Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance. So, the price trend in RDVT may not reverse anytime soon. In addition to RDVT, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria. Our " ...

Core Viewpoint - Red Violet, Inc. (RDVT) is showing potential for bullish movement due to a recent "golden cross" in its moving averages, indicating a possible breakout [1][2] Technical Analysis - RDVT's 50-day simple moving average has crossed above its 200-day simple moving average, forming a "golden cross" [1] - This technical pattern is typically associated with bullish breakouts, as it suggests a positive trend reversal [1] - The stock has increased by 18.8% over the past four weeks, indicating upward momentum [1] Earnings Outlook - The earnings outlook for RDVT is positive, with no earnings estimates decreasing in the past two months and one revision higher [1] - The Zacks Consensus Estimate for earnings has also increased, further supporting the bullish case for RDVT [1]

Company Contact: Camilo Ramirez Red Violet, Inc. 561-757-4500 ir@redviolet.com Investor Relations Contacts: Steven Hooser Three Part Advisors 214-872-2710 ir@redviolet.com 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, wi ...

BOCA RATON, Fla., June 04, 2024 (GLOBE NEWSWIRE) -- FOREWARN, LLC, a red violet company (NASDAQ:RDVT) and the leading provider of real-time information solutions for real estate agents, today announced that Tucson Association of REALTORS® ("TAR") will offer FOREWARN® services to its 5,700+ members it serves throughout the Tucson area to promote proactive real estate agent safety. Available both online and through a mobile application, FOREWARN analyzes billions of data points and provides users with the abi ...

The FOREWARN services offered by Santa Barbara Multiple Listing Service are available to the 1,700+ members at no additional cost to individual agents. "We are pleased to be providing FOREWARN for the increased safety and well-being of our members," said Brian Johnson, CEO of Santa Barbara Multiple Listing Service. "Real estate agents are often on the move and need a streamlined way to verify their unknown prospects. FOREWARN helps agents to accomplish this right on their phone in just seconds." Existing Sa ...

BOCA RATON, Fla., May 30, 2024 (GLOBE NEWSWIRE) -- FOREWARN, LLC, a red violet company (NASDAQ:RDVT) and the leading provider of real-time information solutions for real estate agents, today announced that Park City Multiple Listing Service ("PCMLS") will offer FOREWARN® services to its 1,700+ members it serves throughout the Park City area to promote proactive real estate agent safety. At FOREWARN, we bring instant knowledge through innovative solutions to ensure safer engagements and smarter interactions. ...

Red Violet, Inc. (RDVT) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in ea ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Inv ...

Financial Performance - Total revenue increased 20% to $17.5 million for Q1 2024 compared to Q1 2023[6] - Net income rose 149% to $1.8 million, resulting in earnings of $0.13 per share, with a net income margin increase to 10% from 5%[6] - Adjusted EBITDA increased 54% to $5.7 million, with an adjusted EBITDA margin rising to 32% from 25%[6] - Adjusted net income increased 36% to $3.2 million, resulting in adjusted earnings of $0.23 per share[6] - For the three months ended March 31, 2024, adjusted EBITDA was $5,689,000, compared to $3,706,000 for the same period in 2023, reflecting a 53.5% increase[18] - Revenue for the same period was $17,511,000, up from $14,626,000 in 2023, representing a 19.9% growth[18] - Adjusted net income increased to $3,153,000 in Q1 2024 from $2,322,000 in Q1 2023, marking a 35.7% rise[18] - Adjusted earnings per share (diluted) improved to $0.22 in Q1 2024, compared to $0.16 in Q1 2023, a 37.5% increase[18] - Free cash flow (FCF) for Q1 2024 was $1,913,000, a significant recovery from a negative FCF of $(786,000) in Q1 2023[20] Customer Growth - Added 366 customers to IDI™, ending the quarter with 8,241 customers[6] - FOREWARN® user base grew by a record 51,259 users, totaling 236,639 users, with over 425 REALTOR® Associations contracted[6] - The number of billable customers for IDI increased to 8,241 in Q1 2024, up from 7,875 in Q4 2023, indicating a growth of 4.6%[25] - The number of FOREWARN users reached 131,348 in Q1 2024, showing an increase from 116,960 in Q4 2023[25] Cash and Share Repurchase - Cash and cash equivalents were $32.1 million as of March 31, 2024, reflecting a net increase in cash of $115[6] - Net cash provided by operating activities increased 181% to $4.3 million[6] - The company repurchased 291,879 shares at an average price of $19.81 per share, with $4.6 million remaining under the Stock Repurchase Program[6] Operational Metrics - Gross profit increased 20% to $11.5 million, maintaining a gross margin of 66%[6] - The adjusted EBITDA margin for Q1 2024 was 32%, up from 25% in Q1 2023[18] - The gross revenue retention rate for Q1 2024 was 93%, slightly down from 94% in Q4 2023[25] - The company plans to continue refining its supplemental metrics to enhance the understanding of its operating performance[24]

Red Violet, Inc. (NASDAQ:RDVT) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Company Participants Camilo Ramirez - Vice President of Finance & Investor Relations Derek Dubner - Chairman & 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 First Quarter 2024 Earnings Conference Call. At this time all participants are in a listen-only mode. Later we will conduct a qu ...