$RDVT
Red Violet, Inc.

2020 Q4 Form 10-K Financial Statement

#000156459021012098 Filed on March 10, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019
Revenue $8.960M $9.050M $30.29M
YoY Change -0.99% 92.14% 85.78%
Cost Of Revenue $2.690M $3.410M $12.26M
YoY Change -21.11% 48.26% 41.9%
Gross Profit $6.270M $5.640M $18.03M
YoY Change 11.17% 135.0% 135.38%
Gross Profit Margin 69.98% 62.32% 59.53%
Selling, General & Admin $6.940M $9.670M $26.35M
YoY Change -28.23% 145.43% 100.24%
% of Gross Profit 110.69% 171.45% 146.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.200M $840.0K $2.889M
YoY Change 42.86% 50.0% 44.74%
% of Gross Profit 19.14% 14.89% 16.02%
Operating Expenses $8.140M $10.51M $29.24M
YoY Change -22.55% 133.56% 122.21%
Operating Profit -$1.870M -$4.870M -$11.21M
YoY Change -61.6% 131.9% 49.65%
Interest Expense -$10.00K $10.00K $136.0K
YoY Change -200.0% -80.0% 61.9%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0%
Pretax Income -$1.880M -$4.860M -$11.08M
YoY Change -61.32% 138.24% 61.27%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.880M -$4.860M -$11.08M
YoY Change -61.32% 138.24% 61.27%
Net Earnings / Revenue -20.98% -53.7% -36.57%
Basic Earnings Per Share
Diluted Earnings Per Share -$154.4K -$420.4K -$1.030M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q4 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.96M $11.78M $11.78M
YoY Change 10.02% 18.39% 18.39%
Cash & Equivalents $12.96M $11.78M $11.78M
Short-Term Investments
Other Short-Term Assets $580.0K $720.0K $720.0K
YoY Change -19.44% -22.58% -22.58%
Inventory
Prepaid Expenses
Receivables $3.201M $3.543M $3.540M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $16.74M $16.04M $16.04M
YoY Change 4.35% 21.99% 21.98%
LONG-TERM ASSETS
Property, Plant & Equipment $558.0K $660.0K $3.280M
YoY Change -15.45% -22.54% 285.88%
Goodwill $5.227M $5.227M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $139.0K $289.0K $290.0K
YoY Change -51.9% -53.98% -53.97%
Total Long-Term Assets $35.26M $32.83M $32.83M
YoY Change 7.39% 23.06% 23.05%
TOTAL ASSETS
Total Short-Term Assets $16.74M $16.04M $16.04M
Total Long-Term Assets $35.26M $32.83M $32.83M
Total Assets $51.99M $48.87M $48.87M
YoY Change 6.39% 22.71% 22.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.075M $2.138M $2.140M
YoY Change -2.95% -4.81% -4.89%
Accrued Expenses $2.010M $2.060M $1.960M
YoY Change -2.43% 60.94% 250.0%
Deferred Revenue $504.0K $128.0K
YoY Change 293.75% 392.31%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $449.0K $0.00
YoY Change
Total Short-Term Liabilities $5.038M $4.328M $4.330M
YoY Change 16.4% 21.95% 21.97%
LONG-TERM LIABILITIES
Long-Term Debt $1.703M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.910M $2.460M $2.460M
YoY Change -22.36%
Total Long-Term Liabilities $1.703M $2.460M $2.460M
YoY Change -30.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.038M $4.328M $4.330M
Total Long-Term Liabilities $1.703M $2.460M $2.460M
Total Liabilities $8.649M $6.787M $6.790M
YoY Change 27.43% 91.24% 91.27%
SHAREHOLDERS EQUITY
Retained Earnings -$22.67M -$15.86M
YoY Change 42.96% 231.52%
Common Stock $13.00K $12.00K
YoY Change 8.33% 20.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $1.255M
YoY Change -100.0%
Treasury Stock Shares $0.00 $103.1K
Shareholders Equity $43.35M $42.08M $42.08M
YoY Change
Total Liabilities & Shareholders Equity $51.99M $48.87M $48.87M
YoY Change 6.39% 22.71% 22.7%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019
OPERATING ACTIVITIES
Net Income -$1.880M -$4.860M -$11.08M
YoY Change -61.32% 138.24% 61.27%
Depreciation, Depletion And Amortization $1.200M $840.0K $2.889M
YoY Change 42.86% 50.0% 44.74%
Cash From Operating Activities $1.770M $1.210M $1.647M
YoY Change 46.28% -197.58% -120.45%
INVESTING ACTIVITIES
Capital Expenditures -$1.250M -$1.520M $90.00K
YoY Change -17.76% 4.83% 0.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.250M -$1.520M -$6.002M
YoY Change -17.76% 4.83% 0.02%
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 0.000 -1.260M 6.181M
YoY Change -100.0% -74.18%
NET CHANGE
Cash From Operating Activities 1.770M 1.210M 1.647M
Cash From Investing Activities -1.250M -1.520M -6.002M
Cash From Financing Activities 0.000 -1.260M 6.181M
Net Change In Cash 520.0K -1.570M 1.826M
YoY Change -133.12% -41.64% -81.53%
FREE CASH FLOW
Cash From Operating Activities $1.770M $1.210M $1.647M
Capital Expenditures -$1.250M -$1.520M $90.00K
Free Cash Flow $3.020M $2.730M $1.557M
YoY Change 10.62% 1200.0% -119.12%

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<p style="margin-top:10pt;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:10pt;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 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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CY2020 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.
