Red Violet Q4 revenue up 15% to $15.1M; full year net income rises to $13.5M from $0.6M

Red Violet, Inc.

Q4 revenue $15.1M, +15% YoY; gross margin 64% vs 63%. Net loss narrowed to $1.1M.
FY 2023 net income $13.5M ($0.97 diluted EPS) vs $0.6M in 2022.
Adjusted EBITDA $16.4M (+27%); cash from operations $15.1M (+21%).
Customer count at 7,875; FOREWARN users 185,380; 72 customers >$100K revenue.
Board authorized additional $5M share repurchase; $4.6M remaining as of March 1, 2024.

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 fourth quarter and year ended December 31, 2023 results: revenue $60.2 million, net income $13.5 million, EPS $0.97 and $0.96 per basic and diluted share, respectively.

Period: fourth quarter and year ended December 31, 2023
Revenue: $60.2 million
Net income: $13.5 million
EPS: $0.97 and $0.96 per basic and diluted share, respectively
Result: reported results

Exact text from the filing

Year 2023 Financial Results Fourth Quarter Revenue Increased 15% to $15.1 Million Producing $4.2 Million of Cash Flow from Operations Full Year 2023 Revenue Increased 13% to $60.2 Million Generating Net Income of $13.5 Million BOCA RATON, Fla. – March 7, 2024 – Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced

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Source: SEC EDGAR

accession 0000950170-24-028926

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