secwatch.observer — SEC 8-K summary
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Issuer:     FIRST ADVANTAGE CORP (FA)
CIK:        0001210677
Form:       8-K
Filed at:   2021-08-12T23:59:59+00:00
Accession:  0000950170-21-001310
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Advantage Q2 revenue $174.8M (+66.5% YoY); net income $3.8M vs loss, raises FY2021 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1210677/000095017021001310/0000950170-21-001310-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1210677/000095017021001310/fa-20210812.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-001310

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer