Red Violet Q4 revenue up 16% to $13.1M; full year net income $0.6M

Red Violet, Inc.

Q4 revenue $13.1M (+16% YoY); platform revenue $12.9M (+19%); services $0.2M (-54%).
Q4 net loss $1.5M ($0.11 loss per share) vs $1.7M loss prior year; adj. EBITDA $1.5M (+16%).
Full year 2022 revenue $53.3M (+21%); net income $0.6M ($0.04 diluted EPS) vs $0.7M prior year.
Cash from ops: Q4 $4.4M (+123%); FY $12.5M (+39%); cash & equivalents $31.8M.
Added 148 IDI customers (total 7,021) and 6,909 FOREWARN users (total 116,960); 67 customers >$100k revenue (2021: 47).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Red Violet, Inc. reported quarter and full year ended December 31, 2022 results: revenue $13.1 million (Q4), $53.3 million (full year), net income Net loss of $1.5 million (Q4), Net income of $0.6 million (full year), EPS loss of $0.11 per basic and diluted share (Q4), $0.04 per basic and diluted share (full year).

Period: quarter and full year ended December 31, 2022
Revenue: $13.1 million (Q4), $53.3 million (full year)
Net income: Net loss of $1.5 million (Q4), Net income of $0.6 million (full year)
EPS: loss of $0.11 per basic and diluted share (Q4), $0.04 per basic and diluted share (full year)
Result: reported results

Exact text from the filing

red violet Announces Fourth Quarter and Full Year 2022 Financial Results Fourth Quarter Revenue Increased 16% to $13.1 Million Producing $4.4 Million of Cash Flow from Operations Full Year 2022 Revenue Increased 21% to $53.3 Million Generating Net Income of $0.6 Million

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Red Violet, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-007075

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