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 ...

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]

Group 1: Earnings Performance - Red Violet, Inc. reported quarterly earnings of $0.28 per share, exceeding the Zacks Consensus Estimate of $0.19 per share, and up from $0.10 per share a year ago, representing an earnings surprise of 47.37% [1] - The company posted revenues of $19.06 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 8.71%, compared to $14.68 million in the same quarter last year [2] - Over the last four quarters, Red Violet has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - Red Violet shares have increased approximately 13.9% since the beginning of the year, outperforming the S&P 500's gain of 9.9% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The current consensus EPS estimate for the coming quarter is $0.22 on revenues of $18.22 million, and $0.70 on revenues of $70.4 million for the current fiscal year [7] Group 3: Industry Context - The Internet - Software and Services industry, to which Red Violet belongs, is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5] - The Zacks Rank for Red Violet is currently 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6]

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 " ...

Core Viewpoint - Red Violet, Inc. (RDVT) is showing potential for bullish movement due to a recent "golden cross" in its moving averages, indicating a possible breakout [1][2] Technical Analysis - RDVT's 50-day simple moving average has crossed above its 200-day simple moving average, forming a "golden cross" [1] - This technical pattern is typically associated with bullish breakouts, as it suggests a positive trend reversal [1] - The stock has increased by 18.8% over the past four weeks, indicating upward momentum [1] Earnings Outlook - The earnings outlook for RDVT is positive, with no earnings estimates decreasing in the past two months and one revision higher [1] - The Zacks Consensus Estimate for earnings has also increased, further supporting the bullish case for RDVT [1]

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 ...