LIVERMORE, Calif. (AP) — Performant Financial Corp. (PFMT) on Tuesday reported a loss of $6.4 million in its second quarter.
The Livermore, California-based company said it had a loss of 12 cents per share.
The provider of audit and recovery services posted revenue of $35.8 million in the period.
Performant Financial expects full-year revenue in the range of $158 million to $168 million.
In the final minutes of trading on Tuesday, the company's shares hit $1.14. A year ago, they were trading at $2.11.