Red Violet (RDVT) Reports Q3 Loss of $0.09
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red violet Announces Third Quarter 2019 Financial Results
November 7, 2019 4:05 PM ESTRevenue Increases 89% to $8.3 Million with Strong Margin Expansion and Positive Cash Flow from Operating Activities
BOCA RATON, Fla.--(BUSINESS WIRE)-- Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced financial results for the quarter ended September 30, 2019.
Since our spin-off in March of 2018, we have reported seven consecutive quarters of record revenue and adjusted gross margin. Adjusted EBITDA increased over 200% from second quarter 2019 and we incurred our smallest quarterly net loss to date, stated Derek Dubner, red violets CEO. I am very proud of our... More
