PRGX - PRGX Global, Inc.

NasdaqGS - NasdaqGS Delayed Price. Currency in USD
5.43
+0.03 (+0.56%)
As of 11:50AM EDT. Market open.
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close5.40
Open5.31
Bid5.39 x 900
Ask5.48 x 1300
Day's Range5.25 - 5.48
52 Week Range1.77 - 6.35
Volume26,114
Avg. Volume136,779
Market Cap128.107M
Beta (5Y Monthly)1.22
PE Ratio (TTM)N/A
EPS (TTM)-0.38
Earnings DateOct 28, 2020 - Nov 02, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateDec 28, 1995
1y Target Est8.25
  • GlobeNewswire

    PRGX Global, Inc. Announces Second Quarter 2020 Financial Results Increasing 2020 Adjusted EBITDA Guidance

    ATLANTA, July 28, 2020 (GLOBE NEWSWIRE) -- PRGX Global, Inc. (Nasdaq: PRGX), a global leader in Recovery Audit and Spend Analytics services, today announced its unaudited financial results for the second quarter and six months ended June 30, 2020. Quarterly Highlights * Revenue of $39.0 million, which was negatively impacted by approximately $0.7 million from a strengthening U.S. dollar compared to the same period last year * Net income from continuing operations of $0.4 million compared to a loss of $4.2 million in the same period last year * Adjusted EBITDA from continuing operations of $7.6 million, the highest second quarter Adjusted EBITDA in seven years and a 165% increase compared to the second quarter of 2019 * Increasing 2020 annual guidance for Adjusted EBITDA to a revised range of $29 million to $30 million For the Three Months Ended June 30, For the Six Months Ended June 30, Selected Financial Data (dollars in thousands)2020 2019 % Change 2020 2019 % Change              Revenue            Recovery Audit Services - Americas$26,962  $28,935  -6.8% $53,185  $56,308  -5.5% Recovery Audit Services - Europe/Asia-Pacific11,157  11,836  -5.7% 20,942  21,595  -3.0% Adjacent Services892  1,203  -25.9% 1,723  2,875  -40.1% Total$39,011  $41,974  -7.1% $75,850  $80,778  -6.1% Net income (loss) from continuing operations418  (4,176) 110.0% (3,465) (8,417) 58.8%              Non-GAAP Financial Measures            Adjusted EBITDA from continuing operations$7,555  $2,856  164.5% $11,023  $4,589  140.2% “We continue to deliver on our promises of fiscal discipline, improved productivity, and expanded operating leverage in 2020. We achieved another milestone in the second quarter of 2020, delivering our highest second quarter Adjusted EBITDA in seven years.  More than 75 percent of our revenue comes from clients engaged in providing essential goods and services, and our clients continue to look to PRGX to help them generate working capital during this challenging pandemic period. Our employees around the world stepped up to the challenge of working remotely to deliver strong results for the quarter. I am very pleased with our improved financial performance in the second quarter and over the last several quarters, and am confident that we can continue to deliver strong results going forward,” said Ron Stewart, President and Chief Executive Officer.“In the second quarter we continued rolling out our next generation global audit platform which is strategically important to enabling additional margin improvement and increased audit revenue. Based on strong operating results in the first half of the year and further revenue generation opportunities from our solid client base and robust audit operations productivity, we are increasing the lower end of our 2020 Adjusted EBITDA guidance and establishing a revised range of $29 million to $30 million. We also continue to expect a significant improvement in free cash flow compared to 2019,” concluded Stewart.Unaudited Consolidated Results from Continuing Operations for the Three Months Ended June 30, 2020Consolidated revenue for the second quarter of 2020 was $39.0 million, compared to $42.0 million for the same period in 2019, a decrease of 7.1%. Second quarter 2020 revenue from the Recovery Audit Services segments was $38.1 million compared to $40.8 million in the second quarter of the prior year, and from the Adjacent Services segment was $0.9 million compared to $1.2 million in 2019. On a constant dollar basis adjusted for changes in foreign exchange rates, revenue decreased by 5.4% in the second quarter of 2020 compared to the same period in the prior year.Total cost of revenue from continuing operations for the second quarter of 2020 was $20.6 million, or 52.8% of revenue, compared to total cost of revenue from continuing operations of $26.3 million, or 62.7% of revenue, for the same period in the prior year.Selling, general and administrative expenses from continuing operations for the second quarter of 2020 were $14.7 million compared to selling, general and administrative expenses from continuing operations of $15.7 million in the prior year period.Consolidated net income from continuing operations for the second quarter of 2020 was $0.4 million, or $0.02 per basic and diluted share, compared to consolidated net loss from continuing operations of $4.2 million, or $(0.18) per basic and diluted share, for the same period in 2019.Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) from continuing operations for the second quarter of 2020 was $7.6 million, or 19.4% of revenue, compared to Adjusted EBITDA from continuing operations of $2.9 million, or 6.8% of revenue, for the second quarter of 2019, an increase of $4.7 million or 164.5%.Schedule 4 attached to this press release provides a reconciliation of net income (loss) to each of Earnings Before Interest and Taxes (EBIT), Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) and Adjusted EBITDA.Unaudited Consolidated Results from Continuing Operations for the Six Months Ended June 30, 2020Consolidated revenue for the six months ended June 30, 2020 was $75.9 million, compared to $80.8 million for the same period in 2019, a decrease of 6.1%. For the six months ended June 30, 2020, revenue from the Recovery Audit Services segments was $74.1 million compared to $77.9 million in the prior year, and from the Adjacent Services segment was $1.7 million compared to $2.9 million in 2019. On a constant dollar basis adjusted for changes in foreign exchange rates, revenue decreased by 4.4% for the six months ended June 30, 2020 compared to the same period in the prior year.Total cost of revenue from continuing operations for the six months ended June 30, 2020 was $43.1 million, or 56.8% of revenue, compared to total cost of revenue from continuing operations of $51.5 million, or 63.8% of revenue, for the same period in the prior year.Selling, general and administrative expenses from continuing operations for the six months ended June 30, 2020 were $28.2 million compared to selling, general and administrative expenses from continuing operations of $29.7 million in the prior year period.Consolidated net loss from continuing operations for the six months ended June 30, 2020 was $3.5 million, or $(0.15) per basic and diluted share, compared to consolidated net loss from continuing operations of $8.4 million, or $(0.37) per basic and diluted share, for the same period in 2019.Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) from continuing operations for the six months ended June 30, 2020 was $11.0 million, or 14.5% of revenue, compared to Adjusted EBITDA from continuing operations of $4.6 million, or 5.7% of revenue, for the same period in 2019, an increase of $6.4 million or 140.2%.Schedule 4 attached to this press release provides a reconciliation of net income (loss) to each of EBIT, EBITDA and Adjusted EBITDA.Cash Flow and LiquidityNet cash provided by operating activities for the second quarter of 2020 was $7.0 million, compared to net cash used by operating activities of $0.1 million in the second quarter of the prior year and net cash provided by operating activities was $12.3 million for the six months ended June 30, 2020 compared to net cash used of $2.4 million in the same period in the prior year.At June 30, 2020, the Company had unrestricted cash and cash equivalents of $21.1 million, and borrowings of $37.0 million against its $60.0 million revolving credit facility.GuidanceFor 2020, Adjusted EBITDA from continuing operations is expected to be in the range of $29 million to $30 million.Second Quarter Earnings CallAs previously announced, management will hold a conference call later today at 5:00 PM (Eastern time) to discuss the Company’s second quarter 2020 financial results. To access the conference call, listeners in the U.S. and Canada should dial (877) 755-7423 at least 5 minutes prior to the start of the conference. Listeners outside the U.S. and Canada should dial (678) 894-3069. To be admitted to the call, listeners should use passcode 9289271.This teleconference will also be audiocast on the Internet at www.prgx.com (click on “Events & Presentations” under “Investors”). A replay of the audiocast will be available at the same location on www.prgx.com beginning approximately two hours after the conclusion of the live audiocast, extending through December 31, 2020. Please note that the Internet audiocast is “listen-only.” Microsoft Windows Media Player is required to access the live audiocast and the replay and can be downloaded from www.microsoft.com/en-us/downloads.About PRGXPRGX helps companies spot value in their source-to-pay processes that other sophisticated solutions didn’t get to before. Having identified more than 300 common points of leakage, we help companies reach wider, dig deeper, and act faster to get more value out of their source-to-pay data. We pioneered this industry nearly 50 years ago, and today we help clients in more than 30 countries take back $1.2 billion in annual cash flow. It’s why 75% of top global retailers and a third of the largest companies in the Fortune 500 rely on us. For additional information on PRGX, please visit www.prgx.com.Forward-Looking Statements In addition to historical information, this press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include both implied and express statements regarding the Company’s overall condition and growth prospects, and the Company’s expectations regarding its 2020 financial performance. