Red Violet(US:RDVT)2024-08-09 04:29Company 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]