Performant Financial

Performant Financial Corp. engages in the provision of technology-enabled audit, recovery, customer care, and related analytics services. Its services help identify improper payments, and in some markets, restructure and recover delinquent or defaulted assets and improper payments for both government and private clients. The company was founded in 1976 and is headquartered in Livermore, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Performant Financial reports robust Q4 earnings, eyes growth opportunities

Performant Financial's Q4 2022 earnings call showcased strong financial performance, successful contract wins in the healthcare sector, and optimism for future growth. While challenges in contract rollout and revenue-margin balance exist, opportunities for expansion through commercial payer revenues and strategic partnerships are promising.

Performant Financial sees leadership change, revenue challenges in Q1

Performant Financial navigated leadership changes and revenue challenges in Q1 2023. The company demonstrated resilience with successful new program implementations and a focus on efficiency.
While facing revenue dips and high operating expenses, Performant Financial aims to recoup lost revenue and achieve its revenue targets for 2023. Strong leadership and a positive outlook signal growth potential.
Management's gratitude to stakeholders and focus on operational efficiency highlight Performant Financial's commitment to driving performance and achieving financial milestones.

Performant Financial reports solid Q2 growth amidst government contract challenges

Performant Financial demonstrated strong growth in healthcare and commercial segments, leveraging technology for efficiency and margin improvement.
While facing challenges in government contracts and negative EBITDA, the company remains optimistic about a rebound and operational adjustments.
Opportunities lie in the expanding Medicare market, margin enhancement through technology integration, and revenue guidance for 2023.
Overall, Performant Financial's performance in Q2 reflects resilience and strategic positioning for future growth and profitability.

Performant Financial reports robust Q3 earnings and secures key contracts

Performant Financial Corp. delivered strong financial performance in Q3, driven by robust revenue growth and operational efficiency gains.
The company's strategic focus on healthcare transformation and successful contract wins position it well for future growth and market leadership.
While facing challenges such as competition and regulatory risks, Performant Financial has opportunities to expand its market presence and drive innovation.
Overall, Performant Financial's Q3 earnings call reflects a positive outlook with a solid foundation for continued success and value creation for stakeholders.

Performant Financial reports robust Q4 performance and eyes healthcare growth

Performant Financial's Q4 2023 performance reflects strong revenue growth in healthcare and a focus on operational efficiency and technology enhancements.
The company's strategic investments and client-centric approach position it well for revenue expansion and achieving EBITDA targets in 2024.
Challenges include managing increased carrier utilization impact and sustaining commercial growth momentum while seizing opportunities in the healthcare sector.
Overall, Performant Financial's outlook for 2024 is optimistic, with a clear focus on driving growth through government and commercial initiatives.

Performant Financial (PFMT) reports robust Q1 growth and positive 2024 outlook

Performant Financial (PFMT) demonstrated strong revenue growth and operational performance in Q1 2024, driven by client-centric strategies and technological advancements.
While facing challenges in the healthcare sector and industry headwinds, the company showcased strengths in revenue diversification and operational efficiency through acquisitions.
Guidance for 2024 indicates a positive outlook for revenue growth and adjusted EBITDA, presenting opportunities for expansion and financial improvement in the coming year.

Performant Financial reports robust Q2 results and eyes federal growth

Performant Financial delivered strong Q2 results with revenue growth and positive EBITDA, driven by health care segment performance.
The company's emphasis on government contracts, security measures, and technology integration positions it for future growth.
Challenges like the Change Healthcare outage are being managed effectively to minimize operational impact.
Opportunities lie in expanding federal government business, achieving growth targets, and enhancing operational efficiency.

