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FOREWARN to Provide Identity Verification Services to Memphis Area Association of REALTORS® to Promote Agent Safety
Globenewswire· 2026-02-19 13:00
The 3rd largest local REALTOR® Association in the state of Tennessee contracts to make FOREWARN services available for its 4,600+ real estate professional members to promote proactive agent safetyBOCA RATON, Fla., Feb. 19, 2026 (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 Memphis Area Association of REALTORS® (MAAR) is offering FOREWARN® services to its 4,600+ members to promote ...
red violet to Announce Fourth Quarter and Full Year 2025 Financial Results on March 4, 2026
Globenewswire· 2026-02-18 13:00
Core Insights - Red Violet, Inc. will report its financial results for Q4 and the full year ended December 31, 2025 on March 4, 2026 after U.S. market close [1] - An earnings call will be held on the same day at 4:30 PM ET to discuss the results and provide a business update [1] Participant Registration & Webcast Information - Participants must register to receive unique dial-in credentials for the earnings call, and a general dial-in number will not be provided [2] - The earnings call will be simultaneously webcast on the Investors section of the Red Violet website [2][3] - An archived version of the earnings call will be available on the website after the event [3] Company Overview - Red Violet specializes in analytics and information solutions, focusing on identity intelligence through proprietary technologies [4] - The company's solutions are utilized for identity verification, risk mitigation, due diligence, fraud detection, regulatory compliance, and customer acquisition [4] - The CORE™ platform is designed for enterprises and is adaptable for organizations of all sizes, transforming large datasets into actionable intelligence [4]
FOREWARN to Provide Identity Verification Services to Spokane REALTORS® to Promote Agent Safety
Globenewswire· 2026-01-15 13:00
Core Insights - Spokane REALTORS Association has contracted with FOREWARN to provide safety services to over 2,400 real estate professionals in the Spokane area [1][3] - FOREWARN offers real-time information solutions that analyze billions of data points to help agents verify identities, check criminal histories, and validate client information using just a phone number [2][5] Company Offerings - The FOREWARN services will be available to Spokane REALTORS members at no additional cost, enhancing agent safety and confidence during client interactions [2][3] - FOREWARN's technology enables organizations to conduct risk assessments and due diligence efficiently, ensuring safer engagements and smarter interactions [5][6] Industry Context - The real estate industry often involves agents interacting with unknown prospects, making safety a critical concern [3] - The partnership between Spokane REALTORS and FOREWARN represents a proactive approach to addressing safety and risk management in real estate transactions [1][3]
red violet to Present at the 28th Annual Needham Growth Conference
Globenewswire· 2026-01-05 13:00
Core Insights - Red Violet, Inc. will present at the 28th Annual Needham Growth Conference from January 8-16, 2026, with CEO Derek Dubner and CFO Dan MacLachlan hosting investor meetings on January 15, 2026 [1] Company Overview - Red Violet specializes in proprietary technologies and analytical capabilities to deliver identity intelligence, enabling organizations to operate with confidence [2] - The company's solutions facilitate real-time identification and location of people, businesses, assets, and their interrelationships, serving purposes such as identity verification, risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition [2] - Red Violet's intelligent platform, CORE™, is designed for enterprises but is flexible enough for organizations of all sizes, transforming massive datasets into actionable intelligence [2] - The company's solutions contribute to frictionless commerce, enhance safety, and reduce fraud-related expenses for society [2]
Red Violet (NasdaqCM:RDVT) FY Conference Transcript
2025-11-20 14:57
Summary of Red Violet Conference Call Company Overview - **Company Name**: Red Violet - **Ticker Symbol**: RDVT - **Industry**: Identity intelligence and data analytics - **Core Offering**: Cloud-native platform for identity verification, fraud detection, risk management, and compliance [1][2] Business Model and History - **Management Background**: The management team has nearly three decades of experience in the identity space, previously founding companies like SizenT and TransUnion [2][3] - **Cloud-Native Advantage**: Red Violet's cloud-native platform allows for scalability and flexibility, differentiating it from legacy competitors who struggle with technology updates [4] Use Cases and Verticals - **Key Verticals Served**: 1. **Collections**: Provides debt collectors with accurate contact information and bankruptcy status [5] 2. **Financial and Corporate Risk**: Background screening services for companies like Walmart to verify applicant data [6][7] 3. **Real Estate**: Offers safety solutions through the Forewarn app, which provides background checks for real estate agents [10][11] 4. **Investigative Services**: Supports law enforcement and private investigators in locating individuals and assets [12] 5. **Emerging Markets**: Focus on government contracts and potential growth in sectors like insurance [13] Financial Performance - **Revenue Model**: Predominantly contractual revenue, with 75% of revenue being contractual in nature [40] - **Free Cash Flow**: Last quarter's free cash flow was approximately $7 million, with adjusted EBITDA around $9 million [22] - **Cost Structure**: Fixed costs associated with data acquisition, with nearly 100% contribution margin on additional revenue [16] Growth Strategy - **M&A Strategy**: Filed a $150 million shelf for potential acquisitions, focusing on unique data assets and complementary technologies [23] - **Public Sector Focus**: Significant growth expected in public sector contracts, with a roadmap laid out for future revenue contributions [29][31] - **Background Screening Expansion**: Directly targeting end-users in the background screening space, with a notable contract expected to ramp up in 2026 [32][33] Competitive Landscape - **Main Competitors**: Direct competition with TransUnion and LexisNexis, with a focus on data quality and customer service [25][26] - **Market Position**: Red Violet has approximately 9,800 customers, compared to competitors with significantly larger customer bases [25] Technology and Innovation - **AI Integration**: Exploring the use of AI to enhance data processing and customer interactions, aiming for high confidence in identity verification [35][36] - **Data Quality**: Emphasis on high-quality data aggregation to improve customer outcomes and reduce inefficiencies [21][22] Key Challenges and Considerations - **Seasonality**: Revenue may experience seasonal fluctuations, particularly in Q4 due to fewer business days and year-end bonuses [40] - **Regulatory Compliance**: Maintaining compliance with regulations such as the Fair Credit Reporting Act while providing background checks [37] Conclusion - Red Violet is positioned for growth in multiple verticals, leveraging its cloud-native platform and strong management team to capitalize on emerging opportunities in identity verification and data analytics. The focus on public sector contracts and background screening services, combined with a robust financial position, suggests a positive outlook for future performance.
red violet Named to TIME's America's Growth Leaders of 2026 List
Globenewswire· 2025-11-07 14:30
Core Insights - Red Violet, Inc. has been named to TIME's list of "America's Growth Leaders of 2026," recognizing its growth performance, financial stability, and stock performance [1][2] - The recognition highlights Red Violet as one of the most dynamic and successful companies in the U.S., celebrating its continuous innovation and strong financial performance [2][3] Company Overview - Red Violet specializes in analytics and information solutions, focusing on identity intelligence through proprietary technologies and analytical capabilities [6] - The company's solutions are designed for identity verification, risk mitigation, fraud detection, regulatory compliance, and customer acquisition, utilizing its intelligent platform, CORE™ [6] Ranking Methodology - The ranking by TIME and Statista evaluated U.S.-based publicly traded companies based on three dimensions: Growth Performance, Financial Stability, and Stock Performance [4] - Growth Performance was assessed through five years of revenue expansion, while Financial Stability was measured using indicators like the Piotroski F-Score and Altman Z-Score [4]
red violet to Present at the Southwest IDEAS Investor Conference
Globenewswire· 2025-11-04 13:00
Company Announcement - Red Violet, Inc. will present at the Southwest IDEAS Investor Conference on November 19-20, 2025, in Dallas [1] - Camilo Ramirez, Senior Vice President of Finance and Investor Relations, will host investor meetings on November 20, 2025 [1] Company Overview - Red Violet specializes in analytics and information solutions, focusing on identity intelligence [2] - The company’s technology supports critical solutions for real-time identification and location of people, businesses, and assets [2] - Solutions provided by Red Violet include identity verification, risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition [2] - The CORE™ platform is designed for enterprises but is adaptable for organizations of all sizes, transforming large datasets into actionable intelligence [2] - Red Violet's solutions aim to facilitate frictionless commerce, enhance safety, and reduce fraud-related expenses [2]
FOREWARN to Provide Identity Verification Services to Massachusetts Association of REALTORS® to Promote Agent Safety
Globenewswire· 2025-11-03 13:00
Core Insights - FOREWARN, LLC has partnered with the Massachusetts Association of REALTORS® (MAR) to provide its services to over 22,000 members in Massachusetts, focusing on enhancing real estate agent safety [1][3]. Company Overview - FOREWARN offers real-time information solutions that analyze billions of data points to help real estate agents mitigate risks by verifying identities, searching criminal histories, and validating client information using just a phone number [2][5]. - The services provided by FOREWARN to MAR members come at no additional cost, promoting proactive safety measures for agents [2][3]. Industry Impact - The initiative aims to empower real estate agents with essential identity insights, helping them assess potential risks, prevent fraud, and conduct business with greater confidence [3]. - The technology behind FOREWARN is designed to enhance safety and reduce fraud in real estate transactions, which is critical for the industry [5][6].
FOREWARN to Provide Identity Verification Services to Salt Lake Board of REALTORS® to Promote Agent Safety
Globenewswire· 2025-10-29 12:00
Core Insights - The Salt Lake Board of REALTORS® has contracted with FOREWARN to provide its services to over 9,000 real estate professionals in Utah, enhancing agent safety [1][4] - FOREWARN offers real-time information solutions that analyze billions of data points to help agents verify identities, check criminal histories, and validate client information using just a phone number [2][6] - The services provided by FOREWARN will be available to members of the Salt Lake Board of REALTORS® at no additional cost [3] Company Overview - FOREWARN is a subsidiary of red violet, Inc. and specializes in providing identity intelligence and risk mitigation solutions for real estate agents [6][7] - The technology behind FOREWARN enables organizations to conduct due diligence, fraud detection, and regulatory compliance through powerful analytics and a vast data repository [7] Member Benefits - The introduction of FOREWARN services is aimed at empowering real estate agents with reliable identity insights, allowing them to identify potential risks and focus on client service with greater confidence [4] - Existing members of the Salt Lake Board of REALTORS® will receive instructions on how to activate their FOREWARN subscription as part of their membership benefits [4]
red violet to Announce Third Quarter 2025 Financial Results on November 5, 2025
Globenewswire· 2025-10-22 20:05
Core Insights - Red Violet, Inc. will report its financial results for Q3 2025 on November 5, 2025, after U.S. market close [1] - An earnings call will be held on the same day at 4:30 PM ET to discuss quarterly results and provide a business update [1] Participant Registration & Webcast Information - Participants must register to receive unique dial-in credentials for the earnings call, which will be webcast on the company's website [2][3] - It is advised to log in at least 15 minutes prior to the call for any necessary downloads [2] Company Overview - Red Violet specializes in analytics and information solutions, focusing on identity intelligence through proprietary technologies [4] - The company's solutions are utilized for identity verification, risk mitigation, fraud detection, and regulatory compliance, among other applications [4] - The CORE™ platform is designed for enterprises but is adaptable for organizations of all sizes, transforming large datasets into actionable intelligence [4]