secwatch.observer — SEC 8-K summary
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Issuer:     Red Violet, Inc. (RDVT)
CIK:        0001720116
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0000950170-23-040664
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Violet Q2 revenue up 17% to $14.7M; net income turns positive at $0.10 EPS
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720116/000095017023040664/0000950170-23-040664-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720116/000095017023040664/rdvt-20230807.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-040664

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