Performant Financial Key Executives
This section highlights Performant Financial's key executives, including their titles and compensation details.
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Performant Financial Earnings
This section highlights Performant Financial's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-03-12 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-11-06 | $-0.02 | $-0.01 |
| Read Transcript | Q2 | 2024 | 2024-08-07 | $-0.03 | $-0.04 |
| Read Transcript | Q1 | 2024 | 2024-05-07 | $-0.06 | $-0.05 |
| Read Transcript | Q4 | 2023 | 2024-03-12 | $0.01 | $0.02 |
Financial Statements
Access annual & quarterly financial statements for Performant Financial, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $113.74M | $109.18M | $124.39M | $155.94M | $150.43M |
| Cost of Revenue | $119.87M | $116.08M | $125.71M | $100.65M | $115.19M |
| Gross Profit | $-6.13M | $-6.90M | $-1.32M | $55.28M | $35.24M |
| Gross Profit Ratio | -5.40% | -6.32% | -1.10% | 35.45% | 23.42% |
| Research and Development Expenses | $- | $3.40M | $3.00M | $3.10M | $5.80M |
| General and Administrative Expenses | $90.45M | $85.31M | $87.44M | $100.65M | $115.19M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $90.45M | $85.31M | $87.44M | $100.65M | $115.19M |
| Other Expenses | $- | $30.77M | $38.27M | $42.25M | $47.69M |
| Operating Expenses | $119.87M | $116.08M | $125.71M | $142.90M | $162.88M |
| Cost and Expenses | $119.87M | $116.08M | $125.71M | $142.90M | $162.88M |
| Interest Income | $240.00K | $1.01M | $11.31M | $21.00K | $41.00K |
| Interest Expense | $1.97M | $1.01M | $11.31M | $7.23M | $7.59M |
| Depreciation and Amortization | $6.71M | $5.70M | $7.00M | $7.01M | $11.12M |
| EBITDA | $828.00K | $304.00K | $5.68M | $-6.97M | $-8.48M |
| EBITDA Ratio | 0.73% | 0.00% | 4.57% | 12.87% | -0.85% |
| Operating Income | $-6.13M | $-6.90M | $-1.32M | $13.06M | $-127.64M |
| Operating Income Ratio | -5.39% | -6.32% | -1.06% | 8.37% | -84.85% |
| Total Other Income Expenses Net | $-1.73M | $495.00K | $-8.91M | $-7.21M | $-7.55M |
| Income Before Tax | $-7.86M | $-6.41M | $-10.23M | $-21.17M | $-27.20M |
| Income Before Tax Ratio | -6.91% | -5.87% | -8.22% | -13.58% | -18.08% |
| Income Tax Expense | $-340.00K | $132.00K | $62.00K | $-7.18M | $-377.00K |
| Net Income | $-7.52M | $-6.54M | $-10.29M | $-13.99M | $-26.82M |
| Net Income Ratio | -6.61% | -5.99% | -8.27% | -8.97% | -17.83% |
| EPS | $-0.10 | $-0.09 | $-0.17 | $-0.26 | $-0.50 |
| EPS Diluted | $-0.10 | $-0.09 | $-0.17 | $-0.26 | $-0.50 |
| Weighted Average Shares Outstanding | 76.16M | 72.94M | 60.46M | 54.41M | 53.47M |
| Weighted Average Shares Outstanding Diluted | 76.16M | 72.94M | 60.46M | 54.41M | 53.47M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $31.52M | $29.36M | $27.33M | $32.57M | $29.96M | $25.48M | $25.73M | $29.24M | $27.18M | $25.68M | $27.08M | $31.58M | $28.58M | $32.84M | $31.39M | $40.04M | $36.23M | $33.78M | $45.89M | $43.82M |
| Cost of Revenue | $33.67M | $32.10M | $31.25M | $30.66M | $30.61M | $29.09M | $29.52M | $29.04M | $29.49M | $20.87M | $28.57M | $47.38M | $28.47M | $23.30M | $24.09M | $26.16M | $23.52M | $22.17M | $28.80M | $28.38M |
| Gross Profit | $-2.15M | $-2.74M | $-3.92M | $1.91M | $-650.00K | $-3.60M | $-3.79M | $204.00K | $-2.31M | $4.82M | $-1.49M | $-15.81M | $115.00K | $9.55M | $7.30M | $13.88M | $12.71M | $11.62M | $17.08M | $15.45M |
| Gross Profit Ratio | -6.80% | -9.30% | -14.30% | 5.90% | -2.20% | -14.10% | -14.70% | 0.70% | -8.50% | 18.70% | -5.50% | -50.10% | 0.40% | 29.10% | 23.30% | 34.66% | 35.07% | 34.39% | 37.23% | 35.24% |
| Research and Development Expenses | $- | $- | $- | $4.30M | $- | $- | $- | $3.40M | $- | $- | $- | $3.00M | $- | $- | $- | $3.10M | $- | $- | $- | $5.80M |
| General and Administrative Expenses | $25.97M | $24.53M | $23.22M | $23.31M | $22.98M | $21.71M | $22.45M | $22.21M | $21.76M | $20.90M | $20.44M | $20.37M | $19.69M | $23.30M | $24.09M | $26.16M | $23.52M | $22.17M | $28.80M | $28.38M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $25.97M | $24.53M | $23.22M | $23.31M | $22.98M | $21.71M | $22.45M | $22.21M | $21.76M | $20.90M | $20.44M | $20.37M | $19.69M | $23.30M | $24.09M | $26.16M | $23.52M | $22.17M | $28.80M | $28.38M |
| Other Expenses | $7.70M | $24.53M | $31.25M | $23.31M | $30.61M | $29.09M | $7.07M | $6.83M | $7.73M | $382.00K | $8.13M | $-25.00K | $579.00K | $1.85M | $10.36M | $10.17M | $10.81M | $9.04M | $12.22M | $10.57M |
| Operating Expenses | $33.67M | $32.10M | $31.25M | $30.66M | $30.61M | $29.09M | $29.52M | $29.04M | $29.49M | $28.98M | $28.57M | $28.74M | $28.47M | $34.05M | $34.45M | $36.33M | $34.34M | $31.21M | $41.02M | $38.95M |
