HireRight Q1 revenue $173.2M, net loss narrows to $3.3M; adj. EBITDA up 22%

HireRight Holdings Corp

2024-Q1 EPS reported -$0.05 revenue$173,202,000

Revenue $173.2M, down 1% YoY from $175.4M; net loss improved to $3.3M from $7.9M.
Adjusted EBITDA $40.3M vs $33.0M YoY; adjusted diluted EPS $0.22 vs $0.15.
GAAP diluted loss per share $0.05, improved from $0.10 loss in prior year.
Liquidity $236.0M: $77.3M cash + $158.7M revolver capacity; cash from ops -$9.2M, impacted by merger expenses.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HireRight Holdings Corp reported first quarter ended March 31, 2024 results: revenue $173.2 million, net income Net loss attributable to HireRight of $3.3 million, EPS Diluted loss per share of $0.05.

Period: first quarter ended March 31, 2024
Revenue: $173.2 million
Net income: Net loss attributable to HireRight of $3.3 million
EPS: Diluted loss per share of $0.05
Result: reported results

Exact text from the filing

HireRight Reports First Quarter 2024 Results Nashville, Tenn. — May 7, 2024 – HireRight Holdings Corporation (NYSE: HRT) ("HireRight" or the "Company"), a leading provider of background screening services, today announced financial results for its first quarter ended March 31, 2024. First Quarter 2024 Highlights: • Revenues of $173.2 million, compared to prior year period revenues of $175.4 million • Net loss attributable to HireRight of $3.3 million, compared to prior year period net loss of $7.9 million • Adjusted EBITDA of $40.3 million, compared to prior year period Adjusted EBITDA of $33.0 million • Diluted loss per share of $0.05, compared to prior year period diluted loss per share of $0.10

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Source: SEC EDGAR

accession 0001859285-24-000024

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