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.
FOREWARN, a red violet company (NASDAQ: RDVT), has partnered with MetroTex Association of REALTORS®, the 5th largest local REALTOR® Association in the US, to provide its risk mitigation services to over 25,000 members in the Dallas-Fort Worth area. The service, available online and via mobile app, will be offered at no additional cost to individual agents. FOREWARN analyzes billions of data points to help agents verify identities, search criminal histories, and validate potential client information using just phone numbers, enabling safer property showings.
Red Violet (NASDAQ: RDVT) reported strong Q3 2024 financial results with revenue increasing 20% to $19.1 million. The company achieved record gross profit, up 28% to $13.4 million, with gross margin improving to 70%. Net income was $1.7 million ($0.12 per share), compared to $12.5 million in Q3 2023 which included a one-time tax benefit. Operating cash flow grew 25% to $7.2 million. The company added 266 customers to IDI™ and 21,091 users to FOREWARN®, ending with 8,743 and 284,967 users respectively. The company continued its share repurchase program, buying 292,744 shares at an average price of $19.81.
Red Violet (NASDAQ: RDVT) announced its participation in the upcoming Southwest IDEAS Investor Conference in Dallas on November 21, 2024. The analytics and information solutions provider will be represented by Camilo Ramirez, Senior Vice President of Finance and Investor Relations, who will deliver a presentation and conduct investor meetings during the event.
FOREWARN, a red violet company (NASDAQ: RDVT), has partnered with Triad Multiple Listing Service to provide its real-time information solutions to over 7,000 real estate professionals in North Carolina. The service will be offered at no additional cost to individual agents, covering members from Greensboro, High Point, Winston-Salem, and surrounding areas.
FOREWARN's platform analyzes billions of data points to help agents verify identities, search criminal histories, and validate client information using just a phone number. This technology enables agents to plan showings more safely and confidently through both online and mobile application access.
Red Violet (NASDAQ: RDVT), an analytics and information solutions provider, has scheduled its third quarter 2024 financial results announcement for November 6, 2024, after U.S. market close. The company will host an earnings conference call at 4:30pm ET the same day to discuss quarterly results and provide a business update. Participants must register to receive unique dial-in credentials, and the call will be simultaneously webcast on the Investors section of Red Violet's website. An archived version of the webcast will be available after the call.
FOREWARN, , a red violet company (NASDAQ: RDVT), has partnered with the New Hampshire Association of REALTORS® (NHAR) to provide its real-time information solutions to over 6,500 real estate professionals across New Hampshire. This partnership aims to enhance agent safety and risk mitigation.
FOREWARN's services, accessible online and via a mobile app, utilize advanced data analysis to verify client identities, search criminal histories, and validate information using only a phone number. This tool enables agents to plan showings more confidently and safely.
NHAR is offering FOREWARN services to its members at no additional cost, demonstrating its commitment to member safety and well-being. Bob Quinn, CEO of NHAR, emphasized the importance of this tool in simplifying prospect verification and enhancing personal safety for real estate professionals.
FOREWARN, , a red violet company (NASDAQ: RDVT), has partnered with the Howard County Association of REALTORS® (HCAR) to provide its real-time information solutions to over 2,000 real estate professionals in Columbia, Maryland, and the surrounding Howard County area. This partnership aims to enhance agent safety by offering FOREWARN services at no additional cost to individual agents.
FOREWARN's technology analyzes billions of data points, allowing users to verify identities, search criminal histories, and validate client information using just a phone number. This tool enables agents to plan showings more safely and confidently. HCAR President Piet de Dreu emphasized that providing FOREWARN as a core benefit reinforces their commitment to member safety.
IDI, a red violet company (NASDAQ: RDVT), has been awarded a GSA MAS8F contract through its alliance with Carahsoft Technology Corp. As of August 6, 2024, government agencies can procure IDI's idiCORE™ investigative solution and related products through Carahsoft's GSA Schedule contract. IDI offers identity intelligence solutions, including KYC verification, contact information, arrest history, employment and bank account verification, batch processing, and API access.
IDI's comprehensive data assets cover nearly 100% of the U.S. adult population, enabling public sector agencies to manage risk, reduce fraud, and handle identity resolution effectively. This strategic alliance aims to enhance government capabilities in preventing cybercrimes, bolstering authentication controls, and ensuring public safety.
Red Violet (NASDAQ: RDVT), a top analytics and information solutions provider, has announced its participation in the Midwest IDEAS Investor Conference on August 29, 2024 in Chicago. The company's CEO, Derek Dubner, and CFO, Daniel MacLachlan, will be presenting and hosting investor meetings at the event.
This conference provides an opportunity for RDVT to showcase its capabilities and engage with potential investors. The Midwest IDEAS Investor Conference is known for bringing together innovative companies and institutional investors, offering a platform for networking and information exchange.
Red Violet's participation in this event highlights its commitment to investor relations and its efforts to expand its market presence. Investors and analysts interested in learning more about Red Violet's analytics and information solutions may find this conference valuable for gaining insights into the company's strategies and growth prospects.
Red Violet (NASDAQ: RDVT) reported strong financial results for Q2 2024, with revenue increasing 30% to a record $19.1 million. The company achieved GAAP EPS of $0.19, representing a 90% increase in net income. Key highlights include:
- Gross profit up 41% to $13.3 million, with gross margin improving to 70%
- Adjusted EBITDA increased 47% to $6.8 million, with margin expanding to 36%
- Added 236 new IDI™ customers and 27,237 FOREWARN® users
- Repurchased 15,804 shares at an average price of $18.61
CEO Derek Dubner expressed confidence in sustaining momentum and driving accelerated growth in the coming quarters.
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