Red Violet
Market Cap
US$285.1m
Last Updated
2020/02/21 02:17 UTC
Data Sources
Company Financials
Executive Summary
Red Violet, Inc., a software and services company, specializes in big data analysis providing cloud-based mission-critical information solutions to enterprises in various industries in the United States.
Snowflake Analysis
Flawless balance sheet with weak fundamentals.
Similar Companies
Share Price & News
How has Red Violet's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RDVT's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
7.9%
RDVT
0.06%
US Professional Services
0.06%
US Market
1 Year Return
231.7%
RDVT
29.6%
US Professional Services
19.3%
US Market
Return vs Industry: RDVT exceeded the US Professional Services industry which returned 29.6% over the past year.
Return vs Market: RDVT exceeded the US Market which returned 19.3% over the past year.
Shareholder returns
| RDVT | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.9% | 0.06% | 0.06% |
| 30 Day | 14.1% | 2.8% | 1.7% |
| 90 Day | 46.6% | 13.6% | 9.0% |
| 1 Year | 231.7%231.7% | 30.8%29.6% | 21.8%19.3% |
| 3 Year | n/a | 62.8%57.6% | 49.5%39.9% |
| 5 Year | n/a | 82.9%73.0% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is Red Violet's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
We're Hopeful That Red Violet (NASDAQ:RDVT) Will Use Its Cash Wisely1 month ago | Simply Wall St
Read This Before Selling Red Violet, Inc. (NASDAQ:RDVT) Shares2 months ago | Simply Wall St
Introducing Red Violet (NASDAQ:RDVT), The Stock That Zoomed 156% In The Last YearValuation
Is Red Violet undervalued compared to its fair value and its price relative to the market?
6.77x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate RDVT's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate RDVT's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: RDVT is unprofitable, so we can't compare its PE Ratio to the Professional Services industry average.
PE vs Market: RDVT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RDVT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RDVT is overvalued based on its PB Ratio (6.8x) compared to the US Professional Services industry average (2.7x).
Next Steps
Future Growth
How is Red Violet forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
28.4%
Forecasted Commercial Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Red Violet has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Red Violet's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Commercial Services industry.
Past Performance
How has Red Violet performed over the past 5 years?
23.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RDVT is currently unprofitable.
Growing Profit Margin: RDVT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RDVT is unprofitable, but has reduced losses over the past 5 years at a rate of 23.4% per year.
Accelerating Growth: Unable to compare RDVT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RDVT is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (10.6%).
Return on Equity
High ROE: RDVT has a negative Return on Equity (-19.64%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Red Violet's financial position?
Financial Position Analysis
Short Term Liabilities: RDVT's short term assets ($17.6M) exceed its short term liabilities ($5.0M).
Long Term Liabilities: RDVT's short term assets ($17.6M) exceed its long term liabilities ($2.6M).
Debt to Equity History and Analysis
Debt Level: RDVT is debt free.
Reducing Debt: RDVT has not had any debt for past 5 years.
Balance Sheet
Inventory Level: RDVT has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if RDVT's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: RDVT has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: RDVT has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 9% each year.
Next Steps
Dividend
What is Red Violet's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate RDVT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate RDVT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if RDVT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RDVT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RDVT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Derek Dubner (47yo)
2.5yrs
Tenure
US$3,317,978
Compensation
Mr. Derek Dubner has been Interim Chairman of Red Violet, Inc. since September 2018 and also has been its Chief Executive Officer and Director since August 2017. Mr. Dubner served as its Interim President ...
CEO Compensation Analysis
Compensation vs Market: Derek's total compensation ($USD3.32M) is above average for companies of similar size in the US market ($USD1.11M).
Compensation vs Earnings: Derek's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Interim Chairman | 2.5yrs | US$3.32m | 2.26% $6.4m | |
| President | 2.5yrs | US$2.39m | 1.29% $3.7m | |
| Chief Financial Officer | 2.5yrs | US$2.47m | no data | |
| Chief Accounting Officer | 0yrs | no data | no data | |
| Chief Technology Officer | 0yrs | no data | no data | |
| Chief Information Officer | 2.5yrs | no data | 0.22% $622.5k | |
| Director of Finance & Investor Relations | 0yrs | no data | no data | |
| Corporate Counsel & Corporate Secretary | 0yrs | no data | no data | |
| Chief Science Officer | 1.9yrs | no data | no data |
2.5yrs
Average Tenure
46yo
Average Age
Experienced Management: RDVT's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Interim Chairman | 2.5yrs | US$3.32m | 2.26% $6.4m | |
| Independent Director | 1.9yrs | US$314.25k | 0.47% $1.3m | |
| Independent Director | 1.9yrs | US$314.25k | 0.49% $1.4m | |
| Independent Director | 1.9yrs | US$193.73k | 0.23% $663.0k |
1.9yrs
Average Tenure
58.5yo
Average Age
Experienced Board: RDVT's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Red Violet, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Red Violet, Inc.
- Ticker: RDVT
- Exchange: NasdaqCM
- Founded: 2017
- Industry: Research and Consulting Services
- Sector: Commercial Services
- Market Cap: US$285.058m
- Shares outstanding: 11.54m
- Website: https://www.redviolet.com
Number of Employees
Location
- Red Violet, Inc.
- 2650 North Military Trail
- Suite 300
- Boca Raton
- Florida
- 33431
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RDVT | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Mar 2018 |
| 2KH | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 2018 |
Biography
Red Violet, Inc., a software and services company, specializes in big data analysis providing cloud-based mission-critical information solutions to enterprises in various industries in the United States. Its proprietary platform includes CORE, a cloud-based technology platform, which serves various industries within risk management. The company serves various industries, including law enforcement, government, financial services, insurance, and corporate risk for identity verification, risk assessment, fraud detection, and compliance. It markets its products and services through value-added distributors, resellers, and strategic partners; and trade shows and seminars, advertising, public relations, distribution of sales literature, and product specifications and ongoing communication with prospective clients, distributors, resellers, strategic partners, and installed base of current clients, as well as through direct sales. The company was incorporated in 2017 and is headquartered in Boca Raton, Florida.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/21 02:17 |
| End of Day Share Price | 2020/02/20 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.