$RDVT
Red Violet, Inc.

2020 Q1 Form 10-K Financial Statement

#000156459020010508 Filed on March 12, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 2018 Q4
Revenue $9.300M $30.29M $4.710M
YoY Change 62.19% 85.78% 73.8%
Cost Of Revenue $3.290M $12.26M $2.300M
YoY Change 23.22% 41.9% 22.99%
Gross Profit $6.010M $18.03M $2.400M
YoY Change 95.77% 135.38% 185.71%
Gross Profit Margin 64.62% 59.53% 50.96%
Selling, General & Admin $6.610M $26.35M $3.940M
YoY Change 70.8% 100.24% 10.36%
% of Gross Profit 109.98% 146.15% 164.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $910.0K $2.889M $560.0K
YoY Change 47.25% 44.74% 33.33%
% of Gross Profit 15.14% 16.02% 23.33%
Operating Expenses $7.520M $29.24M $4.500M
YoY Change 67.86% 122.21% 13.07%
Operating Profit -$1.510M -$11.21M -$2.100M
YoY Change 6.49% 49.65% -33.12%
Interest Expense $30.00K $136.0K $50.00K
YoY Change -25.0% 61.9%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0%
Pretax Income -$1.480M -$11.08M -$2.040M
YoY Change 7.4% 61.27% -35.03%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.481M -$11.08M -$2.040M
YoY Change 7.47% 61.27% -35.03%
Net Earnings / Revenue -15.92% -36.57% -43.31%
Basic Earnings Per Share
Diluted Earnings Per Share -$127.8K -$1.030M -$198.6K
COMMON SHARES
Basic Shares Outstanding 11.59M 10.27M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.45M $11.78M $9.950M
YoY Change 56.42% 18.39% 14114.29%
Cash & Equivalents $11.45M $11.78M $9.950M
Short-Term Investments
Other Short-Term Assets $1.120M $720.0K $930.0K
YoY Change -13.18% -22.58% 66.07%
Inventory
Prepaid Expenses
Receivables $3.040M $3.540M $2.265M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $15.61M $16.04M $13.15M
YoY Change 36.93% 21.98% 478.23%
LONG-TERM ASSETS
Property, Plant & Equipment $3.130M $3.280M $852.0K
YoY Change -15.63% 285.88% -21.91%
Goodwill $5.227M $5.227M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $230.0K $290.0K $628.0K
YoY Change -57.41% -53.97% -46.78%
Total Long-Term Assets $33.89M $32.83M $26.68M
YoY Change 11.19% 23.05% 16.75%
TOTAL ASSETS
Total Short-Term Assets $15.61M $16.04M $13.15M
Total Long-Term Assets $33.89M $32.83M $26.68M
Total Assets $49.50M $48.87M $39.83M
YoY Change 18.19% 22.7% 58.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.230M $2.140M $2.246M
YoY Change 3.77% -4.89% -12.88%
Accrued Expenses $1.320M $1.960M $1.280M
YoY Change -13.16% 250.0% -73.22%
Deferred Revenue $151.0K $26.00K
YoY Change 208.16% -21.21%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.758M $4.330M $3.549M
YoY Change 0.97% 21.97% -51.97%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.330M $2.460M
YoY Change -17.67%
Total Long-Term Liabilities $2.330M $2.460M $0.00
YoY Change -17.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.758M $4.330M $3.549M
Total Long-Term Liabilities $2.330M $2.460M $0.00
Total Liabilities $6.090M $6.790M $3.549M
YoY Change -7.16% 91.27% -51.97%
SHAREHOLDERS EQUITY
Retained Earnings -$4.784M
YoY Change
Common Stock $10.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.255M $0.00
YoY Change
Treasury Stock Shares $103.1K $0.00
Shareholders Equity $43.41M $42.08M $36.28M
YoY Change
Total Liabilities & Shareholders Equity $49.50M $48.87M $39.83M
YoY Change 18.2% 22.7% 58.52%

Cashflow Statement

Concept 2020 Q1 2019 2018 Q4
OPERATING ACTIVITIES
Net Income -$1.481M -$11.08M -$2.040M
YoY Change 7.47% 61.27% -35.03%
Depreciation, Depletion And Amortization $910.0K $2.889M $560.0K
YoY Change 47.25% 44.74% 33.33%
Cash From Operating Activities $1.249M $1.647M -$1.240M
YoY Change -205.31% -120.45% -50.6%
INVESTING ACTIVITIES
Capital Expenditures $33.00K $90.00K -$1.450M
YoY Change 120.0% 0.0% 22.88%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.571M -$6.002M -$1.450M
YoY Change 8.72% 0.02% 22.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.436M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.181M 0.000
YoY Change -74.18% -100.0%
NET CHANGE
Cash From Operating Activities 1.249M 1.647M -1.240M
Cash From Investing Activities -1.571M -6.002M -1.450M
Cash From Financing Activities 6.181M 0.000
Net Change In Cash -322.0K 1.826M -2.690M
YoY Change -87.76% -81.53% 1315.79%
FREE CASH FLOW
Cash From Operating Activities $1.249M $1.647M -$1.240M
Capital Expenditures $33.00K $90.00K -$1.450M
Free Cash Flow $1.216M $1.557M $210.0K
YoY Change -201.25% -119.12% -115.79%

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<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">(b) Use of estimates</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of consolidated financial statements in accordance with US GAAP requires red violet’s management to make estimates and assumptions relating to the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Significant items subject to such estimates and assumptions include the allowance for doubtful accounts, useful lives of property and equipment and intangible assets, recoverability of the carrying amount of goodwill and intangible assets, share-based compensation and income tax provision. These estimates are often based on complex judgments and assumptions that management believes to be reasonable but are inherently uncertain and unpredictable. Actual results could differ from these estimates.</p>
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CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
77000
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2019 rdvt Description Of Written Notice Of Intent For Renewal Of Contract Term
