secwatch.observer — SEC 8-K summary
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Issuer:     Red Violet, Inc. (RDVT)
CIK:        0001720116
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0000950170-22-008145
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Violet reports record Q1 revenue of $12.7M, net income $0.1M; authorizes $5M buyback
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- Revenue $12.7M (+25% YoY); gross profit $8.1M (29% increase); net income $0.1M vs loss of $0.6M.
- Adjusted EBITDA $3.2M (+12% YoY); operating cash flow $2.4M (+97%).
- Added 44 IDI customers (6,592 total) and 9,071 FOREWARN users (91,490 total).
- Board authorized $5M share repurchase program; no expiration date.
- Released idiCORE Mobile app for investigative and fraud prevention.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720116/000095017022008145/0000950170-22-008145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720116/000095017022008145/rdvt-20220504.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-008145

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