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Red Violet: Growth Accelerates As The Company Moves Upmarket
RDVTRed Violet(RDVT) Seeking Alpha·2024-08-12 09:18

da-kuk Investment thesis In my previous article covering the company, I was bullish on Red Violet's (NASDAQ:RDVT) growth prospects for its core products IDI and Forewarn. I also anticipated significant margin expansion as the company leveraged its largely fixed cost business model. Shares have risen more than 50% since then and in this article I acknowledge that while the company faces increased risks as it ventures further upmarket, the opportunities could be transformative. Additionally, Red Violet surpas ...