Red Violet

Red Violet, Inc. engages in the provision of software and proprietary technology services. It specializes in data analysis, which provides cloud-based, mission-critical information solutions to enterprises in a variety of industries. Its brands include IDI and Forewarn. The company was founded in August 2017 and is headquartered in Boca Raton, FL.

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Red Violet posts record Q4 revenue, eyes growth through innovation

Red Violet's Q4 performance showcased strong revenue growth and improved margins, setting a positive tone for 2023.
The company's financial stability, focus on innovation, and growth strategies position it well for future success.
Balancing organic growth with potential acquisitions will be key in navigating future opportunities and challenges.

Red Violet reports robust Q1 earnings, eyes growth in identity solutions

Red Violet's Q1 2023 earnings call highlighted strong financial performance, customer growth, and strategic initiatives to drive future growth. Despite challenges in certain sectors, the company's focus on identity and fraud solutions, new product launches, and optimizing resources position them well for opportunities ahead.

Red Violet reports strong Q2 earnings, poised for AI-driven growth

Red Violet's Q2 performance reflects robust revenue growth and enhanced profitability, driven by operational efficiencies.
The company's focus on AI technologies and data assets positions them well for future growth and market leadership.
While challenges exist, Red Violet's strong financial position and strategic initiatives offer opportunities for sustained success.

Red Violet (RDVT) reports record revenue and customer growth in Q3 2023

Red Violet (RDVT) delivered a strong performance in Q3 2023, achieving record revenue, solid margins, and positive cash flow generation. The company's growth in customer base, user acquisition, and partnership agreements highlight its market presence and potential for expansion. While challenges persist, Red Violet's focus on customer satisfaction and shareholder value creation remains steadfast.

Red Violet (RDVT) reports robust Q4 earnings and strategic growth

Red Violet's Q4 and full-year 2023 performance showcased strong revenue growth, margin expansion, and cash flow generation, underlining a successful year.
The company's strategic focus on innovation, executive appointments, and financial discipline positions it well for future growth and market leadership.
While challenges in maintaining growth and optimizing investments exist, Red Violet's solid financial foundation and growth initiatives present promising opportunities for sustained success.

Red Violet achieves record revenue and growth in Q1 2024

Red Violet's Q1 2024 performance reflects robust revenue growth, improved profitability, and expansion in customer bases.
The company's investments in technology and personnel underscore a commitment to long-term success and innovation.
While facing challenges in a competitive market, Red Violet remains optimistic about future growth opportunities and market momentum.

Red Violet reports record Q2 revenue and strategic growth initiatives

Red Violet's Q2 2024 earnings call showcased impressive financial results, strategic investments in technology and marketing, and a strong cash position. The company is focused on expanding its market presence and driving growth across key verticals.

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Red Violet shares have doubled since my initial recommendation following solid progress in the underlying business. Revenue was up 20% in Q3, with adjusted EBITDA margins rising to 35%, demonstrating strong operating leverage in the business. I expect revenue growth of at least 15% for next year with continued margin expansion.

Red Violet Q3 Earnings: Margin Growth Leaves Room For Further Upside

Red Violet (RDVT) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Red Violet (RDVT) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

Red Violet (RDVT) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

Here's Why Momentum in Red Violet (RDVT) Should Keep going

The 5th largest local REALTOR® Association in the United States contracts to make FOREWARN services available for its 25,000+ real estate professional members to promote proactive agent safety The 5th largest local REALTOR® Association in the United States contracts to make FOREWARN services available for its 25,000+ real estate professional members to promote proactive agent safety

FOREWARN Partners with MetroTex Association of REALTORS®

Red Violet, Inc. (RDVT) Q3 2024 Earnings Call Transcript

Red Violet, Inc. (RDVT) came out with quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.87 per share a year ago.

Red Violet, Inc. (RDVT) Lags Q3 Earnings Estimates

BOCA RATON, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced that it will participate in the Southwest IDEAS Investor Conference being held in Dallas on November 21, 2024. Camilo Ramirez, Senior Vice President, Finance and Investor Relations, will present and host investor meetings.

red violet to Participate in the Southwest IDEAS Investor Conference

Red Violet (RDVT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Red Violet (RDVT) Soars 7.6%: Is Further Upside Left in the Stock?

