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.
Red Violet, Inc. (NASDAQ: RDVT) will announce its third-quarter financial results on November 10, 2020, after U.S. market close. The report will cover the period ending September 30, 2020. Following the announcement, a conference call is scheduled for 4:30 PM ET on the same day, where the company will discuss the results and provide a business update. Investors can participate through a call or listen via webcast on the company's website. Further details, including dial-in numbers and passcodes, are provided in the press release.
FOREWARN, LLC, a leading provider of real-time information solutions, has partnered with the Southern Indiana REALTORS® Association (SIRA) to offer its services to over 700 REALTOR® members at no extra cost. The service aims to enhance agent safety by enabling users to verify identities and check criminal histories through a mobile application or online platform. This proactive approach to safety will empower agents with essential risk verification tools, fostering a secure environment for real estate transactions.
FOREWARN, LLC (NASDAQ: RDVT) has partnered with the South Bend Area REALTORS® to provide its real estate agents over 500 members with innovative safety and verification services. The FOREWARN services will allow agents to conduct risk assessments using phone numbers to verify identities and check criminal histories. This service aims to enhance agent safety without additional costs to agents. Myron Larimer, CEO of SBAR, emphasized the importance of the tool during Agent Safety Month. Members received activation instructions on September 1, 2020.
Red Violet reports a record $1.8 million in positive cash flow from operations for Q2 2020, showcasing resilience during economic challenges. Total revenue decreased 3% to $7.1 million, with platform revenue up 11% to $6.9 million. Services revenue plummeted 82% to $0.2 million. Adjusted EBITDA increased 155% to $0.9 million. Despite a net loss of $2.5 million, the company anticipates continued growth fueled by digital transformation trends. Cash and equivalents stood at $13.8 million as of June 30, 2020.
BOCA RATON, Fla., Aug. 07, 2020 - FOREWARN, LLC (NASDAQ: RDVT) announces a contract with the Stark County Association of REALTORS® to provide FOREWARN services to over 1,000 REALTOR® members in northeastern Ohio. This initiative aims to enhance real estate agent safety by offering tools for identity verification and risk assessment via a mobile app and online platform. The service will be available at no additional cost to SCAR members, enabling them to conduct business with increased confidence. Instructions for activation will be sent on August 14, 2020.
Red Violet, Inc. (NASDAQ: RDVT) has announced the beta release of its advanced geospatial search technology via the idiCORE™ platform. This innovative technology combines geohash indexing and feature filtering to enhance data exploration, specifically tailored for investigative use. Initially applied to a comprehensive motor vehicle database, the release allows for detailed geographical searches and temporal filtering. Over 5,300 U.S. entities are expected to benefit from this tool, which aims to improve fraud detection and compliance. Full customer release is anticipated in Q4 2020.
Red Violet, Inc. (NASDAQ: RDVT) announced that it will release its financial results for the second quarter ending June 30, 2020, after U.S. markets close on August 11, 2020. A conference call to discuss the results and provide a business update will follow the announcement at 4:30 PM ET. Investors can participate by calling the provided numbers or via webcast on the company's website. Red Violet focuses on converting data into actionable intelligence for various industries, enhancing risk management, fraud detection, and customer acquisition.
Red Violet (NASDAQ: RDVT) announced a partnership with the Northeast Iowa Regional Board of REALTORS to provide its FOREWARN services to over 600 real estate agents, enhancing safety through real-time identity verification and criminal history checks. The service will be available at no extra cost, enabling agents to confidently plan showings. CEO Mary Shileny emphasized the importance of this tool for member safety. Instructions for activating FOREWARN were sent to NEIRBR members on June 23, 2020. This collaboration aims to foster safer interactions within the real estate sector.
FOREWARN, LLC, a leading provider of real-time information solutions (NASDAQ: RDVT), announced a partnership with the REALTOR® Association of Acadiana (RAA) to offer its services to over 1,500 real estate agents. This initiative aims to enhance agent safety by allowing them to verify identities and assess risks using data analytics. The services are provided at no extra cost to RAA members, promoting proactive safety measures in real estate transactions. Instructions for activating subscriptions were distributed to existing RAA members on June 3, 2020.
FOREWARN, LLC, a provider of real-time information solutions for real estate agents, has announced a partnership with the Northwestern Wisconsin Multiple Listing Service (NWWMLS) to offer its services to over 1,100 REALTOR® members. The FOREWARN platform enhances agent safety by allowing users to verify identities, search criminal histories, and validate client information with just a phone number. Starting May 15, 2020, NWWMLS members will receive instructions to activate their FOREWARN subscriptions at no extra cost.
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