$RDVT
Red Violet, Inc.

2018 Q4 Form 10-Q Financial Statement

#000156459018028035 Filed on November 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3
Revenue $4.710M $4.360M
YoY Change 73.8% 88.74%
Cost Of Revenue $2.300M $2.230M
YoY Change 22.99% 13.78%
Gross Profit $2.400M $2.130M
YoY Change 185.71% 508.57%
Gross Profit Margin 50.96% 48.85%
Selling, General & Admin $3.940M $3.308M
YoY Change 10.36% -2.71%
% of Gross Profit 164.17% 155.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $560.0K $508.0K
YoY Change 33.33% 81.43%
% of Gross Profit 23.33% 23.85%
Operating Expenses $4.500M $3.308M
YoY Change 13.07% -10.11%
Operating Profit -$2.100M -$1.689M
YoY Change -33.12% -49.28%
Interest Expense $50.00K $31.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00 $406.0K
YoY Change
Pretax Income -$2.040M -$1.252M
YoY Change -35.03% -62.4%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.040M -$1.252M
YoY Change -35.03% -62.4%
Net Earnings / Revenue -43.31% -28.72%
Basic Earnings Per Share
Diluted Earnings Per Share -$198.6K -$121.7K
COMMON SHARES
Basic Shares Outstanding 10.27M 10.27M
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.950M $12.65M
YoY Change 14114.29% 4960.0%
Cash & Equivalents $9.950M $12.65M
Short-Term Investments
Other Short-Term Assets $930.0K $740.0K
YoY Change 66.07% 42.31%
Inventory
Prepaid Expenses
Receivables $2.265M $2.185M
Other Receivables $0.00 $0.00
Total Short-Term Assets $13.15M $15.57M
YoY Change 478.23% 634.29%
LONG-TERM ASSETS
Property, Plant & Equipment $852.0K $877.0K
YoY Change -21.91% -22.39%
Goodwill $5.227M $5.227M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $628.0K $1.013M
YoY Change -46.78% -20.24%
Total Long-Term Assets $26.68M $26.05M
YoY Change 16.75% 18.24%
TOTAL ASSETS
Total Short-Term Assets $13.15M $15.57M
Total Long-Term Assets $26.68M $26.05M
Total Assets $39.83M $41.62M
YoY Change 58.52% 72.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.246M $1.500M
YoY Change -12.88% 47.06%
Accrued Expenses $1.280M $2.180M
YoY Change -73.22% -70.01%
Deferred Revenue $26.00K
YoY Change -21.21%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.549M $3.700M
YoY Change -51.97% -55.64%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.549M $3.700M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $3.549M $3.700M
YoY Change -51.97% -55.64%
SHAREHOLDERS EQUITY
Retained Earnings -$4.784M
YoY Change
Common Stock $10.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares $0.00
Shareholders Equity $36.28M $37.92M
YoY Change
Total Liabilities & Shareholders Equity $39.83M $41.62M
YoY Change 58.52% 72.34%

