First Advantage Reports $0.19 EPS, Revenue of $175.5M Beats Expectations
May 12, 2023
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Non-GAAP EPS of $0.19 was in line with expectations, while revenue of $175.5M exceeded the forecast by $3.84M, reflecting the strength of the company’s offerings. This performance comes as First Advantage ($NASDAQ:FA) continues to innovate, providing comprehensive background screening and investigation solutions for a variety of industries. The company is also making strides in its international operations and has recently expanded its presence in Europe, Latin America, and Asia, allowing them to capitalize on growth opportunities in these markets.
Additionally, First Advantage’s commitment to customer service has yielded strong client satisfaction ratings, positioning the company for long-term success. Overall, First Advantage’s strong financial results demonstrate the company’s ability to deliver value to its customers and investors alike. With robust operations in multiple regions and a strong commitment to customer service, First Advantage is well positioned to capitalize on growth opportunities and continue to deliver strong returns in the future.
Earnings
FIRST ADVANTAGE recently released their FY2022 Q4 earning report, which ended December 31 2022. The report showed that the company achieved a total revenue of $212.6M USD and a net income of $20.15M USD. Compared to the same quarter in the previous year, FIRST ADVANTAGE experienced a 0.0% increase in total revenue and a 31.0% increase in net income. This exceeded market expectations and demonstrates the company’s strong performance in the past quarter.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for First Advantage. More…
| Total Revenues | Net Income | Net Margin |
| 810.02 | 64.6 | 8.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for First Advantage. More…
| Operations | Investing | Financing |
| 212.77 | -48.6 | -59.15 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for First Advantage. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.89k | 759.21 | 7.57 |
Key Ratios Snapshot
Some of the financial key ratios for First Advantage are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.9% | 0.8% | 11.6% |
| FCF Margin | ROE | ROA |
| 22.7% | 5.2% | 3.1% |
Stock Price
On Wednesday, FIRST ADVANTAGE reported earnings per share of $0.19, which beat analyst expectations and was a strong increase compared to the previous year. Along with the earnings report, FIRST ADVANTAGE also reported revenue of $175.5 million, which was higher than what analysts had expected. Following the earnings release, FIRST ADVANTAGE stock opened at $12.9 and closed at $12.6, representing a 0.1% increase from the previous closing price of $12.6. Live Quote…
Analysis
At GoodWhale, we provide investors with comprehensive financial analysis of FIRST ADVANTAGE. Our analysis leverages data from the company’s financial statements to create a risk rating. After carefully reviewing the data, we have determined that FIRST ADVANTAGE is a high risk investment in terms of financial and business aspects. Furthermore, our analysis has detected two risk warnings in FIRST ADVANTAGE’s balance sheet and cashflow statement. To access more details on these warnings, we invite you to register with us. Our services provide an in-depth examination of the company’s financial performance so you can make an informed decision on whether this is a smart investment. More…
Peers
Its competitors include Zeuus Inc, Anacomp Inc, and Spire Global Inc.
– Zeuus Inc ($OTCPK:ZUUS)
Zeuus Inc is a publicly traded company with a market capitalization of 527.55 million as of 2022. The company has a return on equity of 1191.01%. Zeuus Inc is a provider of online marketing and advertising services. The company offers a range of services including search engine optimization, pay per click management, and social media marketing. Zeuus Inc is headquartered in San Francisco, California.
– Anacomp Inc ($OTCPK:ANMP)
Anacomp Inc is a data management company that provides solutions for storing, managing, and analyzing data. The company has a market cap of 3.74M as of 2022 and a return on equity of 55.96%. Anacomp Inc’s products and services include data storage, data management, data analysis, and data security. The company serves customers in the United States, Canada, and Europe.
– Spire Global Inc ($NYSE:SPIR)
Spire Global is a data and analytics company that uses data from its constellation of 75 nanosatellites to provide insights into global maritime, aviation, and weather patterns. The company has a market cap of 180.46M as of 2022 and a return on equity of -7.96%.
Summary
Investors had a positive reaction to First Advantage‘s recent financial report, as the company posted Non-GAAP earnings per share of $0.19, which was in-line with market estimates. However, total revenue for the period hit $175.5M, surpassing analysts’ expectations by $3.84M. This positive news was reflected positively on the stock, sending the share price higher in early trading. Looking ahead, investors should keep a close eye on First Advantage’s performance as the company works to capitalize on its recent success and further boost shareholder value.
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