July 25, 2014 5:05 AM ET

Commercial Services and Supplies

Company Overview of Performant Financial Corporation

Company Overview

Performant Financial Corporation, together with its subsidiaries, provides technology-enabled recovery and related analytics services in the United States. The company’s services help identify and recover delinquent or defaulted assets and improper payments for government and private clients in various markets. It offers recovery services primarily to the government-supported student loan industry, the department of education, and guaranty agencies, as well as private financial institutions. The company also provides audit and recovery services to identify improper healthcare payments for public and private healthcare providers. In addition, it offers tax recovery services to state and munic...

333 North Canyons Parkway

Suite 100

Livermore, CA 94551

United States

Founded in 1976

1,479 Employees

Phone:

925-960-4800

Fax:

925-960-4880

Key Executives for Performant Financial Corporation

Chief Executive Officer and Director
Age: 49
Total Annual Compensation: $854.9K
Chief Operating Officer
Age: 56
Total Annual Compensation: $623.2K
Compensation as of Fiscal Year 2013.

Performant Financial Corporation Key Developments

Performant Financial Corporation Presents at William Blair & Company's 34th Annual Growth Stock Conference, Jun-12-2014 09:20 AM

Performant Financial Corporation Presents at William Blair & Company's 34th Annual Growth Stock Conference, Jun-12-2014 09:20 AM. Venue: Four Seasons Hotel, 120 East Delaware Place, Chicago, Illinois, United States. Speakers: Hakan L. Orvell, Chief Financial Officer, Principal Accounting Officer and Secretary, Lisa C. Im, Chief Executive Officer and Director.

Performant Financial Corporation Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2014; Reaffirms Earnings Guidance for 2014

Performant Financial Corporation reported consolidated unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues of $58,624,000 compared with $49,363,000 for the same period last year. Income from operations was $13,572,000 compared with $6,513,000 for the same period last year. Income before provision for income taxes was $6,345,000 compared with $1,821,000 for the same period last year. Net income was $6,345,000 or $0.13 diluted per share compared with $1,821,000 or $0.04 diluted per share for the same period last year. Net cash provided by operating activities was $14,275,000 compared with $1,962,000 for the same period last year. Purchase of property, equipment, and improvements was $2,752,000 compared with $2,359,000 for the same period last year. Adjusted net income was $7,600,000 or $0.15 diluted per share compared with $3,953,000 or $0.08 diluted per share for the same period last year. Adjusted EBITDA was $17,396,000 compared with $11,358,000 for the same period last year. Adjusted net income was $7,600,000 compared with $3,953,000 for the same period last year. The company is reiterating its expectations for 2014 and anticipates that full year revenues will be in the range of $200 to $240 million. Although 2014 is going to be a transitional year, the company remains focused on identifying areas that foster long-term growth and customer diversification.

Performant Financial Corporation to Report Q1, 2014 Results on May 08, 2014

Performant Financial Corporation announced that they will report Q1, 2014 results at 5:00 PM, Eastern Standard Time on May 08, 2014

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