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Red Violet(RDVT) - 2025 Q2 - Quarterly Results
2025-08-08 20:30
Exhibit 99.1 red violet Announces Second Quarter 2025 Financial Results Revenue Increases 14% to $21.8 Million Producing a Record $7.5 Million in Cash Flow from Operations BOCA RATON, Fla. – August 6, 2025 – Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced financial results for the quarter ended June 30, 2025. "We are pleased to report another strong quarter, delivering solid revenue growth and profitability while building on the momentum established e ...
Red Violet(RDVT) - 2025 Q2 - Earnings Call Transcript
2025-08-06 21:30
Red Violet (RDVT) Q2 2025 Earnings Call August 06, 2025 04:30 PM ET Speaker0Good day, ladies and gentlemen, and welcome to Red Violet's Second Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. Later, we will conduct a question and answer session and instructions will follow at that time. As a reminder, this call is being recorded. I would now like to introduce your host for today's conference, Camilo Ramirez, Senior Vice President, Finance and Inv ...
Red Violet(RDVT) - 2025 Q2 - Quarterly Report
2025-08-06 20:55
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 June 30, 2025 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 2650 North Military Trail, Suite 300, Boca Raton, Florida 33431 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fr ...
red violet Announces Second Quarter 2025 Financial Results
Globenewswire· 2025-08-06 20:05
Revenue Increases 14% to $21.8 Million Producing a Record $7.5 Million in Cash Flow from OperationsBOCA RATON, Fla., Aug. 06, 2025 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced financial results for the quarter ended June 30, 2025. “We are pleased to report another strong quarter, delivering solid revenue growth and profitability while building on the momentum established early last year,” stated Derek Dubner, red violet’s CEO. “ ...
Red Violet (RDVT) Earnings Call Presentation
2025-08-06 20:00
Company Presentation August 2025 Statement Regarding Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures, which have not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). These non-GAAP financial measures are in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. There are a number of limitations related to the use of these non- GAAP financial measur ...
FOREWARN to Provide Identity Verification Services to MIBOR REALTOR® Association to Promote Agent Safety
Globenewswire· 2025-07-01 12:00
Core Insights - FOREWARN services will be made available to approximately 10,000 members of the MIBOR REALTOR Association to enhance agent safety [1][3] - The service provides real-time information solutions, including identity verification and criminal history checks, accessible via a mobile app [2][5] - MIBOR members can access FOREWARN services at no additional cost, promoting proactive safety measures [2][3] Company Overview - FOREWARN, LLC is a leading provider of real-time information solutions for real estate agents, focusing on safety and risk mitigation [1][5] - MIBOR REALTOR Association represents central Indiana's REALTORS, serving around 10,000 professionals across 14 counties [7][8] - MIBOR aims to strengthen communities and promote professionalism through technology resources [8]
Red Violet (RDVT) Surges 6.3%: Is This an Indication of Further Gains?
