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Mar 31, 2022
First Advantage Q1 2022 Earnings Report
Reported seventh consecutive quarter of double-digit revenues growth.
Key Takeaways
First Advantage reported strong Q1 2022 results, with revenues increasing by 43.8% year-over-year to $189.9 million and net income reaching $13.0 million, a significant improvement from the prior-year period's net loss of $(19.4) million.
Revenues were $189.9 million, an increase of 43.8%, compared to $132.1 million in the prior-year period
Net income was $13.0 million, compared to a net loss of $(19.4) million in the prior-year period
Adjusted EBITDA was $53.6 million, compared to $36.6 million in the prior-year period
Completed asset purchase acquisition of Form I-9 Compliance
First Advantage
First Advantage
Forward Guidance
First Advantage is raising full year 2022 guidance ranges for revenues to $820 to $835 million, Adjusted EBITDA to $253 to $259 million, and Adjusted Net Income to $157 to $161 million.