Red Violet Q3 record revenue $15.8M, EPS $0.87; net income up 453% YoY

Red Violet, Inc.

2023-Q3 EPS reported $1.03 revenue$45,143,000

Revenue grew 5% to $15.8M; diluted EPS of $0.87 vs $0.16 in prior-year quarter.
Net income of $12.5M included a $10.4M one-time tax benefit from valuation allowance release.
Adjusted EBITDA of $5.4M (34% margin); adjusted gross margin 79%.
Added 272 IDI customers (7,769 total) and 21,819 FOREWARN users (168,356 total).
Announced Florida Realtors agreement for 238,000 members starting Jan 2024; $2.3M remaining under stock repurchase 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 the third quarter ended September 30, 2023 results: revenue $15.8 million, net income $12.5 million, EPS $0.90 and $0.87 per basic and diluted share.

Period: the third quarter ended September 30, 2023
Revenue: $15.8 million
Net income: $12.5 million
EPS: $0.90 and $0.87 per basic and diluted share
Result: reported results

Exact text from the filing

set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 red violet Announces Third Quarter 2023 Financial Results Record Revenue of $15.8 Million Helps Drive Record EPS of $0.87 BOCA RATON, Fla. – November 7, 2023 – Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced

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Red Violet, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-062078

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