Welcome to our dedicated page for Red Violet news (Ticker: RDVT), a resource for investors and traders seeking the latest updates and insights on Red Violet stock.
Red Violet Inc (RDVT) specializes in cloud-based identity intelligence and risk management solutions through its proprietary CORE platform. This news hub provides investors and professionals with verified updates about the company’s strategic initiatives and market position.
Access official press releases covering earnings reports, technology innovations, partnership announcements, and regulatory developments. Our curated collection helps stakeholders monitor RDVT’s advancements in data fusion, fraud detection systems, and compliance solutions across industries like financial services and real estate.
Bookmark this page for ongoing insights into Red Violet’s operational milestones, including product enhancements, leadership updates, and industry recognition. All content is sourced directly from company communications to ensure accuracy and timeliness.
Red Violet, Inc. (NASDAQ: RDVT) reported record revenue of $11.7 million for Q3 2021, a 26% increase year over year. The net income reached $1.3 million, marking the company’s first quarter of GAAP profitability without one-time gains. Adjusted EBITDA rose 73% to $3.6 million, while gross profit increased 38% to $7.6 million. The company added over 170 new customers to idiCORE™ and 6,700 users to FOREWARN®, enhancing its market position. Cash and equivalents stood at $13.4 million as of September 30, 2021.
Red Violet, Inc. (NASDAQ: RDVT), a leader in analytics and information solutions, will participate in the Furey Research Partners Hidden Gems Conference on November 18, 2021. CEO Derek Dubner and CFO Daniel MacLachlan will present virtually at 1:45 p.m. ET, with additional one-on-one meetings available for clients of Furey Research Partners. This event showcases carefully selected companies to institutional small cap fund managers. Red Violet specializes in identity intelligence technology that supports risk mitigation, fraud prevention, and regulatory compliance.
Red Violet, Inc. (NASDAQ: RDVT) will participate in the RBC Capital Markets Technology, Internet, Media and Telecommunications Conference on November 16, 2021. CEO Derek Dubner and CFO Daniel MacLachlan will host virtual 1-on-1 meetings during the event.
Red Violet specializes in analytics and identity intelligence solutions. Their CORE™ platform transforms data into insightful intelligence, aiding businesses in risk mitigation, fraud detection, and customer acquisition.
Red Violet, Inc. (NASDAQ: RDVT) announced it will report its third-quarter financial results for the period ending September 30, 2021, after market close on November 9, 2021. A conference call will take place on the same day at 4:30 PM ET to discuss these results and provide a business update. Investors can access the call via phone or through a webcast on the company’s website. The company specializes in analytics and information solutions, delivering identity intelligence powered by its CORE™ platform.
Red Violet (NASDAQ: RDVT) announced a contract with Greater Chattanooga REALTORS® to provide FOREWARN services for over 2,400 REALTOR® members, enhancing agent safety in southeast Tennessee and northwest Georgia. FOREWARN offers real-time identity verification, criminal history checks, and client information validation via phone number. This service is accessible to members at no extra cost, equipping agents with a critical tool for safe real estate engagements.
FOREWARN, LLC, a red violet company (NASDAQ: RDVT), has announced a partnership with the Northern Virginia Association of REALTORS® (NVAR) to provide its services to over 13,000 REALTOR® members. This collaboration aims to enhance agent safety by offering FOREWARN’s risk mitigation solutions at no cost to members. FOREWARN’s platform analyzes extensive data to verify identities and check criminal histories using just a phone number. The initiative underscores NVAR's commitment to member safety, with the CEO emphasizing the importance of this tool for real estate agents.
Red Violet, Inc. (NASDAQ: RDVT) has launched its “Innovations in Identity” Advisory Board to provide strategic guidance for expansion in existing and new markets. The board includes industry leaders like Dan Hesse, Lou Anne Alexander, and Ralph A. Rodriguez, aimed at strengthening the company's position in identity solutions. The CEO highlighted the importance of these advisors in navigating the evolving identity landscape. The advisory board's formation is a significant step in the company's growth strategy, leveraging diverse expertise to enhance its capabilities in identity analytics.
FOREWARN, LLC, a red violet company (NASDAQ: RDVT), has partnered with the Northwest Arkansas Board of REALTORS® (NABOR) to provide its services to over 3,200 REALTOR® members aimed at enhancing agent safety. Available via mobile and online, FOREWARN utilizes extensive data analysis to mitigate risks by verifying client identities and checking criminal histories. This service will be provided at no extra cost to agents. The implementation of FOREWARN comes as a response to growing safety concerns in real estate transactions, allowing agents to proactively identify risks.
Red Violet (NASDAQ: RDVT) reported a record revenue of $10.9 million for Q2 2021, reflecting a 54% increase year-over-year. Net income reached $1.8 million, aided by a $2.2 million one-time gain from debt forgiveness. Adjusted EBITDA skyrocketed 245% to $3.1 million, with a gross profit of $6.9 million, up 95%. Customer contracts contributing to revenue hit 81%, adding over 230 new customers. Cash from operations was $2.3 million, with total cash at $13.9 million.
Red Violet Appoints New EVP for Property Solutions
Red Violet, Inc. (NASDAQ: RDVT) has announced the appointment of James Frasche as Executive Vice President, Property Solutions. Frasche brings nearly 20 years of experience in property analytics and business development, previously serving as EVP at GeoPhy and Chief Client Officer at Equifax. His expertise is expected to enhance Red Violet's data unification technology in the real estate sector, aligning with the company's strategy to address blind spots in real estate analytics.
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