BOCA RATON, Fla., May 05, 2025 (GLOBE NEWSWIRE) -- Interactive Data, LLC ("IDI"), a red violet company (NASDAQ: RDVT) and leader in identity verification and risk mitigation, today announced a new integration with Ping Identity, a leader in securing digital identities for the world's largest enterprises, which leverages PingOne DaVinci™, a no-code identity orchestration service. The strategic relationship will expand industry access to IDI's leading AI/ML-powered technology platform and comprehensive identi ...

About red violet At red violet, we build proprietary technologies and apply analytical capabilities to deliver identity intelligence. Our technology powers critical solutions, which empower organizations to operate with confidence. Our solutions enable the real-time identification and location of people, businesses, assets and their interrelationships. These solutions are used for purposes including identity verification, risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, ...

Core Insights - FOREWARN, LLC, a subsidiary of red violet, announced a partnership with HiCentral MLS® to provide its services to over 6,000 real estate agents in Honolulu and Oahu, enhancing agent safety [1][3] - The FOREWARN service utilizes extensive data analysis to help agents verify identities, check criminal histories, and validate client information using just a phone number, thereby increasing safety during property showings [2][5] Company Overview - FOREWARN offers its services at no additional cost to HiCentral MLS® members, aligning with the organization's mission to equip agents with resources for safety and fraud mitigation [3] - The technology behind FOREWARN is designed to provide real-time knowledge and risk assessment, enabling safer engagements and smarter interactions for real estate professionals [5][6] Additional Information - Other real estate agencies and professionals can access more information about FOREWARN through its website [4] - Red violet focuses on delivering identity intelligence through proprietary technologies and analytical capabilities, supporting various applications including fraud detection and regulatory compliance [6]

BOCA RATON, Fla., April 04, 2025 (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 Little Rock REALTORS® Association ("LRRA") will offer FOREWARN® services to its 1,400+ members it serves throughout the Little Rock metropolitan area to promote proactive real estate agent safety. Available both online and through a mobile application, FOREWARN analyzes billions of data points and provi ...

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting the need for sound fundamentals and positive earnings estimates to maintain momentum. Group 1: Stock Performance - Red Violet, Inc. (RDVT) has shown a solid price increase of 7.1% over the past 12 weeks, indicating investor confidence in its potential upside [4] - The stock has also increased by 1.7% over the last four weeks, suggesting that the upward trend is still intact [5] - RDVT is currently trading at 84.7% of its 52-week high-low range, indicating a potential breakout [5] Group 2: Fundamental Strength - RDVT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7] Group 3: Investment Strategy - The article suggests using the "Recent Price Strength" screen to identify stocks like RDVT that are on an uptrend supported by strong fundamentals [3] - It mentions that there are over 45 Zacks Premium Screens available for investors to find winning stock picks based on their personal investing styles [8]

Core Insights - FOREWARN, LLC has partnered with Willamette Valley Multiple Listing Service (WVMLS) to provide real-time information solutions to over 3,000 real estate agents, enhancing agent safety [1][3] - The FOREWARN service allows agents to verify identities, search criminal histories, and validate client information using just a phone number, thus improving safety during property showings [2][5] - The service is offered at no additional cost to WVMLS members, promoting proactive safety measures in the real estate industry [2][3] Company Overview - FOREWARN specializes in providing innovative solutions for real estate professionals, focusing on safety and fraud prevention through real-time identity verification [3][5] - The technology leverages a vast data repository and powerful analytics to enable organizations to conduct risk assessments and due diligence efficiently [5][6] - Red Violet, the parent company of FOREWARN, develops proprietary technologies for identity intelligence, supporting various applications including fraud detection and regulatory compliance [6]

BOCA RATON, Fla., March 05, 2025 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced the appointment of Greg Strakosch to the red violet Board of Directors, effective March 4, 2025. "We are thrilled to welcome Greg to our Board of Directors," said Derek Dubner, Chairman and CEO of red violet. "His proven track record in scaling technology businesses and deep understanding of market dynamics will be invaluable as we continue to drive ou ...

Exhibit 99.1 red violet Announces Fourth Quarter and Full Year 2024 Financial Results Fourth Quarter Revenue Increased 30% to a Record $19.6 Million, Producing $6.7 Million of Cash Flow from Operations Full Year 2024 Revenue Increased 25% to $75.2 Million, Generating GAAP EPS of $0.50 BOCA RATON, Fla. – February 27, 2025 – Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced financial results for the fourth quarter and full year ended December 31, 2024. "W ...