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from the historical results or from any results expressed or implied by such forward-looking statements. Risks that could affect the Company’s future performance include revenue that does not meet expectations or justify costs incurred, the impact of the COVID-19 pandemic on the Company or its clients, the Company’s ability to develop material sources of new revenue in addition to revenue from its core recovery audit services, changes in the market for the Company’s services, the Company’s ability to retain and attract qualified personnel, the Company’s ability to execute on its profitability improvement efforts, the Company’s ability to integrate recent and future acquisitions, uncertainty in the credit markets, the Company’s ability to maintain compliance with its financial covenants, client bankruptcies, loss of major clients, and other risks generally applicable to the Company’s business. For a discussion of other risk factors that may impact the Company’s business, please see the Company’s filings with the Securities and Exchange Commission. The Company disclaims any obligation or duty to update or modify these forward-looking statements.Non-GAAP Financial MeasuresEBIT, EBITDA and Adjusted EBITDA are all “non-GAAP financial measures” presented as supplemental measures of the Company’s performance. They are not presented in accordance with accounting principles generally accepted in the United States, or GAAP. The Company believes these measures provide additional meaningful information in evaluating its performance over time, and that the rating agencies and a number of lenders use EBITDA and similar measures for similar purposes. In addition, a measure similar to Adjusted EBITDA is used in the restrictive covenants contained in the Company’s secured credit facility. However, EBIT, EBITDA and Adjusted EBITDA have limitations as analytical tools, and you should not consider them in isolation, or as substitutes for analysis of the Company’s results as reported under GAAP. In addition, in evaluating EBIT, EBITDA and Adjusted EBITDA, you should be aware that, as described above, the adjustments may vary from period to period and in the future the Company will incur expenses such as those used in calculating these measures. The Company’s presentation of these measures should not be construed as an inference that future results will be unaffected by unusual or nonrecurring items. Schedule 4 to this press release provides a reconciliation of net income (loss) to each of EBIT, EBITDA and Adjusted EBITDA.CONTACT: PRGX Global, Inc. investor-relations@prgx.com Phone: 770-779-3011SCHEDULE 1 PRGX Global, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (Amounts in thousands, except per share data) (Unaudited)          Three Months Ended June 30, Six Months Ended June 30,  2020 2019 2020 2019 Revenue, net$39,011  $41,974  $75,850  $80,778  Operating expenses:        Cost of revenue20,584  26,312  43,118  51,547  Selling, general and administrative expenses14,726  15,748  28,190  29,665  Depreciation of property, equipment and software assets1,965  2,381  4,106  4,584  Amortization of intangible assets828  872  1,657  1,734  Total operating expenses38,103  45,313  77,071  87,530  Operating income (loss) from continuing operations908  (3,339) (1,221) (6,752) Foreign currency transaction (gains) losses on short-term intercompany balances(819) (77) 637  129  Interest expense, net303  592  645  1,065  Other loss (income)2  11  2  (8) Income (loss) from continuing operations before income tax1,422  (3,865) (2,505) (7,938) Income tax expense1,004  311  960  479  Net income (loss) from continuing operations$418  $(4,176) $(3,465) $(8,417) Discontinued operations:        Loss from discontinued operations—  (103) —  (258) Income tax expense—  —  —  —  Net loss from discontinued operations—  (103) —  (258)          Net income (loss)$418  $(4,279) $(3,465) $(8,675)          Basic income (loss) per common share:        Basic income (loss) from continuing operations$0.02  $(0.18) $(0.15) $(0.37) Basic loss from discontinued operations—  —  —  (0.01) Total basic income (loss) per common share$0.02  $(0.18) $(0.15) $(0.38) Diluted income (loss) per common share:        Diluted income (loss) from continuing operations$0.02  $(0.18) $(0.15) $(0.37) Diluted loss from discontinued operations—  —  —  (0.01) Total diluted income (loss) per