secwatch.observer — SEC 8-K summary
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Issuer:     FIRST ADVANTAGE CORP (FA)
CIK:        0001210677
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0000950170-23-020000
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Advantage Q1 revenue $175.5M (-7.6% YoY), EPS $0.01; reaffirms FY guidance
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- Q1 revenue $175.5M (-7.6% YoY); net income $1.9M (-85.2%); diluted EPS $0.01.
- Adjusted EBITDA $48.6M (-9.4%); adjusted diluted EPS $0.19 (-13.6%).
- Reaffirmed FY 2023 guidance: revenue $770-810M, adjusted EBITDA $240-255M.
- Generated $38.6M operating cash flow; repurchased 1.9M shares for $25.3M.
- 30 new enterprise logos won; customer retention rate 97% over last 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1210677/000095017023020000/0000950170-23-020000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1210677/000095017023020000/fa-20230510.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-020000

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