Red Violet posts record Q3 revenue $11.7M, net income $1.3M, first GAAP profitable quarter

Red Violet, Inc.

2021-Q3 EPS reported $0.19 revenue$32,764,000

Revenue rose 26% YoY to $11.7M; GAAP net income of $1.3M vs loss of $0.9M a year ago.
Diluted EPS $0.09; first GAAP profitable quarter without a one-time gain.
Adjusted EBITDA up 73% to $3.6M; gross margin expanded to 65% from 59%.
Added 170 new idiCORE customers (total 6,314) and 6,700 FOREWARN users (total 74,377).
Generated $3.5M cash from operations; cash balance $13.4M at quarter end.

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