Red Violet Q2 revenue record $19.1M (+30% YoY); net income up 90% to $2.6M, EPS $0.19

Red Violet, Inc.

2024-Q2 EPS reported $0.31 revenue$36,567,000

Revenue $19.1M (+30% YoY); gross margin improved to 70% from 64%.
Net income $2.6M, EPS $0.19; adjusted EBITDA $6.8M (+47%), margin 36%.
Added 236 IDI customers (8,477 total); FOREWARN users up 27k to 263,876.
Repurchased 15,804 shares at avg $18.61; $4.6M remaining under buyback.
Cash $30.9M; operating cash flow up 61% to $5.7M.

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