Financial Data and Key Metrics Changes - The company reported record revenue of $9.3 million for Q1 2020, a 62% increase compared to Q1 2019 [10][41] - Adjusted gross profit increased by 96% to $6 million, with adjusted gross margin rising to 65% from 53% [10][41] - Adjusted EBITDA was $1.7 million, compared to a negative $0.4 million in Q1 2019 [11][41] - Net loss for the quarter was $1.5 million, slightly higher than the $1.4 million loss in Q1 2019 [47] Business Line Data and Key Metrics Changes - Base revenue from existing customers grew by $3 million or 84%, while growth revenue from existing customers increased by $0.4 million or 46% [10][41] - The company added over 260 new customers to idiCORE and over 5,900 users to FOREWARN during the quarter [11][42] - Revenue attributable to customer contracts reached 69%, marking the highest percentage in the company's history [22][43] Market Data and Key Metrics Changes - The company experienced reduced transactional volume in the second half of March due to the COVID-19 pandemic [11][41] - Customers in the collections vertical paused or diminished activity due to concerns about predatory behavior and government moratoria [19] - In the real estate vertical, some customers postponed marketing efforts in anticipation of a decline in housing activity [21] Company Strategy and Development Direction - The company is committed to maintaining durable relationships with existing customers and strategically capturing market share during the transitional period [33] - The business model is described as durable and proven, with a strong focus on identity verification and fraud detection solutions during economic crises [25][28] - The company plans to continue expanding its business, entering new industries, and introducing new products and solutions [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the economic challenges posed by the pandemic and expects accelerated growth as the economy reopens [39][55] - The company has implemented cost containment strategies and has not furloughed or laid off any employees during the crisis [54] - Management anticipates that demand from affected customers will revert back to pre-crisis levels and potentially exceed them due to pent-up demand [23] Other Important Information - The company received a $2.2 million loan under the CARES Act, which may be forgiven if used for covered payroll costs, rents, and utility costs [53][55] - Cash and cash equivalents were $11.5 million at the end of Q1 2020, down slightly from $11.8 million at the end of 2019 [49] Q&A Session Summary Question: Are there any questions from participants? - There were no questions during the Q&A session [57]

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, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 Incorporation or Organization) (I. ...

Red Violet, Inc. (NASDAQ:RDVT) Q4 2019 Results Conference Call March 12, 2020 4:30 PM ET Company Participants Camilo Ramirez - IR Derek Dubner - CEO Dan MacLachlan - CFO Operator Good day ladies and gentleman and welcome to Red Violet fourth quarter 2019 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. [Operator Instructions] As a reminder, this call is being recorded. I would no ...

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, 2019 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) (State or other jurisdiction of incorporation or orga ...

TRANSFORMING DATA INTO INTELLIGENCE Overview November 2019 ® 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, Inc. (NASDAQ:RDVT) Q3 2019 Earnings Conference Call November 7, 2019 4:30 PM ET Company Participants Camilo Ramirez - Director of Finance and Investor Relations Derek Dubner - Chief Executive Officer Dan MacLachlan - Chief Financial Officer Conference Call Participants Ted Ketterer - TK Associates Operator Good day, ladies and gentlemen, and welcome to Red Violet's Third Quarter 2019 Earnings Conference Call. At this time all participants are in a listen only mode. Later we will conduct the ques ...

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 September 30, 2019 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) (561) 757-4000 (Registrant's Telephone Number, I ...

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, 2019 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 ...

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, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (561) 757-4000 (Registrant's Telephone Number, Including Area Code) None (Former name, former address and former fiscal year, if changed since last report) C ...

Financial Performance - For the year ended December 31, 2018, the company reported revenue of $16.3 million, a significant increase from $8.6 million in 2017, while net loss improved to $6.9 million from $21.5 million[18]. - The adjusted EBITDA for 2018 was negative $4.3 million, an improvement from negative $8.3 million in 2017[18]. Market Trends - The risk analytics software market is projected to grow to $35.9 billion by 2022, representing a CAGR of 15.3% from 2017 through 2022[21]. - The worldwide revenue for big data and business analytics services is expected to reach $260.0 billion in 2022, with a CAGR of 11.9% from 2017 through 2022[20]. Customer and Revenue Concentration - One customer accounted for 11% of total revenue in 2018, while no individual customer accounted for more than 10% of total revenue in 2017[40]. - The largest data supplier accounted for approximately 46% of total data acquisition costs in 2018, up from 43% in 2017[42]. Strategic Focus - The company aims to focus on continuous advancement of technology and data to enhance cross-selling and upselling opportunities[33]. - The company is committed to selective acquisitions to enhance shareholder value and advance strategic objectives[34]. - The company leverages its CORE platform to build massive proprietary datasets and apply analytics in real-time for actionable insights[26]. Competitive Landscape - The competitive landscape is characterized by constant change, with competition based on innovation, product stability, pricing, and customer service[35]. Workforce and Management - The company employs 95 full-time and 2 part-time employees as of December 31, 2018, with no labor organization representation[48]. - The management team has significant expertise in the big data and analytics sector, overseeing the transition from a development-focused to a sales-driven company[47]. - The executive team includes Derek Dubner as CEO, James Reilly as President, Daniel MacLachlan as CFO, and Jeff Dell as CIO, all with extensive industry experience[50][51][52][53][54]. Regulatory and Seasonal Factors - The company is subject to various federal, state, and local laws that could materially impact its information services and profitability[45]. - Seasonal fluctuations affect the company's results, particularly during the fourth quarter[46].