common share$0.02  $(0.18) $(0.15) $(0.38) Weighted average common shares outstanding:        Basic22,606  22,763  22,542  22,687  Diluted22,716  22,763  22,542  22,687    SCHEDULE 2 PRGX Global, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Amounts in thousands) (Unaudited)      June 30, 2020 December 31, 2019 ASSETS    Current assets:    Cash and cash equivalents$21,061  $14,982  Restricted cash123  46  Receivables:    Contract receivables, net36,060  43,112  Employee advances and miscellaneous receivables, net740  704  Total receivables36,800  43,816  Prepaid expenses and other current assets4,062  5,582  Total current assets62,046  64,426  Property, equipment and software, net19,137  17,746  Operating lease right-of-use assets11,044  10,969  Goodwill14,962  15,070  Intangible assets, net9,714  11,506  Deferred income taxes3,636  3,921  Other assets1,396  1,828  Total assets$121,935  $125,466  LIABILITIES AND SHAREHOLDERS’ EQUITY    Current liabilities:    Accounts payable and accrued expenses$2,094  $4,326  Accrued payroll and related expenses14,070  12,951  Current portion of operating lease liabilities4,077  3,717  Refund liabilities4,152  4,513  Deferred revenue1,970  2,217  Current portion of long-term debt—  17  Total current liabilities26,363  27,741  Long-term debt36,650  36,603  Long-term operating lease liabilities7,368  7,435  Refund liabilities21  9  Deferred income taxes628  628  Total liabilities71,030  72,416  Shareholders’ equity:    Common stock236  234  Additional paid-in capital584,922  582,404  Accumulated deficit(532,641) (529,176) Accumulated other comprehensive income(1,612) (412) Total shareholders’ equity50,905  53,050  Total liabilities and shareholders’ equity$121,935  $125,466    SCHEDULE 3 PRGX Global, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (Amounts in thousands) (Unaudited)      Three Months Ended June 30, Six Months Ended June 30,  2020 2019 2020 2019 Cash flows from operating activities:        Net income (loss)$418  $(4,279) $(3,465) $(8,675) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        Depreciation and amortization2,793  3,253  5,763  6,318  Operating lease right-of-use asset expense1,043  1,113  2,195  2,248  Amortization of deferred loan costs24  61  48  117  Noncash interest expense298  —  643  —  Stock-based compensation expense1,876  1,662  3,196  3,046  Foreign currency transaction (gains) losses on short-term intercompany balances(819) (77) 637  129  Deferred income taxes—  —  338  —  Changes in operating assets and liabilities        Billed receivables(581) 2,180  4,550  6,593  Unbilled receivables(166) (1,790) 2,018  (851) Prepaid expenses and other current assets(1,145) (1,812) 1,438  (1,296) Operating lease liabilities(970) —  (1,979) —  Other assets11  (462) (53) (1,567) Accounts payable and accrued expenses1,910  118  (3,890) (2,930) Accrued payroll and related expenses2,085  (32) 1,326  (4,970) Refund liabilities85  223  (270) (314) Deferred revenue177  (247) (224) (292) Net cash provided by (used in) operating activities7,039  (89) 12,271  (2,444) Cash flows from investing activities:        Purchases of property, equipment and software, net of disposal proceeds(3,103) (3,199) (5,620) (7,640) Net cash used in investing activities(3,103) (3,199) (5,620) (7,640) Cash flows from financing activities:        Repayments of credit facility(23,000) (3,000) (38,000) (3,000) Proceeds from credit facility15,000  6,000  38,000  14,400  Payment of deferred loan costs—  (47) —  (394) Payment of earnout liability related to business acquisitions—  —  —  (479) Restricted stock repurchased from employees for withholding taxes(115) (246) (398) (750) Repurchases of common stock—  —  (284) (2,228) Proceeds from option exercises—  170  —  221  Net cash (used in) provided by financing activities(8,115) 2,877  (682) 7,770  Effect of exchange rates on cash and cash equivalents49  (225) 187  (55) Net (decrease) increase in cash, cash equivalents and restricted cash(4,130) (636) 6,156  (2,369) Cash, cash equivalents and restricted cash at beginning of period25,314  12,286  15,028  14,019  Cash, cash equivalents and restricted cash at end of period$21,184  $11,650  $21,184  $11,650  Supplemental disclosure of cash flow information:        Cash paid during the period for interest$345  $60  $716  $385  Cash paid during the period for income taxes, net of refunds received$640  $859  $804  $1,638    SCHEDULE 4 PRGX Global, Inc. and Subsidiaries Reconciliation of Net Income (Loss) to EBIT, EBITDA and Adjusted EBITDA (Amounts in thousands) (Unaudited)      Three Months Ended June 30, Six Months Ended June 30,  2020 2019 2020 2019 Reconciliation of net income (loss) to EBIT, EBITDA and Adjusted EBITDA:        Net income (loss)$418  $(4,279) $(3,465) $(8,675) Income tax expense1,004  311  960  479  Interest expense, net303  592  645  