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Performant Financial Corp (PFMT.OQ)

PFMT.OQ on NASDAQ Stock Exchange Global Select Market

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16 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Mill Road Capital II Reports 6.8 Pct Stake In Performant Financial
Monday, 29 Jan 2018 06:02pm EST 

Jan 29 (Reuters) - Performant Financial Corp ::MILL ROAD CAPITAL II LP REPORTS 6.8 PERCENT STAKE IN PERFORMANT FINANCIAL CORP AS OF JAN 18 - SEC FILING.MILL ROAD CAPITAL II LP SAYS ACQUIRED PERFORMANT FINANCIAL'S SHARES BASED ON BELIEF THAT COMMON STOCK REPRESENTS ATTRACTIVE INVESTMENT OPPORTUNITY.  Full Article

Performant Financial Corp posts Q3 loss of $0.15 per share
Tuesday, 7 Nov 2017 04:01pm EST 

Nov 7 (Reuters) - Performant Financial Corp :Performant Financial Corporation announces financial results for third quarter 2017.Q3 loss per share $0.15.Q3 revenue fell 4.8 percent to $29.7 million.Sees FY 2017 revenue $125 million to $145 million.Q3 adjusted loss per share $0.13.  Full Article

Performant Financial files for resale of up to 3.9 mln shares offered by selling stockholder
Monday, 11 Sep 2017 05:05pm EDT 

Sept 12 (Reuters) - Performant Financial Corp :Performant Financial Corp - files for resale of up to 3.9 million shares offered by selling stockholder - SEC filing.‍​.  Full Article

‍ECMC Group reports 7.1 percent passive stake in Performant Financial Corp
Monday, 21 Aug 2017 04:08pm EDT 

Aug 21 (Reuters) - Performant Financial Corp :‍ECMC Group Inc reports 7.1 percent passive stake in Performant Financial Corp as on August 7, 2017 - SEC filing​.  Full Article

Performant Financial enters into new credit agreement
Thursday, 17 Aug 2017 05:13pm EDT 

Aug 17 (Reuters) - Performant Financial Corp ::Performant Financial Corp says on August 7, 2017, co, through co's unit, entered into a new credit agreement with ECMC Group‍​ - SEC filing ‍​.Performant Financial Corp - new credit agreement provides for term loan facility in the initial amount of $44 million.Performant-‍new credit agreement provides up to $15 million additional term loans that may be drawn until second anniversary of funding of initial term loan​.Performant Financial-on Aug 11,initial term loan was advanced, proceeds applied to repay outstanding amounts owed under credit agreement entered March 19, 2012​.Performant Financial- in connection with advance of initial term loan, issued to ECMC warrant to purchase upto 3.8 million shares at exercise price of $1.92 per share.  Full Article

Performant Financial Corp reports Q2 loss per share $0.05
Tuesday, 8 Aug 2017 04:01pm EDT 

Aug 9 (Reuters) - Performant Financial Corp -:Performant Financial Corporation announces financial results for second quarter 2017.Q2 loss per share $0.05.Q2 revenue fell 5.8 percent to $35.9 million.Sees FY 2017 revenue $125 million to $145 million.Q2 adjusted loss per share $0.01.Performant Financial Corp - for 2017, reiterating guidance for revenue in range of $125-145 million with adjusted ebitda in range of $10-13 million.FY2017 revenue view $133.5 million -- Thomson Reuters I/B/E/S.  Full Article

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

BRIEF-Mill Road Capital II Reports 6.8 Pct Stake In Performant Financial

* MILL ROAD CAPITAL II LP REPORTS 6.8 PERCENT STAKE IN PERFORMANT FINANCIAL CORP AS OF JAN 18 - SEC FILING