Financial Performance - Revenue for the years ended December 31, 2024 and 2023 was $75.2 million and $60.2 million, respectively, representing a year-over-year increase of 25%[18] - Net income for 2024 was $7.0 million compared to $13.5 million in 2023, which included a one-time deferred income tax benefit of $10.3 million[18] - Adjusted EBITDA increased from $16.4 million in 2023 to $23.6 million in 2024, reflecting a growth of 43.9%[18] Market Outlook - The global big data analytics market is projected to reach $924.4 billion by 2032, with a CAGR of 13.0% from 2024 to 2032[20] - The risk analytics market is expected to grow to $180.9 billion by 2029, with a CAGR of 24.8% from 2024 to 2029[21] Data Supplier Relationships - The company’s largest data supplier accounted for 45% and 48% of total data acquisition costs for the years ended December 31, 2024 and 2023, respectively[40] - The remaining minimum purchase commitments with the largest data supplier through the end of the amended term is $8.1 million as of December 31, 2024[40] Product Development and Competition - The company aims to enhance functionality and develop new products to improve customer experience and decision-making capabilities[33] - The company’s cloud-native, AI/ML-driven platform allows for the assimilation and structuring of billions of records, providing real-time identity intelligence[27] - The company faces competition from various data and analytics suppliers, which may lead to price competition and reduced profit margins[37] Workforce and Management - The company employs a total of 215 full-time employees as of December 31, 2024, with no labor organization representation[46] - The management team has a strong track record and expertise in the data and analytics sector, positioning the company for organic growth[45] - The company has not experienced significant difficulties in attracting or retaining qualified employees, despite intense competition in the sector[46] - The executive team includes experienced leaders such as Derek Dubner (CEO), James Reilly (President), Daniel MacLachlan (CFO), and Jeff Dell (CIO), all of whom have extensive backgrounds in the industry[49][50][51][52] Operational Challenges - The company is subject to various federal, state, and local laws, which could materially impact its operations and costs if regulations change[43] - The company’s results are subject to seasonal fluctuations, particularly in the fourth quarter[44] Organizational Changes - The company has successfully transitioned from a development-focused to a sales-driven organization, enhancing its growth potential[45] - The company has maintained good relations with employees and has not experienced any work stoppages[46] - The company spun off its risk management business in March 2018, creating a separate entity for its shareholders[47] Corporate Governance - The company’s corporate website provides access to its financial reports, which are filed with the SEC[48]

Company Presentation February 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 meas ...

Core Insights - Red Violet, Inc. reported a record fourth quarter revenue of $19.6 million, representing a 30% increase year-over-year, and a full year revenue of $75.2 million, up 25% from the previous year [1][4][14] - The company achieved a net income of $0.9 million in Q4 2024, compared to a net loss of $1.1 million in Q4 2023, resulting in earnings of $0.06 per share [4][20] - Adjusted EBITDA for the fourth quarter increased by 68% to $4.5 million, with an adjusted EBITDA margin of 23% [4][19] Fourth Quarter Financial Results - Total revenue for Q4 2024 was $19.6 million, a 30% increase from Q4 2023 [4] - Gross profit rose 43% to $13.7 million, with a gross margin improvement to 70% from 64% [4] - Adjusted gross profit increased 37% to $16.1 million, with an adjusted gross margin of 82% [4] - Net income was $0.9 million, translating to a net income margin of 4% compared to a net loss margin of 7% in the prior year [4] - Cash from operating activities increased 59% to $6.7 million [4] Full Year Financial Results - Full year revenue for 2024 reached $75.2 million, a 25% increase from $60.2 million in 2023 [4][14] - Gross profit for the year was $51.8 million, up 33%, with a gross margin of 69% [4] - Net income for the year was $7.0 million, down from $13.5 million in 2023, resulting in earnings of $0.51 per share [4][14] - Adjusted EBITDA for the full year increased 44% to $23.6 million, with an adjusted EBITDA margin of 31% [4][19] Business Highlights - The company added 183 customers to its IDI™ platform in Q4, ending the year with 8,926 customers [4] - FOREWARN user base grew by 18,451 in Q4, totaling 303,418 users, with over 525 REALTOR Associations contracted [4] - The onboarding of higher-tier customers continued, with 96 customers contributing over $100,000 in revenue in 2024, compared to 72 in 2023 [4] - The company repurchased 292,744 shares of common stock in 2024 at an average price of $19.81 per share [5]

Core Insights - FOREWARN, LLC has partnered with the Denver Metro Association of REALTORS (DMAR) to provide its services to over 7,000 real estate professionals in the Denver area, focusing on enhancing agent safety [1][2][3] Company Overview - FOREWARN is a leading provider of real-time information solutions for real estate agents, utilizing advanced analytics to analyze billions of data points for identity verification, criminal history checks, and client information validation [2][5] - The services offered by FOREWARN are available to DMAR members at no additional cost, promoting proactive safety measures for real estate agents [2][3] Industry Context - The partnership addresses evolving challenges in safety and fraud prevention within the real estate industry, emphasizing the importance of equipping agents with the right resources [3] - The use of FOREWARN's technology aims to provide agents with confidence and security in their daily operations, thereby enhancing overall safety in real estate transactions [3][5]

Core Insights - Red Violet, Inc. will report its financial results for Q4 and the full year ended December 31, 2024 on February 27, 2025 after U.S. market close [1] - The earnings call is scheduled for February 27, 2025 at 4:30pm ET, where the company will discuss its results and provide a business update [1] Participant Registration & Webcast Information - Participants must register to receive unique dial-in credentials for the earnings call, and a general dial-in number will not be provided [2][3] - The earnings call will be simultaneously webcast on the Investors section of the Red Violet website [2][3] Company Overview - Red Violet specializes in analytics and information solutions, focusing on identity intelligence through proprietary technologies and analytical capabilities [4] - The company's solutions are utilized for identity verification, risk mitigation, due diligence, fraud detection, regulatory compliance, and customer acquisition [4] - Red Violet's intelligent platform, CORE™, is designed for enterprises and can handle massive datasets, transforming data into actionable intelligence [4]

Core Insights - FOREWARN, LLC has partnered with the Greater Fort Worth Association of REALTORS® (GFWAR) to provide its services to over 4,000 real estate professionals in the Greater Fort Worth area, focusing on proactive agent safety [1][2][3] Company Overview - FOREWARN offers a platform that analyzes billions of data points to help real estate agents mitigate risks by verifying identities, searching criminal histories, and validating client information using just a phone number [2][5] - The services provided by FOREWARN are available to GFWAR members at no additional cost, enhancing agent safety and confidence during property showings [2][3] Industry Context - The initiative reflects a growing emphasis on safety and fraud prevention within the real estate industry, as agents face various risks in their daily operations [3][5] - Suzanne Westrum, CEO of GFWAR, emphasized the importance of providing members with advanced resources like FOREWARN to address safety and fraud-related risks [3]

Core Insights - FOREWARN, LLC has partnered with the Greater Baltimore Board of REALTORS® to provide its services to over 5,000 real estate professionals in the Baltimore area, focusing on agent safety [1][2][3] - The FOREWARN service analyzes billions of data points to help real estate agents verify identities, check criminal histories, and validate client information using just a phone number, enhancing safety during property showings [2][5] - GBBR members will have access to FOREWARN services at no additional cost, reinforcing the association's commitment to member safety and risk mitigation [2][3] Company Overview - FOREWARN is a leading provider of real-time information solutions for real estate agents, leveraging powerful analytics and a vast data repository to ensure safer engagements and smarter interactions [5][6] - The technology developed by red violet, the parent company of FOREWARN, focuses on identity intelligence and risk mitigation, enabling organizations to operate with confidence [6]

Core Viewpoint - The article emphasizes the importance of identifying and maintaining trends in short-term investing, highlighting that sound fundamentals and positive earnings estimates are crucial for sustaining momentum in stocks [1]. Group 1: Stock Screening and Selection - The "Recent Price Strength" screen is a unique short-term trading strategy that helps identify stocks with strong fundamentals capable of maintaining an uptrend [2]. - Red Violet, Inc. (RDVT) is highlighted as a suitable candidate that has shown a solid price increase of 28.8% over the past 12 weeks, indicating investor confidence [3]. - RDVT has also experienced a price increase of 14.4% over the last four weeks, confirming that the upward trend is still intact [4]. Group 2: Technical Indicators - RDVT is currently trading at 90.6% of its 52-week high-low range, suggesting it may be on the verge of a breakout [4]. - The stock carries 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 [5]. Group 3: Analyst Recommendations - The Zacks Rank stock-rating system has a strong track record, with Zacks Rank 1 stocks averaging an annual return of +25% since 1988, indicating the effectiveness of this ranking system [6]. - RDVT has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [6]. Group 4: Additional Opportunities - Besides RDVT, there are several other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting further investment opportunities [7]. - The article mentions that there are over 45 Zacks Premium Screens available for investors to find winning stock picks based on their personal investing styles [7].

Core Insights - FOREWARN, LLC, a subsidiary of red violet, has partnered with Bluegrass REALTORS® to provide its real-time information solutions to over 4,000 members in Central and Southern Kentucky, enhancing real estate agent safety [1][3]. Company Overview - FOREWARN offers a service that analyzes billions of data points to help real estate agents mitigate risks by verifying identities, searching criminal histories, and validating client information using just a phone number [2][5]. - The service is available online and through a mobile application, allowing agents to plan showings with greater confidence [2]. Service Details - The FOREWARN services will be provided to Bluegrass REALTORS® members at no additional cost, emphasizing the association's commitment to member safety and fraud prevention [3]. - Richard Gibbens, CEO of Bluegrass REALTORS®, highlighted the importance of streamlined identity verification in addressing safety and fraud concerns [3]. Additional Information - Other real estate agencies, agents, and appraisers can access more information about FOREWARN through its website [4]. - Red violet focuses on building proprietary technologies and analytical capabilities to deliver identity intelligence, which supports various applications including risk mitigation and fraud detection [6].

Core Insights - Red Violet, Inc. has declared a special cash dividend of $0.30 per share, amounting to approximately $4.2 million, payable on February 14, 2025, to shareholders of record as of January 31, 2025 [1][2] - The special dividend reflects the company's strong operational performance and financial resilience, allowing for ongoing investments in innovation and market expansion while enhancing shareholder returns [2][3] - The company has allocated $15.0 million to share buybacks, with $10.4 million already spent to repurchase 538,484 shares at an average price of $19.36 per share since May 2022 [4] Financial Performance - Red Violet's ability to generate significant cash flow has been highlighted as a key factor in funding investments and enhancing shareholder returns [2][3] - The company continues to build its cash position to record levels while maintaining a disciplined capital allocation strategy [2][4] Strategic Initiatives - The company is committed to investing in technology, infrastructure, security, and go-to-market capabilities to ensure long-term competitiveness and sustainability [4] - The CEO emphasized the importance of the special dividend as a commitment to delivering shareholder value while maintaining flexibility for strategic growth initiatives [3]