Why Did First Advantage Stock Soar 14% Today?


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


  • First Advantage Corp (NASDAQ:FAreported second-quarter revenue growth of 66.5% year-over-year to $174.8 million, beats the consensus of $152.9 million.
  • Revenue growth was attributable to increasing momentum within the existing customer base, significant new customer growth, and U.K. screening business acquisition contribution.
  • Adjusted EPS improved to $0.25 from $0.09 in 2Q20, beating the consensus of $0.17.
  • The company reported income from operations of $17.28 million, compared to the loss of $(6.2) million a year ago.
  • First Advantage generated cash from operating activities year-to-date of $56.1 million.
  • Adjusted EBITDA was $56.3 million, compared to $31.7 million in 2Q20.
  • First Advantage ended the Q2 with cash and cash equivalents of $257.1 million.
  • Net proceeds of $316.5 million from the IPO were used to prepay $200 million of debt and general corporate purposes.
  • The company amended its revolving credit facility to increase borrowing capacity to $100.0 million and extend the maturity date from January 31, 2025, to July 31, 2026. 
  • FY21 Outlook: First Advantage expects revenues of $640 million –$650 million, Adjusted EBITDA of $186 million – $190 million, and Adjusted net income of $110 million – $113 million.
  • Price Action: FA shares are trading higher by 14% at $22.57 on the last check Thursday.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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