| Cost and Expenses | $33.67M | $32.10M | $31.25M | $30.66M | $30.61M | $29.09M | $29.52M | $29.04M | $29.49M | $28.98M | $28.57M | $28.74M | $28.47M | $34.05M | $34.45M | $36.33M | $34.34M | $31.21M | $41.02M | $38.95M |
| Interest Income | $93.00K | $61.00K | $106.00K | $154.00K | $86.00K | $351.00K | $414.00K | $359.00K | $277.00K | $- | $- | $- | $- | $- | $- | $3.00K | $6.00K | $6.00K | $6.00K | $8.00K |
| Interest Expense | $313.00K | $300.00K | $186.00K | $785.00K | $423.00K | $351.00K | $414.00K | $359.00K | $277.00K | $216.00K | $155.00K | $5.45M | $2.39M | $2.13M | $1.35M | $1.40M | $1.57M | $2.03M | $2.23M | $2.33M |
| Depreciation and Amortization | $2.02M | $2.04M | $1.51M | $1.50M | $1.30M | $1.49M | $2.51M | $5.70M | $1.35M | $1.27M | $1.58M | $1.70M | $1.24M | $2.53M | $1.52M | $1.05M | $1.89M | $1.93M | $2.14M | $2.51M |
| EBITDA | $-129.00K | $-645.00K | $-2.31M | $3.56M | $736.00K | $-2.14M | $-1.28M | $5.91M | $154.00K | $-1.65M | $90.00K | $4.51M | $1.93M | $3.17M | $-1.53M | $4.75M | $3.79M | $-3.49M | $-11.99M | $192.00K |
| EBITDA Ratio | -0.41% | -2.40% | -8.00% | 11.00% | 2.29% | -8.41% | -4.97% | 0.70% | -3.55% | -6.42% | 0.33% | 14.37% | 0.40% | 4.02% | -4.88% | 11.87% | 5.24% | 13.36% | 15.27% | 16.87% |
| Operating Income | $-2.15M | $-2.74M | $-3.92M | $1.91M | $-650.00K | $-3.60M | $-3.79M | $-1.30M | $-2.31M | $-3.30M | $-1.49M | $2.84M | $115.00K | $-1.21M | $-3.06M | $3.70M | $1.89M | $-5.42M | $-14.14M | $-2.33M |
| Operating Income Ratio | -6.82% | -9.34% | -14.34% | 5.86% | -2.17% | -14.13% | -14.73% | -4.45% | -8.51% | -12.86% | -5.49% | 8.98% | 0.40% | -3.69% | -9.74% | 9.25% | 5.23% | -16.05% | -30.81% | -5.32% |
| Total Other Income Expenses Net | $-220.00K | $-239.00K | $-80.00K | $-632.00K | $-337.00K | $-351.00K | $-411.00K | $-359.00K | $843.00K | $166.00K | $-155.00K | $-5.47M | $-1.81M | $-277.00K | $-1.35M | $-1.40M | $-1.56M | $-2.02M | $-2.22M | $-2.32M |
| Income Before Tax | $-2.37M | $-2.98M | $-4.00M | $1.28M | $-987.00K | $-3.95M | $-4.20M | $-155.00K | $-1.47M | $-3.14M | $-1.64M | $-2.63M | $-1.70M | $-1.49M | $-4.40M | $2.31M | $330.00K | $-7.45M | $-16.36M | $-4.65M |
| Income Before Tax Ratio | -7.52% | -10.15% | -14.64% | 3.93% | -3.29% | -15.51% | -16.32% | -0.53% | -5.41% | -12.22% | -6.06% | -8.34% | -5.95% | -4.53% | -14.02% | 5.76% | 0.91% | -22.05% | -35.65% | -10.61% |
| Income Tax Expense | $15.00K | $16.00K | $16.00K | $24.00K | $-407.00K | $21.00K | $21.00K | $80.00K | $-11.00K | $32.00K | $31.00K | $1.00K | $-9.00K | $33.00K | $37.00K | $-1.42M | $-1.64M | $-249.00K | $-3.87M | $-789.00K |
| Net Income | $-2.38M | $-3.00M | $-4.02M | $1.25M | $-580.00K | $-3.97M | $-4.22M | $-235.00K | $-1.46M | $-3.17M | $-1.67M | $-2.64M | $-1.69M | $-1.52M | $-4.44M | $3.72M | $1.97M | $-7.20M | $-12.48M | $-3.86M |
| Net Income Ratio | -7.56% | -10.20% | -14.70% | 3.85% | -1.94% | -15.59% | -16.41% | -0.80% | -5.37% | -12.34% | -6.18% | -8.35% | -5.92% | -4.63% | -14.14% | 9.29% | 5.45% | -21.31% | -27.21% | -8.81% |
| EPS | $-0.03 | $-0.04 | $-0.05 | $0.02 | $-0.01 | $-0.05 | $-0.06 | $0.00 | $-0.02 | $-0.04 | $-0.02 | $-0.04 | $-0.03 | $-0.03 | $-0.08 | $0.07 | $0.04 | $-0.13 | $-0.23 | $-0.07 |
| EPS Diluted | $-0.03 | $-0.04 | $-0.05 | $0.02 | $-0.01 | $-0.05 | $-0.06 | $0.00 | $-0.02 | $-0.04 | $-0.02 | $-0.04 | $-0.03 | $-0.03 | $-0.08 | $0.07 | $0.04 | $-0.13 | $-0.23 | $-0.07 |
| Weighted Average Shares Outstanding | 77.75M | 76.97M | 76.92M | 76.90M | 76.45M | 75.75M | 75.50M | 74.29M | 73.00M | 73.50M | 69.87M | 69.21M | 62.13M | 55.52M | 54.81M | 54.75M | 54.68M | 54.27M | 53.94M | 53.77M |
| Weighted Average Shares Outstanding Diluted | 77.75M | 76.97M | 76.92M | 77.36M | 76.45M | 75.75M | 75.50M | 74.29M | 74.02M | 73.50M | 69.87M | 69.21M | 62.13M | 55.52M | 54.81M | 56.21M | 54.71M | 54.27M | 53.94M | 53.77M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $7.25M | $23.38M | $17.35M | $16.04M | $3.37M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $7.25M | $23.38M | $17.35M | $16.04M | $3.37M |
| Net Receivables | $28.80M | $30.38M | $32.08M | $27.68M | $28.67M |
| Inventory | $- | $81.00K | $2.20M | $2.25M | $1.62M |
| Other Current Assets | $2.22M | $3.75M | $5.28M | $10.79M | $4.95M |
| Total Current Assets | $39.78M | $57.51M | $54.71M | $54.52M | $37.00M |
| Property Plant Equipment Net | $10.26M | $12.95M | $18.94M | $22.54M | $25.60M |
| Goodwill | $47.37M | $47.37M | $47.37M | $47.37M | $74.37M |
| Intangible Assets | $- | $- | $- | $689.00K | $925.00K |
| Goodwill and Intangible Assets | $47.37M | $47.37M | $47.37M | $48.06M | $75.30M |