1,065  EBIT1,725  (3,376) (1,860) (7,131) Depreciation of property, equipment and software assets1,965  2,381  4,106  4,584  Amortization of intangible assets828  872  1,657  1,734  EBITDA4,518  (123) 3,903  (813) Foreign currency transaction (gains) losses on short-term intercompany balances(819) (77) 637  129  Transformation, severance, and other expenses672  1,280  1,979  1,977  Investigation and settlement of employment matter1,306  —  1,306  —  Other loss (income)2  11  2  (8) Stock-based compensation1,876  1,662  3,196  3,046  Adjusted EBITDA$7,555  $2,753  $11,023  $4,331  Adjusted EBITDA from continuing operations$7,555  $2,856  $11,023  $4,589  Adjusted EBITDA from discontinued operations$—  $(103) $—  $(258)   EBIT, EBITDA and Adjusted EBITDA are all “non-GAAP financial measures” presented as supplemental measures of our performance. They are not presented in accordance with accounting principles generally accepted in the United States, or GAAP. The Company believes these measures provide additional meaningful information in evaluating the Company’s performance over time, and that the rating agencies and a number of lenders use EBIT, EBITDA and similar measures for similar purposes. In addition, a measure similar to Adjusted EBITDA is used in the restrictive covenants contained in the Company’s secured credit facility. However, EBIT, EBITDA and Adjusted EBITDA have limitations as analytical tools, and you should not consider them in isolation, or as substitutes for analysis of our results as reported under GAAP. In addition, in evaluating EBIT, EBITDA and Adjusted EBITDA, you should be aware that in the future we will incur expenses such as those used in calculating these measures. Our presentation of these measures should not be construed as an inference that our future results will be unaffected by unusual or nonrecurring items.SCHEDULE 5 PRGX Global, Inc. and Subsidiaries Results by Operating Segment * (Amounts in thousands) (Unaudited)      Three Months Ended June 30, Six Months Ended June 30,  2020 2019 Change 2020 2019 Change Revenue, net            Recovery Audit Services - Americas$26,962  $28,935  $(1,973) $53,185  $56,308  $(3,123) Recovery Audit Services - Europe/Asia-Pacific11,157  11,836  (679) 20,942  21,595  (653) Adjacent Services892  1,203  (311) 1,723  2,875  (1,152) Total$39,011  $41,974  $(2,963) $75,850  $80,778  $(4,928) Cost of revenue            Recovery Audit Services - Americas$14,346  $16,076  $(1,730) $30,334  $31,939  $(1,605) Recovery Audit Services - Europe/Asia-Pacific5,742  7,189  (1,447) 11,999  13,915  (1,916) Adjacent Services496  3,047  (2,551) 785  5,693  (4,908) Total$20,584  $26,312  $(5,728) $43,118  $51,547  $(8,429) Selling, general and administrative expenses            Recovery Audit Services - Americas$1,712  $3,647  $(1,935) $4,227  $7,026  $(2,799) Recovery Audit Services - Europe/Asia-Pacific1,545  2,639  (1,094) 2,549  4,752  (2,203) Adjacent Services(40) 398  (438) (53) 909  (962) Corporate11,509  9,064  2,445  21,467  16,978  4,489  Total$14,726  $15,748  $(1,022) $28,190  $29,665  $(1,475) Depreciation of property, equipment and software assets            Recovery Audit Services - Americas$1,777  $1,919  $(142) $3,715  $3,681  $34  Recovery Audit Services - Europe/Asia-Pacific155  182  (27) 324  344  (20) Adjacent Services33  280  (247) 67  559  (492) Total$1,965  $2,381  $(416) $4,106  $4,584  $(478) Amortization of intangible assets            Recovery Audit Services - Americas$408  $438  $(30) $816  $876  $(60) Recovery Audit Services - Europe/Asia-Pacific41  48  (7) 83  85  (2) Adjacent Services379  386  (7) 758  773  (15) Total$828  $872  $(44) $1,657  $1,734  $(77) Operating income (loss)            Recovery Audit Services - Americas$8,719  $6,855  $1,864  $14,093  $12,786  $1,307  Recovery Audit Services - Europe/Asia-Pacific3,674  1,778  1,896  5,987  2,499  3,488  Adjacent Services24  (2,908) 2,932  166  (5,059) 5,225  Corporate(11,509) (9,064) (2,445) (21,467) (16,978) (4,489) Total$908  $(3,339) $4,247  $(1,221) $(6,752) $5,531  Adjusted EBITDA from continuing operations            Recovery Audit Services - Americas$11,231  $9,462  $1,769  $19,639  $17,721  $1,918  Recovery Audit Services - Europe/Asia-Pacific4,051  2,130  1,921  6,783  3,173  3,610  Adjacent Services483  (1,637) 2,120  1,118  (3,104) 4,222  Corporate(8,210) (7,099) (1,111) (16,517) (13,201) (3,316) Total$7,555  $2,856  $4,699  $11,023  $4,589  $6,434    * The Recovery Audit Services - Americas segment represents recovery audit services provided in the United States, Canada and Latin America. The Recovery Audit Services - Europe/Asia-Pacific segment represents recovery audit services provided in Europe, Asia and the Pacific region. The Adjacent Services segment represents advisory services, spend analytics and supplier information management services.

