secwatch.observer — SEC 8-K summary
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Issuer:     Red Violet, Inc. (RDVT)
CIK:        0001720116
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0000950170-22-023526
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720116/000095017022023526/0000950170-22-023526-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720116/000095017022023526/rdvt-20221107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-023526

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