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. develops analytics and information solutions that deliver identity intelligence for organizations. Its technology enables real-time identification and location of people, businesses, assets and their relationships, supporting identity verification, risk mitigation, due diligence, fraud detection and prevention, regulatory compliance and customer acquisition. The company describes its CORE™ platform as a cloud-native, AI-enabled identity intelligence platform that transforms large datasets into intelligence.
Recurring Red Violet news includes quarterly financial results, earnings call updates, investor conference participation and customer deployments. Updates also cover FOREWARN, a Red Violet company that provides real-time information and identity verification services for real estate professionals and REALTOR® associations, with a recurring focus on agent safety and fraud mitigation.
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.
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.