ZACKS· 2025-06-30 17:06
Company Overview - Red Violet, Inc. (RDVT) shares increased by 6.3% to close at $50.96, driven by notable trading volume and strong customer demand across various sectors [1] - The company is experiencing increased adoption from medium and large enterprise customers, alongside investments in proprietary data generation, automation, and AI-driven risk solutions [1] Earnings Expectations - Red Violet is expected to report quarterly earnings of $0.28 per share, unchanged from the previous year, with revenues projected at $24.5 million, reflecting a 28.5% increase year-over-year [2] - The consensus EPS estimate for Red Violet has remained stable over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [3] Industry Context - Red Violet operates within the Zacks Internet - Software and Services industry, where Globant (GLOB) is another player, having closed 0.4% lower at $91.13 and showing a -6.4% return over the past month [3] - Globant's consensus EPS estimate has decreased by 0.5% to $1.52, representing a 0.7% increase compared to the previous year, and it currently holds a Zacks Rank of 4 (Sell) [4]
Red Violet (RDVT) FY Conference Transcript
2025-06-11 19:00
Summary of Red Violet (RDVT) FY Conference Call - June 11, 2025 Company Overview - **Company Name**: Red Violet - **Industry**: Identity verification - **Location**: Boca Raton, Florida - **Key Personnel**: Camilo Ramirez (Senior Vice President of Finance and Investor Relations) Core Business and Competitive Landscape - Red Violet is a leader in the identity verification space, applicable to nearly every transaction in the US [2][4] - The management team has extensive experience, having previously founded and sold companies in the identity space, including Accurant and TLO [4][5] - The company aggregates various databases to create comprehensive profiles on individuals, which are sold to clients under long-term contracts [6][4] - Red Violet serves five verticals across 26 industries, including collections, real estate, financial and corporate risk, law enforcement, and emerging markets [6][14] Key Use Cases - **Collections**: Provides data to debt collectors to ensure compliance and avoid fines [6][7] - **Real Estate**: Offers safety solutions for realtors to verify potential clients [8][10] - **Financial and Corporate Risk**: Assists large banks with KYC and background screening [13] - **Law Enforcement**: Supplies tools for investigations, including mobile applications for real-time data access [39][40] Competitive Advantages - Red Violet's technology leverages cloud infrastructure, allowing for scalability and efficiency compared to legacy systems [6][24] - The company claims to power seven of the top ten identity players, indicating strong market presence [21] - High gross profit margins around 80% and adjusted EBITDA margins around 40% [35] Market Dynamics - The company is observing a bifurcation in consumer spending, with lower-income consumers facing challenges while higher-income consumers continue to spend [24][26] - The resumption of student loan collections is expected to impact the collections market positively [26] - Red Violet is actively acquiring new clients in the collections space, anticipating growth as collections commence [27] Financial Insights - Approximately 40% of data costs are tied to one vendor, with contract renewals expected to maintain flat pricing [33][34] - The company has repurchased about 1.5 million shares at an average price of $19, indicating a commitment to returning capital to shareholders [52][54] - Future capital allocation will focus on acquiring unique data assets and improving operational efficiency [55][56] Challenges and Opportunities - The company faces competition from larger players like Equifax and LexisNexis but differentiates itself through data quality and technology [50][66] - AI presents both a challenge and an opportunity, with potential for enhanced data acquisition and processing capabilities [45][47] - The company is exploring automation to improve operational efficiency as it scales [56] Conclusion - Red Violet is well-positioned in the identity verification market with a strong management team, innovative technology, and a diverse client base across multiple industries. The company is focused on growth through strategic acquisitions, operational efficiency, and capitalizing on market trends.
Red Violet: Its Profitable Business Model Drives Revenue Growth
Seeking Alpha· 2025-06-06 20:33
Red Violet Inc. (NASDAQ: RDVT ) operates in the data and data analytics industry. The company doesn't report a separate segment. However, for my analysis, I based it on two key revenue streams that the company reports: Pricing Contracts andI am an experienced Risk Management Business Analyst at a Systemic Greek Bank, with a strong background in finance and risk analysis. I hold an MSc in Applied Risk Management from the University of Athens and have completed the ACA Certificate Level. My expertise lies in ...
FOREWARN to Provide Identity Verification Services to Mid Jersey Association of REALTORS® to Promote Agent Safety
Globenewswire· 2025-06-05 12:00
Core Insights - FOREWARN, LLC has partnered with the Mid Jersey Association of REALTORS (MJAR) to provide its services to over 6,800 real estate professionals in central New Jersey, focusing on enhancing agent safety [1][3] - The FOREWARN platform analyzes billions of data points to help real estate agents verify identities, check criminal histories, and validate client information using just a phone number, thereby increasing safety during property showings [2][5] - MJAR members will have access to FOREWARN services at no additional cost, promoting proactive safety measures for agents [2][3] Company Overview - FOREWARN is a leading provider of real-time information solutions specifically designed for real estate agents, aiming to ensure safer engagements and smarter interactions [5] - The company utilizes powerful analytics and a vast data repository to deliver identity intelligence, risk mitigation, and fraud detection solutions [6] Industry Context - The real estate industry often involves agents interacting with unfamiliar individuals in unpredictable environments, highlighting the need for tools like FOREWARN to minimize risks associated with fraud and harm [3]