secwatch.observer — SEC 8-K summary
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Issuer:     Red Violet, Inc. (RDVT)
CIK:        0001720116
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000950170-23-062078
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720116/000095017023062078/0000950170-23-062078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720116/000095017023062078/rdvt-20231107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-062078

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