Financial Data and Key Metrics Changes - The company reported record revenue for Q4 2024 of $19.6 million, representing a 30% increase year-over-year [10][27] - Adjusted gross profit for the quarter was $16.1 million, with an adjusted gross margin of 82%, up four percentage points from the previous year [11][27] - Adjusted EBITDA for Q4 2024 increased 68% to $4.5 million, resulting in an adjusted EBITDA margin of 23%, up five percentage points [11][27] - Adjusted net income rose 390% to $1.3 million for the quarter, leading to adjusted earnings of $0.09 per diluted share [11][35] - For the full year 2024, revenue increased 25% to $75.2 million, with adjusted gross profit of $61.2 million and adjusted EBITDA of $23.6 million, maintaining a 31% adjusted EBITDA margin [13][39] Business Line Data and Key Metrics Changes - The IDI segment saw growth across all verticals, particularly in financial and corporate risk, which experienced significant adoption of identity solutions [29] - The emerging markets vertical, including government, legal, retail, healthcare, and repossession, delivered solid double-digit revenue growth [30] - The collections vertical continued its upward trend with its fourth consecutive quarter of double-digit revenue growth [30] - The real estate vertical, excluding FOREWARN, returned to growth with single-digit revenue expansion in Q4 2024 [31] - FOREWARN achieved another quarter of double-digit revenue growth, marking its 19th consecutive quarter of sequential growth [31] Market Data and Key Metrics Changes - The company has a growing customer base with 8,926 IDI billable customers and over 303,418 users on FOREWARN [12][26] - Contractual revenue was 77% for the quarter, down 5 percentage points from the prior year, while gross revenue retention improved to 96%, up 4 percentage points [32] - The company is in early innings across its five key verticals, with significant growth potential in financial and corporate risk, collections, real estate, investigative, and emerging markets [70][75] Company Strategy and Development Direction - The company aims to maintain a customer-centric approach, focusing on delivering extraordinary value and expanding its competitive edge through its cloud-native platform [16][17] - Plans include enhancing data assets, increasing automation, and investing in AI initiatives to drive innovation and efficiency [20][21][22] - The company is committed to pushing the boundaries of innovation and maintaining a sense of urgency in its operations [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining momentum into 2025, driven by a strong sales pipeline and ongoing investments in strategic areas [46] - The company anticipates continued growth in existing customer relationships and new customer acquisitions, with a focus on higher-tier customers [50] - Management expects EBITDA margins to remain consistent with 2024 levels while continuing to invest in growth initiatives [80] Other Important Information - Cash and cash equivalents were $36.5 million at year-end 2024, an increase from $32 million at the end of 2023 [36] - The company generated $14.4 million in free cash flow for 2024, a 143% increase from the previous year [39] - A special cash dividend of $0.30 per share was announced, totaling $4.2 million, paid out on February 14, 2025 [38] Q&A Session Summary Question: How can the company build on momentum in 2025 to maintain elevated top-line growth? - Management highlighted strong brand awareness, a robust sales pipeline, and ongoing investments in strategic areas as key factors for sustaining growth [44][46] Question: What are the opportunities for expanding within the existing customer base versus new customers? - Management indicated a significant opportunity to extract more revenue from existing relationships while also pursuing new customer acquisitions [50] Question: Are the recent investments in sales and marketing generating a healthy ROI? - Management confirmed that they are beginning to see ROI from recent hires and expect consistent investment in sales and marketing in 2025 [55] Question: Can you provide details about new products and their potential benefits? - Management discussed ongoing product enhancements, including AI initiatives and expanded functionalities, aimed at improving customer interactions and data extraction [59]

Red Violet, Inc. (NASDAQ:RDVT) Q4 2024 Earnings Conference Call February 27, 2025 4:30 PM ET Company Participants Camilo Ramirez - Senior Vice President of Finance & Investor Relations Derek Dubner - Chairman & Chief Executive Officer Dan MacLachlan - Chief Financial Officer Conference Call Participants Josh Nichols - B. Riley Shawn Boyd - Next Mark Capital Operator Good day, ladies and gentlemen, and welcome to Red Violet's Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all parti ...