BOCA RATON, Fla., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Interactive Data, LLC ("IDI"), a red violet company (NASDAQ: RDVT), and trailblazer in identity verification and risk mitigation, today announced it has been awarded the General Services Administration (GSA) MAS8F 47QSWA18D008F contract (https://www.carahsoft.com/idi) through its strategic alliance with Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®. As of August 6, 2024, government agencies are now able to procure IDI's next-gen ...

Company Overview - Red Violet is an industry-leading identity intelligence solutions provider, offering scalable analytics, proprietary technology, and actionable insights[8] - The company serves over 8,450 customers as of Q2 2024 TTM (Trailing Twelve Months)[9] - Red Violet estimates a total addressable market (TAM) exceeding $10 billion[9] Financial Performance - Red Violet achieved 30% revenue growth in Q2 2024 TTM[9] - The company's Q2 2024 TTM adjusted EBITDA reached $21 million[9] - The adjusted EBITDA margin for Q2 2024 TTM was 30%[9] - The gross revenue retention rate for Q2 2024 was 94%[9] - Red Violet's adjusted gross margin for Q2 2024 was 82%[21] Growth and Strategy - Red Violet's revenue has grown at a compound annual growth rate (CAGR) of 38% from 2017 to 2023[41] - The company's adjusted EBITDA has grown at a CAGR of 71% from 2019 to 2023[43] - Red Violet's platform, CORE, unifies disparate data to provide actionable identity intelligence for various use cases, including fraud prevention and identity verification[18]

Red Violet, Inc. (RDVT) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 47.37%. A quarter ago, it was expected that this company would post earnings of $0.06 per share when it actually produced earnings of $0.22, delivering a surprise of 266.67%. Over the last four quarters, the comp ...

BOCA RATON, Fla., July 30, 2024 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ:RDVT), a leading analytics and information solutions provider, announced today that it will report its financial results for the second quarter ended June 30, 2024 after the close of the U.S. financial markets on Wednesday, August 7, 2024. The Company will host its earnings call on Wednesday, August 7, 2024 at 4:30pm ET to discuss its quarterly results and provide a business update. The participant registration and webcast informat ...

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 " ...

Red Violet, Inc. (RDVT) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, RDVT's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average. T ...

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. ...