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Last $4.09 USD
Change Today +0.0299 / 0.74%
Volume 37.1K
PRGX On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 10:36 AM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

prgx global inc (PRGX) Snapshot

Open
$4.10
Previous Close
$4.06
Day High
$4.13
Day Low
$4.05
52 Week High
07/2/14 - $6.89
52 Week Low
04/8/15 - $3.65
Market Cap
106.5M
Average Volume 10 Days
98.0K
EPS TTM
$-0.16
Shares Outstanding
26.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PRGX GLOBAL INC (PRGX)

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prgx global inc (PRGX) Details

PRGX Global, Inc., together with its subsidiaries, provides recovery audit services to businesses and government agencies having payment transactions and procurement environments in the United States, Canada, Latin America, Europe, Asia, and the Pacific region. The company operates through four segments: Recovery Audit Services–Americas, Recovery Audit Services–Europe/Asia-Pacific, Adjacent Services, and Healthcare Claims Recovery Audit Services. The company’s recovery audit services are based on the mining of clients’ purchasing data for overpayments to the third-party suppliers; and healthcare claims recovery audit services include the identification of overpayments and underpayments made to healthcare providers, such as hospitals and physicians’ practices. It also offers adjacent recovery services comprising data transformation, data analytics, and associated advisory services. The company serves retailers, such as discount, department, specialty, grocery, and drug stores, as well as wholesalers; business enterprises, including manufacturers, financial services firms, and pharmaceutical companies; private sector health insurance companies, as well as state and federal government payers, such as the Centers for Medicare and Medicaid Services; and federal and state government agencies. PRGX Global, Inc. was founded in 1990 and is headquartered in Atlanta, Georgia.

1,500 Employees
Last Reported Date: 03/13/15
Founded in 1990

prgx global inc (PRGX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $58.3K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $281.3K
Chief Strategy Officer and Senior Vice Presid...
Total Annual Compensation: $228.8K
Compensation as of Fiscal Year 2013.

prgx global inc (PRGX) Key Developments

PRGX Global Elects William F. Kimble as Class III Director

On April 21, 2015, the Board of Directors of PRGX Global, Inc. elected William F. Kimble as a Class III director, to serve until the Company's next annual meeting of shareholders to be held later in 2015. It is expected that Mr. Kimble will join the Company's Audit Committee. The Board has determined that Mr. Kimble meets all applicable independence standards, including the Nasdaq independence requirements. Mr. Kimble served as KPMG's Office Managing Partner of the Atlanta office and Managing Partner - Southeastern United States, where he was responsible for the firm's audit, advisory and tax operations from 2009 until his retirement in early 2015. Mr. Kimble was also responsible for moderating KPMG's Audit Committee Institute (ACI) and Audit Committee Chair Sessions. Mr. Kimble had been with KPMG or its predecessor firm (Peat, Marwick, Main & Co.) since 1986. During his tenure with KPMG, Mr. Kimble held numerous senior leadership positions, including Global Chairman for Industrial Markets. Mr. Kimble also served as KPMG's Energy Sector Leader for approximately 10 years and was the executive director of KPMG's Global Energy Institute.

PRGX Global, Inc. Elects Gregory J. Owens as Class I Director

On March 16, 2015, the Board of Directors of PRGX Global, Inc. elected Gregory J. Owens as a Class I director, to serve until the company's next annual meeting of shareholders to be held later in 2015. The Board has determined that Mr. Owens meets all applicable independence standards, including the Nasdaq independence requirements. Mr. Owens is currently serving as the Chairman and Chief Executive Officer of IronPlanet. Mr. Owens brings broad business experience to the Board as a result of his having held numerous executive level roles for several companies.

PRGX Global, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Financial Guidance for 2015

PRGX Global, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of $41,322,000 against $46,507,000 a year ago. Operating income was $1,186,000 against loss of $51,767,000 a year ago. Income before income taxes was $243,000 against loss of $5,313,000 a year ago. Net loss was $2,145,000 or $0.08 per diluted share against $6,397,000 or $0.22 per diluted share a year ago. EBIT was $199,000 against loss of $5,301,000 a year ago. EBITDA was $2,550,000 against loss of $1,954,000 a year ago. Adjusted EBITDA was $6,358,000 against $6,948,000 a year ago. Net cash provided by operating activities was $2,917,000 against $8,129,000 a year ago. Purchases of property and equipment, net of disposals were $1,135,000 against $2,331,000 a year ago. On a constant dollar basis, adjusted for changes in foreign currency exchange rates, consolidated revenue for the fourth quarter 2014 decreased $3.9 million or 8.4% compared to the same quarter in 2013. For the quarter, the company reported revenue of $164,192,000 against $195,216,000 a year ago. Operating loss was $2,302,000 against income of $2,479,000 a year ago. Loss before income taxes was $4,285,000 against income of $2,569,000 a year ago. Net loss was $7,526,000 or $0.26 per diluted share against $186,000 or $0.01 per diluted share a year ago. LBIT was $4,362,000 against income of $2,492,000 a year ago. EBITDA was $5,385,000 against $15,720,000 a year ago. Adjusted EBITDA was $16,276,000 against $29,354,000 a year ago. Net cash provided by operating activities was $10,047,000 against $18,424,000 a year ago. Purchases of property and equipment, net of disposals were $4,709,000 against $6,875,000 a year ago. On a constant dollar basis, adjusted for changes in foreign exchange rates, 2014 revenue decreased 15.1% compared to the same period in 2013. However, on a constant dollar basis, excluding revenue from HCRA business, the year-over-year decline was 8.6%. For 2015, the company expects revenue to decline but at a lower rate than 2014. This decline is primarily attributable to scope reductions and client process improvements in core business. The company expects revenues from new growth platform to substantially increase in 2015. And in terms of adjusted EBITDA, the company expects to see meaningful improvement over 2014.

 

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PRGX

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Valuation PRGX Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 1.5x
Price/Cash Flow 47.6x
TEV/Sales 0.5x
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