Performant Healthcare, Inc. - PFMT STOCK NEWS

Performant Healthcare Solutions (Nasdaq: PFMT) announced the participation of President Simeon Kohl and SVP Rohit Ramchandani in two investor conferences: the 12th Annual Midwest IDEAS Investor Conference on August 25, 2022, in Chicago, and Lake Street's BIG6 Conference on September 14, 2022, in New York City. The Midwest conference will feature a presentation at 11:00 am CT, which will be webcast. Performant specializes in payment integrity and analytics services in the U.S. healthcare sector, helping clients avoid improper payments through advanced technology.

Performant Financial Corporation (Nasdaq: PFMT) reported its second-quarter results for 2022, showing total revenues of $25.7 million, a decline from $32.8 million year-over-year. Healthcare revenues increased by 17% to $21.8 million. The company incurred a net loss of approximately $(3.2) million, or $(0.04) per diluted share, compared to a net loss of $(1.5) million, or $(0.03) per diluted share in the previous year. Adjusted EBITDA stood at $(1.4) million, significantly down from $4.2 million in the prior year. The company maintains 2022 healthcare revenue guidance of $92-$96 million.

Performant Financial Corporation (NASDAQ: PFMT) will report its second quarter 2022 results post-market on August 8, 2022. A conference call will follow at 5:00 PM ET to discuss the results. Stakeholders can access the call via phone or through a live webcast on the company’s Investor Relations page. Performant provides technology-enabled payment integrity and analytics services, primarily focusing on healthcare sectors including Medicare and Medicaid. The company enhances revenue and minimizes costs by identifying and recovering improper payments.

Performant Financial Corporation (NASDAQ: PFMT) has announced a new dba name, Performant Healthcare Solutions, reflecting its focus on the healthcare industry, which constitutes the majority of its revenue and strategic growth initiatives. This rebranding will not affect the company's ticker symbol or corporate structure. President Simeon Kohl emphasized the company's historical engagement in healthcare since 2005, citing the importance of this sector in their future direction and growth. For more details, visit www.performanthealth.com.

Performant Financial Corporation (NASDAQ: PFMT) will participate in the 19th Annual Craig-Hallum Institutional Investor Conference on June 1st. President Simeon Kohl and Senior VP Rohit Ramchandani will engage with investors throughout the virtual event. Performant specializes in technology-enabled payment integrity and analytics services, focusing on the healthcare industry to identify improper payments through claims auditing. Founded in 1976 and based in Livermore, California, the company aims to reduce losses for clients in both government and commercial sectors.

Performant Financial Corporation (Nasdaq: PFMT) reported Q1 2022 financial results with total revenues of $27.1 million, a 14% decline from $31.4 million in the prior year. Healthcare revenues grew by 76% to $23.4 million, driven by strong performance in claims-based and eligibility-based services. Despite a net loss of $1.7 million, an improvement from $4.4 million a year ago, adjusted EBITDA increased to $0.3 million. The company anticipates healthcare revenues to reach $92-$96 million in 2022, amid potential challenges from COVID-19 variants.

Performant Financial Corporation (NASDAQ: PFMT) will announce its Q1 2022 results following market closure on May 9, 2022. A conference call is scheduled for 5:00 PM Eastern Time to discuss these results. Interested parties can join the call by dialing 844-826-3033 (domestic) or 412-317-5185 (international). A replay will be accessible approximately three hours post-call until March 22, 2022. The call will also be streamed live on the company's investor relations website.

Performant Financial Corporation (Nasdaq: PFMT) reported a 21% decline in fourth quarter revenues at $31.6 million, compared to $40.0 million in the prior year. Healthcare revenues rose 35% to $25.6 million. The company posted a net loss of $2.6 million, contrasting with a net income of $3.7 million a year prior. For the full year, total revenues dropped 20% to $124.4 million, with healthcare revenues increasing 13%. Adjusted EBITDA fell to $11.9 million from $20.5 million. Looking forward, 2022 guidance estimates healthcare revenues between $90 - $94 million.

Performant Financial Corporation (NASDAQ: PFMT) will release its fourth quarter and full year 2021 results on March 15, 2022, after market close. A conference call to discuss these results is scheduled for 5:00 PM Eastern Time on the same day. Participants can join by calling 877-705-6003 for domestic access or 201-493-6725 for international calls. The call will also be available via a live webcast on the company's investor relations website. A replay will be accessible until March 22, 2022.