  • GlobeNewswire

    PRGX Global, Inc. to hold Second Quarter 2020 Financial Results Call on July 28, 2020

    ATLANTA, July 21, 2020 -- PRGX Global, Inc. (Nasdaq: PRGX), a global leader in Recovery Audit and Spend Analytics services, today announced that the company will release its.

  • GlobeNewswire

    PRGX Webinar: 3 Ways Retailers Can Minimize Vendor Abrasion and Supplier Friction

    PRGX Global, Inc. (PRGX), a global leader in recovery audit and spend analytics services, announced its recent webinar, “3 Ways to Minimize Abrasion with Retail Vendors,” is now available for viewing. The relationship between retailers and their vendors is built upon trust, ongoing communication and the ability to order, receive, promote and pay for goods and services. Hosted by PRGX Regional Vice President Scott Brown and PRGX Senior Audit Director Patrick Miller, this webinar is designed to help retailers address common points of supplier friction, identify three key areas to minimize abrasion and ultimately improve the supplier-retailer relationship.

  • GlobeNewswire

    PRGX Provides Framework for Transforming the Recovery Audit Industry

    PRGX Global, Inc. (PRGX), a global leader in recovery audit and spend analytics services, announced its white paper, “Reinventing Recovery Audit for Today’s Retail Environment,” is now available for download. Using traditional recovery audits, retailers identify missed funding opportunities as deals or promotional contracts are not entered or tracked correctly.

  • Here is What Hedge Funds Think About PRGX Global Inc (PRGX)
    Insider Monkey

    Here is What Hedge Funds Think About PRGX Global Inc (PRGX)

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

  • GlobeNewswire

    PRGX’s Amy Andrade Wins Bronze Stevie® Award for National Sales Executive of the Year

    Amy Andrade, Vice President of Global Accounts at PRGX (PRGX), is a Bronze Stevie® Award for Sales & Customer Service winner. “Andrade is an outstanding client services and sales professional who collaborates with our clients to ensure they are getting the most value out of their relationship with us,” said Ron Stewart, President and Chief Executive Officer of PRGX.