| Long Term Investments | $- | $- | $- | $- | $-35.00K |
| Tax Assets | $- | $- | $- | $- | $35.00K |
| Other Non-Current Assets | $1.62M | $1.00M | $963.00K | $1.11M | $975.00K |
| Total Non-Current Assets | $59.25M | $61.33M | $67.28M | $71.71M | $101.88M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $99.03M | $118.83M | $121.98M | $126.23M | $138.87M |
| Account Payables | $727.00K | $1.26M | $1.12M | $407.00K | $2.53M |
| Short Term Debt | $500.00K | $3.44M | $4.21M | $64.61M | $8.87M |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $493.00K | $438.00K | $634.00K | $867.00K | $83.00K |
| Other Current Liabilities | $10.66M | $9.07M | $11.54M | $11.33M | $7.95M |
| Total Current Liabilities | $12.38M | $14.21M | $17.51M | $77.21M | $19.43M |
| Long Term Debt | $5.29M | $19.26M | $20.89M | $3.44M | $63.55M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $475.00K |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $35.00K |
| Other Non-Current Liabilities | $648.00K | $881.00K | $1.17M | $3.59M | $2.24M |
| Total Non-Current Liabilities | $5.94M | $20.14M | $22.05M | $7.04M | $65.82M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $18.32M | $34.35M | $39.56M | $84.25M | $85.25M |
| Preferred Stock | $- | $- | $- | $0 | $- |
| Common Stock | $8.00K | $7.00K | $7.00K | $5.00K | $5.00K |
| Retained Earnings | $-65.30M | $-57.78M | $-51.25M | $-40.96M | $-26.97M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-0 | $-0 | $- |
| Other Total Stockholders Equity | $146.00M | $142.26M | $133.66M | $82.93M | $80.59M |
| Total Stockholders Equity | $80.71M | $84.48M | $82.42M | $41.98M | $53.62M |
| Total Equity | $80.71M | $84.48M | $82.42M | $41.98M | $53.62M |
| Total Liabilities and Stockholders Equity | $99.03M | $118.83M | $121.98M | $126.23M | $138.87M |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $99.03M | $118.83M | $121.98M | $126.23M | $138.87M |
| Total Investments | $- | $- | $- | $- | $-35.00K |
| Total Debt | $5.54M | $21.47M | $23.24M | $65.73M | $69.64M |
| Net Debt | $-1.71M | $-1.91M | $5.89M | $49.68M | $66.27M |
Balance Sheet Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $7.78M | $10.42M | $3.79M | $7.33M | $17.31M | $14.98M | $12.34M | $23.38M | $25.59M | $15.97M | $17.43M | $17.35M | $51.32M | $9.95M | $19.20M | $16.04M | $15.65M | $15.21M | $8.57M | $3.37M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $7.78M | $10.42M | $3.79M | $7.33M | $17.31M | $14.98M | $12.34M | $23.38M | $25.59M | $15.97M | $17.43M | $17.35M | $51.32M | $9.95M | $19.20M | $16.04M | $15.65M | $15.21M | $8.57M | $3.37M |
| Net Receivables | $27.61M | $24.10M | $26.16M | $28.80M | $21.50M | $22.91M | $27.71M | $30.38M | $28.80M | $32.33M | $31.80M | $32.08M | $26.61M | $30.52M | $30.05M | $27.68M | $29.00M | $23.59M | $32.47M | $28.67M |
| Inventory | $- | $- | $- | $1 | $81.00K | $81.00K | $81.00K | $81.00K | $81.00K | $2.20M | $2.20M | $2.20M | $2.20M | $2.20M | $2.20M | $2.25M | $1.62M | $1.62M | $1.62M | $1.62M |
| Other Current Assets | $2.94M | $3.61M | $4.13M | $3.73M | $3.19M | $3.06M | $3.70M | $3.75M | $2.48M | $5.54M | $6.14M | $5.28M | $4.74M | $5.61M | $5.87M | $10.79M | $4.47M | $4.84M | $5.40M | $4.95M |
| Total Current Assets | $38.33M | $38.14M | $34.08M | $39.78M | $41.99M | $40.96M | $43.75M | $57.51M | $56.86M | $53.84M | $55.37M | $54.71M | $82.67M | $46.08M | $55.12M | $54.52M | $49.12M | $43.65M | $46.44M | $37.00M |
| Property Plant Equipment Net | $14.88M | $15.62M | $16.45M | $10.26M | $10.44M | $11.29M | $11.32M | $12.95M | $13.07M | $17.68M | $18.07M | $18.94M | $19.91M | $20.03M | $21.27M | $22.54M | $22.59M | $23.57M | $24.60M | $25.60M |
| Goodwill | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $55.37M | $74.37M |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $72.00K | $630.00K | $689.00K | $748.00K | $807.00K | $866.00K | $925.00K |
| Goodwill and Intangible Assets | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.37M | $47.44M | $48.00M | $48.06M | $48.12M | $48.18M | $56.24M | $75.30M |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-35.00K | $-35.00K | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $35.00K | $35.00K | $- |
| Other Non-Current Assets | $1.26M | $1.31M | $1.33M | $1.62M | $914.00K | $975.00K | $1.19M | $1.00M | $970.00K | $969.00K | $965.00K | $963.00K | $986.00K | $985.00K | $1.02M | $1.11M | $1.16M | $1.16M | $986.00K | $975.00K |
