Red Violet reports record Q1 revenue of $17.5M, up 20%; net income rises 149%

Red Violet, Inc.

2024-Q1 EPS reported $0.13 revenue$17,511,000

Q1 revenue of $17.5M (+20% YoY); gross margin held at 66%.
Net income of $1.8M ($0.13 per diluted share) vs $0.7M a year ago.
Adjusted EBITDA $5.7M, up 54%; margin expanded to 32% from 25%.
Added 366 IDI customers (8,241 total) and 51,259 FOREWARN users (236,639 total).
Bought 291,879 shares at avg $19.81 YTD through Apr 30; $4.6M left in buyback 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 quarter ended March 31, 2024 results: revenue $17.5 million, net income $1.8 million, EPS $0.13 per basic and diluted share.

Period: the quarter ended March 31, 2024
Revenue: $17.5 million
Net income: $1.8 million
EPS: $0.13 per basic and diluted share
Result: reported results

Exact text from the filing

red violet Announces First Quarter 2024 Financial Results Record Revenue of $17.5 Million, an Increase of 20%

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Source: SEC EDGAR

accession 0000950170-24-057464

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