Performant Financial reports robust Q3 performance and strategic contract wins

Performant Financial's Q3 performance reflects growth in healthcare revenues and positive adjusted EBITDA, underpinned by strategic contract wins and operational focus.
While challenges like revenue mix fluctuations exist, the company's strengths in financial stability and market positioning offer a solid foundation for future success.
Opportunities lie in revenue diversification, operational enhancements, and leveraging recent contract wins to drive sustained growth and profitability.
Overall, PFMT's performance, strengths, and strategic outlook position them for continued success in the healthcare payment integrity market.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Performant Healthcare, Inc. engages in the provision of technology-enabled audit, recovery, customer care, and related analytics services. Its services help identify improper payments, and in some markets, restructure and recover delinquent or defaulted assets and improper payments for both government and private clients. The company was founded in 1976 and is headquartered in Plantation, FL.

Performant Financial Corporation (PFMT) CEO Lisa Im on Q4 2020 Results - Earnings Call Transcript

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT), a leading provider of technology-enabled recovery and related analytics services in the United States, today reported the following financial results for its fourth quarter and full year ended December 31, 2020: Fourth Quarter Financial Highlights Total revenues of $40.0 million, compared to $43.8 million in the prior year period, a decrease of 9% Net income of $3.7 million or $0.07 per diluted share, compared

Performant Financial Corporation Announces Financial Results for Fourth Quarter and Full Year 2020

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq:PFMT), a provider of technology-enabled recovery and related analytics services, will report its fourth quarter and full year 2020 results after the market closes on Tuesday, March 16, 2021. The company will also hold a conference call to discuss results at 5:00 pm (Eastern Time) that day. The conference call can be accessed by dialing 877-705-6003 (domestic) or 201-493-6725 (international). A replay will be available

Performant Financial Corporation to Report Fourth Quarter and Full Year 2020 Earnings on March 16, 2021

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq:PFMT),(“the Company”), a provider of technology-enabled recovery and related analytics services, announced today that it received a letter dated February 11, 2021 from the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it has regained compliance with the minimum bid price requirement set forth in Rule 5450(a)(1) of the Nasdaq Listing Rules and that Nasdaq considers the matter closed. About Performant Fin

Performant Regains Continued Listing Standard Compliance With Nasdaq

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq:PFMT),(“the Company”), a provider of technology-enabled recovery and related analytics services, announced today that on December 23, 2020, the Company received a letter from the Listing Qualifications Department of the NASDAQ Stock Market (“NASDAQ”) indicating that, based upon the closing bid price of the Company's common stock for the 30 consecutive business days beginning on November 6, 2020 and ending on December 2

Performant Receives Continued Listing Standard Notice from Nasdaq

Performant Financial Corporation (PFMT) CEO Lisa Im on Q3 2020 Results - Earnings Call Transcript

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq:PFMT), a provider of technology-enabled recovery and related analytics services, will report its third quarter 2020 results after the market closes on Tuesday, November 10, 2020. The company will also hold a conference call to discuss results at 5:00 pm (Eastern Time) that day. The conference call can be accessed by dialing 877-705-6003 (domestic) or 201-493-6725 (international). A replay will be available approximatel

Performant Financial Corporation to Report Third Quarter 2020 Earnings on November 10, 2020

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq:PFMT), (“the Company”), a provider of technology-enabled recovery and related analytics services, today announced that it has contracted over four million lives for its recently launched Premium Accuracy offering, a Medicare Secondary Payer (MSP) service for Medicare Advantage Plans. Medicare Advantage (MA) is the fastest-growing segment of private Health insurance with 8% enrollment growth per year. When MA enrollees

Performant Announces Recently Launched Medicare Advantage Offering Exceeds Four Million Contracted Lives

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT), (the "Company"), a leading provider of technology-enabled recovery and related analytics services in the United States, today announced that it will participate in a virtual presentation and fireside chat at the October 2020 Lytham Partners Virtual Investor Growth Conference on October 6, 2020 at 4:00pm ET (1:00pm PT). Lisa Im, Chief Executive Officer, Simeon Kohl, Senior Vice President of Healthcare and Rohit

Performant Financial to Present at October 2020 Lytham Partners Virtual Investor Growth Conference

Performant has a long history of declining revenues and losses and has been left for dead by investors.