| Total Non-Current Assets | $63.51M | $64.30M | $65.16M | $59.25M | $58.72M | $59.64M | $59.89M | $61.33M | $61.42M | $66.02M | $66.40M | $67.28M | $68.27M | $68.46M | $70.29M | $71.71M | $71.88M | $72.90M | $81.82M | $101.88M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $101.84M | $102.44M | $99.24M | $99.03M | $100.71M | $100.59M | $103.64M | $118.83M | $118.28M | $119.86M | $121.78M | $121.98M | $150.94M | $114.54M | $125.41M | $126.23M | $120.99M | $116.55M | $128.26M | $138.87M |
| Account Payables | $719.00K | $888.00K | $2.15M | $727.00K | $872.00K | $1.20M | $971.00K | $1.26M | $785.00K | $963.00K | $1.19M | $1.12M | $829.00K | $846.00K | $865.00K | $407.00K | $1.37M | $1.40M | $3.01M | $2.53M |
| Short Term Debt | $846.00K | $970.00K | $281.00K | $500.00K | $2.34M | $2.37M | $2.44M | $3.44M | $3.46M | $3.54M | $3.67M | $4.21M | $52.13M | $12.56M | $63.99M | $64.61M | $65.12M | $8.58M | $8.54M | $8.87M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $1.90M | $848.00K | $492.00K | $493.00K | $500.00K | $112.00K | $- | $438.00K | $531.00K | $366.00K | $773.00K | $634.00K | $5.06M | $7.73M | $466.00K | $867.00K | $1.06M | $1.06M | $7.68M | $83.00K |
| Other Current Liabilities | $10.91M | $11.67M | $9.48M | $10.66M | $8.36M | $8.38M | $8.07M | $9.07M | $8.68M | $9.19M | $7.64M | $11.54M | $8.50M | $13.53M | $15.84M | $11.33M | $7.94M | $5.45M | $10.07M | $7.95M |
| Total Current Liabilities | $14.37M | $14.37M | $12.40M | $12.38M | $12.07M | $12.05M | $11.48M | $14.21M | $13.46M | $14.06M | $13.27M | $17.51M | $61.47M | $26.94M | $81.16M | $77.21M | $75.49M | $16.48M | $21.62M | $19.43M |
| Long Term Debt | $8.44M | $8.47M | $5.53M | $5.29M | $9.40M | $9.73M | $10.21M | $19.26M | $19.77M | $20.19M | $20.46M | $20.89M | $2.03M | $41.64M | $2.91M | $3.44M | $3.51M | $61.59M | $62.54M | $63.55M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $375.00K | $475.00K | $35.00K |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $35.00K | $35.00K | $35.00K |
| Other Non-Current Liabilities | $3.79M | $3.73M | $3.67M | $648.00K | $903.00K | $894.00K | $887.00K | $881.00K | $1.15M | $1.18M | $1.17M | $1.17M | $3.06M | $3.09M | $3.17M | $3.59M | $4.34M | $3.42M | $2.31M | $2.20M |
| Total Non-Current Liabilities | $12.24M | $12.20M | $9.19M | $5.94M | $10.31M | $10.62M | $11.09M | $20.14M | $20.92M | $21.37M | $21.63M | $22.05M | $5.08M | $44.73M | $6.08M | $7.04M | $7.85M | $65.04M | $64.89M | $65.82M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $26.61M | $26.57M | $21.59M | $18.32M | $22.38M | $22.68M | $22.58M | $34.35M | $34.38M | $35.43M | $34.91M | $39.56M | $66.55M | $71.67M | $87.24M | $84.25M | $83.34M | $81.52M | $86.51M | $85.25M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $0 | $- | $- | $- | $0 | $0 | $- | $0 | $- | $0 | $- | $- |
| Common Stock | $8.00K | $8.00K | $8.00K | $8.00K | $8.00K | $7.00K | $7.00K | $7.00K | $7.00K | $7.00K | $7.00K | $7.00K | $7.00K | $6.00K | $5.00K | $5.00K | $5.00K | $5.00K | $5.00K | $5.00K |
| Retained Earnings | $-74.70M | $-72.31M | $-69.32M | $-65.30M | $-66.56M | $-65.98M | $-62.00M | $-57.78M | $-57.55M | $-56.09M | $-52.92M | $-51.25M | $-48.61M | $-46.92M | $-45.40M | $-40.96M | $-44.68M | $-46.65M | $-39.45M | $-26.97M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $0 | $- | $0 | $0 | $-0 | $- | $-0 | $-0 | $- | $-0 | $-0 | $-0 | $- | $-0 | $- | $-0 | $- | $- |
| Other Total Stockholders Equity | $149.93M | $148.17M | $146.96M | $146.00M | $144.88M | $143.89M | $143.06M | $142.26M | $141.44M | $140.51M | $139.78M | $133.66M | $132.99M | $89.78M | $83.56M | $82.93M | $82.33M | $81.68M | $81.20M | $80.59M |
| Total Stockholders Equity | $75.24M | $75.87M | $77.65M | $80.71M | $78.33M | $77.92M | $81.06M | $84.48M | $83.90M | $84.42M | $86.87M | $82.42M | $84.39M | $42.87M | $38.17M | $41.98M | $37.65M | $35.03M | $41.75M | $53.62M |
| Total Equity | $75.24M | $75.87M | $77.65M | $80.71M | $78.33M | $77.92M | $81.06M | $84.48M | $83.90M | $84.42M | $86.87M | $82.42M | $84.39M | $42.87M | $38.17M | $41.98M | $37.65M | $35.03M | $41.75M | $53.62M |
| Total Liabilities and Stockholders Equity | $101.84M | $102.44M | $99.24M | $99.03M | $100.71M | $100.59M | $103.64M | $118.83M | $118.28M | $119.86M | $121.78M | $121.98M | $150.94M | $114.54M | $125.41M | $126.23M | $120.99M | $116.55M | $128.26M | $138.87M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $101.84M | $102.44M | $99.24M | $99.03M | $100.71M | $100.59M | $103.64M | $118.83M | $118.28M | $119.86M | $121.78M | $121.98M | $150.94M | $114.54M | $125.41M | $126.23M | $120.99M | $116.55M | $128.26M | $138.87M |
| Total Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-35.00K | $-35.00K | $- |
| Total Debt | $8.87M | $8.95M | $5.81M | $5.54M | $11.41M | $11.63M | $12.02M | $21.47M | $21.94M | $22.33M | $22.60M | $23.24M | $52.06M | $51.99M | $64.64M | $65.73M | $66.29M | $67.55M | $68.48M | $69.64M |
