PRGX Global, Inc. Announces First Quarter 2020 Financial Results
PRGX GLOBAL (PRGX)
Last prgx global earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
ATLANTA, April 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 first quarter ended March 31, 2020. Quarterly Highlights Revenue of $36.8 million, which was negatively impacted by approximately $0.7 million from a strengthening US dollar during the first quarter of 2020Adjusted EBITDA from continuing operations of $3.5 million, the highest first quarter Adjusted EBITDA in seven years; net loss from continuing operations of $3.9 millionOver 75% of Revenue from clients in sectors providing essential goods and services during the COVID-19 pandemicReaffirms 2020 annual guidance for Adjusted EBITDA from continuing operations of $28 million to $30 million For the Three Months Ended March 31,Selected Financial Data (dollars in thousands)2020 2019 % Change Revenue Recovery Audit Services - Americas$26,223 $27,373 -4.2%Recovery Audit Services - Eur
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