  • GlobeNewswire

    Free Up Working Capital by Optimizing Days Payable Outstanding with PRGX’s Latest E-Book

    ATLANTA, June 16, 2020 -- PRGX Global, Inc. (Nasdaq: PRGX), a global leader in recovery audit and spend analytics services, announced its latest e-book, “Three Considerations.

  • Thomson Reuters StreetEvents

    Edited Transcript of PRGX earnings conference call or presentation 28-Apr-20 9:00pm GMT

    Q1 2020 PRGX Global Inc Earnings Call

  • GlobeNewswire

    PRGX Global, Inc. Announces Change in Location of the 2020 Annual Meeting of Shareholders

    PRGX Global, Inc. (PRGX) (the “Company”), a global leader in Recovery Audit and Spend Analytics services, today announced that its 2020 annual meeting of shareholders (the “Annual Meeting”) will be held in a virtual meeting format only, on the previously announced date and time of Thursday, June 18, 2020 at 9:00 a.m. In response to the ongoing coronavirus (COVID-19) pandemic and in accordance with Executive Order 03.20.20.02 issued by the Governor of the State of Georgia and subsequent Executive Orders extending the Public Health State of Emergency in Georgia (the “Orders”), the Annual Meeting will now be held solely by remote communication in a virtual meeting format only, and will not be held at a physical location. As described in the proxy materials for the Annual Meeting previously distributed, only shareholders of record at the close of business on April 16, 2020 are entitled to participate in the Annual Meeting.

  • GlobeNewswire

    PRGX Demonstrates How Retailers Can Reinvent Recovery Audits with a Preventive Approach

    PRGX Global, Inc. (PRGX), a global leader in Recovery Audit and Spend Analytics services, announced its upcoming webinar, “Reinventing Recovery Audit for Today’s Retail Environment,” which will be held on Tuesday, June 9 at 11:00 am EST. Historically, recovery audit has served as a reliable stopgap for retailers to ensure profit leakage is identified and recaptured. Designed to help finance and procurement professionals optimize their recovery audit programs, PRGX’s Reinventing Recovery Audit webinar will outline how retailers can move from a contingency, fee-oriented recovery audit to an error prevention solution.

  • GlobeNewswire

    PRGX Webinar Addresses How Finance Professionals Can Minimize Accounts Payable Risk During a Crisis

    PRGX Global, Inc. (PRGX), a global leader in Recovery Audit and Spend Analytics services, announced its most recent webinar, “Limiting Risk in Accounts Payable During a Crisis,” is now available for viewing. Hosted by Angie Holsen, PRGX Senior Director of Client Relationships, the webinar discussed how companies around the globe are managing the impact of COVID-19, minimizing risk, managing governance reviews and re-establishing processes and controls in a work-from-home environment.

  • GlobeNewswire

    Understand the Hidden Benefits of Profit Recovery with PRGX

    PRGX Global, Inc. (PRGX), a global leader in Recovery Audit and Spend Analytics services, announced its recent webinar, “The Hidden Benefits of Profit Recovery: How to Yield Cash, Recover Profits and Boost Your Bottom Line,” is now available for viewing. Profit leakage can occur regardless of an organization’s size, complexity or internal processes. In addition to being a best practice, recovery audit helps finance professionals align their team and evaluate internal controls to stop profit leakage before it occurs.

  • GlobeNewswire

    PRGX Global, Inc. to Present at Barrington Research Conference

    PRGX Global, Inc. (PRGX), a global leader in Recovery Audit and Spend Analytics services, today announced that it will be presenting at the Barrington Research Virtual Spring Investment Conference on Thursday, May 21, 2020. Ron Stewart, president and chief executive officer, and Kurt Abkemeier, chief financial officer, will represent PRGX.

  • Is Now An Opportune Moment To Examine PRGX Global, Inc. (NASDAQ:PRGX)?
    Simply Wall St.

    Is Now An Opportune Moment To Examine PRGX Global, Inc. (NASDAQ:PRGX)?

    PRGX Global, Inc. (NASDAQ:PRGX), which is in the it business, and is based in United States, received a lot of...

