secwatch.observer — SEC 8-K summary
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Issuer:     Red Violet, Inc. (RDVT)
CIK:        0001720116
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0000950170-24-094358
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720116/000095017024094358/0000950170-24-094358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720116/000095017024094358/rdvt-20240807.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-094358

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