Red Violet Inc Stock Price, News & Analysis

FOREWARN, a red violet company (NASDAQ: RDVT), has partnered with NEXUS Association of REALTORS® to provide identity verification services to over 5,000 real estate professionals across Burlington, Camden, and Ocean counties in New Jersey. The FOREWARN platform, available online and via mobile app, analyzes billions of data points to help agents verify identities, check criminal histories, and validate client information using only phone numbers.

The service will be provided to NEXUS members at no additional cost, enabling them to plan property showings more safely and confidently. The platform's implementation aligns with NEXUS's priority of ensuring member safety and security in their daily operations.

Red Violet (NASDAQ: RDVT) reported strong financial results for Q1 2025, with revenue increasing 26% to a record $22.0 million. The analytics and information solutions provider achieved significant growth across key metrics, including a 93% increase in net income to $3.4 million, resulting in diluted EPS of $0.24. Gross profit rose 37% to $15.8 million, with gross margin expanding to 72%.

The company added 315 customers to IDI™, reaching 9,241 customers, and grew FOREWARN® users by 21,918 to 325,336 users. Notable achievements include partnerships with over 545 REALTOR® Associations. Red Violet also distributed a special cash dividend of $0.30 per share, totaling $4.2 million, paid on February 14, 2025.

Red Violet (NASDAQ: RDVT), an analytics and information solutions provider, announced its participation in the upcoming 20th Annual Needham Technology, Media, & Consumer Conference. The event will take place from May 8-13, 2025. CEO Derek Dubner and CFO Daniel MacLachlan will conduct virtual investor meetings on May 12, 2025.

IDI (NASDAQ: RDVT) has announced a strategic integration with Ping Identity's PingOne DaVinci, a no-code identity orchestration service. The partnership will provide broader access to IDI's AI/ML-powered technology platform and comprehensive identity graph through their coreIDENTITY™ DaVinci connector.

The integration offers a suite of identity solutions including identity data verification, data refresh capabilities, application pre-fill features, fraud detection and prevention tools, and KYC compliance services. The partnership aims to enhance customer experience and streamline digital user journeys across multiple applications through easy drag-and-drop design functionality.

Red Violet (NASDAQ: RDVT), an analytics and information solutions provider, has scheduled its first quarter 2025 financial results announcement for May 7, 2025 after U.S. market close. The company will host an earnings conference call the same day at 4:30pm ET to discuss Q1 results and provide a business update.

The earnings call will be accessible via webcast through the Investors section of Red Violet's website. Participants must register to receive unique dial-in credentials, as no general dial-in number will be provided. An archived version of the webcast will be available on the company's website following the call.

FOREWARN, a red violet company (NASDAQ: RDVT), has secured a contract with HiCentral MLS®, Hawaii's largest MLS, to provide identity verification services to over 6,000 real estate professionals across Oahu. The service will be offered at no additional cost to individual agents.

FOREWARN's platform, available online and via mobile app, analyzes billions of data points to help real estate agents verify client identities, check criminal histories, and validate information using only phone numbers. This technology enables agents to plan property showings with enhanced security and confidence.

The implementation serves HiCentral MLS®'s mission of providing members with essential safety resources, as stated by CEO Suzanne Young. Members will receive instructions for activating their included FOREWARN subscriptions.

FOREWARN, a red violet company (NASDAQ: RDVT), has partnered with the Little Rock REALTORS® Association (LRRA) to provide identity verification services to its 1,400+ real estate professional members. FOREWARN's platform will be offered at no additional cost to individual agents, analyzing billions of data points to verify identities, search criminal histories, and validate potential client information using just phone numbers.

The implementation aims to enhance agent safety in the Little Rock metropolitan area, allowing professionals to plan showings with greater confidence. The partnership holds particular significance as the community remembers Beverly Carter, whose tragic loss emphasizes the importance of agent safety measures. The platform provides real-time information solutions through both online and mobile applications, enabling agents to conduct business with improved security protocols.

FOREWARN, a red violet company (NASDAQ: RDVT), has secured a contract with Willamette Valley Multiple Listing Service (WVMLS), Oregon's second-largest MLS, to provide identity verification services to over 3,000 real estate professionals.

The service will be offered at no additional cost to WVMLS members, including those from Mid Valley Association of REALTORS®, Polk County Board of REALTORS®, and Willamette Association of REALTORS®. FOREWARN's technology analyzes billions of data points, allowing agents to verify identities, search criminal histories, and validate client information using only phone numbers.

This implementation aims to enhance agent safety and prevent fraud through real-time identity verification and risk assessment capabilities, available both online and through a mobile application.

Red Violet (NASDAQ: RDVT) has announced the appointment of Greg Strakosch to its Board of Directors, effective March 4, 2025. Strakosch brings extensive experience in scaling technology businesses, with expertise in capital markets, public company management, M&A, operations, and governance.

As founder and CEO of TechTarget (NASDAQ: TTGT) and former President of UCG's Technology Division, Strakosch has demonstrated success in growing companies from startup to significant scale. His background includes executive roles at EMC , where he contributed to the company's IPO and launched their first mainframe product.

The appointment aligns with Red Violet's strategy to strengthen its leadership team and enhance shareholder value in its analytics and information solutions business.