CY2020 rdvt Contract With Customer Liability Revenue Recognition Period
ContractWithCustomerLiabilityRevenueRecognitionPeriod
P12M
CY2020 rdvt Contract With Customer Liability Additional Renewal Of Contract Period
ContractWithCustomerLiabilityAdditionalRenewalOfContractPeriod
P12M
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
504000
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
128000
CY2019 rdvt Contract With Customer Liability Revenue Recognized Period
ContractWithCustomerLiabilityRevenueRecognizedPeriod
P12M
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
128000
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
128000
CY2020 rdvt Revenue Remaining Performance Obligation Specified Period Over Which Subscription Contracts Terms Exceed
RevenueRemainingPerformanceObligationSpecifiedPeriodOverWhichSubscriptionContractsTermsExceed
P12M
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
18000
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
7000
CY2020 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
85000
CY2019 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
108000
CY2020 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
greater than 50%
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-top:10pt;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;">(s) Significant concentrations and risks</p> <p style="margin-top:10pt;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:10pt;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, 2020 and 2019, 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:10pt;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:10pt;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 year ended December 31, 2020, no individual customer accounted for more than 10% of the total revenue. For the year ended December 31, 2019, one individual customer accounted for 15% of the total revenue.</span></p> <p style="margin-top:10pt;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, 2020 and 2019, 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:10pt;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:10pt;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;">The Company’s 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 the Company’s largest data supplier. The Company’s other data suppliers include strategic partners, as well as various government and public records databases. The Company’s largest data supplier, with whom the Company has expanded its relationship while securing what it believes to be favorable business terms over the years, accounted for 46% of the Company’s total data acquisition costs for the year ended December 31, 2020 compared to 40% for the year ended December 31, 2019. 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 the Company and the Company 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 $5.7 million. If the Company is unable to maintain its relationship with its largest data supplier, its ability to provide products and services could be negatively impacted, as it 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 its reputation, business, financial condition and results of operations and, if it is unable to establish a similar relationship with other data suppliers over time, could have a long-term material impact on its business and financial condition.</span></p> <p style="margin-top:10pt;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, 2020, among data suppliers, two data suppliers accounted for 40% and 16% of the Company’s total accounts payable, respectively. As of December 31, 2019, among data suppliers, one data supplier accounted for 43% of the Company’s total accounts payable.</span></p>
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-6813000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-11076000
CY2020 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
11863413
CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10762881
CY2020 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.57
CY2019 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.03
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
3239000
CY2019Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
3583000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
38000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
40000
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3201000
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3543000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
40000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
77000
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
406000
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
582000
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
408000
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
619000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
38000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
40000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1430000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1510000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
872000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
850000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
558000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
660000
CY2020 us-gaap Depreciation
Depreciation
226000
CY2019 us-gaap Depreciation
Depreciation
252000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3990000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2637000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4673000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4932000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
5111000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4472000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3279000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
4703000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
27170000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1077000
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
877000
CY2020Q4 rdvt Accrued Data Acquisition Costs Current
AccruedDataAcquisitionCostsCurrent
58000
CY2019Q4 rdvt Accrued Data Acquisition Costs Current
AccruedDataAcquisitionCostsCurrent
142000
CY2020Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
104000
CY2019Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
447000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
219000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
105000
CY2020Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
1458000
CY2019Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
1571000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1903000
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2449000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-554000
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-359000
CY2020 rdvt Deferred Tax Expense Benefit Valuation Allowance
DeferredTaxExpenseBenefitValuationAllowance
2457000
CY2019 rdvt Deferred Tax Expense Benefit Valuation Allowance
DeferredTaxExpenseBenefitValuationAllowance
2808000
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1431000
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2326000
