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Performant Financial

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Performant Financial Corporation offers technology-enabled audit, recovery, and analytics services in the United States with a market cap of $248.18 million.

Operations: The company generates revenue from its Business Services segment, which amounts to $120.78 million.

Market Cap: $248.18M

Performant Financial Corporation, with a market cap of US$248.18 million, continues to navigate its unprofitable status despite revenue growth in its Business Services segment, reporting US$31.52 million in Q3 2024 sales up from the previous year. The company maintains a satisfactory net debt to equity ratio and sufficient short-term assets to cover liabilities, but challenges persist as net losses widened to US$2.38 million for the quarter. Analysts predict significant stock price appreciation potential while Performant reiterates its 2024 guidance amidst healthcare market volatility, expecting revenues between US$117 million and US$122 million for the year.

• Click here and access our complete financial health analysis report to understand the dynamics of Performant Financial.

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Solid Power

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Solid Power, Inc. develops solid state battery technologies for electric vehicles and other markets in the United States, with a market cap of approximately $198.43 million.

Operations: The company generates revenue from its Auto Parts & Accessories segment, totaling $18.03 million.

Market Cap: $198.43M

Solid Power, Inc., with a market cap of approximately US$198.43 million, is navigating challenges as it remains unprofitable and has seen increased net losses year-over-year. Despite generating US$15.68 million in revenue for the first nine months of 2024, the company's earnings guidance projects annual revenues between US$16 million and US$20 million. The management team is relatively new, with an average tenure of 1.3 years, which may impact strategic execution. Solid Power remains debt-free with sufficient short-term assets to cover liabilities and a cash runway extending beyond a year if free cash flow trends persist.

• Take a closer look at Solid Power's potential here in our financial health report.

• Learn about Solid Power's future growth trajectory here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NasdaqCM:BLDE NasdaqGS:PFMT and NasdaqGS:SLDP.

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