Performant Financial Is A Hidden Turnaround

Performant Financial Corporation (PFMT) CEO Lisa Im on Q2 2020 Results - Earnings Call Transcript

LIVERMORE, Calif.--(BUSINESS WIRE)---- $PFMT #earnings--Performant Financial Corporation announces its financial earnings results for the second quarter ended June 30, 2020.

Performant Financial Corporation Announces Financial Results for Second Quarter 2020

LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq:PFMT), a provider of technology-enabled recovery and related analytics services, will report its second quarter 2020 results after the market closes on Tuesday, August 11, 2020.

Performant Financial Corporation to Report Second Quarter 2020 Earnings on August 11, 2020

New York, New York--(Newsfile Corp. - July 21, 2020) - Levi & Korsinsky announces it has commenced an investigation of Performant Financial Corporation (NASDAQ: PFMT) concerning possible breaches of fiduciary duty.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Performant Financial Corporation - PFMT

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Performant Financial (PFMT) Stock?

Performant Financial Corporation (PFMT) CEO Lisa Im on Q1 2020 Results - Earnings Call Transcript

Performant Financial (PFMT) delivered earnings and revenue surprises of 180.00% and 18.27%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Performant Financial (PFMT) Tops Q1 Earnings and Revenue Estimates

LIVERMORE, Calif., May  19, 2020  (GLOBE NEWSWIRE) -- Performant Financial Corporation (Nasdaq: PFMT), (the "Company"), a leading provider of technology-enabled recovery and related analytics services in the United States, today reported the following financial results for its first quarter ended March 31, 2020:

Performant Financial Corporation Announces Financial Results for First Quarter 2020

Performant Financial (PFMT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Performant Financial (PFMT) Report Negative Q1 Earnings? What You Should Know

LIVERMORE, Calif., March  30, 2020  (GLOBE NEWSWIRE) -- Performant Financial Corporation (Nasdaq: PFMT), (the “Company”), a leading provider of technology-enabled recovery and related analytics services in the United States, today provided an update with regards to its Form 10-K for the year ended December 31, 2019 and announced the resignation of Jeffrey S. Stein from the Company’s Board of Directors.

Performant Financial Corporation Provides Update on Form 10-K Filing; Announces Changes to its Board of Directors

Performant Financial Corporation (PFMT) CEO Lisa Im on Q4 2019 Results - Earnings Call Transcript

Performant Financial (PFMT) delivered earnings and revenue surprises of 400.00% and 0.74%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Performant Financial (PFMT) Tops Q4 Earnings and Revenue Estimates

Performant Financial (PFMT) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

LIVERMORE, Calif., Feb.  28, 2020  (GLOBE NEWSWIRE) -- Performant Financial Corporation (Nasdaq:PFMT),(“the Company”), a provider of technology-enabled recovery and related analytics services, today issued the following statement in response to the Schedule 13D filed today with the U.S. Securities and Exchange Commission by 22NW Fund, LP:

Performant Issues Statement Regarding Schedule 13D Filing

LIVERMORE, Calif., Jan.  02, 2020  (GLOBE NEWSWIRE) -- Performant Financial Corporation (Nasdaq:PFMT),(“the Company”), a provider of technology-enabled recovery and related analytics services, announced today that on December 27, 2019, it received a letter from the Listing Qualifications Department of the NASDAQ Stock Market (“NASDAQ”) indicating that, based upon the closing bid price of the Company’s common stock for the last 30 consecutive business days beginning on November 13, 2019 and ending on December 26, 2019, the Company no longer meets the requirement to maintain a minimum bid price of $1 per share, as required by Marketplace Rule 5450(a)(1) (the "Rule") for continued listing.

News for Performant Financial Stock (PFMT)