Red Violet, Inc. - $RDVT STOCK NEWS

Red Violet, Inc. (NASDAQ: RDVT) announced first quarter 2024 financial results with record revenue of $17.5 million, an increase of 20%. The company reported strong operating results driven by innovative technology and solutions. Total revenue, gross profit, net income, adjusted EBITDA, and cash provided by operating activities all saw significant increases compared to the same period last year. Red Violet also highlighted key business achievements, such as customer and user growth, as well as stock repurchase activities.

Virginia REALTORS® has partnered with FOREWARN, a red violet company (NASDAQ: RDVT), to offer real-time information solutions for real estate agents to promote proactive agent safety. FOREWARN services will be available to the 36,000+ members of Virginia REALTORS® to verify identities, search for criminal histories, and validate client information using just a phone number, enhancing agent safety and confidence during showings.

FOREWARN, a red violet company (NASDAQ: RDVT), partners with Greater Metropolitan Association of REALTORS® to offer its real-time information solutions for real estate agents to promote proactive agent safety. GMAR will make FOREWARN services available to its 7,500+ members in metro-Detroit, allowing agents to verify identities, search criminal histories, and validate client information using a phone number. The services are offered at no additional cost, enhancing agent safety and fraud prevention.

Red Violet, Inc. (NASDAQ: RDVT) is set to announce its first quarter 2024 financial results on May 8, 2024. The company will host an earnings call to discuss the quarterly results and provide a business update.

FOREWARN, a red violet company (NASDAQ: RDVT), partners with Austin Board of REALTORS® to offer real-time safety services to 16,000+ real estate professionals in Texas. The services include identity verification, criminal history search, and client information validation, enhancing agent safety and confidence.

Red Violet, Inc. (RDVT) announced impressive financial results for Q4 and full year 2023 with a 15% increase in Q4 revenue to $15.1 million and a 13% increase in full year revenue to $60.2 million. The company generated $4.2 million cash flow from operations in Q4 and $13.5 million net income for the full year. The CEO highlighted record-breaking performance in various metrics driven by their AI/ML-powered platform and core identity graph. Key financial highlights include adjusted EBITDA increasing by 76% in Q4 and 27% for the full year, and adjusted net income increasing by 157% in Q4 and 17% for the full year. The company also added customers, users, and key personnel, showcasing growth initiatives. The Board authorized an additional $5.0 million stock repurchase program. Overall, red violet is focused on accelerating business growth and delivering value to customers and shareholders in 2024 and beyond.

Red Violet, Inc. (NASDAQ: RDVT) appoints Jonathan McDonald as Executive Vice President, Public Sector, to enhance government agency solutions. McDonald brings over two decades of experience in the public sector, strengthening red violet's position in the market segment.

Red Violet, Inc. (NASDAQ: RDVT) will report its Q4 and full-year 2023 financial results on March 7, 2024. The earnings call will discuss the results and provide a business update.

FOREWARN, a subsidiary of red violet company (NASDAQ: RDVT), partners with MLS United, LLC to provide real-time information solutions for real estate professionals in Mississippi, enhancing agent safety by analyzing billions of data points and verifying identity, searching for criminal histories, and validating information provided by potential clients. The collaboration will extend FOREWARN® services to over 6,200+ MLS United customers at no additional cost to individual agents, allowing them to work safely and guard against potential fraud.