earnings
confidence high
sentiment positive
materiality 0.75
First Advantage Q2 revenue up 66.5% to $174.8M; net income $3.8M vs loss
FIRST ADVANTAGE CORP
2021-Q2 EPS reported
-$0.12
revenue$306,896,000
- Revenue $174.8M (+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.
- Completed upsized IPO on June 25, net proceeds $316.5M; used $200M to prepay debt.
- Full-year 2021 guidance: revenue $640-650M, Adj. EBITDA $186-190M, Adj. Net Income $110-113M.
- Adjusted diluted EPS $0.25 vs $0.09 a year ago.