Red Violet, Inc. (RDVT) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in ea ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Inv ...

Financial Performance - Total revenue increased 20% to $17.5 million for Q1 2024 compared to Q1 2023[6] - Net income rose 149% to $1.8 million, resulting in earnings of $0.13 per share, with a net income margin increase to 10% from 5%[6] - Adjusted EBITDA increased 54% to $5.7 million, with an adjusted EBITDA margin rising to 32% from 25%[6] - Adjusted net income increased 36% to $3.2 million, resulting in adjusted earnings of $0.23 per share[6] - For the three months ended March 31, 2024, adjusted EBITDA was $5,689,000, compared to $3,706,000 for the same period in 2023, reflecting a 53.5% increase[18] - Revenue for the same period was $17,511,000, up from $14,626,000 in 2023, representing a 19.9% growth[18] - Adjusted net income increased to $3,153,000 in Q1 2024 from $2,322,000 in Q1 2023, marking a 35.7% rise[18] - Adjusted earnings per share (diluted) improved to $0.22 in Q1 2024, compared to $0.16 in Q1 2023, a 37.5% increase[18] - Free cash flow (FCF) for Q1 2024 was $1,913,000, a significant recovery from a negative FCF of $(786,000) in Q1 2023[20] Customer Growth - Added 366 customers to IDI™, ending the quarter with 8,241 customers[6] - FOREWARN® user base grew by a record 51,259 users, totaling 236,639 users, with over 425 REALTOR® Associations contracted[6] - The number of billable customers for IDI increased to 8,241 in Q1 2024, up from 7,875 in Q4 2023, indicating a growth of 4.6%[25] - The number of FOREWARN users reached 131,348 in Q1 2024, showing an increase from 116,960 in Q4 2023[25] Cash and Share Repurchase - Cash and cash equivalents were $32.1 million as of March 31, 2024, reflecting a net increase in cash of $115[6] - Net cash provided by operating activities increased 181% to $4.3 million[6] - The company repurchased 291,879 shares at an average price of $19.81 per share, with $4.6 million remaining under the Stock Repurchase Program[6] Operational Metrics - Gross profit increased 20% to $11.5 million, maintaining a gross margin of 66%[6] - The adjusted EBITDA margin for Q1 2024 was 32%, up from 25% in Q1 2023[18] - The gross revenue retention rate for Q1 2024 was 93%, slightly down from 94% in Q4 2023[25] - The company plans to continue refining its supplemental metrics to enhance the understanding of its operating performance[24]

Red Violet, Inc. (NASDAQ:RDVT) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Company Participants Camilo Ramirez - Vice President of Finance & Investor Relations Derek Dubner - Chairman & Chief Executive Officer Dan MacLachlan - Chief Financial Officer Conference Call Participants Josh Nichols - B. Riley Operator Good day, ladies and gentlemen and welcome to Red Violet's First Quarter 2024 Earnings Conference Call. At this time all participants are in a listen-only mode. Later we will conduct a qu ...

or 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, 2024 ☐ 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 ...

Exhibit 99.1 red violet Announces Fourth Quarter and Full Year 2023 Financial Results Fourth Quarter Revenue Increased 15% to $15.1 Million Producing $4.2 Million of Cash Flow from Operations Full Year 2023 Revenue Increased 13% to $60.2 Million Generating Net Income of $13.5 Million BOCA RATON, Fla. – March 7, 2024 – Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced financial results for the quarter and full year ended December 31, 2023. "We delivered ...

Red Violet, Inc. (NASDAQ:RDVT) Q4 2023 Earnings Conference Call March 7, 2024 4:30 PM ET Company Participants Camilo Ramirez - Vice President of Finance and IR Derek Dubner - Chairman and Chief Executive Officer Dan MacLachlan - Chief Financial Officer Conference Call Participants Operator Good day ladies and gentlemen and welcome to Red Violet's Fourth Quarter and Full Year 2023 Earnings Conference Call. At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer se ...

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, 2023 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 or ...

Red Violet, Inc. (NASDAQ:RDVT) Q3 2023 Earnings Conference Call November 7, 2023 4:30 PM ET Company Participants Camilo Ramirez - Vice President of Finance and IR Derek Dubner - Chairman and CEO Dan MacLachlan - CFO Conference Call Participants David Polansky - Immersion Investments LLC Operator Good day ladies and gentlemen. Welcome to Red Violet's Third Quarter Earnings Conference Call. At this time all participants are in listen-only mode. Later we will conduct a question-and-answer session. [Operator In ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ☐ 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 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, 2023 or RED VIOLET, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 82-2408531 (State or Other Jurisdiction ...