First Advantage (FA) 2025 Conference June 05, 2025 11:25 AM ET Speaker0 Morning, everybody. We're going to go ahead and get started. My name is Mark Marcon. I follow human capital technology and solutions for Baird. Our next presenting company is First Advantage. First Advantage is the leading provider of pre employment screening and increasingly a leader in digital identity and identification. With us today, we're very pleased to have Scott Staples, the CEO. Scott first joined, First Advantage in 2017 as C ...

Summary of First Advantage FY Conference Call Company Overview - **Company Name**: First Advantage - **Industry**: HR Technology and Background Screening - **Business Model**: Global software, data, and services company focused on HR tech, providing background screening and compliance services in over 200 countries and territories [6][7][8] Key Points and Arguments Business Transformation - First Advantage has transitioned from a background screening company to a comprehensive software, data, and services provider over the past eight years [9] - The company went public on Nasdaq approximately four years ago [9] Acquisition of Sterling - The acquisition of Sterling has positioned First Advantage as the largest player in the background screening space, with a market cap significantly larger than its nearest competitor [10][12] - The rationale for the acquisition included complementary strengths in verticals, enhancing technology platforms, and filling gaps in market coverage [12][13] Competitive Landscape - First Advantage is categorized as a leader in the market, with a competitive moat against mid-sized players and smaller companies [16][17] - The company invests $120 to $130 million annually in R&D, which exceeds the revenue of many smaller competitors [17][18] Market Dynamics - The total addressable market (TAM) for First Advantage has grown from $13 billion to $14 billion, with significant opportunities in the APAC region [28] - Digital identity is emerging as a critical area, with a TAM of $10 billion, driven by increasing fraud in recruitment processes [32] Financial Outlook - First Advantage aims to achieve $1.8 to $2 billion in revenue by 2028, with a consistent growth rate of 7% to 9% expected [38][40] - The company anticipates EBITDA of approximately $600 million by 2028, with a focus on high-quality earnings and free cash flow conversion [41][42] Labor Market Insights - The labor market has stabilized, with a job openings to unemployed ratio returning to a normalized level of 1:1 [49] - The company has maintained a 96% customer retention rate post-acquisition, indicating strong client relationships [39][50] International Growth - Significant growth opportunities exist in the UK, India, and Australia, particularly due to the digitization of data sources in these regions [54][55] - The combined entity of First Advantage and Sterling enhances international business capabilities [57] AI and Technology Integration - First Advantage is leveraging AI and machine learning to improve data processing and customer experience, with dedicated teams focused on innovation [59][61] - The fragmented nature of data in the background screening industry presents opportunities for AI to streamline operations and enhance service delivery [61] Additional Important Insights - The company is focused on integrating the two businesses post-acquisition and achieving cost synergies of $65 to $80 million [46] - Procurement departments are increasingly favoring larger vendors like First Advantage for their technology and risk management capabilities [36][37]

First Advantage (FA) 2025 Investor Day May 28, 2025 08:30 AM ET Speaker0 We're gonna go ahead and get started. Alright. Good morning, everyone, and welcome to First Advantage's inaugural investor day. I'm Stephanie Gorman, vice president of investor relations here at First Advantage. We're thrilled to have you all here with us today whether you're in person or joining us virtually. Your support and engagement are invaluable to us as we continue to advance our mission of providing global software and data to ...

F O R W A R D - L O O K I N G S T A T E M E N T S This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, our operations and financial performance. Forward- looking statements include all statements that are not historical facts. These forward-looking statements relate to matters such as our industry, business strategy, goals, and expecta ...

Core Insights - Fountain Asset Corp. reported financial results for Q1 2025, highlighting significant realized gains and a focus on reducing operating expenses [1][2][5] Financial Performance - The company realized $1.29 million in gains from the sale of portfolio investments during Q1 2025 [3] - Net assets as of March 31, 2025, were valued at $5.57 million, or $0.09 per share, reflecting a slight increase from $5.51 million, or $0.09 per share, at the end of 2024 [4][8] - Net comprehensive income for Q1 2025 was $0.05 million, a recovery from net comprehensive losses of $0.45 million in Q1 2024 [8] - Total gains from investment activities amounted to $0.39 million, compared to losses of $0.28 million in Q1 2024 [8] - The company reported net unrealized losses of $0.96 million on portfolio investments, contrasting with net unrealized gains of $0.04 million in Q1 2024 [8] - Total expenses for Q1 2025 were $0.34 million, up from $0.17 million in Q1 2024, while operating expenses remained stable at $0.16 million compared to $0.17 million in Q1 2024 [8] Strategic Focus - The CEO emphasized the company's commitment to growth-oriented goals and the importance of realigning the investment portfolio to capitalize on market trends [5] - The company continues to seek ways to reduce ongoing expenditures while maximizing revenues to enhance its financial position [5][6]

Media Contact: Mariah Mellor Sr. Director, Corporate Communications FAcommunications@fadv.com (678) 868-4151 About First Advantage First Advantage (NASDAQ: FA) is a leading provider of global software and data in the HR technology industry. Enabled by its proprietary technology and AI, First Advantage's platforms, data, and APIs power comprehensive employment background screening, digital identity solutions, and verification services. With a strong emphasis on innovation, automation, and customer success, F ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (State or other jurisdiction of incorporation or organization) 1 Concourse Parkway NE, Suite 200 (I.R.S. Employer Identification No.) Atlanta, GA 30328 (Addr ...

First Advantage (FA) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Stephanie Gorman - VP, IRScott Staples - CEOSteven Marks - EVP &CFOShlomo Rosenbaum - Managing DirectorHarold Antor - Senior Equity Research AssociateScott Wurtzel - SVP - Equity Research Conference Call Participants None - AnalystAndrew Steinerman - Equity Research Analyst - Business & Info ServicesAndrew Nicholas - Equity Research AnalystPrincy Thomas - AnalystJeffrey Silber - Senior Analyst Operator day, everyone. My ...

First Advantage (FA) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 day, everyone. My name is Erica, and I will be your conference operator today. I would like to welcome you to the First Advantage First Quarter twenty twenty five Earnings Conference Call and Webcast. Hosting the call today from First Advantage is Stephanie Gorman, Vice President of Investor Relations. At this time, all participants have been placed in a listen only mode to prevent any background noise. After the speakers' remarks, ...

First Advantage (FA) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 30.77%. A quarter ago, it was expected that this provider of background screening services would post earnings of $0.24 per share when it actually produced earnings of $0.18, delivering a surprise of -25%.Over the la ...