Performant Historical Income Statement
| PFMT Stock | USD 3.09 0.02 0.65% |
Historical analysis of Performant Financial income statement accounts such as Other Operating Expenses of 112 M, Ebitda of 555.8 K, Cost Of Revenue of 107 M or Total Operating Expenses of 112 M can show how well Performant Financial performed in making a profits. Evaluating Performant Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Performant Financial's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Performant Financial latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Performant Financial is a good buy for the upcoming year.
Performant |
About Performant Income Statement Analysis
Performant Financial Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Performant Financial shareholders. The income statement also shows Performant investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Performant Financial Income Statement Chart
Performant Financial Income Statement is one of the three primary financial statements used for reporting Performant's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Performant Financial revenue and expense. Performant Financial Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Performant Financial's Selling General Administrative is comparatively stable compared to the past year. Total Revenue is likely to gain to about 125.1 M in 2024, despite the fact that Gross Profit is likely to grow to (5.8 M). Add Fundamental
Total Revenue
Total revenue comprises all receipts Performant Financial generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Performant Financial. It is also known as Performant Financial overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Performant Financial income statement and represents the costs associated with goods and services Performant Financial provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Performant Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Performant Financial current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Performant Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more information on how to buy Performant Stock please use our How to Invest in Performant Financial guide.At this time, Performant Financial's Selling General Administrative is comparatively stable compared to the past year. Total Revenue is likely to gain to about 125.1 M in 2024, despite the fact that Gross Profit is likely to grow to (5.8 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 11.3M | 1.0M | 2.0M | 1.9M | Depreciation And Amortization | 7.0M | 5.7M | 6.7M | 6.4M |
Performant Financial income statement Correlations
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Performant Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Performant Financial income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 126.4M | 7.0M | 7.0M | 5.7M | 6.7M | 6.4M | |
| Interest Expense | 7.6M | 7.2M | 11.3M | 1.0M | 2.0M | 1.9M | |
| Selling General Administrative | 115.2M | 100.7M | 87.4M | 85.3M | 90.4M | 96.1M | |
| Total Revenue | 150.4M | 155.9M | 124.4M | 109.2M | 113.7M | 125.1M | |
| Gross Profit | 35.2M | 55.3M | (1.3M) | (6.9M) | (6.1M) | (5.8M) | |
| Other Operating Expenses | 162.9M | 142.9M | 125.7M | 116.1M | 119.9M | 112.0M | |
| Operating Income | (127.6M) | 13.1M | (1.3M) | (6.9M) | (6.1M) | (5.8M) | |
| Ebit | (127.6M) | 13.1M | (1.3M) | (6.9M) | (6.1M) | (5.8M) | |
| Ebitda | (1.3M) | 20.1M | 5.7M | (1.2M) | 585K | 555.8K | |
| Cost Of Revenue | 115.2M | 100.7M | 125.7M | 116.1M | 119.9M | 107.0M | |
| Total Operating Expenses | 162.9M | 142.9M | 125.7M | 116.1M | 119.9M | 112.0M | |
| Income Before Tax | (27.2M) | (21.2M) | (10.2M) | (6.4M) | (7.9M) | (7.5M) | |
| Total Other Income Expense Net | 100.4M | (34.2M) | (8.9M) | 495K | (1.7M) | (1.8M) | |
| Net Income | (26.8M) | (14.0M) | (10.3M) | (6.5M) | (7.5M) | (7.1M) | |
| Income Tax Expense | (377K) | (7.2M) | 62K | 132K | (340K) | (323K) | |
| Net Income Applicable To Common Shares | (26.8M) | (14.0M) | (10.3M) | (6.5M) | (5.9M) | (5.6M) | |
| Net Income From Continuing Ops | (26.8M) | (14.0M) | (10.3M) | (6.5M) | (9.0M) | (8.6M) | |
| Research Development | 5.8M | 3.1M | 3M | 3.4M | 4.3M | 4.5M | |
| Non Operating Income Net Other | 28K | 41K | 21K | 1.1M | 1.3M | 1.4M | |
| Non Recurring | 1.1M | 3.0M | 7.2M | 27M | 31.1M | 32.6M | |
| Tax Provision | (377K) | (7.2M) | 62K | 132K | (285K) | (299.3K) | |
| Interest Income | 28K | 41K | 21K | 3K | 240K | 228K | |
| Net Interest Income | (7.5M) | (7.2M) | (11.3M) | (1.0M) | (1.5M) | (1.5M) | |
| Reconciled Depreciation | 11.1M | 7.0M | 7.0M | 5.7M | 6.7M | 6.7M |
Pair Trading with Performant Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Performant Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Performant Financial will appreciate offsetting losses from the drop in the long position's value.Moving against Performant Stock
| 0.6 | DRVN | Driven Brands Holdings | PairCorr |
| 0.51 | VCIG | VCI Global Limited | PairCorr |
| 0.49 | LZ | LegalZoom Earnings Call This Week | PairCorr |
| 0.41 | MG | Mistras Group | PairCorr |
The ability to find closely correlated positions to Performant Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Performant Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Performant Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Performant Financial to buy it.
The correlation of Performant Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Performant Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Performant Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Performant Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Performant Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more information on how to buy Performant Stock please use our How to Invest in Performant Financial guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Performant Stock analysis
When running Performant Financial's price analysis, check to measure Performant Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Performant Financial is operating at the current time. Most of Performant Financial's value examination focuses on studying past and present price action to predict the probability of Performant Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Performant Financial's price. Additionally, you may evaluate how the addition of Performant Financial to your portfolios can decrease your overall portfolio volatility.
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Is Performant Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Performant Financial. If investors know Performant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Performant Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.09) | Revenue Per Share 1.508 | Quarterly Revenue Growth 0.062 | Return On Assets (0.04) | Return On Equity (0.09) |
The market value of Performant Financial is measured differently than its book value, which is the value of Performant that is recorded on the company's balance sheet. Investors also form their own opinion of Performant Financial's value that differs from its market value or its book value, called intrinsic value, which is Performant Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Performant Financial's market value can be influenced by many factors that don't directly affect Performant Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Performant Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Performant Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Performant Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.