LIVERMORE, Calif. (AP) _ Performant Financial Corp. (PFMT) on Tuesday reported a loss of $12.5 million in its first quarter.
The Livermore, California-based company said it had a loss of 23 cents per share. Earnings, adjusted for one-time gains and costs, came to 4 cents per share.
The provider of audit and recovery services posted revenue of $45.9 million in the period.
In the final minutes of trading on Tuesday, the company's shares hit 78 cents. A year ago, they were trading at $1.40.