secwatch.observer — SEC 8-K summary
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Issuer:     Red Violet, Inc. (RDVT)
CIK:        0001720116
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0000950170-22-016504
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Violet Q2 revenue up 15% to $12.5M, net loss of $0.2M vs prior year net income; adjusted EBITDA down 6% to $2.9M
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- Total revenue $12.5M, up 15% YoY; platform revenue $12.2M (+15%), services revenue $0.3M (+6%).
- Gross profit $8.0M (+16%); adjusted gross profit $9.6M (+17%); gross margin 64% vs 63%, adjusted gross margin 77% vs 75%.
- Net loss $0.2M vs net income $1.8M in prior year (which included $2.2M CARES Act loan forgiveness gain).
- Adjusted EBITDA $2.9M (-6% YoY); cash from operations $2.5M (+10%); cash $32.3M.
- Added 225 IDI customers (total 6,817); FOREWARN users >100k; released idiTRACE SSN trace solution.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720116/000095017022016504/0000950170-22-016504-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720116/000095017022016504/rdvt-20220809.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-016504

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