secwatch.observer — SEC 8-K summary
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Issuer:     Red Violet, Inc. (RDVT)
CIK:        0001720116
Form:       8-K
Filed at:   2021-08-13T23:59:59+00:00
Accession:  0001564590-21-044173
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 up 54% to record $10.9M; net income of $1.8M vs prior year loss
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- Revenue of $10.9M (+54% YoY); platform revenue $10.6M (+54%).
- Net income $1.8M (incl. $2.2M PPP loan forgiveness gain) vs loss of $2.5M in prior year.
- Adjusted EBITDA $3.1M, up 245% YoY; gross margin improved to 63% from 50%; cash from ops $2.3M.
- Added 230+ idiCORE customers (6,141 total) and 8,700+ FOREWARN users (67,578 total); 150+ REALTOR associations contracted.
- Appointed Lisa Stanton to Board; added Jim Greenwell (GM Identity) and James Frasche (EVP Property Solutions).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720116/000156459021044173/0001564590-21-044173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720116/000156459021044173/rdvt-8k_20210811.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-044173

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