earnings
confidence high
sentiment positive
materiality 0.75
Red Violet reports record Q3 revenue $19.1M (+20% YoY); Adj. EBITDA up 25% to $6.7M
Red Violet, Inc.
2024-Q3 EPS reported
$0.43
revenue$55,624,000
- Revenue $19.1M (+20% YoY); gross profit $13.4M (+28%); gross margin 70% vs 66%.
- Adjusted EBITDA $6.7M (+25%); adjusted EBITDA margin 35% vs 34%.
- Net income $1.7M ($0.12/sh); prior year net income included $10.3M tax benefit.
- Cash from operations $7.2M (+25%); cash $35.7M; repurchased 292,744 shares YTD at avg $19.81.
- Added 266 IDI customers (8,743 total) and 21,091 FOREWARN users (284,967 total).