  • GlobeNewswire

    PRGX Global, Inc. Announces First Quarter 2020 Financial Results

    ATLANTA, April 28, 2020 -- PRGX Global, Inc. (Nasdaq: PRGX), a global leader in Recovery Audit and Spend Analytics services, today announced its unaudited financial results for.

  • ACCESSWIRE

    PRGX Global, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / April 28, 2020 / PRGX Global, Inc. (NASDAQ:PRGX) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 28, 2020 at 5:00 PM ...

  • GlobeNewswire

    PRGX Global, Inc. to Hold First Quarter 2020 Financial Results Call on April 28, 2020

    PRGX Global, Inc. (PRGX), a global leader in Recovery Audit and Spend Analytics services, today announced that the company will release its financial results for the first quarter 2020 shortly after 4:00 PM (Eastern time) on Tuesday, April 28, 2020.

  • GlobeNewswire

    PRGX Provides Update on Business Impact of COVID-19

    Such statements include both implied and express statements regarding the duration and impact of the COVID-19 pandemic on the Company’s business plans, objectives and operating results, the Company’s overall financial condition and growth prospects, and the Company's expectations regarding its 2020 financial performance, including its results for the first quarter of 2020. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from the historical results or from any results expressed or implied by such forward-looking statements.

  • GlobeNewswire

    Managing Days Payable Outstanding to Optimize Working Capital: PRGX Hosts Webinar on Working Capital Best Practices

    ATLANTA, April 13, 2020 -- PRGX Global, Inc. (Nasdaq: PRGX), a global leader in Recovery Audit and Spend Analytics services, announced its webinar, “Working Capital: Three.

  • Does Market Volatility Impact PRGX Global, Inc.'s (NASDAQ:PRGX) Share Price?
    Simply Wall St.

    Does Market Volatility Impact PRGX Global, Inc.'s (NASDAQ:PRGX) Share Price?

    If you're interested in PRGX Global, Inc. (NASDAQ:PRGX), then you might want to consider its beta (a measure of share...

  • GlobeNewswire

    PRGX Releases “Contract Audit: The Power of Prevention” White Paper

    PRGX Global, Inc. (PRGX), a global leader in Recovery Audit and Spend Analytics services, announced its white paper, “Contract Audit: The Power of Prevention” is available for download at https://www.prgx.com/resources/contract-audit-the-power-of-prevention-2/. Supplier contract audits have traditionally focused on finding past billing errors and helping companies recover those funds. As contracts continue to evolve in an increasingly complex business environment, enhanced audit strategies are necessary to identify errors more quickly and prevent them in the future.

  • GlobeNewswire

    “Uncovering Revenue with Contract Compliance” Webinar Series Hosted by PRGX

    ATLANTA, April 06, 2020 -- PRGX Global, Inc. (Nasdaq: PRGX), a global leader in Recovery Audit and Spend Analytics services, announced its webinar series, “Uncovering Revenue.

  • GlobeNewswire

    PRGX Releases ebook on ‘The Top 5 Ways to Prevent Overpayments’

    ATLANTA, March 12, 2020 -- PRGX Global, Inc. (Nasdaq: PRGX), a global leader in Recovery Audit and Spend Analytics services, announced its latest ebook, “The Top 5 Ways to.

  • GlobeNewswire

    PRGX Announces Stock Repurchase Program

    PRGX Global, Inc. (PRGX), a global leader in Recovery Audit and Spend Analytics services, announced today that its Board of Directors has approved a stock repurchase program under which PRGX may repurchase up to $20 million of its outstanding common stock from time to time through December 31, 2021. The Company’s prior repurchase program expired on December 31, 2019. Under the Company’s stock repurchase program, purchases take place as and when determined by the Company in open market or private transactions, including transactions that may be effected pursuant to Rule 10b5-1 of the United States Securities Exchange Act of 1934, as amended.

  • GlobeNewswire

    PRGX Reinforces Cyber Resilience and Security with Global ISO 27001 Certification

    ATLANTA, March 05, 2020 -- PRGX Global, Inc. (Nasdaq: PRGX), a global leader in Recovery Audit and Spend Analytics services, announced it earned the ISO 27001 certification.