| Net Debt | $1.09M | $-1.47M | $2.02M | $-1.79M | $-5.90M | $-3.35M | $-315.00K | $-1.91M | $-3.65M | $6.36M | $5.17M | $5.89M | $736.00K | $42.05M | $45.44M | $49.68M | $50.64M | $52.34M | $59.91M | $66.27M |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $-7.52M | $-6.54M | $-10.29M | $-13.99M | $-26.82M |
| Depreciation and Amortization | $6.71M | $5.70M | $7.00M | $7.01M | $11.12M |
| Deferred Income Tax | $- | $- | $1.69M | $27.09M | $13.00K |
| Stock Based Compensation | $3.94M | $3.04M | $2.64M | $2.61M | $2.31M |
| Change in Working Capital | $-253.00K | $-3.71M | $-3.71M | $-3.03M | $-9.22M |
| Accounts Receivables | $1.58M | $5.01M | $1.67M | $3.95M | $-6.29M |
| Inventory | $- | $- | $-5.80M | $-5.92M | $-3.17M |
| Accounts Payables | $-535.00K | $138.00K | $717.00K | $-2.12M | $1.13M |
| Other Working Capital | $-1.30M | $-8.86M | $-292.00K | $1.06M | $-895.00K |
| Other Non Cash Items | $983.00K | $-1.37M | $3.59M | $1.13M | $7.17M |
| Net Cash Provided by Operating Activities | $3.86M | $-2.88M | $916.00K | $20.81M | $-15.42M |
| Investments in Property Plant and Equipment | $-4.14M | $-3.58M | $-3.42M | $-3.79M | $-4.86M |
| Acquisitions Net | $- | $4.93M | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $3.00K | $382.00K | $3.15M | $- | $- |
| Net Cash Used for Investing Activities | $-4.14M | $1.73M | $-270.00K | $-3.79M | $-4.86M |
| Debt Repayment | $-14.50M | $-500.00K | $-40.86M | $-3.45M | $18.51M |
| Common Stock Issued | $- | $5.56M | $42.64M | $- | $34.00K |
| Common Stock Repurchased | $-196.00K | $- | $- | $-266.00K | $-466.00K |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-1.35M | $5.56M | $-1.17M | $-266.00K | $-47.00K |
| Net Cash Used Provided by Financing Activities | $-15.85M | $5.06M | $608.00K | $-3.72M | $18.00M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-16.13M | $3.92M | $1.25M | $13.30M | $-2.28M |
| Cash at End of Period | $7.33M | $23.46M | $19.55M | $18.30M | $5.00M |
| Cash at Beginning of Period | $23.46M | $19.55M | $18.30M | $5.00M | $7.28M |
| Operating Cash Flow | $3.86M | $-2.88M | $916.00K | $20.81M | $-15.42M |
| Capital Expenditure | $-4.14M | $-3.58M | $-3.42M | $-3.79M | $-4.86M |
| Free Cash Flow | $-283.00K | $-6.46M | $-2.50M | $17.02M | $-20.28M |
Cash Flow Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-2.38M | $-3.00M | $-4.02M | $1.25M | $-580.00K | $-3.97M | $-4.22M | $-235.00K | $-1.46M | $-3.17M | $-1.67M | $-2.64M | $-1.69M | $-1.52M | $-4.44M | $3.72M | $1.97M | $-7.20M | $-12.48M | $-3.86M |
| Depreciation and Amortization | $2.02M | $2.04M | $1.51M | $1.50M | $1.25M | $1.46M | $2.51M | $1.51M | $1.35M | $1.27M | $1.58M | $1.70M | $1.24M | $2.53M | $1.52M | $1.05M | $1.89M | $1.93M | $2.14M | $2.51M |
| Deferred Income Tax | $- | $- | $- | $-11.56M | $-407.00K | $4.00K | $- | $- | $-11.00K | $- | $- | $3.40M | $-9.00K | $-1.81M | $636.00K | $- | $99.00K | $-249.00K | $19.00M | $-18.00K |
| Stock Based Compensation | $1.86M | $1.30M | $957.00K | $1.12M | $1.13M | $888.00K | $798.00K | $824.00K | $931.00K | $723.00K | $558.00K | $677.00K | $540.00K | $774.00K | $649.00K | $613.00K | $657.00K | $649.00K | $691.00K | $568.00K |
| Change in Working Capital | $-5.77M | $4.18M | $1.59M | $-7.88M | $1.33M | $5.95M | $-1.30M | $-2.81M | $3.52M | $704.00K | $-5.12M | $-4.64M | $-1.05M | $-4.09M | $6.08M | $-2.71M | $-2.73M | $4.91M | $-2.51M | $-8.60M |
| Accounts Receivables | $-4.11M | $107.00K | $3.64M | $-7.30M | $-1.34M | $2.85M | $158.00K | $56.00K | $4.03M | $-43.00K | $971.00K | $-2.60M | $853.00K | $801.00K | $2.62M | $-802.00K | $-1.82M | $6.68M | $-106.00K | $-6.64M |
| Inventory | $- | $- | $- | $2.79M | $2.38M | $2.87M | $- | $- | $- | $- | $- | $-3.40M | $-1.67M | $-3.84M | $3.12M | $-339.00K | $-2.84M | $116.00K | $-2.87M | $-1.45M |
| Accounts Payables | $-169.00K | $-1.26M | $1.42M | $-145.00K | $-323.00K | $224.00K | $-291.00K | $477.00K | $-178.00K | $-228.00K | $67.00K | $295.00K | $-17.00K | $-19.00K | $458.00K | $-965.00K | $-25.00K | $-1.61M | $475.00K | $670.00K |
| Other Working Capital | $-1.49M | $5.34M | $-3.47M | $-3.22M | $615.00K | $15.00K | $-1.17M | $-3.35M | $-333.00K | $-45.00K | $-6.16M | $1.07M | $-216.00K | $-1.03M | $-114.00K | $-603.00K | $1.96M | $-281.00K | $-11.00K | $-1.18M |
| Other Non Cash Items | $2.97M | $6.59M | $-1.00M | $12.46M | $763.00K | $87.00K | $64.00K | $25.00K | $-1.03M | $24.00K | $7.00K | $1.13M | $794.00K | $764.00K | $369.00K | $144.00K | $346.00K | $8.49M | $382.00K | $7.35M |
| Net Cash Provided by Operating Activities | $-1.31M | $4.58M | $121.00K | $-3.11M | $3.48M | $4.41M | $-2.15M | $-695.00K | $3.30M | $-827.00K | $-4.65M | $-370.00K | $-178.00K | $-3.36M | $4.82M | $2.82M | $2.24M | $8.53M | $7.22M | $-2.05M |
| Investments in Property Plant and Equipment | $-1.23M | $-858.00K | $-3.65M | $-1.19M | $-617.00K | $-1.43M | $-909.00K | $-1.39M | $-609.00K | $-889.00K | $-700.00K | $-721.00K | $-1.09M | $-778.00K | $-826.00K | $-930.00K | $-919.00K | $-870.00K | $-1.07M | $-755.00K |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $4.93M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- | $- | $3.00K | $- | $4.93M | $382.00K | $- | $-25.00K | $765.00K | $2.41M | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $-1.23M | $-858.00K | $-3.65M | $-1.19M | $-617.00K | $-1.43M | $-906.00K | $-1.39M | $4.33M | $-507.00K | $-700.00K | $-746.00K | $-326.00K | $1.63M | $-826.00K | $-930.00K | $-919.00K | $-870.00K | $-1.07M | $-755.00K |
| Debt Repayment | $- | $3.00M | $- | $-7.41M | $-250.00K | $-250.00K | $-7.75M | $-125.00K | $-125.00K | $-125.00K | $-125.00K | $-32.42M | $-788.00K | $-6.79M | $-863.00K | $-862.00K | $-863.00K | $-862.00K | $-863.00K | $-738.00K |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $5.56M | $-4.00K | $42.67M | $23.00K | $- | $- | $- | $- | $- | $34.00K |
| Common Stock Repurchased | $90.00K | $-90.00K | $- | $196.00K | $-139.00K | $-57.00K | $- | $- | $- | $- | $- | $- | $- | $-610.00K | $-23.00K | $-6.00K | $-12.00K | $-164.00K | $-84.00K | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-104.00K | $-91.00K | $-14.00K | $424.00K | $-150.00K | $-87.00K | $-244.00K | $- | $- | $- | $5.56M | $-431.00K | $42.67M | $-737.00K | $-23.00K | $-6.00K | $-12.00K | $-164.00K | $-84.00K | $-13.00K |
| Net Cash Used Provided by Financing Activities | $-104.00K | $2.91M | $-14.00K | $-6.98M | $-539.00K | $-337.00K | $-7.99M | $-125.00K | $-125.00K | $-125.00K | $5.44M | $-32.86M | $41.88M | $-7.52M | $-886.00K | $-868.00K | $-875.00K | $-1.03M | $-947.00K | $-751.00K |
| Effect of Forex Changes on Cash | $- | $- | $- | $4.55M | $-891.00K | $-3.66M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-2.65M | $6.64M | $-3.54M | $-10.06M | $2.33M | $2.65M | $-11.05M | $-2.21M | $7.50M | $-1.46M | $85.00K | $-33.98M | $41.37M | $-9.25M | $3.11M | $1.02M | $444.00K | $6.64M | $5.20M | $-3.55M |
| Cash at End of Period | $7.78M | $10.42M | $3.79M | $7.33M | $17.39M | $15.06M | $12.42M | $23.46M | $25.67M | $18.18M | $19.64M | $19.55M | $53.53M | $12.15M | $21.41M | $18.30M | $17.28M | $16.83M | $10.20M | $5.00M |
| Cash at Beginning of Period | $10.42M | $3.79M | $7.33M | $17.39M | $15.06M | $12.42M | $23.46M | $25.67M | $18.18M | $19.64M | $19.55M | $53.53M | $12.15M | $21.41M | $18.30M | $17.28M | $16.83M | $10.20M | $5.00M | $8.55M |
| Operating Cash Flow | $-1.31M | $4.58M | $121.00K | $-3.11M | $3.48M | $4.41M | $-2.15M | $-695.00K | $3.30M | $-827.00K | $-4.65M | $-370.00K | $-178.00K | $-3.36M | $4.82M | $2.82M | $2.24M | $8.53M | $7.22M | $-2.05M |
| Capital Expenditure | $-1.23M | $-858.00K | $-3.65M | $-1.19M | $-617.00K | $-1.43M | $-909.00K | $-1.39M | $-609.00K | $-889.00K | $-700.00K | $-721.00K | $-1.09M | $-778.00K | $-826.00K | $-930.00K | $-919.00K | $-870.00K | $-1.07M | $-755.00K |
| Free Cash Flow | $-2.54M | $3.73M | $-3.53M | $-4.29M | $2.87M | $2.98M | $-3.06M | $-2.08M | $2.69M | $-1.72M | $-5.35M | $-1.09M | $-1.27M | $-4.14M | $4.00M | $1.89M | $1.32M | $7.66M | $6.15M | $-2.80M |
Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. The company offers recovery services to the clients in Federal guaranteed student loan program and private institutions; identifies and tracks defaulted borrowers across its clients' portfolios of student loans; rehabilitates and recovers past due student loans; provides tax recovery services to federal, state and municipal agencies; recovers government debt for various federal agencies; and offers audit and recovery services to identify improper healthcare payments for public and private healthcare clients. It also identifies improper payments resulting from incorrect coding, procedures that were not medically necessary, incomplete documentation, and claims submitted based on outdated fee schedules; and provides first party call center and other outsourced services. In addition, the company offers Performant Insight that provides various services, such as post- and pre-payment audit of healthcare claims, detection of fraud, waste and abuse of healthcare claims, coordination of benefits, and pharmacy fraud detection services. 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.
