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Red Violet, Inc. (RDVT)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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19.30+0.21 (+1.10%)
At close: 4:00PM EDT
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  • G
    Greg
    Per CC, 1Q is on a pace for record revenue and EBIDTA. That would put rev conservatively in the $9.5 - $10M range. 2Q better still, and will have massive gain vs COVID stunted 2Q 2020. Full year then at $40+M, 20% growth over 2020.

    Almost all that incremental revenue flows to bottom line, so full year EBIDTA could nearly double the 2020 number, and net loss should be reduced significantly.

    We are well off peak sp of ~$28, and would hope for build up in that direction as we approach 1Q results showing resumption of strong growth. Now seems like a good time to get in.
    Bullish
  • D
    DOGE LIGHTNING
    seems like a direct competition for palantir??
  • a
    amazon customer
    FOREWARN, LLC, a red violet company (NASDAQ: RDVT),, today announced that Maine Listings has contracted to make FOREWARN® services available to the 5,700+ agent members in the State of Maine in an effort to promote proactive real estate agent safety.
    When they make a big deal like this it brings their product to the attention of other potential customers. A few more and i do believe we be off to the races
  • a
    amazon customer
    I recommend everybody read the transcript of the conference call . margins are up to 62% and they expect them to rise to 80 or 90 percent when they reach a run rate of $50M in revenues which they say will not be long.They say that the potential market for Forewarn is $30B and their are other markets that they are looking to access. And with only 11M shs and an even lower float, group strength rated A+ by IBD this is the type of stock that "could" be a home run. Talkin my book here so keep that in mind.
  • f
    fred
    QR was right where they said it would be; record sales quarter and cash flow positive. Note little recovery in collections revenue but we dont care due to low margin nature of that business. I thought the Forewarn customer count was very light. Wonder if they had some runoff? I estimate $10.7 million in 4Q revenue, 18% above a very strong year ago quarter.
  • f
    fred
    My guess: Going to have a sequentially down quarter and roll back into the red due to Covid restraining sales efforts. Potential customers with beaten down sales do not want to spend money on software. Should resume growth in 3Q.
  • f
    fred
    Nice rebound after a small equity financing. I bot more based on management forecast of faster sales growth in 2020. I note that y/y incremental gross margin is about 75%, in line with most software businesses.offers good margin leverage for next couple of years. The ForeWarn product has about 20,000 discreet users and appears to be experiencing rapid market penetration with real estate agents. Lots of room to run here.
  • N
    Nick
    *DJ Red Violet 1Q Loss / Share 20 cents, Sign of Dilution starting.. not sure why the ER was not posted during market hours. But post market............ Either case 2 trading days of green candle formation, caution here take partial profit just in case it turns south.
  • M
    Mike
    Just took out a $50,000 loan to buy Red Violet stock at $19.78
  • R
    RonUp
    Not a dead cat, buying today
  • M
    Mike
    Selling my $50,000 that i borrowed for Res Violet pre market as its down 4%

    Will buy in at a cheaper price

    Only lost $2,000
  • J
    J
    Total revenue increased 62% v Q1 2019, share based compensation increased 600% v Q1 2019 ($2.2M v $0.3M)... not ok.
  • M
    Mike
    Bot more
  • T
    Tom
    Big Data is so strong...this pup is heading for $100 by EOY 2021.
    Bullish
  • K
    Knight933
    Red Violet's chairman has bought over $2 million in shares ever since the spin-off. That is HUGE for a company with less than $100 million in market cap. I'm surprised RDVT is not up even more, TBH. I spoke with the company and they are so confident in their revenue growth and their path to profitability that they are not going to be holding any earnings conference calls or be doing much investor outreach until about 4 quarters from now when they are solidly profitable. This is the opposite of a "pump-and-dump". More like, "grow very quickly and be quiet while we buy more shares before others figure it out". The addressable market for the FOREWARN product is HUGE and they are successfully signing up thousands of real estate brokers. Any other longs out there with an informed opinion?
  • K
    Knight933
    Anyone have any guesses as to why the large volume selling today? I don't see any news...
  • T
    Techfan20
    Long and strong RDVT. Patiently waiting on growth to resume. Pandemic slow down is temporary.
    Bullish
  • T
    TMX
    According to the SEC complaint, Frost made at least $1.1 million. Forbes estimates his net worth at $2.6 billion. In its statement released Friday, OPKO wrote, “The SEC failed to provide notice of its intent to sue prior to filing the complaint, which contains serious factual inaccuracies.

    “Had the SEC followed its own standard procedures OPKO and Dr. Frost would gladly have provided information that would have answered a number of the SEC’s apparent questions, and filing of this lawsuit against them could have been avoided.“
  • T
    Tom
    oi mikey, why the +7% yesterday?
  • C
    Chapman_ice
    Got 2 shares of RDVT for 15 of COGT is that right? Thought it was supposed to be 1 for 6 what did I miss?