DescriptionOfWrittenNoticeOfIntentForRenewalOfContractTerm
Revenue pursuant to contracts containing a monthly fee is recognized ratably over the contract period, which is generally 12 months, and the contract shall automatically renew for additional, successive 12-month terms unless written notice of intent not to renew is provided by one party to the other at least 30 days or 60 days prior to the expiration of the then current term.
CY2019 rdvt Contract With Customer Liability Revenue Recognition Period
ContractWithCustomerLiabilityRevenueRecognitionPeriod
P12M
CY2019 rdvt Contract With Customer Liability Additional Renewal Of Contract Period
ContractWithCustomerLiabilityAdditionalRenewalOfContractPeriod
P12M
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
128000
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
26000
CY2019 rdvt Contract With Customer Liability Revenue Recognized Period
ContractWithCustomerLiabilityRevenueRecognizedPeriod
P12M
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
26000
CY2019Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2929000
CY2019 rdvt Revenue Remaining Performance Obligation Specified Period Over Which Subscription Contracts Terms Exceed
RevenueRemainingPerformanceObligationSpecifiedPeriodOverWhichSubscriptionContractsTermsExceed
P12M
CY2019Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1820000
CY2019Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1106000
CY2019Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
3000
CY2019 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
108000
CY2018 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
198000
CY2019 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
greater than 50%
CY2019 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">(r) Significant concentrations and risks</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Concentration of credit risk</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Assets that potentially subject the Company to significant concentration of credit risk primarily consist of cash and cash equivalents, and accounts receivable. As of December 31, 2019 and 2018, all of the Company’s cash and cash equivalents were deposited in financial institutions located in the United States, which management believes are of high credit quality. Accounts receivable are typically unsecured and are derived from revenue earned from customers. The risk with respect to accounts receivable is mitigated by credit evaluations the Company performs on its customers and its ongoing monitoring process of outstanding balances.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Concentration of customers</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">For the years ended December 31, 2019 and 2018, one individual customer accounted for 15% and 11% of the total revenue, respectively.</span></p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">As of December 31, 2019 and 2018, there was no individual customer that accounted for more than <span>10%</span> of the Company’s accounts receivable, net.</span></p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Concentration of suppliers</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">Our products and services depend extensively upon continued access to and receipt of data from external sources, including data received from the major credit bureaus, including our largest data supplier. The Company’s other data suppliers include strategic partners, as well as various government and public records repositories. Our largest data supplier, with whom we have expanded our relationship while securing what we believe to be favorable business terms over the years, accounted for approximately 40% of our total data acquisition costs for the year ended December 31, 2019, compared to approximately 46% for the year ended December 31, 2018. The initial term of the agreement, as amended, with this supplier ends April 30, 2022, and continues thereafter on a month-to-month basis unless and until either party provides the other with a minimum of 30 days’ written notice of termination. During the term of the agreement, either party has the right to terminate the agreement: (i) in the event of the other party’s failure to cure a material breach, and (ii) in the event of the other party’s insolvency. In addition, this supplier may terminate this agreement by providing not less than 150 days’ advance written notice to us and we may terminate this agreement by providing not less than 24 months’ advance written notice to this supplier. The remaining minimum purchase commitments through the end of the initial term is $10.4 million. If we are unable to maintain our relationship with our largest data supplier, our ability to provide products and services could be negatively impacted, as we would need to secure comparable data on similar terms, which would require significant time, expense, and resources, and may in the short-term adversely affect our reputation, business, financial condition and results of operations and, if we are unable to establish a similar relationship with other data suppliers over time, could have a long-term material impact on our business and financial condition.</span></p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">As of December 31, 2019 and 2018, among data suppliers, one data supplier accounted for 43% and 42% of the Company’s total accounts payable, respectively.</span></p>
