secwatch.observer — SEC 8-K summary
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Issuer:     Red Violet, Inc. (RDVT)
CIK:        0001720116
Form:       8-K
Filed at:   2022-03-11T23:59:59+00:00
Accession:  0000950170-22-003412
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Violet reports Q4 revenue $11.3M (+26% YoY); full-year net income $0.7M vs. loss $6.8M
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- Total revenue for 2021 up 27% to $44.0M; GAAP net income of $0.7M vs. loss of $6.8M in 2020.
- Q4 revenue $11.3M (+26% YoY); adjusted EBITDA $1.3M (+9%); cash from operations $2.0M.
- Company raised $21.0M via sale of 552,915 shares at $38.00 per share from existing investors.
- Three-year organic revenue target of $100M+ with adjusted EBITDA margin ~40% and adjusted gross margin >80%.
- IDI customers up 14% to 6,548; FOREWARN users up 70% to 82,419; 47 customers with >$100k revenue vs 34.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720116/000095017022003412/0000950170-22-003412-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720116/000095017022003412/rdvt-20220309.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-003412

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