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Performant Financial Corporation  (PFMT)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 
Price: $3.4300 $0.08 2.388%
Day's High: $3.45 Week Perf: -14.25 %
Day's Low: $ 3.34 30 Day Perf: -6.79 %
Volume (M): 178 52 Wk High: $ 4.35
Volume (M$): $ 612 52 Wk Avg: $3.12
Open: $3.36 52 Wk Low: $2.37



 Market Capitalization (Millions $) 267
 Shares Outstanding (Millions) 78
 Employees 202
 Revenues (TTM) (Millions $) 121
 Net Income (TTM) (Millions $) -8
 Cash Flow (TTM) (Millions $) -10
 Capital Exp. (TTM) (Millions $) 7

Performant Financial Corporation
Performant Financial Corporation is a publicly traded company that offers technology-enabled recovery and related analytics services to both government and commercial clients in the United States. The company was founded in 1976 and is headquartered in Livermore, California.

The primary focus of Performant Financial Corporation is to help its clients optimize their financial performance by reducing costs, improving efficiency, and increasing revenue. This is achieved through a variety of services including debt recovery, audit and recovery services, data analytics, compliance consulting, and healthcare revenue cycle management.

The company has developed proprietary technology and analytics tools that it uses to identify and recover payments that clients are rightfully owed, but may have been overlooked or lost in various processes. Performant Financiales clients include federal, state, and municipal government agencies, as well as commercial clients such as healthcare providers, financial services companies, and schools.

Performant Financial Corporation also offers a range of back-end support services for its clients, such as outsourced customer service, data entry, and call center operations. This allows clients to shift their focus away from tedious administrative tasks and instead concentrate on their core business activities.

The companyes approach to business is driven by a commitment to compliance with all applicable laws and regulations, while maintaining transparency in all its relationships. Performant Financial Corporation has been recognized for this commitment through various industry awards and accolades, including recognition from Ernst & Young as the eEntrepreneur of the Yeare for the San Francisco Bay Area in 2012.

Overall, Performant Financial Corporation has demonstrated strong financial performance and consistent growth over the years, with a market capitalization of over $160 million (as of October 2021) and a workforce of over 1,700 employees. It remains focused on delivering value to its clients and shareholders by leveraging its expertise in technology, analytics, and compliance.


   Company Address: 900 South Pine Island Road, Plantation 33324 FL
   Company Phone Number: 960-4800   Stock Exchange / Ticker: NASDAQ PFMT


   

Stock Performances by Major Competitors

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Business Update

Performant Financial Scores RAC Win and Boasts Strong Q2 Financials A Winning Streak,

Published Fri, Sep 6 2024 5:09 AM UTC

Performant Financial Scores Major RAC Award Amid Impressive Financial Performance''By , CSIMarket.com 'PLANTATION, Fla. Performant Financial Corporation (Nasdaq: PFMT), renowned for their cutting-edge technology-driven payment integrity, eligibility, and analytics services, has secured a significant triumph. The company recently announced its tentative selection for the p...

Performant Financial Corporation

PFMT Reports a Negative Earnings Per Share of $-0.05 in the First Quarter of 2024

Performant Financial Corporation (Nasdaq: PFMT) recently released their financial report for the first quarter of 2024, and the results are far from encouraging. The company reported a loss per share of $-0.05, showing a slight improvement compared to the previous year's loss of $-0.06 per share. However, the income per share decreased from $0.02 in the preceding reporting period, which raises concerns about the company's profitability.
Furthermore, Performant Financial Corporation's revenue increased by 6.238% to $27.33 million from $25.73 million in the comparable reporting period a year ago. However, there was a significant sequential decline of -16.068% from $32.57 million. This drop in revenue could indicate a decrease in demand for the company's services, which is a worrying trend.

Performant Financial Corporation

PFMTsn show strong top-line growth in fourth quarter of 2023

Performant Financial Corporation, a professional services company, has seen a solid gain of 6.46% in its stock value over the past five days. However, in March 2024 so far, the PFMT stock has declined by 6.46%. Despite the recent fluctuations, the stock is currently trading on the NASDAQ at a 14.3% premium above its 52-week average. To understand the potential impact of these trends on the company's future, we can analyze its financial results.
In the fourth quarter of 2023, Performant Financial Corporation recorded earnings per share (EPS) of $0.02. This figure remained unchanged compared to the previous year but showed a positive turnaround from the preceding reporting period, where EPS was at $-0.01 per share. This indicates stability and progress in terms of profitability.

Performant Financial Corporation

Significant Decline in Diminishing Returns Observed at PFMT During July to September 30, 2023 Interval

Performant Financial Corporation stock has experienced significant gains over the past seven days, increasing by 13.5%. This positive movement reflects the improvement in the company's overall financial performance. In fact, when compared to the previous year, Performant Financial Corporation stock has improved by 11.16%.
One key indicator of the company's growth is that its stock trades 34.5% above its 52-week low. This indicates strong investor confidence and suggests that Performant Financial Corporation is on an upward trajectory.

Performant Financial Corporation

Performant Financial Corporation Faces Declining Demand and Diminishing Returns, Reporting a Net Deficit and Potential Challenges Ahead for Q2 FY2023



Performant Financial Corporation, a NASDAQ-listed company, has experienced a decline in its stock value over the last five trading days, bringing its year-to-date performance to -27%. Additionally, the company's stock is currently trading -2.5% below its 52-week average. As we analyze the latest financial results of Performant Financial Corporation, it becomes evident that declining demand and diminishing returns have impacted the company's revenue, resulting in a net deficit and potential challenges ahead.
1. Declining Demand Leads to Diminishing Returns:
The financial span ending June 30, 2023, witnessed Performant Financial Corporation's revenue decrease by -0.763% to $25.49 million. This decline in revenue is considerable considering the company's performance in the previous reporting period, which experienced a drop of only -0.948%. The deficit per share also increased from $-0.04 to $-0.05 in comparison to the same period a year prior. This negative trend indicates that Performant Financial Corporation is facing challenges in generating sufficient revenue due to declining demand.







Performant Financial's Segments
Healthcare Total    96.09 % of total Revenue
Eligibility-based    50.99 % of total Revenue
Claims-based    45.11 % of total Revenue
Customer Care Outsourced Services    3.91 % of total Revenue





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