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Last $3.16 USD
Change Today +0.05 / 1.61%
Volume 92.8K
PFMT On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 3:21 PM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

performant financial corp (PFMT) Snapshot

Open
$3.25
Previous Close
$3.11
Day High
$3.25
Day Low
$3.10
52 Week High
07/14/14 - $10.97
52 Week Low
04/20/15 - $3.08
Market Cap
156.0M
Average Volume 10 Days
119.4K
EPS TTM
$0.19
Shares Outstanding
49.4M
EX-Date
--
P/E TM
16.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for PERFORMANT FINANCIAL CORP (PFMT)

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performant financial corp (PFMT) Details

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 institutions; and risk management advisory services that enable clients to proactively manage loan portfolios and reduce the incidence of defaulted loan assets over time. The company was formerly known as DCS Holdings, Inc. and changed its name to Performant Financial Corporation in 2005. Performant Financial Corporation was founded in 1976 and is headquartered in Livermore, California.

1,484 Employees
Last Reported Date: 03/13/15
Founded in 1976

performant financial corp (PFMT) Top Compensated Officers

Chairwoman and Chief Executive Officer
Total Annual Compensation: $854.9K
Chief Operating Officer
Total Annual Compensation: $623.2K
Compensation as of Fiscal Year 2013.

performant financial corp (PFMT) Key Developments

Performant Financial Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Revenue Guidance for the Year 2015

Performant Financial Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues were $39.7 million, representing a year-over-year decrease of 33.8%. Net loss was $2.4 million, resulting in a net loss per diluted share of $0.05, compared to net income of $7.9 million, or $0.16 per diluted share, in the prior year period. Adjusted EBITDA was $4.9 million, compared to $19.4 million in the prior year period. Adjusted net loss was $0.2 million, or $0.00 per diluted share, compared to adjusted net income of $9.1 million and $0.18 per diluted share, respectively, in the prior year period. Loss from operations was $874,000 compared to income from operations of $15,799,000 for the same period a year ago. Loss before provision for income taxes was $3,279,000 compared to income before provision for income taxes of $12,988,000 for the same period a year ago. For the full year, the company reported revenues were $195.4 million, representing a year-over-year decrease of 23.5%. Net income was $9.4 million, resulting in net income per diluted share of $0.19, compared to net income of $36.3 million, or $0.74 per diluted share, in the prior year period. Adjusted EBITDA was $44.7 million, compared to $89.4 million in the prior year period. Adjusted net income was $15.3 million, or $0.31 per diluted share, compared to $42.8 million and $0.87 per diluted share, respectively, in the prior year period. Income from operations was $27,269,000 compared to $72,869,000 for the same period a year ago. Income before provision for income taxes was $17,099,000 compared to $61,306,000 for the same period a year ago. Net cash provided by operating activities was $27,866,000 compared to $61,206,000 for the same period a year ago. Purchase of property, equipment, and leasehold improvements was $10,146,000 compared to $12,503,000 for the same period a year ago. As of December 31, 2014, cash and cash equivalents were $80.3 million and total outstanding debt was $111.8 million. The sequential decrease in outstanding debt reflects continued payments on long-term debt. The company expects 2015 full year revenue to be in the range of $150 million to $160 million and adjusted EBITDA to be between $20 million and $22 million.

Performant Financial Corporation Presents at Credit Suisse 17th Annual Global Services Conference, Mar-11-2015 03:25 PM

Performant Financial Corporation Presents at Credit Suisse 17th Annual Global Services Conference, Mar-11-2015 03:25 PM. Venue: Credit Suisse One Madison Avenue, enter on Park or Madison between 23rd and 24th Streets, New York, NY 10010, United States. Speakers: Hakan L. Orvell, Chief Financial Officer, Principal Accounting Officer and Secretary, Lisa C. Im, Chairwoman and Chief Executive Officer.

Performant Financial Corporation, Premier Healthcare Exchange, Inc. - M&A Call

To discuss acquisition of Premier Healthcare Exchange, Inc. by Performant Financial Corporation

 

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HMS Holdings Corp $16.76 USD +1.10
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Industry Analysis

PFMT

Industry Average

Valuation PFMT Industry Range
Price/Earnings 16.5x
Price/Sales 0.8x
Price/Book 1.7x
Price/Cash Flow 16.3x
TEV/Sales NM Not Meaningful
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