$3.56
Stock Price
$278.72M
Market Cap
964
Employees
Livermore, CA
Location
Revenue (FY 2023)
$113.74M
4.2% YoY
Net Income (FY 2023)
$-7.52M
-15.0% YoY
EPS (FY 2023)
$-0.10
-10.2% YoY
Free Cash Flow (FY 2023)
$-283.00K
95.6% YoY
Profitability
Gross Margin
100.0%
Net Margin
-8.0%
ROE
-12.9%
ROA
-9.7%
Valuation
P/E Ratio
-23.73
P/S Ratio
1.91
EV/EBITDA
-106.04
Market Cap
$278.72M
Revenue & Net Income
Profit Margins
Cash Flow Summary
Operating Cash Flow
$3.86M
234.2% YoY
Free Cash Flow
$-283.00K
95.6% YoY
Balance Sheet Summary
Total Assets
$99.03M
-16.7% YoY
Total Debt
$5.54M
74.2% YoY
Shareholder Equity
$80.71M
-8.5% YoY
Dividend Overview
No Dividend Data
Performant Financial Corporation doesn't currently pay dividends.
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Performant Financial News
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Performant Healthcare, Inc. Ticker Symbol Change to “PHLT”
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Healthcare, Inc. (Nasdaq: PFMT) (“Performant” or the “Company”) is pleased to announce that its ticker symbol on the Nasdaq stock exchange will change from “PFMT” to “PHLT” effective as of market open on Wednesday, December 18, 2024. The change reflects Performant's strategic evolution into a pure-play healthcare payment integrity leader, underscoring its commitment to providing innovative solutions that reduce waste and abuse in the healthcare syst.
Performant Announces Name Change to Performant Healthcare, Inc. – Concludes Strategic Shift to Healthcare
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) today announced it has changed its name to Performant Healthcare, Inc. (“Performant” or the “Company”), and plans to update its ticker symbol to PHLT. The name change and new ticker symbol will not impact the Company's operations, management or structure. Performant, a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, is changing its name to reflect its strateg.
Performant Financial: In-Line Quarter And Outlook Despite Headwinds - Hold
Performant Financial's Q3/2024 results came in very much in line with muted consensus expectations. While the decision to further reduce customer care services will impact the company's top-line performance going forward, management reiterated full-year projections for profitability and core healthcare revenues. In addition, the company has experienced headwinds from the election cycle and the Change Healthcare cybersecurity breach in February.
Performant to Participate in the Noble Capital Markets 20th Annual Emerging Growth Equity Conference
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (the “Company”), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that it will participate in the Noble Capital Markets 20th Annual Emerging Growth Equity Conference, taking place in Boca Raton on Tuesday, December 3rd. Simeon Kohl, CEO, will present and meet with investors to discuss key updates, including the recent New York State Medicaid.
Performant to Participate in the Craig-Hallum Alpha Select Conference
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (the “Company”), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that it will participate in the 15th Annual Craig-Hallum Alpha Select Conference, taking place in New York City on Tuesday, November 19th. Simeon Kohl, CEO, and Rohit Ramchandani, CFO, will be meeting with investors to discuss key updates, including the recent New York State Me.
Performant Financial Corporation to Report Third Quarter 2024 Earnings on November 6, 2024
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (the Company), primarily operating under subsidiary Performant Healthcare Solutions, a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that the company will report its third quarter 2024 results after the market closes Wednesday November 6, 2024. The Company will also hold a conference call to discuss results at 5:00 pm (Eastern Time) that day.
Performant to Participate in September Investor Conferences
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (the “Company”), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that it will participate in the following conferences in September: Wednesday, September 4th: Wells Fargo Healthcare Conference in Boston Rohit Ramchandani, CFO, will be hosting 1:1 meetings with investors Thursday, September 12th: Lake Street Capital Markets “Big8” Best Ideas.
Performant Financial Corporation to Present at August 20th Virtual Investor Summit Microcap Event
NEW YORK, NY / ACCESSWIRE / August 14, 2024 / Performant Financial Corporation (NASDAQ:PFMT), a leading provider of healthcare payment integrity services aids payers in preventing improper payments using advanced technology and analytics. The company will be available for 1-on-1 meetings throughout the day in addition to their presentation.
Performant Financial: Decent Quarter But Further Progress Required
Performant Financial Corporation reported second quarter 2024 results ahead of consensus estimates, with both revenues and profitability outperforming expectations. Adjusted EBITDA turned positive for the quarter, and the company generated $3.7 million in free cash flow. However, not everything is going according to plan, as the upcoming election has created some near-term headwinds in the company's government vertical.
Performant Financial Corporation (PFMT) Q2 2024 Earnings Call Transcript
Performant Financial Corporation (NASDAQ:PFMT ) Q2 2024 Results Conference Call August 7, 2024 5:00 PM ET Company Participants Jon Bozzuto - Head, Investor Relations Simeon Kohl - Chief Executive Officer Rohit Ramchandani - Chief Financial Officer Conference Call Participants George Sutton - Craig-Hallum Capital Group Kyle Bauser - B. Riely Securities Jacob Stephan - Lake Street Capital Markets Operator Greetings afternoon, ladies and gentlemen and welcome to Performant Financial's Second Quarter 2024 Earnings Conference Call.
Performant to Participate in June Investor Conferences
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (the “Company”), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that it will participate in the following conferences in June: Wednesday, June 26th: Truist 2024 Healthcare Disruptors & Digital Health Summit in NYC Simeon Kohl, CEO, will be hosting a panel discussion titled: “Tools to Reduce Fraud, Waste, & Abuse in the Healthcare Sy.
