Red Violet Inc (OQ:RDVT)
Business Focus: Software
| Sector: Technology | Industry: Software |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2650 N Military Trl Ste 300 BOCA RATON FL 33431-6345 |
| Tel: | 1-561-7574500 |
| Website: | https://redviolet.com |
| IR: | See website |
| Key People | ||
| Derek Dubner Chairman of the Board, Chief Executive Officer | James Patrick Reilly President | Daniel MacLachlan Chief Financial Officer | Jeffrey Alan Dell Chief Information Officer |
| Business Overview |
| Red Violet, Inc. is a software and services company. The Company is engaged in building proprietary technologies and applying analytical capabilities to deliver identity intelligence. Its solutions enable the real-time identification and location of people, businesses, assets, and their interrelationships. These solutions are used for purposes including risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition. The Company's AI/ML-driven identity intelligence platform, CORE, is purpose-built for the enterprise, flexible enough for organizations of all sizes, bringing clarity to massive datasets by transforming data into intelligence. The CORE platform provides essential solutions to public and private sector organizations through easy-to-use analytical interfaces. It markets its solutions primarily through two brands, IDI and FOREWARN. IDI is an analytics and information solutions provider. |
| Financial Overview |
| For the three months ended 31 March 2024, Red Violet Inc revenues increased 20% to $17.5M. Net income increased from $716K to $1.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Sales and marketing expens decrease of 5% to $3.6M (expense), Interest income, net increase of 28% to $365K (income), Stock-based Compen decrease of 1% to $1.3M (expense). |
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