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● First Advantage Second Quarter 2021 Highlights ( All results compared to prior - year period ) Revenues increased 66.5 % to $ 174.8 million Net income was $ 3.8 million , compared to a net loss of $ 16.4 million in the prior year period Adjusted EBITDA¹ was $ 56.3 million , compared to $ 31.7 million in the prior year period Adjusted Net Income¹ was $ 33.2 million , compared to $ 12.2 million in the prior year period ● First Advantage Reports Second Quarter 2021 Results Initial public offering on the Nasdaq Global Select Market completed on June 25 , 2021 ; net proceeds to the Company of $ 316.5 million used to prepay $ 200.0 million of debt and for general corporate purposes 2021 guidance ranges for revenue of $ 640 to $ 650 million , Adjusted EBITDA of $ 186 to $ 190 million , and Adjusted Net Income of $ 110 to $ 113 million² ATLANTA , August 12 , 2021 - First Advantage Corporation ( NASDAQ : FA ) , a leading global provider of technology solutions for screening , verifications , safety , and compliance related to human capital , today announced financial results for the second quarter ended June 30 , 2021 . Key Financial Metrics ( Amounts in millions , except per share data and percentages ) Revenues Income ( loss ) from operations Net income ( loss ) Net income margin ACASA Diluted earnings ( loss ) per share Adjusted EBITDA¹ Adjusted EBITDA Margin¹ Adjusted Net Income¹ $ $ SASA $ $ ||| $ 2021 $ Three months ended June 30 , 2020 174.8 17.3 3.8 2.2 % 0.03 56.3 32.2 % 33.2 0.25 $ $ Adjusted Diluted Earnings Per Share¹ ¹ Adjusted EBITDA , Adjusted EBITDA Margin , Adjusted Net Income , and Adjusted Diluted Earnings Per Share are non - GAAP measures . Please see the schedules accompanying this earnings release for a reconciliation of these measures to their most directly comparable respective GAAP measure . $ SASA $ $ $ SASA 105.0 ( 6.2 ) ( 16.4 ) ( 15.6 ) % $ Change 66.5 % NM NM ( 0.13 ) 31.7 30.1 % 12.2 0.09 NM 77.9 % 171.9 % 177.8 % " First Advantage delivered exceptional performance during the second quarter of 2021 , achieving year - over year revenue and Adjusted EBITDA growth of 66.5 % and 77.9 % , respectively , " said Scott Staples , Chief Executive Officer . " With the global economy showing strong recovery and the increasing competition for talent , we continued to help our customers accelerate hiring and manage human capital risk . " Mr. Staples continued , " Our robust revenue growth was attributable to increasing momentum within our existing customer base , significant new customer growth , and the contribution from our UK screening business acquisition , which closed in March 2021. In addition , continued advancements in robotic process automation , utilization of our proprietary data and intelligent routing technology , further operational efficiencies , and G & A leverage drove Adjusted EBITDA growth and Adjusted EBITDA Margin expansion . "