Why did PESI's revenue drop sharply in Q1 2024?

Perma-Fix Environmental Services, Inc. (PESI) experienced a significant decline in revenue in Q1 2024, which can be attributed to a combination of factors: 1. **Project Delays and Lower Waste Volumes**: The company's Treatment Segment saw a revenue decrease due to lower waste volumes, while the Services Segment experienced a revenue decrease attributed to the completion of two large projects at the end of 2023 that were not replaced with projects of similar value. This indicates that the revenue drop was partly due to the timing of project completions and the availability of new projects. 2. **Economic Cycles and Interest Rates**: Waste management companies, including PESI, are affected by economic cycles and interest rates. Changes in interest rates can impact industrial production and commercial projects that generate waste. The Federal Reserve's rate cuts might have influenced the company's revenue, although the impact is indirect and can vary based on the company's specific circumstances. In summary, the decline in PESI's revenue in Q1 2024 was likely a result of a combination of project delays, lower waste volumes, and economic cycles.