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. (NASDAQ: RDVT) is an analytics and information solutions provider that focuses on delivering identity intelligence through proprietary technologies and data analytics. Its press releases describe how the company’s intelligent platform, CORE™, and related solutions support identity verification, risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition.
This news page aggregates announcements and updates about Red Violet and its subsidiaries, including FOREWARN, LLC, which is identified as a Red Violet company. Readers can find coverage of quarterly financial results, conference call transcripts referenced in Form 8-K filings, and details on stock repurchase program authorizations. The company’s communications also highlight participation in investor conferences such as the Needham Growth Conference, the Raymond James TMT and Consumer Conference, and the Southwest IDEAS Investor Conference.
A significant portion of Red Violet’s news flow relates to FOREWARN®, a real-time information service for real estate agents. Press releases describe agreements with REALTOR® associations in multiple states to provide FOREWARN as a member benefit at no additional cost to individual agents. These announcements explain how FOREWARN analyzes billions of data points and allows agents to verify identity, search for criminal histories, and validate information provided by potential clients using just a phone number, with the stated goal of promoting proactive agent safety.
Investors and industry observers can use this page to follow Red Violet’s financial disclosures, business developments, product adoption metrics for FOREWARN, and external recognitions such as inclusion in TIME’s “America’s Growth Leaders of 2026” list. Regularly reviewing these updates can help readers understand how the company reports its performance, expands its relationships with real estate organizations, and positions its identity intelligence solutions in the market.
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.
Red Violet, Inc. (NASDAQ: RDVT) appointed Lisa Stanton as an independent director of its Board, effective immediately. Stanton, with extensive background in FinTech and data security, is expected to enhance the company's focus on identity solutions. Previously, she held leadership roles at American Express and was CEO of InAuth. Her experience in risk management and identity verification aligns with Red Violet's mission to deliver advanced identity intelligence through its CORE™ platform, which aids in fraud detection, compliance, and business operations.
Red Violet, Inc. (NASDAQ: RDVT) will announce its second-quarter financial results for the period ending June 30, 2021, after market close on August 11, 2021. A conference call to discuss these results will take place on the same day at 4:30 PM ET, with a live webcast available on the company's investor relations website. Red Violet specializes in analytics and information solutions, providing critical identity intelligence for various applications including fraud detection and regulatory compliance.
Red Violet, Inc. (NASDAQ: RDVT) will participate in the D.A. Davidson Bison Select Conference on August 4, 2021. CEO Derek Dubner and CFO Daniel MacLachlan will host virtual 1-on-1 meetings.
Red Violet specializes in analytics and information solutions, delivering identity intelligence through proprietary technologies. Their platform, CORE™, aids in real-time identification of individuals and assets to mitigate risks, ensure compliance, and prevent fraud. For more details, visit www.redviolet.com.
FOREWARN, a subsidiary of red violet (NASDAQ: RDVT), announced a contract with the Greater Louisville Association of Realtors® (GLAR) to offer FOREWARN services to over 5,000 REALTOR® members, enhancing agent safety. Members will access identity verification, criminal history checks, and client information validation through the service at no extra cost. GLAR's president, Judie Parks, emphasized the added safety and value for members. The initiative aims to empower REALTORS® with tools for safer transactions, with activation instructions provided on July 22, 2021.
Red Violet Launches New Identity Division
Red Violet, Inc. (NASDAQ: RDVT) announced the launch of its Identity division, appointing Jim Greenwell as General Manager. This initiative aims to enhance the company’s position in the identity solutions market, responding to growing demand for intelligent identity management solutions. Greenwell brings extensive experience in digital identity, previously leading Danal, Inc. through significant growth. The company's API-driven offerings currently serve leading identity management solution providers, promising to deliver real-time identity verification and fraud prevention across various industries.
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