$RDVT
Red Violet, Inc.

2018 Q3 Form 10-Q Financial Statement

#000156459018020212 Filed on August 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2018 Q2 2017 Q4
Revenue $4.360M $3.909M $2.710M
YoY Change 88.74% 96.14% 103.76%
Cost Of Revenue $2.230M $2.080M $1.870M
YoY Change 13.78% 13.04% 38.52%
Gross Profit $2.130M $1.830M $840.0K
YoY Change 508.57% 1120.0% -4300.0%
Gross Profit Margin 48.85% 46.82% 31.0%
Selling, General & Admin $3.308M $2.970M $3.570M
YoY Change -2.71% -75.38% 3.78%
% of Gross Profit 155.31% 162.3% 425.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $508.0K $478.0K $420.0K
YoY Change 81.43% 117.27% 110.0%
% of Gross Profit 23.85% 26.12% 50.0%
Operating Expenses $3.308M $2.970M $3.980M
YoY Change -10.11% -75.38% 9.34%
Operating Profit -$1.689M -$1.623M -$3.140M
YoY Change -49.28% -86.62% -14.21%
Interest Expense $31.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net $406.0K $129.0K
YoY Change
Pretax Income -$1.252M -$1.494M -$3.140M
YoY Change -62.4% -87.69% -14.21%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.252M -$1.494M -$3.140M
YoY Change -62.4% -87.69% -14.21%
Net Earnings / Revenue -28.72% -38.22% -115.87%
Basic Earnings Per Share
Diluted Earnings Per Share -$121.7K -$145.1K -$311.8K
COMMON SHARES
Basic Shares Outstanding 10.27M
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q3 2018 Q2 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.65M $15.84M $70.00K
YoY Change 4960.0% 9217.65%
Cash & Equivalents $12.65M $15.84M $65.00K
Short-Term Investments
Other Short-Term Assets $740.0K $840.0K $560.0K
YoY Change 42.31% 1.2%
Inventory
Prepaid Expenses
Receivables $2.185M $2.031M $1.650M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $15.57M $18.71M $2.274M
YoY Change 634.29% 874.53%
LONG-TERM ASSETS
Property, Plant & Equipment $877.0K $928.0K $1.091M
YoY Change -22.39% -8.12%
Goodwill $5.227M $5.227M $5.227M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.013M $1.098M $1.180M
YoY Change -20.24% -19.26%
Total Long-Term Assets $26.05M $24.89M $22.85M
YoY Change 18.24% 21.75%
TOTAL ASSETS
Total Short-Term Assets $15.57M $18.71M $2.274M
Total Long-Term Assets $26.05M $24.89M $22.85M
Total Assets $41.62M $43.60M $25.13M
YoY Change 72.32% 94.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.500M $1.390M $2.578M
YoY Change 47.06% 43.3%
Accrued Expenses $2.180M $3.140M $4.780M
YoY Change -70.01% -66.35%
Deferred Revenue $33.00K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.700M $4.590M $7.389M
YoY Change -55.64% -55.65%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $189.0K
YoY Change -62.2%
Total Long-Term Liabilities $0.00 $189.0K $0.00
YoY Change -62.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.700M $4.590M $7.389M
Total Long-Term Liabilities $0.00 $189.0K $0.00
Total Liabilities $3.700M $4.779M $7.389M
YoY Change -55.64% -55.95%
SHAREHOLDERS EQUITY
Retained Earnings -$1.494M
YoY Change
Common Stock $10.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $37.92M $38.82M $17.74M
YoY Change
Total Liabilities & Shareholders Equity $41.62M $43.60M $25.13M
YoY Change 72.34% 94.97%

Cashflow Statement

Concept 2018 Q3 2018 Q2 2017 Q4
OPERATING ACTIVITIES
Net Income -$1.252M -$1.494M -$3.140M
YoY Change -62.4% -87.69% -14.21%
Depreciation, Depletion And Amortization $508.0K $478.0K $420.0K
YoY Change 81.43% 117.27% 110.0%
Cash From Operating Activities -$1.570M -$2.410M -$2.510M
YoY Change -61.33% 5.7% 27.41%
INVESTING ACTIVITIES
Capital Expenditures -$1.620M -$1.540M -$1.180M
YoY Change -5.81% -6.1% -37.23%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.620M -$1.540M -$1.180M
YoY Change -5.81% -6.1% -37.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 3.500M
YoY Change -100.0% -100.0% -14.0%
NET CHANGE
Cash From Operating Activities -1.570M -2.410M -2.510M
Cash From Investing Activities -1.620M -1.540M -1.180M
Cash From Financing Activities 0.000 0.000 3.500M
Net Change In Cash -3.190M -3.950M -190.0K
YoY Change -3644.44% -2423.53% -186.36%
FREE CASH FLOW
Cash From Operating Activities -$1.570M -$2.410M -$2.510M
Capital Expenditures -$1.620M -$1.540M -$1.180M
Free Cash Flow $50.00K -$870.0K -$1.330M
YoY Change -102.14% 35.94% 1377.78%

Facts In Submission

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IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
greater than 50%
CY2018Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
rdvt Spin Off Transaction Completed Date
SpinOffTransactionCompletedDate
2018-03-26
rdvt Spin Off Transaction Record Date
SpinOffTransactionRecordDate
2018-03-19
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
49000
CY2017Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
1427000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
395000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
2076000
CY2018Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
49000
CY2017Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1225000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
214000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1683000
CY2018Q2 rdvt Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
1361000
CY2017Q2 rdvt Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
1148000
rdvt Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
2653000
rdvt Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
2179000
CY2018Q2 us-gaap Contractual Obligation
ContractualObligation
21295000
CY2018Q2 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
2663000
CY2018Q2 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
6230000
CY2018Q2 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
6325000
CY2018Q2 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
4775000
CY2018Q2 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
1302000

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