Performant Financial: Q4 Earnings Snapshot

Performant Financial: Q4 Earnings Snapshot
March 16, 2021
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LIVERMORE, Calif. (AP) _ Performant Financial Corp. (PFMT) on Tuesday reported fourth-quarter net income of $3.7 million, after reporting a loss in the same period a year earlier.
The Livermore, California-based company said it had net income of 7 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 8 cents per share.
The provider of audit and recovery services posted revenue of $40 million in the period.
For the year, the company reported that its loss narrowed to $14 million, or 26 cents per share. Revenue was reported as $155.9 million.
In the final minutes of trading on Tuesday, the company's shares hit $1.75. A year ago, they were trading at 85 cents.

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