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Red Violet Inc (RDVT)
NASDAQ:RDVT
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.1Last Year’s EPS
0.02Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2019
|% Change Since: 11.42%
|Next Earnings Date:Mar 07, 2019
Earnings Call Sentiment|Positive
The earnings call highlighted a strong quarter with record revenue, growth across multiple verticals, and robust cash flow. Despite a decline in the real estate vertical and net income affected by prior year tax benefits, the overall sentiment was positive, with continued optimism for future growth.Company Guidance
During Red Violet's third-quarter 2024 earnings call, executives highlighted several key financial metrics illustrating the company's robust performance and optimistic outlook. The company achieved record revenue of $19.1 million, a year-over-year increase of 20%, and a record adjusted gross profit of $15.7 million, yielding an impressive 83% adjusted gross margin. Adjusted EBITDA climbed 25% to $6.7 million with a 35% margin. Adjusted net income rose 23% to $3.1 million, translating to $0.22 per diluted share. Free cash flow hit a record $4.8 million, driven by the addition of 266 new customers within IDI and strong growth across various verticals, including investigative, emerging markets, and financial and corporate risk sectors. The FOREWARN segment continued its growth trajectory, adding 21,091 users and reaching over 500 REALTOR associations. Despite ongoing investments in sales and marketing, the company increased its cash balance by approximately $5 million sequentially from the second quarter, underscoring its operational leverage and strategic positioning for continued growth in 2025.Record-Breaking Revenue and Growth
Revenue for the quarter was a record $19.1 million, up 20% from the previous year. Adjusted gross profit was $15.7 million with a record margin of 83%. Adjusted EBITDA increased by 25% to $6.7 million, producing a margin of 35%.
Strong Customer Onboarding and Vertical Growth
266 new customers were added sequentially in IDI, with significant growth in the investigative, emerging markets, and financial and corporate risk verticals, all achieving double-digit growth.
FOREWARN's Expansion
FOREWARN added 21,091 users in the quarter, with over 500 REALTOR associations now contracted, marking its 18th consecutive quarter of revenue growth.
Robust Free Cash Flow
Generated a record $4.8 million in free cash flow for the quarter, adding $5 million of cash to the balance sheet sequentially from the second quarter.
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RDVT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RDVT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $32.67 | $34.51 | +5.63% |
| Aug 07, 2024 | $24.19 | $27.77 | +14.80% |
| May 08, 2024 | $17.88 | $20.53 | +14.82% |
| Mar 07, 2024 | $17.91 | $17.85 | -0.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Red Violet Inc (RDVT) report earnings?
Red Violet Inc (RDVT) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Red Violet Inc (RDVT) earnings time?
Red Violet Inc (RDVT) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RDVT EPS forecast?
RDVT EPS forecast for the fiscal quarter 2024 (Q4) is 0.1.
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