Red Violet Q3 revenue $15M (+29% YoY), net income $2.3M, adjusted EBITDA $5.2M, all records

Red Violet, Inc.

2022-Q3 EPS reported $0.16 revenue$40,249,000

Revenue $15.0M (+29% YoY); platform revenue $14.8M (+31%); services $0.2M (-29%).
Net income $2.3M ($0.16 diluted EPS), up 80% YoY; adjusted EBITDA $5.2M (+43%).
Gross margin 69% vs 65%; adjusted gross margin 80% vs 76% YoY.
Ended quarter with 6,873 IDI customers (+56 net) and 110,051 FOREWARN users (+8,790).
Cash $31.3M; bought 50,000 shares at avg $17.52 under repurchase program.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Red Violet, Inc. reported the third quarter ended September 30, 2022 results: revenue $15.0 million, net income $2.3 million, EPS $0.16 per diluted share.

Period: the third quarter ended September 30, 2022
Revenue: $15.0 million
Net income: $2.3 million
EPS: $0.16 per diluted share
Result: reported results

Exact text from the filing

red violet Announces Third Quarter 2022 Financial Results Record Revenue of $15.0 Million Drives Record Earnings of $0.16 Per Share

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Red Violet, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-22-023526

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