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-11076000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-6868000
CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10762881
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10266613
CY2019 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.03
CY2018 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.67
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1000
CY2018Q1 rdvt Common Stock Distributed Shares At Spinoff
CommonStockDistributedSharesAtSpinoff
10266613
CY2019Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
3583000
CY2018Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
2342000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
40000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
77000
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3543000
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2265000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
77000
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
228000
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
582000
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
294000
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
619000
CY2018 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
445000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
40000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
77000
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
582000
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
294000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1510000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1536000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
850000
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
684000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
660000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
852000
CY2019 us-gaap Depreciation
Depreciation
252000
CY2018 us-gaap Depreciation
Depreciation
266000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2637000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1730000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3729000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3898000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3896000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3820000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3180000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
5511000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
24034000
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-359000
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1543000
CY2019 rdvt Deferred Tax Expense Benefit Valuation Allowance
DeferredTaxExpenseBenefitValuationAllowance
2808000
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
877000
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
284000
CY2019Q4 rdvt Accrued Data Acquisition Costs Current
AccruedDataAcquisitionCostsCurrent
142000
CY2018Q4 rdvt Accrued Data Acquisition Costs Current
AccruedDataAcquisitionCostsCurrent
273000
CY2019Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
447000
CY2018Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
345000
CY2018Q4 rdvt Litigation Settlement Payable Current
LitigationSettlementPayableCurrent
175000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
105000
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
200000
CY2019Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
1571000
CY2018Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
1277000
CY2018 rdvt Transition Service Income
TransitionServiceIncome
218000
CY2018 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
350000
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2449000
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
7979000
CY2018 rdvt Deferred Tax Expense Benefit Valuation Allowance
DeferredTaxExpenseBenefitValuationAllowance
-9522000
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2326000
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1442000
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-359000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies State And Local
EffectiveIncomeTaxRateReconciliationTaxContingenciesStateAndLocal
0.03
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1543000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies State And Local
EffectiveIncomeTaxRateReconciliationTaxContingenciesStateAndLocal
-0.225
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-672000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.06
CY2019 rdvt Income Tax Reconciliation Nondeductible Executive Compensation
IncomeTaxReconciliationNondeductibleExecutiveCompensation
669000
CY2019 rdvt Effective Income Tax Rate Reconciliation Nondeductible Expense Executive Compensation Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseExecutiveCompensationPercent
-0.06
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-120000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.01
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
11000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.002
CY2018 rdvt Income Tax Reconciliation Effect Of Spin Off
IncomeTaxReconciliationEffectOfSpinOff
9410000
CY2018 rdvt Effective Income Tax Rate Reconciliation Effect Of Spin Off
EffectiveIncomeTaxRateReconciliationEffectOfSpinOff
-1.370
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2808000
CY2019 rdvt Effective Income Tax Rate Reconciliation Valuation Allowance
EffectiveIncomeTaxRateReconciliationValuationAllowance
-0.25
