Welcome to our dedicated page for Sterling Check news (Ticker: STER), a resource for investors and traders seeking the latest updates and insights on Sterling Check stock.
Sterling Check Corp. (STER) provides essential background screening and identity verification services that power secure, compliant workplaces worldwide. This news hub offers investors and professionals direct access to official announcements, financial updates, and strategic developments from the industry-leading risk management provider.
Track critical updates including quarterly earnings reports, technology innovations in digital verification, regulatory compliance changes, and strategic partnerships. Our curated collection ensures timely access to information impacting STER's market position and service offerings.
Discover press releases detailing new client acquisitions, expansion of global screening capabilities, and advancements in AI-driven identity verification. The archive serves as a vital resource for understanding STER's role in shaping workforce safety standards and corporate due diligence practices.
Bookmark this page for streamlined monitoring of Sterling Check Corp's operational milestones and industry leadership in building trusted environments through tech-enabled compliance solutions.
Sterling Check Corp. (NASDAQ: STER) announced strong financial results for Q4 and full year 2021. Q4 revenue surged by 35.1% to $173.6 million, with organic constant currency growth of 32.3%. The company reported a GAAP net income of $2.7 million, contrasting with a loss last year. For the full year, revenues increased 41.4% to $641.9 million, with an adjusted net income jump of 245.9% to $92.2 million. The company expects revenues between $740 million and $755 million for 2022, indicating continued growth.
Sterling Check Corp. (NASDAQ: STER) announced its financial results for the fourth quarter of fiscal year 2021 will be released on March 2, 2022, prior to market opening. A conference call to discuss the results will occur at 8:30 a.m. Eastern Time on the same day. Participants can join via phone or through a live audio webcast on Sterling's investor relations website. The company provides tech-enabled background and identity verification services, conducting over 89 million checks annually for more than 47,000 clients worldwide.
Sterling, a global leader in background screening and identity services, announced the acquisition of Employment Background Investigations, Inc. (EBI) to enhance its foothold in key US markets such as financial services and healthcare. Established in 1994, EBI specializes in background checks, drug testing, and compliance solutions, serving prominent clients across various sectors. The all-cash deal is projected to generate over $30 million in revenue for Sterling in 2022 and is expected to significantly boost adjusted earnings, providing synergies and improved service offerings.
Sterling Check Corp. (NASDAQ: STER) announced a new I-9 integration with iCIMS, enhancing their background and identity services. This integration streamlines compliance with USCIS requirements, minimizing manual processing and improving onboarding speed. The Sterling I-9 solution allows seamless ordering of background checks and employment eligibility verification directly from the iCIMS platform. Key features include electronic Form I-9, remote hire assistance, and real-time progress updates for recruiters.
ID.me has launched an in-person identity verification service in partnership with Sterling Check Corp. (STER), aimed at enhancing access for individuals without mobile devices or internet. The service was first adopted by the New Jersey Department of Labor, enabling residents to verify their identities for unemployment benefits. This expansion follows a significant rise in identity theft related to government benefits, increasing by 2,920%. The collaboration seeks to provide secure and easy identity verification across over 650 retail locations in the U.S.
Sterling Check Corp. (NASDAQ: STER) reports a significant revenue growth of 44.2% in Q3 2021, reaching $169.6 million. Organic constant currency revenue growth was 43.2%. Despite this, the company faced a GAAP net loss of $25.3 million per share, attributed to IPO-related costs. Adjusted EBITDA rose 68.7% to $51.3 million, with adjusted net income increasing 187.5% to $31.6 million. The company has set a 2021 revenue guidance of $617 to $622 million and adjusted EBITDA of $171 to $175 million.
Sterling Check Corp. (NASDAQ: STER) has been selected by the Financial Industry Regulatory Authority (FINRA) as its designated provider for fingerprint processing services. This new role will involve submitting fingerprints to the Department of Justice (FBI) on behalf of broker-dealer firms and funding portals starting December 6, 2021. With advanced fingerprint processing technology, Sterling aims to enhance efficiency and reduce costs for its clients in the financial services sector.
On October 28, 2021, Sterling Check Corp. (NASDAQ: STER) announced that CEO Josh Peirez and CFO Peter Walker will engage in a fireside chat at the J.P. Morgan Ultimate Services Investor Conference on November 18, 2021, at 9:35 AM ET. The company will also hold virtual investor meetings throughout the day. The chat will be accessible via a live webcast on Sterling's Investor Relations website. Sterling provides background and identity verification services, conducting over 75 million checks annually for more than 40,000 clients worldwide.
Sterling Check Corp. (NASDAQ: STER) has appointed Judah Sokel as Vice President of Investor Relations, effective October 25, 2021. Sokel, previously with J.P. Morgan, brings extensive experience in equity research and strong institutional investor relationships. He holds a CFA certification and has a background in accounting. His role aims to enhance Sterling's investor relations strategy and improve engagement with the investment community, particularly as the company evolves following its public listing.
Sterling Check Corp. (NASDAQ: STER) will announce its third-quarter financial results for fiscal year 2021 before market opening on November 10, 2021. A conference call to discuss these results is scheduled for the same day at 8:30 a.m. Eastern Time. Interested participants can join by dialing the provided numbers or by accessing a live audio webcast on Sterling's investor relations website. Sterling offers background and identity verification services to over 40,000 clients, conducting more than 75 million checks annually.
