Brief: Performant Financial Corp Reports Third Quarter Results

Performant Healthcare

12/11/2019 21:42

Nov 12 (Reuters) - Performant Financial Corp  PFMT.O :
    * ORATION ANNOUNCES FINANCIAL RESULTS FOR THIRD QUARTER 2019
    * Q3 LOSS PER SHARE $0.15
    * Q3 REVENUE ROSE 30.1 PERCENT TO $35.9 MILLION
    * Q3 ADJUSTED LOSS PER SHARE $0.14
    * SEES FY 2019 REVENUE $147 MILLION TO $152 MILLION
    * REITERATING FULL YEAR 2019 ADJUSTED EBITDA GUIDANCE RANGE
    * REMAIN COMMITTED TO LONG-TERM REVENUE AND EBITDA MARGIN
GOALS OF
$200 MILLION AND 20% BY 2021 RESPECTIVELY
    * PERFORMANT FINANCIAL - DURING QUARTER EXPERIENCED A SLIGHT
DELAY
IN EXECUTION AND RAMP OF ONE OF OUR CONTRACTS, WHICH NEGATIVELY
IMPACTED REVENUE

Source text for Eikon:  ID:nGNX2tcrBk 
Further company coverage:  PFMT.O 

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