Cashflow Statement

Concept 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income -$2.040M -$1.252M
YoY Change -35.03% -62.4%
Depreciation, Depletion And Amortization $560.0K $508.0K
YoY Change 33.33% 81.43%
Cash From Operating Activities -$1.240M -$1.570M
YoY Change -50.6% -61.33%
INVESTING ACTIVITIES
Capital Expenditures -$1.450M -$1.620M
YoY Change 22.88% -5.81%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.450M -$1.620M
YoY Change 22.88% -5.81%
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
YoY Change -100.0% -100.0%
NET CHANGE
Cash From Operating Activities -1.240M -1.570M
Cash From Investing Activities -1.450M -1.620M
Cash From Financing Activities 0.000 0.000
Net Change In Cash -2.690M -3.190M
YoY Change 1315.79% -3644.44%
FREE CASH FLOW
Cash From Operating Activities -$1.240M -$1.570M
Capital Expenditures -$1.450M -$1.620M
Free Cash Flow $210.0K $50.00K
YoY Change -115.79% -102.14%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12646000
dei Entity Central Index Key
EntityCentralIndexKey
0001720116
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Period End Date
DocumentPeriodEndDate
2018-09-30
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2018Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
10266613
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
dei Trading Symbol
TradingSymbol
RDVT
dei Entity Registrant Name
EntityRegistrantName
RED VIOLET, INC.
CY2018Q3 us-gaap Assets Current
AssetsCurrent
15567000
CY2017Q4 us-gaap Goodwill
Goodwill
5227000
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1180000
CY2017Q4 us-gaap Assets
Assets
25125000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
65000
CY2018Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2185000
CY2017Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1650000
CY2018Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
736000
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
559000
CY2017Q4 us-gaap Assets Current
AssetsCurrent
2274000
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
877000
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1091000
CY2018Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
18931000
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15353000
CY2018Q3 us-gaap Goodwill
Goodwill
5227000
CY2018Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1013000
CY2018Q3 us-gaap Assets
Assets
41615000
CY2018Q3 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
1503000
CY2017Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
919000
CY2018Q3 rdvt Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
2179000
CY2017Q4 rdvt Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
6437000
CY2018Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
15000
CY2017Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
33000
CY2018Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
31000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
31000
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
406000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
535000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4830000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-18360000
us-gaap Net Income Loss
NetIncomeLoss
-4830000
us-gaap Net Income Loss
NetIncomeLoss
-18360000
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.47
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.79
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10266613
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10266613
us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
24264000
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
748000
us-gaap Share Based Compensation
ShareBasedCompensation
432000
us-gaap Share Based Compensation
ShareBasedCompensation
2246000
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
63000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
246000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
177000
rdvt Allocated Expenses From Related Party
AllocatedExpensesFromRelatedParty
325000
rdvt Allocated Expenses From Related Party
AllocatedExpensesFromRelatedParty
2849000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
781000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
834000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
177000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-266000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-167000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-178000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-18000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
584000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
96000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-4258000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
4784000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-28000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
528000
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
458000
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2331000
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2330000
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2328000
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2327000
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
9157000
us-gaap New Date Of Annual Goodwill Impairment Test
NewDateOfAnnualGoodwillImpairmentTest
October 1
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.00
us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
greater than 50%
CY2018Q3 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
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
218000
CY2017Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
563000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
432000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2246000
CY2018Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
135000
CY2017Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
236000
CY2018Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
353000
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
799000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
748000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
2875000
CY2018Q3 rdvt Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
1447000
CY2017Q3 rdvt Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
1154000
rdvt Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
4080000
rdvt Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
3333000
CY2018Q3 us-gaap Contractual Obligation
ContractualObligation
20331000
CY2018Q3 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
1444000
CY2018Q3 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
6410000
CY2018Q3 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
6400000
CY2018Q3 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
4775000
CY2018Q3 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
1302000

Files In Submission

Name View Source Status
0001564590-18-028035-index-headers.html Edgar Link pending
0001564590-18-028035-index.html Edgar Link pending
0001564590-18-028035.txt Edgar Link pending
0001564590-18-028035-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
rdvt-10q_20180930.htm Edgar Link pending
rdvt-20180930.xml Edgar Link completed
rdvt-20180930.xsd Edgar Link pending
rdvt-20180930_cal.xml Edgar Link unprocessable
rdvt-20180930_def.xml Edgar Link unprocessable
rdvt-20180930_lab.xml Edgar Link unprocessable
rdvt-20180930_pre.xml Edgar Link unprocessable
rdvt-ex102_85.htm Edgar Link pending
rdvt-ex311_9.htm Edgar Link pending
rdvt-ex312_10.htm Edgar Link pending
rdvt-ex321_8.htm Edgar Link pending
rdvt-ex322_7.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending