secwatch.observer — SEC 8-K summary
======================================

Issuer:     Red Violet, Inc. (RDVT)
CIK:        0001720116
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0000950170-24-028926
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720116/000095017024028926/0000950170-24-028926-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720116/000095017024028926/rdvt-20240307.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-028926

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