Red Violet(RDVT)
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Red Violet(RDVT) - 2021 Q3 - Quarterly Report
2021-11-09 21:56
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) 2650 North Military Trail, Suite 300, Boca Raton, Florida 33431 (Address of Principal Executive Offices) (Zip Code) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (561) 757-4000 For the quarterly period ended September 30, 2021 or For the transition period from to ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number ...
Red Violet(RDVT) - 2021 Q2 - Earnings Call Transcript
2021-08-12 01:51
Financial Data and Key Metrics Changes - The company reported record revenue of $10.9 million, a 54% increase compared to the second quarter of the previous year [7][18] - Adjusted gross profit increased by 83% to $8.2 million, with adjusted gross margin rising to 75% from 63% year-over-year [7][19] - Adjusted EBITDA reached a record $3.1 million, up 245% compared to the prior year [7][19] - Net income for the second quarter was $1.8 million, compared to a loss of $2.5 million in the previous year [23] Business Line Data and Key Metrics Changes - Platform revenue increased by 54% to $10.6 million, while services revenue rose by 46% to $0.3 million [7][18] - The company added 239 new IDI customers, ending the quarter with a total of 6,141 customers [7][20] - FOREWARN added over 8,700 users, bringing the total to 67,578 users [8] Market Data and Key Metrics Changes - Contractual revenue was reported at 81%, marking a 2 percentage point increase from the previous year [20] - Revenue attrition percentage improved to 6%, down from 11% in the prior year [20] Company Strategy and Development Direction - The company is focused on expanding its capabilities in the identity verification space and enhancing its technology to maintain a competitive edge [10][11] - New appointments, including Jim Greenwell as General Manager of Identity and James Frasche as EVP, Property Solutions, are aimed at strengthening the company's position in the market [11][13] - The company aims to leverage its strong cash generation to execute its long-term strategy and enhance its value proposition [10][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's positioning and the health of the business, highlighting strong demand for their solutions [6][27] - The company anticipates continued improvement in financial metrics and is excited about opportunities in the identity space [27][36] Other Important Information - The CARES Act loan was fully forgiven, resulting in a one-time gain of $2.2 million [23] - Cash and cash equivalents were reported at $13.9 million as of June 30, 2021, compared to $13 million at the end of 2020 [24] Q&A Session Summary Question: Can the company drive adjusted gross margin materially higher? - Management confirmed that they can continue to drive adjusted gross margin higher, potentially approaching 90% in the next year or two due to the fixed nature of revenue costs [32]
Red Violet(RDVT) - 2021 Q2 - Quarterly Report
2021-08-11 21:04
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, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38407 RED VIOLET, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 82-2408531 (State or Other Jurisdiction of I ...
Red Violet(RDVT) - 2021 Q1 - Earnings Call Transcript
2021-05-12 00:20
Red Violet, Inc. (NASDAQ:RDVT) Q1 2021 Results Earnings Conference Call May 11, 2021 4:30 PM ET Company Participants Camilo Ramirez - Director of Finance and Investor Relations Derek Dubner - Chairman and Chief Executive Officer Dan MacLachlan - Chief Financial Officer Conference Call Participants Operator Good day, ladies and gentlemen. And welcome to the Red Violet's First Quarter and 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct a question- ...
Red Violet(RDVT) - 2021 Q1 - Quarterly Report
2021-05-11 20:56
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 March 31, 2021 or (561) 757-4000 (Registrant's Telephone Number, Including Area Code) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38407 RED VIOLET, INC. (Exact Name of Registrant as Specified ...
Red Violet(RDVT) - 2020 Q4 - Earnings Call Presentation
2021-03-11 18:48
TRANSFORMING DATA INTO INTELLIGENCE Overview March 2021 ® Company Cautionary Statement This presentation contains "forward-looking statements," as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipate," "believes," "should," "intends," "estimates," and other words of similar meaning. Such forward-looking statements include non-historical statements about our expec ...
Red Violet(RDVT) - 2020 Q4 - Earnings Call Transcript
2021-03-11 01:43
Red Violet, Inc. (NASDAQ:RDVT) Q4 2020 Earnings Conference Call March 10, 2021 4:30 PM ET Company Participants Camilo Ramirez - Director of Finance and Investor Relations Derek Dubner - Chairman and Chief Executive Officer Dan MacLachlan - Chief Financial Officer Conference Call Participants Operator Good day, ladies and gentlemen. And welcome to the Red Violet's Fourth Quarter and Full Year 2020 Earnings Conference Call. [Operator instructions] As a reminder, this call is being recorded. I would now like t ...
Red Violet(RDVT) - 2020 Q4 - Annual Report
2021-03-10 21:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | Title of each class | Trading Symbol (s) | Name of each exchange on which registered | | --- | --- | --- | | Common Stock, $0.001 par value per share | RDVT | The NASDAQ Stock Market LLC | Fo ...
Red Violet(RDVT) - 2020 Q3 - Earnings Call Presentation
2020-11-12 00:18
TRANSFORMING DATA INTO INTELLIGENCE Overview November 2020 ® Company Cautionary Statement This presentation contains "forward-looking statements," as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipate," "believes," "should," "intends," "estimates," and other words of similar meaning. Such forward-looking statements include non-historical statements about our ex ...
Red Violet(RDVT) - 2020 Q3 - Earnings Call Transcript
2020-11-11 01:02
Red Violet, Inc. (NASDAQ:RDVT) Q3 2020 Earnings Conference Call November 10, 2020 4:30 PM ET Company Participants Camilo Ramirez - Director, Finance & Investor Relations Derek Dubner - Chairman & Chief Executive Officer Dan MacLachlan - Chief Financial Officer Conference Call Participants Scott Billeadeau - Walrus Partners Operator Good day, ladies and gentlemen, and welcome to Red Violet's Third Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen only mode. Later we will c ...