secwatch.observer — SEC 8-K summary
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Issuer:     Red Violet, Inc. (RDVT)
CIK:        0001720116
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0000950170-23-021362
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720116/000095017023021362/0000950170-23-021362-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720116/000095017023021362/rdvt-20230509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-021362

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