First Advantage Corporation provides global software and data for HR technology, including identity solutions, criminal background screening, credential verifications, drug and health screening, and continuous risk monitoring. Its updates center on employment screening demand, digital identity and verification services, AI-enabled platforms, proprietary data assets, and customer needs across the employee lifecycle.
Recurring news also covers quarterly results, guidance, cash flow, debt prepayments, share repurchase activity, investor conference participation, and industry research such as global background screening trends for HR leaders and job seekers.
First Advantage Corporation (NASDAQ: FA) will release its fourth quarter and full year 2021 financial results on March 23, 2022. The earnings conference call is scheduled for 8:30 a.m. ET, accessible through a dial-in or live webcast on the company’s investor relations site. As a global leader in screening and compliance technology solutions, First Advantage serves over 30,000 clients in more than 200 countries. This upcoming report will provide critical insight into the company’s performance and future outlook.
First Advantage Corporation (NASDAQ: FA) announced its upcoming Collaborate 2022 user conference in Las Vegas, scheduled for April 20-22, featuring keynote speaker Daymond John. Known for his role on Shark Tank and as the founder of FUBU, John will share his insights on marketing and branding. The event will focus on background screening and drug testing trends, providing valuable strategies for leaders navigating today's dynamic work environment. This invitation-only event will take place at the Aria, demonstrating First Advantage's commitment to innovation in human capital solutions.
First Advantage Corporation (NASDAQ: FA) has acquired the Form I-9 Compliance business effective January 1, 2022. This acquisition enhances First Advantage’s offerings, introducing products such as electronic Form I-9, E-Verify, remote verifications, and continuous compliance monitoring. CEO Scott Staples expressed enthusiasm for the acquisition, highlighting its strategic importance in delivering essential compliance solutions to customers. The integration aims to streamline onboarding processes and improve compliance management for clients.
First Advantage Corporation (NASDAQ: FA) has been recognized with two prestigious awards from Comparably: Best Company for Women and Best Company for Diversity. This acknowledgment is based on over 15 million employee ratings from 70,000 companies. The awards reflect First Advantage's commitment to an inclusive workplace culture. Executive VP of Human Resources, Michael Pilnick, highlighted initiatives like leadership programs and employee resource groups that support diversity. CEO Scott Staples emphasized the significance of these awards in demonstrating the company’s positive workplace environment.
First Advantage Corporation (NASDAQ: FA) has successfully completed the acquisitions of Corporate Screening Services, Inc. and MultiLatin Advisors, S.A. de C.V. This strategic move enhances First Advantage's expertise in healthcare and higher education screening and expands its international footprint in the compliance solutions market. CEO Scott Staples expressed optimism about these acquisitions, highlighting their alignment with capital allocation priorities and the potential for accelerated product innovation and market growth.
First Advantage Corporation (NASDAQ: FA) announced a secondary offering of 15,000,000 shares at $20.00 per share, conducted by certain stockholders, including Silver Lake Group affiliates. A 30-day underwriter option for an additional 2,250,000 shares is included. The offering, set to close on November 15, 2021, will not involve any shares from First Advantage, meaning proceeds will go entirely to the selling stockholders. Barclays and BofA Securities lead the offering, which is registered with the SEC.
First Advantage (NASDAQ: FA) announced a secondary offering of 15,000,000 shares from certain stockholders, including affiliates of Silver Lake Group. The underwriters, Barclays and BofA Securities, hold a 30-day option to buy an additional 2,250,000 shares. This offering will not involve any stock sold by First Advantage. Proceeds will go directly to the selling stockholders. A preliminary registration statement has been filed with the SEC, but it is not yet effective. The offering is subject to typical regulatory conditions.
The Real Brokerage Inc. has appointed Katharine Mobley as its new Chief Marketing Officer. With over 20 years of experience in strategic marketing, Mobley will drive brand awareness, enhance agent visibility, and lead investor relations. Her background includes leading global marketing at First Advantage and managing accounts for Fortune 500 companies. Mobley aims to expand Real's footprint in the competitive real estate market, leveraging technology to create growth opportunities. Co-founder and CEO Tamir Poleg expressed confidence in Mobley’s ability to enhance the company's brand and culture.
First Advantage Corporation (NASDAQ: FA) reported a strong third quarter 2021 with revenues of $192.9 million, up 41.0% from the previous year. The company achieved a net income of $16.3 million, a significant turnaround from a net loss of $3.5 million. Adjusted EBITDA rose to $63.9 million, reflecting a 47.7% increase. Full-year guidance for revenues was raised to $680-$686 million.
Additionally, two acquisitions were announced, enhancing First Advantage's market position.
First Advantage Corporation (NASDAQ: FA) announced its acquisition of Corporate Screening Services and MultiLatin Advisors, enhancing its healthcare and higher education solutions. This transaction aims to augment vertical expertise, product innovation, and international expansion, especially in Latin America. The all-cash deals are expected to close in Q4 2021. Scott Staples, CEO of First Advantage, emphasized the strategic importance of these acquisitions, which will strengthen the company’s offerings and customer base, leveraging the experienced leadership teams from both organizations.