Detailed Analysis of First Advantage Corp's Financial Performance for the First Quarter of 2024
Reaffirms Full Year 2024 GuidanceFirst Quarter 2024 Highlights¹ Revenues of $169.4 millionNet Loss of $(2.9) million, after $11.1 million of costs related to the acquisition of Sterling Check Corp. (“Sterling”)Adjusted Net Income of $24.8 millionAdjusted EBITDA of $46.6 millionGAAP Diluted Net Loss Per Share of $(0.02), after $0.08 per share of costs related to the acquisition of SterlingAdjusted Diluted Earnings Per Share of $0.17Cash Flows from Operations of $38.3 millionAcquisition of Sterlin
First Advantage (FA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.