November 23, 2014 4:22 PM 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

Chairwoman and Chief Executive Officer
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 Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year 2014

Performant Financial Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s revenues were $39,640,000 against $76,808,000 a year ago. Income from operations was $1,802,000 against $28,185,000 a year ago. Loss before provision for income taxes was $654,000 against Income before provision for income taxes of $25,322,000 a year ago. Net loss was $479,000 or $0.01 per diluted share against net income of $15,454,000 or $0.31 per diluted share a year ago. Adjusted net income was $743,000 or $0.01 per diluted share against $16,647,000 or $0.34 per diluted share a year ago. Adjusted EBITDA was $5,708,000 against $31,661,000 a year ago. Adjusted net income was $743,000 against $16,647,000 a year ago. For the nine months, the company’s revenues were $155,683,000 against $195,326,000 a year ago. Income from operations was $28,143,000 against $57,070,000 a year ago. Income before provision for income taxes was $20,378,000 against $57,070,000 a year ago. Net income was $11,779,000 or $0.27 per diluted share against $28,470,000 or $0.58 per diluted share a year ago. Net cash provided by operating activities was $25,905,000 against $42,638,000 a year ago. Purchase of property, equipment, and leasehold improvements was $6,724,000 against $8,697,000 a year ago. Adjusted net income was $15,509,000 or $0.31 per diluted share against $33,712,000 or $0.68 per diluted share a year ago. Adjusted EBITDA was $39,822,000 against $69,999,000 a year ago. For the full year of 2014, the company expects revenue to be in the range of $195 million to $200 million.

Performant Financial Corporation to Report Q3, 2014 Results on Nov 06, 2014

Performant Financial Corporation announced that they will report Q3, 2014 results at 5:00 PM, US Eastern Standard Time on Nov 06, 2014

Performant Financial Corporation, Q3 2014 Earnings Call, Nov 06, 2014

Performant Financial Corporation, Q3 2014 Earnings Call, Nov 06, 2014

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