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Stock impact report

red violet Announces First Quarter 2024 Financial Results [Yahoo! Finance]

Red Violet, Inc. (RDVT) 
Company Research Source: Yahoo! Finance
leading analytics and information solutions provider, today announced financial results for the quarter ended March 31, 2024. “We started 2024 by delivering record sales and strong operating results which reflect the inherent strength of our innovative technology and solutions, and our team's relentless commitment to delivering superior value to our customers,” stated Derek Dubner, red violet's CEO. “Our strategic initiatives, which include the expansion of our technology, product suite, and go-to-market capabilities, are paying off, and we continue to see significant opportunities ahead. We remain laser focused on driving sustainable, healthy growth and are well positioned to deliver a strong 2024.” First Quarter Financial Results For the three months ended March 31, 2024, as compared to the three months ended March 31, 2023: Total revenue increased 20% to $17.5 million. Gross profit increased 20% to $11.5 million. Gross margin remained consistent at 66%. Adjusted gross p Show less Read more
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