First Advantage Corporation (FA) Misses Q3 EPS by 2c; Offers FY22 Revenue Guidance
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First Advantage Reports Third Quarter 2022 Results
November 8, 2022 6:00 AM ESTThird Quarter 2022 Highlights(All results compared to prior-year period unless otherwise noted)
Revenues were $206.0 million, an increase of 6.8%, compared to $192.9 million; Constant Currency Revenues1 were $209.4 million, an increase of 8.6%Net income was $17.2 million, an increase of 5.7%, compared to $16.3 millionAdjusted EBITDA1 was $64.2 million, an increase of 0.4%, compared to $63.9 million; Constant Currency Adjusted EBITDA1 was $65.3 millionAdjusted Net Income1 was $40.0 million, a decrease of 5.1%, compared to $42.2 millionCash flows from operations were $46.4 million, an increase of 67.2%, compared to $27.8 millionCash and cash equivalents were $390.3 million as of September 30, 2022, an increase of $97.6... More