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Performant Financial Corp (PFMT.OQ)

PFMT.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Performant announces passing of its chief financial officer
Friday, 21 Jul 2017 04:01pm EDT 

July 21 (Reuters) - Performant Financial Corp :Performant announces passing of its chief financial officer.Performant Financial Corp - announced that its Chief Financial Officer, Hakan Orvell, passed away on July 20, 2017.Performant Financial Corp - ‍lisa Im, chief executive officer and Ian Johnston, chief accounting officer, have been handling orvell's duties​.  Full Article

Performant announces medical leave of absence of CFO
Thursday, 13 Jul 2017 06:30am EDT 

July 13 (Reuters) - Performant Financial Corp :Performant announces medical leave of absence of chief financial officer.Performant Financial Corp - ‍announced that Hakan Orvell, chief financial officer, has taken a leave of absence, effective immediately​.Performant Financial - during leave of absence CEO Lisa Im and Ian Johnston, chief accounting officer, will assume Hakan Orvell's management duties.  Full Article

Performant Financial announces termination of student loan recovery contract
Monday, 19 Jun 2017 08:30am EDT 

June 19 (Reuters) - Performant Financial Corp :Performant financial corporation announces termination of student loan recovery contract.Performant financial corp - company's contract with glhe will terminate thirty days after company's receipt of termination notice.Performant financial corp - does not expect that termination of glhe contract will have an adverse effect on its near-term revenues or net income.Performant financial - expects revenues from termination of glhe contract will begin to decrease in h2 2018 and be wound down almost entirely in 2019.Performant financial corp - company will engage in discussions to further amend or restructure its credit agreement.Performant financial corp - company is currently seeking to refinance its credit agreement through new debt or equity financing.Performant financial corp - also initiated an exploration of other strategic alternatives if new debt or equity financing cannot be obtained.Performant - co's principal customers, great lakes higher education guaranty corporation notified co it is terminating student loan recovery contract.Performant - co has been told that it will have opportunity to continue to provide some student loan recovery services to glhe on a subcontracting basis.  Full Article

Performant Financial Q1 adjusted loss per share $0.04
Tuesday, 9 May 2017 04:01pm EDT 

May 9 (Reuters) - Performant Financial Corp :Performant Financial Corporation announces financial results for first quarter 2017.Q1 loss per share $0.06.Q1 revenue fell 13.5 percent to $33.1 million.Q1 adjusted loss per share $0.04.Performant financial - reiterating 2017 revenue and adjusted EBITDA guidance ranges of $125 million to $145 million and $10 million to $13 million, respectively.  Full Article

Performant Financial Corp Q4 loss per share $0.24
Wednesday, 1 Mar 2017 04:01pm EST 

Performant Financial Corp : Qtrly total revenues of $33.8 million, compared to $41.1 million in prior year period, down 17.6% . Performant financial corporation announces financial results for fourth quarter and full year 2016 . Q4 loss per share $0.24 . Q4 adjusted loss per share $0.03 . Sees fy 2017 revenue $125 million to $145 million .Sees 2017 adjusted ebitda in range of $10.0 million to $13.0 million.  Full Article

Performant Financial says provides update regarding Department of Education contract procurement process
Monday, 12 Dec 2016 06:00am EST 

Performant Financial Corp : Department of Education has announced awards for seven contractors for unrestricted recovery contract . Performant was not named as a contractor in this notification .Performant Financial Corporation provides update regarding Department Of Education contract procurement process.  Full Article

Performant Financial Corporation reports Q3 loss per share $0.01
Thursday, 3 Nov 2016 04:01pm EDT 

Performant Financial Corp : Reiterating our 2016 revenue range of $135 million to $145 million . Increasing FY 2016 adjusted EBITDA range to $22 million to $25 million from $18 million to $22 million . Performant financial corporation announces financial results for third quarter 2016 . Q3 loss per share $0.01 . Q3 revenue fell 19 percent to $31.2 million .Q3 adjusted earnings per share $0.02.  Full Article

Performant Financial Q2 adjusted earnings per share $0.06
Thursday, 4 Aug 2016 04:01pm EDT 

Performant Financial Corp : Performant financial corporation announces financial results for second quarter 2016 . Q2 earnings per share $0.03 . Q2 adjusted earnings per share $0.06 . Q2 revenue fell 8 percent to $38.1 million . "as we look to back half of this year, we anticipate some softening as revenues will not be as high as first six months" . Updating 2016 revenue and adjusted ebitda expectations to $135 million to $145 million and $18 million to $22 million .Fy2016 revenue view $134.6 million -- Thomson Reuters I/B/E/S.  Full Article

Performant Financial Corp reiterates FY 2015 revenue guidance
Wednesday, 4 Nov 2015 04:01pm EST 

Performant Financial Corp:Reiterates expectation to achieve the upper end of FY 2015 revenue guidance of $150 million to $160 million.FY 2015 revenue of $158 million - Thomson Reuters I/B/E/S.  Full Article

Performant Financial Corp reaffirms FY 2015 revenue guidance
Wednesday, 5 Aug 2015 04:01pm EDT 

Performant Financial Corp:Expects FY 2015 revenue to be in the range of $150 to $160 mln.FY 2015 revenue of $157 mln - Thomson Reuters I/B/E/S.  Full Article