Red Violet Full Year 2023 Earnings: EPS: US$0.97 (vs US$0.045 in FY 2022)

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Red Violet (NASDAQ:RDVT) Full Year 2023 Results

Key Financial Results

  • Revenue: US$60.2m (up 13% from FY 2022).

  • Net income: US$13.5m (up by US$12.9m from FY 2022).

  • Profit margin: 23% (up from 1.2% in FY 2022). The increase in margin was primarily driven by higher revenue.

  • EPS: US$0.97 (up from US$0.045 in FY 2022).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Red Violet's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Red Violet's balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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