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-552000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies State And Local
EffectiveIncomeTaxRateReconciliationTaxContingenciesStateAndLocal
0.08
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-359000
CY2020 rdvt Effective Income Tax Rate Reconciliation Nondeductible Expense Executive Compensation Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseExecutiveCompensationPercent
-0.10
CY2019 rdvt Income Tax Reconciliation Nondeductible Executive Compensation
IncomeTaxReconciliationNondeductibleExecutiveCompensation
669000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies State And Local
EffectiveIncomeTaxRateReconciliationTaxContingenciesStateAndLocal
0.03
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-1227000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.18
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
CY2020 rdvt Income Tax Reconciliation Nondeductible Executive Compensation
IncomeTaxReconciliationNondeductibleExecutiveCompensation
656000
CY2019 rdvt Effective Income Tax Rate Reconciliation Nondeductible Expense Executive Compensation Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseExecutiveCompensationPercent
-0.06
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
97000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.01
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-120000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.01
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2457000
CY2020 rdvt Effective Income Tax Rate Reconciliation Valuation Allowance
EffectiveIncomeTaxRateReconciliationValuationAllowance
-0.36
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
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
8994000
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
6711000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1872000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1135000
CY2020Q4 rdvt Deferred Tax Assets Accounts Receivable
DeferredTaxAssetsAccountsReceivable
10000
CY2019Q4 rdvt Deferred Tax Assets Accounts Receivable
DeferredTaxAssetsAccountsReceivable
10000
CY2020Q4 rdvt Deferred Tax Assets Accrued Expense And Other Current Liabilities
DeferredTaxAssetsAccruedExpenseAndOtherCurrentLiabilities
330000
CY2019Q4 rdvt Deferred Tax Assets Accrued Expense And Other Current Liabilities
DeferredTaxAssetsAccruedExpenseAndOtherCurrentLiabilities
114000
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
11206000
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
7970000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7583000
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5126000
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
3623000
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2844000
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
3491000
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
2724000
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
132000
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
120000
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3623000
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2844000
CY2020 rdvt Operating Loss Carryforwards Expiration Year
OperatingLossCarryforwardsExpirationYear
2035
CY2020Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
7583000
CY2019Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
5126000
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2457000
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2808000
CY2020 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
greater than 50%
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12167327
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11657912
CY2020Q4 rdvt Treasury Stock Issued Shares
TreasuryStockIssuedShares
0
CY2019Q4 rdvt Treasury Stock Issued Shares
TreasuryStockIssuedShares
103147
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 Treasury Stock Shares
TreasuryStockShares
103147
CY2019Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1255000
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
0
CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
0
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8064000
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9913000
CY2020 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1838000
CY2019 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
788000
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
9902000
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
10701000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2152000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
449000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1703000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2152000
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
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
672000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
672000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
704000
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
0.08
CY2018Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.080
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y9M18D
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
724000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
743000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
765000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
542000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
77000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2851000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
552000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1908000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2460000
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
391000
CY2020 rdvt Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
8493000
CY2019 rdvt Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
7507000
CY2020Q4 us-gaap Contractual Obligation
ContractualObligation
10888000
CY2020Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
7495000
CY2020Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
2492000
CY2020Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
423000
CY2020Q4 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
217000
CY2020Q4 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
224000
CY2020Q4 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
37000
CY2020Q4 us-gaap Contractual Obligation
ContractualObligation
10888000
CY2020Q4 rdvt Increase Decrease For Collection Customers Activities
IncreaseDecreaseForCollectionCustomersActivities
-900000
CY2020Q2 rdvt Number Of Customers
NumberOfCustomers
152
CY2020Q2 us-gaap Loss Contingency Accrual Product Liability Discount
LossContingencyAccrualProductLiabilityDiscount
342000
CY2020Q3 rdvt Number Of Customers
NumberOfCustomers
22
CY2020Q3 us-gaap Loss Contingency Accrual Product Liability Discount
LossContingencyAccrualProductLiabilityDiscount
94000
CY2020Q4 rdvt Number Of Customers
NumberOfCustomers
7
CY2020Q4 us-gaap Loss Contingency Accrual Product Liability Discount
LossContingencyAccrualProductLiabilityDiscount
32000
CY2020Q4 rdvt Deferred Amount Percentage
DeferredAmountPercentage
0.50

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