NASDAQ$FA

First Advantage Corporation · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

First Advantage reported flat revenue growth and increased net income in Q4 2022.

First Advantage Corporation reported flat revenue growth for the fourth quarter of 2022, with a slight increase on a constant currency basis. Net income saw a significant increase compared to the prior year. The company achieved a higher Adjusted EBITDA margin and generated substantial cash flow from operations.

  • Revenue was $212.6 million.
  • Net income was $20.1 million.
  • Adjusted EBITDA was $70.3 million.
  • Cash flow from operations reached $70.0 million.

Headline financials

Total Revenue

$213M

Previous: $213M+0.0%
EPS (adj)

$0.30

Previous: $0.31-3.2%
Adjusted EBITDA Margin

33.1%

Previous: 32.7%+1.2%
Capital Expenditures

$131K

Previous: $1.57M-91.7%
Free Cash Flow

$63.8M

Previous: $63.2M+0.9%
Net Income

$20.1M

Previous: $15.4M+30.6%
Operating Income

$28.7M

Previous: $25.3M+13.4%
Gross Profit

$105M

Previous: $105M-0.6%
Cash & Equivalents

$392M

Previous: $293M+33.8%
Total Assets

$1.89B

Previous: $1.89B-0.0%
Stock-Based Comp

$2.03M

Previous: $4.96M-59.0%

Revenue & EPS history

First Advantage · Revenue · Quarterly

$213M

Q4 2022+0%vs Q4 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

First Advantage introduced full year 2023 guidance ranges for Revenues of $770 million to $810 million, Adjusted EBITDA of $240 million to $255 million, Adjusted Net Income of $145 million to $155 million, and Adjusted Diluted Earnings Per Share of $1.00 to $1.07

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 Q4 2022

Historical avgQ4 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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