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Red Violet Inc   (RDVT)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $18.3400 $0.50 2.803%
Day's High: $18.36 Week Perf: 2.46 %
Day's Low: $ 17.86 30 Day Perf: -2.19 %
Volume (M): 35 52 Wk High: $ 23.30
Volume (M$): $ 636 52 Wk Avg: $19.49
Open: $17.86 52 Wk Low: $15.20



 Market Capitalization (Millions $) 263
 Shares Outstanding (Millions) 14
 Employees 139
 Revenues (TTM) (Millions $) 58
 Net Income (TTM) (Millions $) 13
 Cash Flow (TTM) (Millions $) 3
 Capital Exp. (TTM) (Millions $) 9

Red Violet Inc
Red Violet, Inc. is committed to making the world a safer place while also lowering corporate costs. To supply identification intelligence, we use unique technologies and employ analytical skills. Our technology drives crucial solutions that enable businesses to function with confidence. Our technologies allow for the identification and placement of individuals, businesses, assets, and their interrelationships in real time. These solutions are used for risk reduction, due diligence, fraud detection and prevention, regulatory compliance, and client acquisition, among other things. CORETM, our intelligent platform, is purpose-built for the enterprise while being adaptable to organizations of all sizes, providing clarity to vast datasets by translating data into intelligence. We improve process efficiency and help businesses make better data-driven decisions.
While our platform powers many diverse solutions for our customers, we presently market our solutions primarily through two brands, IDI' and FOREWARN'. IDI is a leading-edge, analytics and information solutions provider delivering actionable intelligence to the risk management industry in support of use cases such as the verification and authentication of consumer identities, due diligence, prevention of fraud and abuse, legislative compliance, and debt recovery. idiCORE' is IDIs flagship product. idiCORE is a next-generation, investigative solution used to address a variety of organizational challenges including due diligence, risk mitigation, identity authentication and regulatory compliance, by financial services companies, insurance companies, healthcare companies, law enforcement and government, collections, law firms, retail, telecommunication companies, corporate security and investigative firms. FOREWARN is an app-based solution currently tailored for the real estate industry, providing instant knowledge prior to face-to-face engagement with a consumer, helping professionals identify and mitigate risk. As of December 31, 2021 and 2020, IDI had 6,548 and 5,726 billable customers and FOREWARN had 82,419 and 48,377 users, respectively. The Company defines a billable customer of IDI as a single entity that generated revenue during the last three months of the period. Billable customers are typically corporate organizations. In most cases, corporate organizations will have multiple users and/or departments purchasing our solutions, however, the Company counts the entire organization as a discrete customer. The Company defines a user of FOREWARN as a unique person that has a subscription to use the FOREWARN service as of the last day of the period. A unique person can only have one user account.
We make every effort to understand our clients demands from the start. We engage with our clients on a constant basis and review their use of our products throughout their life cycle in order to maximize utilization and, hence, productivity. Our go-to-market strategy relies on (a) an inside sales team that cultivates relationships and ultimately closes business with their end-user markets, (b) a strategic sales team that provides a more personal, face-to-face approach for major accounts within certain industries, and (c) distributors, resellers, and strategic partners that have a significant foothold in many of the industries that we have not previously served, as well as to further penetrate those industries. We take the "land and grow" method.


   Company Address: 2650 North Military Trail Boca Raton 33431 FL
   Company Phone Number: 757-4000   Stock Exchange / Ticker: NASDAQ RDVT
   RDVT is expected to report next financial results on March 07, 2024.


Customers Net Income grew by RDVT's Customers Net Profit Margin grew to

65.9 %

14.5 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CRM        1.98% 
DBX        0.5% 
MSFT   -1.1%    
NOW        2.57% 
ORCL        0.54% 
TEAM        0.84% 
• View Complete Report
   



Stock Market Announcement

Red Violet Bolsters Shareholder Value with $5 Million Stock Repurchase Program

Published Wed, Dec 20 2023 1:01 PM UTC

Red Violet Announces Authorization of $5 Million Stock Repurchase Program
BOCA RATON, Fla., Dec. 20, 2023 - Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, made a significant announcement today regarding the authorization of a $5.0 million stock repurchase program by its Board of Directors. This news reflects the company's confide...

Red Violet Inc

Red Violet Inc. Shines at Investor Conference as Earnings Skyrocket with $10.38 Million Tax Boost

Red Violet, Inc., a leading analytics and information solutions provider, recently announced its participation in the Southwest IDEAS Investor Conference, which will be held in Dallas on November 15, 2023. The company's Vice President of Finance and Investor Relations, Camilo Ramirez, will be hosting investor meetings during the event.
In terms of its financial performance, Red Violet Inc experienced a significant increase in its earnings per share (EPS) for the most recent fiscal period. The EPS soared by an impressive 443.75% to $0.87 per share, compared to $0.16 per share in the previous year. Additionally, the company's earnings per share advanced by 770% from $0.10 per share in the previous reporting season. This demonstrates a strong upward trend in profitability.

Red Violet Inc

Red Violet Inc Boasts Stellar Second Quarter with Impressive 17.496% Revenue Jump in 2023

Red Violet Inc, a data analytics and information solutions provider, recently released its financial results for the most recent fiscal period. The company reported positive earnings of $0.10 per share, a significant improvement compared to $-0.01 per share the previous year. Moreover, their income per share soared by 100% from $0.05 per share in the previous reporting period.
One of the major contributors to Red Violet Inc's positive performance was a substantial increase in revenue. The company's revenue rose by 17.496% to $14.68 million from $12.49 million in the corresponding period the previous year. Additionally, there was a sequential revenue increase of 0.369% from $14.63 million.

Red Violet Inc

Red Violet Inc Soars to New Heights with Impressive Revenue Surge in Q1 2023 Earnings

Red Violet Inc, a data intelligence and analytics company, recently released its fiscal period closing March 31, 2023 financial report. While the report indicates impressive growth in some areas, a closer look at the figures reveals that the company's growth trajectory is unsustainable and investors should be cautious.
Starting with net profit per share, the report shows a 400% increase to $0.05 per share from the previous year. It is important to note however, that this jump in profit is largely due to a one-time event or anomaly rather than actual company growth. It is unlikely that Red Violet will continue to see such a significant increase in net profit per share in the future, thus making this a concerning trend for investors to keep an eye on.






 

Red Violet Inc's Segments
 
 
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