog ended at $15.4 million, up from $7.9 million. Continued support for international waste shipments, expected to continue into the first half of 2026.