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Performant Financial Corporation  (PFMT)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 
Price: $2.9000 $-0.01 -0.344%
Day's High: $2.95 Week Perf: -4.61 %
Day's Low: $ 2.86 30 Day Perf: 2.84 %
Volume (M): 764 52 Wk High: $ 3.61
Volume (M$): $ 2,215 52 Wk Avg: $2.74
Open: $2.90 52 Wk Low: $2.00



 Market Capitalization (Millions $) 218
 Shares Outstanding (Millions) 75
 Employees 276
 Revenues (TTM) (Millions $) 114
 Net Income (TTM) (Millions $) -8
 Cash Flow (TTM) (Millions $) -16
 Capital Exp. (TTM) (Millions $) 4

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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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 Corporation

Performant Financial Corporation Faces Widening Deficit in Q1 2023, While Climbing Overall Rankings

Performant Financial Corporation, a financial services company, has reported a cumulative net loss of $-9 million during the 12 months ending in the first quarter of 2023. This has resulted in a negative return on assets (ROA) of -7.89%. Despite this setback, the company's overall ranking has advanced in the Mar 31 2023 quarter, climbing to 2060 from the total ROA ranking in the fourth quarter of 2022 at 3489. However, it's noteworthy that within the Services sector, 310 other companies had a higher return on assetsThe lower revenue has contributed to the deficit in Performant Financial Corporation's financial span ending March 31, 2023. Revenue decreased by -4.999% to $25.73 million, and the deficit per share stood at $-0.06, compared to $-0.02 per share realized in the same quarter a year ago. Furthermore, looking into earnings from the preceding quarter, revenue declined by -12.014% from $29.24 million, while earnings per share were at $0.00.
Performant Financial Corporation's net deficit in the financial span ending March 31, 2023, was $-4.221 million, higher than $-1.673 million a year ago. The company is expected to report its next financial earnings on August 08, 2023.
In conclusion, Performant Financial Corporation has recorded a significant net loss in the first quarter of 2023, leading to a negative return on assets. While the company's overall ranking has advanced, there are several challenges that it will need to address to improve its financial performance. Investors should keep a close eye on the company's upcoming financial reports to evaluate its progress.






 

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Earnings Outlook
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