FIRST ADVANTAGE CORP
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
FA$21.58-8.2%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in thousands, except share and per share amounts) | 2024 | 2023 | 2024 | 2023 |
| REVENUES | $199,119 | $200,364 | $553,081 | $561,199 |
| OPERATING EXPENSES: | ||||
| Cost of services (exclusive of depreciation and amortization below) | 100,879 | 101,410 | 280,419 | 285,468 |
| Product and technology expense | 12,909 | 13,107 | 39,052 | 38,374 |
| Selling, general, and administrative expense | 46,050 | 30,217 | 125,352 | 88,881 |
| Depreciation and amortization | 30,168 | 32,419 | 89,968 | 96,341 |
| Total operating expenses | 190,006 | 177,153 | 534,791 | 509,064 |
| INCOME FROM OPERATIONS | 9,113 | 23,211 | 18,290 | 52,135 |
| OTHER EXPENSE, NET: | ||||
| Interest expense, net | 17,191 | 7,557 | 28,114 | 20,125 |
| Total other expense, net | 17,191 | 7,557 | 28,114 | 20,125 |
| (LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES | (8,078) | 15,654 | (9,824) | 32,010 |
| Provision for income taxes | 782 | 4,881 | 83 | 9,530 |
| NET (LOSS) INCOME | $(8,860) | $10,773 | $(9,907) | $22,480 |
| Foreign currency translation income (loss) | 5,531 | (1,610) | 2,460 | (523) |
| COMPREHENSIVE (LOSS) INCOME | $(3,329) | $9,163 | $(7,447) | $21,957 |
| NET (LOSS) INCOME | $(8,860) | $10,773 | $(9,907) | $22,480 |
| Basic net (loss) income per share | $(0.06) | $0.08 | $(0.07) | $0.16 |
| Diluted net (loss) income per share | $(0.06) | $0.07 | $(0.07) | $0.15 |
| Weighted average number of shares outstanding - basic | 144,096,312 | 143,231,707 | 143,851,357 | 144,392,463 |
| Weighted average number of shares outstanding - diluted | 144,096,312 | 144,733,357 | 143,851,357 | 146,392,996 |
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