Red Violet Q1 revenue up 15% to $14.6M; net income surges 569% to $0.7M

Red Violet, Inc.

2023-Q1 EPS reported $0.05 revenue$14,626,000

Revenue $14.6M (+15% YoY); gross margin improved to 66% from 64%.
Net income $0.7M ($0.05 EPS) vs $0.1M ($0.01 EPS) in Q1 2022.
Adjusted EBITDA $3.7M (+15%); adjusted gross margin 78% vs 75%.
Added 235 IDI customers (7,256 total) and 14,388 FOREWARN users (131,348 total).
Repurchased 44,766 shares at avg $16.88; $3.4M remaining under $5M buyback 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 0.95

Red Violet, Inc. reported first quarter ended March 31, 2023 results: revenue $14.6 million, net income $0.7 million, EPS $0.05 per basic and diluted share.

Period: first quarter ended March 31, 2023
Revenue: $14.6 million
Net income: $0.7 million
EPS: $0.05 per basic and diluted share
Result: reported results

Exact text from the filing

reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 red violet Announces First Quarter 2023 Financial Results First Quarter Revenue Increased 15% to $14.6 Million, Generated EPS of $0.05 BOCA RATON, Fla. – May 9, 2023 – Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced financial

View on SEC.gov

Browse all earnings releases →

Red Violet, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-021362

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.