secwatch.observer — SEC 8-K summary
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Issuer:     Red Violet, Inc. (RDVT)
CIK:        0001720116
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0000950170-24-057464
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720116/000095017024057464/0000950170-24-057464-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720116/000095017024057464/rdvt-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-057464

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