Performant Financial (PFMT) Tops Q4 EPS by 1c

Performant Financial (NASDAQ: PFMT) reported Q4 EPS of ($0.03), $0.01 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $33.8 million versus the consensus estimate of $29.65 million.

Fourth Quarter Financial Highlights

• Total revenues of $33.8 million, compared to $41.1 million in the prior year period, down 17.6%
• Net loss of $12.3 million or $(0.24) per diluted share, compared to net income of $2.2 million, or $0.04 per diluted share, in the prior year period
• Adjusted EBITDA of $4.9 million, compared to $9.8 million in the prior year period
• Adjusted net loss of $1.5 million, or $(0.03) per diluted share, compared to adjusted net income of $4.0 million or $0.08 per diluted share, in the prior year period

For earnings history and earnings-related data on Performant Financial (PFMT) click here.

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