NASDAQ$FA

First Advantage Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported seventh consecutive quarter of double-digit revenues growth.

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

Headline financials

Total Revenue

$190M

Previous: $132M+43.8%
EPS (adj)

$0.22

Previous: -$0.15+246.7%
Adjusted EBITDA

$53.6M

Previous: $36.6M+46.5%
Adjusted EBITDA Margin

28.2%

Previous: 27.7%+1.8%
Adjusted Net Income

$33.5M

Previous: $20.5M+63.4%
Adjusted Diluted EPS

$0.22

Previous: $0.16+37.5%
Capital Expenditures

-$2.91M

Previous: $1.44M-301.6%
Free Cash Flow

$10.1M

Previous: $22.3M-54.6%
Net Income

$13M

Previous: -$19.4M+167.1%
Operating Income

$17.1M

Previous: -$3.17M+639.5%
Gross Profit

$190M

Previous: $66.1M+187.2%
Cash & Equivalents

$308M

Previous: $113M+171.1%
Total Assets

$1.9B

No prior period
Stock-Based Comp

$1.86M

Previous: $562K+230.8%

Revenue & EPS history

First Advantage · Revenue · Quarterly

$190M

Q1 2022+43.8%vs Q1 2021
Beat estimate in 8 of 10 quarters(80%)
ActualEstimate

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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+7.9%

Avg return

Earnings day

+6.8%

Avg return

5 days after

+7.3%

Avg return

30 days after

76%

19 / 25 earnings

Positive

+23.0%

Q1 2026

Best reaction

-12.4%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+23.0%+21.3%+24.1%
Q4 2025+22.8%+24.3%+17.1%
Q3 2025+6.8%+2.8%+7.0%
Q1 2025+19.0%+19.1%+21.4%
Q4 2024-12.4%-25.7%-25.0%
Q3 2024-3.0%-5.8%+5.2%
Q2 2024+3.2%+5.0%+15.1%
Q1 2024-1.5%-0.7%+1.4%
Q4 2023-6.1%-4.6%-3.7%
Q3 2023+2.2%+5.2%+17.4%
Q2 2023+6.4%+7.1%-8.3%
Q1 2023+0.2%+4.8%+9.5%
Q4 2022+1.4%+2.7%+4.1%
Q3 2022+11.6%+18.4%+29.3%
Q2 2022-2.8%+2.5%-3.0%
Q1 2022-5.4%-1.9%-9.4%
Q4 2019+10.4%+11.0%+1.2%
Q4 2021+10.4%+11.0%+1.2%
Q3 2021+3.3%-4.9%-15.2%
Q3 2020+3.3%-4.9%-15.2%
Q4 2020+20.9%+16.5%+21.9%
Q1 2021+20.9%+16.5%+21.9%
Q2 2020+20.9%+16.5%+21.9%
Q2 2021+20.9%+16.5%+21.9%
Q1 2020+20.9%+16.5%+21.9%

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