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, a red violet company (NASDAQ: RDVT), has secured a contract with the Northeast Tennessee Association of REALTORS® (NETAR) to provide its safety services to over 1,400 REALTOR® members. This initiative aims to enhance agent safety through real-time data analysis, enabling agents to verify identities, check criminal histories, and validate client information using just a phone number. Members can access these services at no extra cost. This partnership demonstrates a commitment to proactive safety measures for real estate professionals in the region.
Red Violet, Inc. (NASDAQ: RDVT) reported a strong finish to 2020, with a 14% increase in total revenue, reaching $34.6 million. In Q4, total revenue decreased slightly by 1% to $9.0 million, while platform revenue rose 12% to $8.6 million. The company generated $1.8 million in cash from operations in Q4, totaling $6.5 million for the year. Adjusted EBITDA surged 213% to $5.9 million for the full year, signaling robust profitability. The firm remains optimistic about 2021, citing a solid start and strong growth potential driven by innovative technology.
Red Violet, Inc. (NASDAQ: RDVT) will report its financial results for Q4 and the full year ended December 31, 2020, on March 10, 2021. The announcement will follow the close of U.S. financial markets. A conference call is scheduled for 4:30 PM ET on the same day to discuss the results and provide a business update. Interested parties can access the call via phone or webcast through the Red Violet website.
FOREWARN, LLC (NASDAQ: RDVT) has partnered with the Pikes Peak Association of REALTORS® to provide safety services for over 4,200 REALTOR® members. This collaboration enhances agent safety by allowing access to FOREWARN's online and mobile application services, which analyze vast amounts of data to help agents verify identities and check criminal histories using just a phone number. The service will be available at no cost to individual agents starting from March 1, 2021, ensuring improved safety protocols for real estate professionals.
FOREWARN, LLC, a red violet company (NASDAQ: RDVT), has secured a contract with Montana Regional MLS to provide its safety services to over 3,000 REALTOR® members. The FOREWARN service allows real estate agents to verify identities, check criminal histories, and validate client information using only a phone number, thereby enhancing agent safety. Available at no extra cost to MRMLS members, this move aims to promote proactive safety measures in real estate transactions.
FOREWARN, a leading provider of real-time information solutions for real estate agents, announced a partnership with the Tri-County Suburban REALTORS® (TCSR) to enhance agent safety by providing FOREWARN services to over 8,500 members at no extra cost. The services, accessible through a mobile app, utilize extensive data to verify identities, search criminal histories, and validate client information using just a phone number. This initiative aims to empower real estate agents with the confidence to conduct showings and meetings safely.
Red Violet (NASDAQ: RDVT) reported strong financial results for Q3 2020, with a 31% sequential revenue increase to $9.3 million, reflecting a 12% year-over-year growth. Adjusted EBITDA rose by 130% sequentially and 84% year-over-year, reaching a record $2.1 million. The gross profit increased 24% to $5.5 million, resulting in a 59% gross margin. Notably, platform revenue surged 27%, while services revenue fell 75%. The company added over 380 new customers to idiCORE™ and increased FOREWARN® users by 4,000 during the quarter.
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.