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-9522000
CY2018 rdvt Effective Income Tax Rate Reconciliation Valuation Allowance
EffectiveIncomeTaxRateReconciliationValuationAllowance
1.387
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
6711000
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
3836000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1135000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
128000
CY2019Q4 rdvt Deferred Tax Assets Accounts Receivable
DeferredTaxAssetsAccountsReceivable
10000
CY2018Q4 rdvt Deferred Tax Assets Accounts Receivable
DeferredTaxAssetsAccountsReceivable
18000
CY2019Q4 rdvt Deferred Tax Assets Accrued Expense And Other Current Liabilities
DeferredTaxAssetsAccruedExpenseAndOtherCurrentLiabilities
114000
CY2018Q4 rdvt Deferred Tax Assets Accrued Expense And Other Current Liabilities
DeferredTaxAssetsAccruedExpenseAndOtherCurrentLiabilities
128000
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
7970000
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4110000
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5126000
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2318000
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2844000
CY2018Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1792000
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
2724000
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
1660000
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
120000
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
132000
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2844000
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1792000
CY2019 rdvt Operating Loss Carryforwards Expiration Year
OperatingLossCarryforwardsExpirationYear
2034
CY2019Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
5126000
CY2018Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
2318000
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2808000
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-9522000
CY2019 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
greater than 50%
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2019 rdvt Spin Off Transaction Record Date
SpinOffTransactionRecordDate
2018-03-19
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2018Q1 rdvt Common Stock Distributed Shares At Spinoff
CommonStockDistributedSharesAtSpinoff
10266613
CY2019 rdvt Spin Off Transaction Completed Date
SpinOffTransactionCompletedDate
2018-03-26
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11657912
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10266613
CY2019Q4 rdvt Treasury Stock Issued Shares
TreasuryStockIssuedShares
103147
CY2018Q4 rdvt Treasury Stock Issued Shares
TreasuryStockIssuedShares
0
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
103147
CY2019Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1255000
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
0
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2019 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
681000
CY2019Q4 us-gaap Share Price
SharePrice
11.00
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7436000
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9913000
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
709000
CY2019 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
788000
CY2018 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
437000
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
10701000
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
1146000
CY2017Q1 us-gaap Land Subject To Ground Leases
LandSubjectToGroundLeases
21020
CY2017Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P89M
CY2017Q2 us-gaap Land Subject To Ground Leases
LandSubjectToGroundLeases
6003
CY2017Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P90M
CY2017Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P60M
CY2019Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
5615000
CY2019Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
1652000
CY2019Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
245000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
672000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
687000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3042000
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.080
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.080
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M18D
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
705000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
724000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
743000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
765000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
542000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
77000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3556000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
491000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2459000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2950000
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
606000
CY2019 rdvt Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
7507000
CY2018 rdvt Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
5550000
CY2019Q4 us-gaap Contractual Obligation
ContractualObligation
14773000
CY2019Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
7506000
CY2019Q4 us-gaap Contractual Obligation
ContractualObligation
14773000

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