earnings
confidence high
sentiment positive
materiality 0.80
First Advantage Q2 revenue $174.8M (+66.5% YoY); net income $3.8M vs loss, raises FY2021 guidance
FIRST ADVANTAGE CORP
2021-Q2 EPS reported
-$0.12
revenue$306,896,000
- Revenue $174.8M, up 66.5% YoY; net income $3.8M vs net loss of $16.4M.
- Adjusted EBITDA $56.3M (+77.9% YoY); Adjusted Net Income $33.2M (+171.9%).
- IPO completed June 25, net proceeds $316.5M; used $200M to prepay debt.
- FY2021 guidance: revenue $640-$650M, Adj. EBITDA $186-$190M, Adj. Net Income $110-$113M.
- Ended Q2 with $257.1M cash; no amounts outstanding on $100M revolver.