Performant Financial Corporation (PFMT) Q1 2024 Earnings Call Transcript
Performant Financial Corporation (NASDAQ:PFMT ) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Jon Bozzuto - Head, Investor Relations Simeon Kohl - Chief Executive Officer Rohit Ramchandani - Chief Financial Officer Conference Call Participants George Sutton - Craig-Hallum Capital Group Jacob Stephan - Lake Street Capital Markets Operator Greetings ladies and gentlemen and welcome to Performant Financial Corporation's First Quarter 2024 Earnings Call. At this time, all lines are in a listen-only mode.
Performant Financial Corporation to Report First Quarter 2024 Earnings on May 7, 2024
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (the Company), primarily operating under subsidiary Performant Healthcare Solutions, a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that the company will report its first quarter 2024 results after the market closes Tuesday May 7, 2024. The Company will also hold a conference call to discuss results at 5:00 pm (Eastern Time) that day. To jo.
Performant Financial Corporation Acquires Artificial Intelligence Technology in Support of Its Scale Initatives
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (Performant), primarily operating as Performant Healthcare Solutions, a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, today announced the strategic acquisition of key AI technology assets from RecordsOne, a technology company specializing in natural language processing and advanced domain analytics to enhance cost containment workflows within the healthcare.
Performant Financial Corporation Announces Financial Results for Fourth Quarter and Full Year 2023
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT), a leading provider of healthcare payment integrity services, today reported the following financial results for its fourth quarter and full year ended December 31, 2023: Fourth Quarter Financial Highlights Total revenues of $32.6 million, compared to $29.2 million in the prior year period Healthcare revenues of $31.1 million, compared to $26.0 million in the prior year period Net income of $1.3 million, or $0.02.
Performant to Participate in the 36th Annual Roth Conference
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (the “Company”), primarily operating as Performant Healthcare Solutions, a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that it will participate in the 36th Annual Roth Conference that is being held in Laguna Niguel, CA on Monday March 18th. Rohit Ramchandani, CFO, will be meeting with investors to share insights into the Company's recent r.
Performant Financial Corporation Announces the Appointment of Dr. Shantanu Agrawal to Its Board of Directors
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (Performant), primarily operating as Performant Healthcare Solutions, a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, is proud to announce the appointment of Dr. Shantanu Agrawal, M.D. to its Board of Directors. Dr. Agrawal brings a wealth of expertise and experience in healthcare policy and payment integrity. As Chief Health Officer at Elevance Health (NYS.
Performant Financial Corporation to Report Fourth Quarter and Full-year 2023 Earnings on March 12, 2024
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (the Company), primarily operating under subsidiary Performant Healthcare Solutions, a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that the company will report its fourth quarter and full-year 2023 results after the market closes Tuesday March 12, 2024. The Company will also hold a conference call to discuss results at 5:00 pm (Eastern Tim.
Performant to Participate in the 14th Annual Craig-Hallum Alpha Select Conference
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (the “Company”), primarily operating as Performant Healthcare Solutions, a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that it will participate in the 14th Annual Craig-Hallum Alpha Select Conference that is being held in New York City on Thursday November 16th. Rohit Ramchandani, CFO, will be meeting with investors to share insights into.
Performant Financial Corporation (PFMT) Q3 2023 Earnings Call Transcript
Performant Financial Corporation (NASDAQ:PFMT ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Jon Bozzuto - Head of Investor Relations Simeon Kohl - Chief Executive Officer Rohit Ramchandani - Chief Financial Officer Conference Call Participants George Sutton - Craig-Hallum Operator Good afternoon, ladies and gentlemen and welcome to the Performant Financial Corp. Third Quarter 2023 Earnings Conference Call. [Operator Instructions] This call is being recorded on Tuesday, August 8, 2023 [ph].
Performant Financial Corporation Announces Financial Results for Third Quarter 2023
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT), (the "Company"), primarily operating as Performant Healthcare Solutions, a leading provider of technology-enabled audit, recovery, and related analytics services in the United States with a focus in the healthcare payment integrity industry, today reported the following financial results for its third quarter ended September 30, 2023: Third Quarter Financial Highlights Healthcare revenues of $28.5 million, compa.
Performant Financial Corporation Announces Completion of Debt Refinancing
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (Performant), primarily operating as Performant Healthcare Solutions, a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today the completion of a refinancing of its existing credit facility with a new credit facility with Wells Fargo that has a $25 million revolving loan commitment, subject to customary asset-based loan borrowing base limitations. T.
Performant Financial Corporation to Report Third Quarter 2023 Earnings on November 7, 2023
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (the Company), primarily operating under subsidiary Performant Healthcare Solutions, a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that the company will report its third quarter 2023 results after the market closes Tuesday November 7, 2023. The Company will also hold a conference call to discuss results at 5:00 pm (Eastern Time) that day.
Performant Financial Corporation Awarded New York State Medicaid RAC Contract
LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (Performant or the Company), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced that New York State's Office of the Medicaid Inspector General (OMIG) awarded Performant its 2023 Recovery Audit Contractor (RAC) contract following an open and competitive procurement process. This contract will run for five years, consisting of an initial three-year te.
Performant to Participate in CAQH Connect 2023 Conference
LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (the Company), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced that it will host a special presentation at the CAQH Connect 2023 Conference. On Thursday, September 28th, at 4:00 PM Eastern Time, Alan Coulter, Vice President of Business Development at Performant, in partnership with Ken Pingel, Payment Integrity Manager at Priority Health, will sp.
Performant to Participate in the 7th Annual Lake Street Best Ideas Growth Conference
LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT) (the Company), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that it will participate in the 7th Annual Lake Street Capital Markets Best Ideas Growth Conference that is being held in New York City on September 14th. Simeon Kohl, CEO and Rohit Ramchandani, CFO will be meeting with investors sharing insights into the company's recent achiev.
Performant Financial Corporation (PFMT) Q2 2023 Earnings Call Transcript
Performant Financial Corporation (NASDAQ:PFMT ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Simeon Kohl - Chief Executive Officer Rohit Ramchandani - Chief Financial Officer Conference Call Participants George Sutton - Craig-Hallum Jacob Stephan - Lake Street Operator Good morning, ladies and gentlemen, and welcome to the Performant Financial Corp Second Quarter 2023 Earnings Conference Call. At this time, all lines are in a listen-only mode.
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