New Hampshire Association of REALTORS® contracts to make FOREWARN services available for its 6,500+ real estate professional members to promote proactive agent safety New Hampshire Association of REALTORS® contracts to make FOREWARN services available for its 6,500+ real estate professional members to promote proactive agent safety

FOREWARN Partners with New Hampshire Association of REALTORS®

Maryland-based Association contracts to make FOREWARN services available for its 2,000+ real estate professional members to promote proactive agent safety Maryland-based Association contracts to make FOREWARN services available for its 2,000+ real estate professional members to promote proactive agent safety

FOREWARN Partners with Howard County Association of REALTORS®

BOCA RATON, Fla., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Interactive Data, LLC (“IDI”), a red violet company (NASDAQ: RDVT), and trailblazer in identity verification and risk mitigation, today announced it has been awarded the General Services Administration (GSA) MAS8F 47QSWA18D008F contract (https://www.carahsoft.com/idi) through its strategic alliance with Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®. As of August 6, 2024, government agencies are now able to procure IDI's next-generation investigative solution, idiCORE™, and associated IDI products and services with ease and confidence through Carahsoft's GSA Schedule contract. This strategic alliance is a significant step in IDI's commitment to deliver innovative solutions and drive operational success and security for the public sector and the nation at large.

REPEAT -- IDI Now Available on Carahsoft's GSA Schedule

IDI Now Available on Carahsoft's GSA Schedule

Adjusted for one-time impacts, revenue growth accelerated year over year to 23% in Q2. The corresponding EBITDA margin achieved was 32% as the company leverages its largely fixed cost base. I raise my price target to $34 and believe that the company's move further upmarket will unlock even greater opportunities.

Red Violet: Growth Accelerates As The Company Moves Upmarket

Red Violet, Inc. (NASDAQ:RDVT ) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Camilo Ramirez - Senior Vice President of Finance and Investor Relations Derek Dubner - Chairman and Chief Executive Officer Dan MacLachlan - Chief Financial Officer Conference Call Participants Josh Nichols - B. Riley Operator Good day, ladies and gentlemen, and welcome to Red Violet's Second Quarter 2024 Earnings Conference Call.

Red Violet, Inc. (RDVT) Q2 2024 Earnings Call Transcript

BOCA RATON, Fla., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced that it will participate in the Midwest IDEAS Investor Conference being held in Chicago on August 29, 2024. Derek Dubner, Chief Executive Officer, and Daniel MacLachlan, Chief Financial Officer, will present and host investor meetings.

red violet to Participate in the Midwest IDEAS Investor Conference

Red Violet, Inc. (RDVT) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.10 per share a year ago.

Red Violet, Inc. (RDVT) Tops Q2 Earnings and Revenue Estimates

Revenue Increases 30% to a Record $19.1 Million, Generating GAAP EPS of $0.19 Revenue Increases 30% to a Record $19.1 Million, Generating GAAP EPS of $0.19

red violet Announces Second Quarter 2024 Financial Results

If you are looking for stocks that are well positioned to maintain their recent uptrend, Red Violet (RDVT) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

What Makes Red Violet (RDVT) a Good Fit for 'Trend Investing'

Red Violet, Inc. (RDVT) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, RDVT's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.

Red Violet, Inc. (RDVT)'s Technical Outlook is Bright After Key Golden Cross

BOCA RATON, Fla., June 06, 2024 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced that it will participate in the East Coast IDEAS Investor Conference being held in New York on June 13, 2024. Camilo Ramirez, Senior Vice President, Finance and Investor Relations, will host investor meetings.

red violet to Participate in the East Coast IDEAS Investor Conference

The largest trade association in Southern Arizona makes FOREWARN services available for its 5,700+ real estate professional members to promote proactive agent safety The largest trade association in Southern Arizona makes FOREWARN services available for its 5,700+ real estate professional members to promote proactive agent safety

FOREWARN Partners with Tucson Association of REALTORS®

California-based MLS contracts to make FOREWARN services available for its 1,700+ real estate professional members to promote proactive agent safety California-based MLS contracts to make FOREWARN services available for its 1,700+ real estate professional members to promote proactive agent safety

FOREWARN Partners with Santa Barbara Multiple Listing Service

Utah-based MLS contracts to make FOREWARN services available for its 1,700+ real estate professional members to promote proactive agent safety Utah-based MLS contracts to make FOREWARN services available for its 1,700+ real estate professional members to promote proactive agent safety

FOREWARN Partners with Park City Multiple Listing Service

Red Violet (RDVT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

News for Red Violet Stock (RDVT)