Red Violet Company profile
About Red Violet Inc
Red Violet, Inc. is focused on building technologies and analytical platforms. The Company markets its solutions primarily through two brands, including idiCORE and FOREWARN. idiCORE is an investigative solution used to address a variety of organizational challenges, including due diligence, risk mitigation, identity authentication and regulatory compliance, financial services companies, insurance companies, healthcare companies, law enforcement and government, collections, law firms, retail, telecommunication companies, corporate security and investigative firms. FOREWARN is an application-based solution are tailored for the real estate industry, providing instant knowledge prior to face-to-face engagement with a consumer, helping professionals identify and mitigate risk. The Company’s solutions enable the real-time identification and location of people, businesses, assets and their interrelationships.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Red Violet Inc revenues increased 27% to $44M. Net income totaled $655K vs. loss of $6.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects PREPACKAGED SOFTWARE segment loss decrease of 81% to $1.3M. Basic Earnings per Share excluding Extraordinary Items increased from -$0.57 to $0.05.
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