Financial Data and Key Metrics Changes - Total revenue for Q1 2022 was $12.7 million, a 25% increase year-over-year, marking the highest quarterly revenue ever [12][20] - Adjusted gross profit reached a record $9.6 million, resulting in a margin of 75%, up 2 percentage points from the previous year [12][29] - Adjusted EBITDA for the quarter was $3.2 million, a 12% increase over the prior year, with an adjusted EBITDA margin of 25% compared to 28% in the prior year [12][20][25] - Net income for the quarter was $0.1 million, compared to a loss of $0.6 million in the prior year [32][33] - Cash and cash equivalents were $34.8 million at March 31, 2022, compared to $34.3 million at December 31, 2021 [34] Business Line Data and Key Metrics Changes - Platform revenue increased 24% to a record $12.2 million, while services revenue was up 27% to $0.5 million [12][20] - The IDI billable customer base grew by 44 customers sequentially, ending the quarter at 6,592 customers [14][26] - FOREWARN added 9,071 users during the first quarter, ending with 91,490 users, with over 200 realtor associations contracted to use the service [14][26] Market Data and Key Metrics Changes - Revenue attrition percentage improved to 3% compared to 7% in the prior year, with contractual revenue at 77% compared to 80% in the prior year [28] - The company experienced a negative impact of $0.5 million in Q1 due to the acquisition of a strategic integration customer, which previously contributed $0.6 million per quarter [13][23] Company Strategy and Development Direction - The company is focused on reinvesting strong cash flows into the business to bolster its foundation and execute its product roadmap [10] - A $5 million share repurchase program has been authorized to provide strategic capital allocation options [15] - The company aims to maintain healthy adjusted EBITDA margins while investing in growth, with expectations of margins between 20% to 25% [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to capitalize on competitive advantages as digital transactions expand [9] - The team is optimistic about the operational leverage of the business model, allowing for investments in growth with minimal impact on profitability [25] - The company is excited about the potential accomplishments in 2022 and beyond, with a strong pipeline and customer-centric solutions [36] Other Important Information - The company added 27 team members in Q1, including 18 in technology, to enhance product delivery and market capabilities [18][19] - Cash used in investing activities was $1.9 million, primarily for software development [35] Q&A Session Summary - No specific questions or answers were provided in the transcript, as the session concluded with a statement on the company's strong performance and competitive advantages [37]

red violet. Company Overview May 2022 © R e d V i o l e t , I n c . A l l R i g h t s R e s e r v e d . 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 ...

FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 For the quarterly period ended March 31, 2022 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 ...

Red Violet, Inc. (NASDAQ:RDVT) Q4 2021 Earnings Conference Call March 9, 2022 4:30 PM ET Company Participants Camilo Ramirez - Director of Finance & IR Derek Dubner - Chairman & CEO Daniel MacLachlan - CFO Conference Call Participants Walter Bellinger - Mayflower Capital Brandon Osten - Venator Capital Management Operator Good day ladies and gentlemen, and welcome to Red Violet's Fourth Quarter and Full Year 2021 Earnings Conference Call. At this time all participants are in a listen-only mode, later we wil ...

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, 2021 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 ...

Financial Data and Key Metrics Changes - The company reported record revenue of $11.7 million, a 26% increase compared to the same quarter last year [10][24] - Adjusted gross profit increased by 35% to $8.9 million, with adjusted gross margin rising to 76% from 71% [10][26] - Adjusted EBITDA reached a record $3.6 million, up 73% year-over-year, with an adjusted EBITDA margin of 31% compared to 23% in the prior year [10][26] - The company achieved its first quarter of GAAP profitability without a one-time gain, generating $1.3 million in net income, translating to earnings of $0.09 per diluted share [10][28] Business Line Data and Key Metrics Changes - Platform revenue increased by 26% to $11.3 million, while services revenue rose by 24% to $0.4 million [10][24] - The idiCORE billable customer base grew by 173 customers sequentially, ending the quarter with 6,314 customers [26] - FOREWARN added approximately 6,800 users, ending the quarter with 74,377 users [26] Market Data and Key Metrics Changes - Contractual revenue for the quarter was 80%, a 12 percentage point increase over the prior year [27] - Revenue attrition percentage improved to 5% from 10% in the prior year, with expectations to trend between 5% and 10% in the foreseeable future [27] Company Strategy and Development Direction - The company is executing a multi-year strategic roadmap, focusing on expanding its cloud-native platform and data-driven solutions [9][12] - Recent hires include executives to lead expansion in the public sector and financial services, indicating a focus on these growth verticals [14][15] - The company aims to leverage its technology and data assets to enhance consumer access to services while addressing fraud [13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong demand for solutions and a solid cash generation to invest in business expansion [17][20] - The company anticipates continued growth in 2022 and beyond, driven by digital transformation and the need for fraud capture [44][45] Other Important Information - The company generated $3.5 million in cash from operating activities in Q3 2021, with cash and cash equivalents totaling $13.4 million as of September 30, 2021 [11][29] - Cash used in investing activities was primarily for software development, totaling $3.8 million for the nine months ended September 30, 2021 [30] Q&A Session Summary Question: Insights on fintech and public sector sales pipeline - Management acknowledged the early stages of expansion into fintech and public sector, emphasizing the potential for growth and the importance of identity verification in these sectors [33][34][36] Question: Concerns about data provider contract and cost structure - Management confirmed flexible terms with their largest data provider, having renewed the contract for another five years without significant changes to costs [40][41][42]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) 2650 North Military Trail, Suite 300, Boca Raton, Florida 33431 (Address of Principal Executive Offices) (Zip Code) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (561) 757-4000 For the quarterly period ended September 30, 2021 or For the transition period from to ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number ...

Red Violet, Inc. (NASDAQ:RDVT) Q2 2021 Earnings Conference Call August 11, 2021 4:30 PM ET Company Participants Camilo Ramirez - Investor Relations Derek Dubner - Chairman and Chief Executive Officer Dan MacLachlan - Chief Financial Officer Operator Good day, ladies and gentlemen and welcome to Red Violet’s Second Quarter 2021 Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded. I would now like to introduce your host for today’s conference, Camilo Ramirez, Director ...

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, 2021 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 ...

Red Violet, Inc. (NASDAQ:RDVT) Q1 2021 Results Earnings Conference Call May 11, 2021 4:30 PM ET Company Participants Camilo Ramirez - Director of Finance and Investor Relations Derek Dubner - Chairman and Chief Executive Officer Dan MacLachlan - Chief Financial Officer Conference Call Participants Operator Good day, ladies and gentlemen. And welcome to the Red Violet's First Quarter and 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct a question- ...