earnings
confidence high
sentiment positive
materiality 0.75
Red Violet Q2 revenue up 17% to $14.7M; net income turns positive at $0.10 EPS
Red Violet, Inc.
2023-Q2 EPS reported
$0.15
revenue$29,306,000
- Revenue $14.7M (+17% YoY); gross margin steady at 64%; net income $1.4M vs loss $0.2M.
- Adjusted EBITDA $4.6M (+58% YoY); adjusted EBITDA margin expanded to 32% from 23%.
- Added 241 IDI customers (total 7,497) and 15,189 FOREWARN users (total 146,537).
- Repurchased 55,018 shares at avg $17.04; $3.2M remaining under $5.0M buyback program.
- Cash and equivalents $31.4M; net cash from operations up 40% to $3.5M.