secwatch.observer — SEC 8-K summary
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Issuer:     Red Violet, Inc. (RDVT)
CIK:        0001720116
Form:       8-K
Filed at:   2021-11-12T23:59:59+00:00
Accession:  0000950170-21-004251
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720116/000095017021004251/0000950170-21-004251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720116/000095017021004251/rdvt-20211109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-004251

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer