Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


July 31, 2015 11:45 PM ET

Commercial Services and Supplies

Company Overview of Performant Financial Corporation

Company Overview

Performant Financial Corporation provides technology-enabled recovery and related analytics services in the United States. Its services help identify and recover delinquent or defaulted assets and improper payments for government and private clients in various markets. The company offers recovery services primarily to the government-supported student loan industry, including the Department of Education and various guaranty agencies, as well as private financial institutions; and audit and recovery services to identify improper healthcare payments for public and private healthcare markets. It also provides tax recovery services to state and municipal agencies, as well as financial institution...

333 North Canyons Parkway

Suite 100

Livermore, CA 94551

United States

Founded in 1976

1,484 Employees

Phone:

925-960-4800

Key Executives for Performant Financial Corporation

Chairwoman and Chief Executive Officer
Age: 50
Total Annual Compensation: $403.1K
Chief Financial Officer and Secretary
Age: 57
Total Annual Compensation: $320.0K
Chief Operating Officer
Age: 57
Total Annual Compensation: $352.7K
Compensation as of Fiscal Year 2014.

Performant Financial Corporation Key Developments

Performant Financial Corporation(NasdaqGS:PFMT) dropped from Russell 2000 Index

Performant Financial Corporation will be removed from Russell 2000 Index

Performant Financial Corporation(NasdaqGS:PFMT) dropped from Russell 3000 Index

Performant Financial Corporation will be removed from Russell 3000 Index.

Performant Financial Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Performant Financial Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net loss of $4.4 million, resulting in a net loss per diluted share of $0.09, compared to net income of $6.3 million, or $0.13 per diluted share, in the prior year period. Adjusted net loss of $0.5 million, or $0.01 per diluted share, compared to adjusted net income of $7.6 million and $0.15 per diluted share, respectively, in the prior year period. Adjusted EBITDA of $4.1 million, compared to $17.4 million in the prior year period. Total revenues of $38.6 million, representing a year-over-year decrease of 34.2%. Net cash provided by operating activities was $1,523,000 against $14,275,000 a year ago. Purchase of property, equipment, and leasehold improvements was $1,777,000 against $2,752,000 a year ago. Loss before provision for income taxes was $6,745,000 against income before provision for (benefit from) income taxes of $10,868,000 a year ago.

Similar Private Companies By Industry

Company Name Region
Jonathan Neil & Associates, Inc. United States
Coda Resources, LTD United States
Atlantic Mechanical Contractors, Inc. United States
Lominger Consulting, Inc. United States
Strauss Industries, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 28, 2015
Premier Healthcare Exchange, Inc.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Performant Financial Corporation, please visit www.performantcorp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.