secwatch.observer — SEC 8-K summary
======================================

Issuer:     Performant Healthcare Inc (—)
CIK:        0001550695
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001550695-24-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Performant Q1 healthcare rev up 13% to $25.8M; net loss narrows to $4.0M; reaffirms FY24 guidance
--------------------------------------------------------------------------------

- Healthcare revenue $25.8M (+13% YoY); total revenue $27.3M (+6% YoY).
- Net loss of $4.0M ($0.05/sh) vs $4.2M ($0.06/sh) prior year; adjusted net loss $3.0M.
- Adj. EBITDA improved to $(1.2)M from $(1.7)M prior year.
- Reaffirmed FY2024 guidance: healthcare rev $117-122M, total rev $124-129M, adj EBITDA $4-5M.
- Acquired AI technology from RecordsOne in April; 10 commercial programs implemented in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1550695/000155069524000040/0001550695-24-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1550695/000155069524000040/pfmt-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001550695-24-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer