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red violet to Present at the Raymond James TMT and Consumer Conference
Globenewswire· 2025-11-11 13:00
Group 1 - Red Violet, Inc. will present at the Raymond James TMT and Consumer Conference from December 8-10, 2025, in New York [1] - CEO Derek Dubner and CFO Dan MacLachlan will host investor meetings on December 9, 2025 [1] Group 2 - Red Violet specializes in proprietary technologies and analytical capabilities to deliver identity intelligence [2] - The company's solutions are utilized for 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 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 Announces Third Quarter 2025 Financial Results
Globenewswire· 2025-11-05 21:05
Core Insights - Red Violet, Inc. reported a record revenue increase of 21% to $23.1 million for the quarter ended September 30, 2025, alongside a significant net income increase of 145% to $4.2 million [1][7][19] - The company announced a $15 million increase to its share repurchase program, bringing the total authorized amount to $30 million [1][7] Financial Performance - Total revenue increased by 21% to $23.1 million compared to $19.1 million in the same quarter of the previous year [7][21] - Gross profit rose by 26% to $16.8 million, with gross margin improving to 73% from 70% [7][23] - Adjusted gross profit increased by 23% to $19.4 million, with adjusted gross margin rising to 84% from 83% [7][23] - Net income surged by 145% to $4.2 million, resulting in earnings of $0.30 and $0.29 per basic and diluted share, respectively [7][15] - Adjusted EBITDA grew by 35% to $9.0 million, with adjusted EBITDA margin increasing to 39% from 35% [7][21] Customer Metrics - The company added 304 customers to its IDI platform during the third quarter, ending with a total of 9,853 customers [7][31] - FOREWARN saw an addition of 25,538 users, bringing the total to 372,209 users, with over 590 REALTOR Associations contracted to use the service [7][31] Cash Flow and Liquidity - Net cash provided by operating activities increased by 40% to $10.2 million [7][16] - Cash and cash equivalents stood at $45.4 million as of September 30, 2025, compared to $36.5 million at the end of the previous year [7][12] Shareholder Returns - The company repurchased 15,437 shares at an average price of $42.26 per share during the third quarter [7][19] - The total remaining under the Stock Repurchase Program is $18.9 million [7][19]
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]
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]
red violet to Present at the Midwest IDEAS Investor Conference
Globenewswire· 2025-08-21 20:05
Core Insights - Red Violet, Inc. will present at the Midwest IDEAS Investor Conference on August 26-27, 2025, in Chicago [1] - Camilo Ramirez, Senior Vice President of Finance and Investor Relations, will lead the presentation and host investor meetings on August 27, 2025 [1] Company Overview - Red Violet specializes in analytics and information solutions, focusing on identity intelligence through proprietary technologies [2] - The company's solutions facilitate real-time identification and location of individuals, businesses, and assets, serving purposes such as identity verification, risk mitigation, and fraud detection [2] - The intelligent platform, CORE™, is designed for enterprises but adaptable for organizations of all sizes, transforming large datasets into actionable intelligence [2]
red violet Announces Second Quarter 2025 Financial Results
Globenewswire· 2025-08-06 20:05
Core Insights - Red Violet, Inc. reported a 14% increase in revenue to $21.8 million for the quarter ended June 30, 2025, alongside a record cash flow from operations of $7.5 million [1][6]. Financial Performance - Total revenue increased by 14% to $21.8 million compared to $19.1 million in the same quarter last year [6]. - Gross profit rose by 18% to $15.7 million, with gross margin improving to 72% from 70% [6]. - Adjusted gross profit increased by 17% to $18.2 million, and adjusted gross margin improved to 84% from 82% [6]. - Net income grew by 2% to $2.7 million, resulting in earnings of $0.19 per basic share and $0.18 per diluted share [6]. - Adjusted EBITDA increased by 12% to $7.6 million, with adjusted EBITDA margin slightly decreasing to 35% from 36% [6]. - Net cash provided by operating activities surged by 31% to $7.5 million [6]. Customer Metrics - The company added 308 customers to its IDI platform during the second quarter, bringing the total to 9,549 customers [6]. - FOREWARN saw an addition of 21,335 users, ending the quarter with 346,671 users, with over 575 REALTOR Associations contracted to use the service [6]. Market Position and Strategy - The CEO expressed confidence in the company's ability to continue driving revenue growth and capitalize on significant opportunities ahead, highlighting strong customer onboarding and demand [2][6]. - The company has been successful in attracting higher-tier customers, with total customer spend increasing across key revenue cohorts [6].
red violet to Announce Second Quarter 2025 Financial Results on August 6, 2025
Globenewswire· 2025-07-23 12:00
Core Insights - Red Violet, Inc. will report its financial results for the second quarter ended June 30, 2025, after the close of U.S. financial markets on August 6, 2025 [1] - The earnings call is scheduled for August 6, 2025, at 4:30 PM ET, where the company will discuss its 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, 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 webcast of the earnings call will be available on the Investors section of the Red Violet website after the call [3] Company Overview - Red Violet specializes in analytics and information solutions, focusing on identity intelligence through proprietary technologies and analytical capabilities [4] - The company's solutions are utilized for identity verification, risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition [4] - Red Violet's intelligent platform, CORE™, is designed for enterprises and is adaptable for organizations of all sizes, transforming massive datasets into actionable intelligence [4]
red violet to Present at the East Coast IDEAS Investor Conference
Globenewswire· 2025-05-28 12:00
Company Overview - Red Violet, Inc. is a leading analytics and information solutions provider specializing in identity intelligence [2] - The company utilizes proprietary technologies and analytical capabilities to deliver solutions for identity verification, risk mitigation, due diligence, fraud detection, regulatory compliance, and customer acquisition [2] Upcoming Events - Red Violet will present at the East Coast IDEAS Investor Conference on June 11-12, 2025, in New York [1] - Camilo Ramirez, Senior Vice President of Finance and Investor Relations, will lead the presentation and host investor meetings on June 11, 2025 [1] Technology and Solutions - The company's intelligent platform, CORE™, is designed for enterprises but is adaptable for organizations of all sizes, transforming massive datasets into actionable intelligence [2] - Red Violet's solutions are aimed at enabling frictionless commerce, ensuring safety, and reducing fraud-related expenses for society [2]
red violet to Present at the 25th Annual B. Riley Securities Investor Conference
GlobeNewswire News Room· 2025-05-13 12:00
Core Insights - Red Violet, Inc. will present at the 25th Annual B. Riley Securities Investor Conference on May 21-22, 2025 [1] - The presentation will be led by Derek Dubner, CEO, and Daniel MacLachlan, CFO, on May 21, 2025 [1] Company Overview - Red Violet specializes in analytics and information solutions, focusing on identity intelligence [2] - The company utilizes proprietary technologies to provide real-time identification and location services for people, businesses, and assets [2] - Their solutions are aimed at identity verification, risk mitigation, due diligence, fraud detection, 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 contribute to frictionless commerce, enhance safety, and help reduce fraud-related expenses [2]