$RDVT
Red Violet, Inc.

2021 Q1 Form 10-Q Financial Statement

#000156459021026601 Filed on May 11, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $10.22M $9.300M
YoY Change 9.86% 62.19%
Cost Of Revenue $2.760M $3.290M
YoY Change -16.11% 23.22%
Gross Profit $7.460M $6.010M
YoY Change 24.13% 95.77%
Gross Profit Margin 73.02% 64.62%
Selling, General & Admin $6.771M $6.610M
YoY Change 2.44% 70.8%
% of Gross Profit 90.76% 109.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.258M $910.0K
YoY Change 38.24% 47.25%
% of Gross Profit 16.86% 15.14%
Operating Expenses $6.771M $7.520M
YoY Change -9.96% 67.86%
Operating Profit -$573.0K -$1.510M
YoY Change -62.05% 6.49%
Interest Expense $5.000K $30.00K
YoY Change -83.33% -25.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$578.0K -$1.480M
YoY Change -60.95% 7.4%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$578.0K -$1.481M
YoY Change -60.97% 7.47%
Net Earnings / Revenue -5.66% -15.92%
Basic Earnings Per Share -$0.05
Diluted Earnings Per Share -$0.05 -$127.8K
COMMON SHARES
Basic Shares Outstanding 12.21M 11.59M
Diluted Shares Outstanding 12.21M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.90M $11.45M
YoY Change 12.66% 56.42%
Cash & Equivalents $12.90M $11.45M
Short-Term Investments
Other Short-Term Assets $970.0K $1.120M
YoY Change -13.39% -13.18%
Inventory
Prepaid Expenses
Receivables $3.580M $3.040M
Other Receivables $0.00 $0.00
Total Short-Term Assets $17.45M $15.61M
YoY Change 11.79% 36.93%
LONG-TERM ASSETS
Property, Plant & Equipment $2.570M $3.130M
YoY Change -17.89% -15.63%
Goodwill $5.227M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $140.0K $230.0K
YoY Change -39.13% -57.41%
Total Long-Term Assets $35.50M $33.89M
YoY Change 4.75% 11.19%
TOTAL ASSETS
Total Short-Term Assets $17.45M $15.61M
Total Long-Term Assets $35.50M $33.89M
Total Assets $52.95M $49.50M
YoY Change 6.97% 18.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.970M $2.230M
YoY Change -11.66% 3.77%
Accrued Expenses $1.450M $1.320M
YoY Change 9.85% -13.16%
Deferred Revenue $151.0K
YoY Change 208.16%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $806.0K
YoY Change
Total Short-Term Liabilities $4.680M $3.758M
YoY Change 24.53% 0.97%
LONG-TERM LIABILITIES
Long-Term Debt $1.346M $0.00
YoY Change
Other Long-Term Liabilities $1.760M $2.330M
YoY Change -24.46% -17.67%
Total Long-Term Liabilities $1.346M $2.330M
YoY Change -42.23% -17.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.680M $3.758M
Total Long-Term Liabilities $1.346M $2.330M
Total Liabilities $7.786M $6.090M
YoY Change 27.85% -7.16%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $13.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.255M
YoY Change
Treasury Stock Shares $103.1K
Shareholders Equity $45.16M $43.41M
YoY Change
Total Liabilities & Shareholders Equity $52.95M $49.50M
YoY Change 6.97% 18.2%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$578.0K -$1.481M
YoY Change -60.97% 7.47%
Depreciation, Depletion And Amortization $1.258M $910.0K
YoY Change 38.24% 47.25%
Cash From Operating Activities $1.232M $1.249M
YoY Change -1.36% -205.31%
INVESTING ACTIVITIES
Capital Expenditures $46.00K $33.00K
YoY Change 39.39% 120.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.293M -$1.571M
YoY Change -17.7% 8.72%
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
YoY Change
NET CHANGE
Cash From Operating Activities 1.232M 1.249M
Cash From Investing Activities -1.293M -1.571M
Cash From Financing Activities 0.000
Net Change In Cash -61.00K -322.0K
YoY Change -81.06% -87.76%
FREE CASH FLOW
Cash From Operating Activities $1.232M $1.249M
Capital Expenditures $46.00K $33.00K
Free Cash Flow $1.186M $1.216M
YoY Change -2.47% -201.25%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q1 us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
CY2021Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2020Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
449000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
504000
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
5038000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1908000
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
1346000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1703000
CY2021Q1 us-gaap Liabilities
Liabilities
7786000
CY2020Q4 us-gaap Liabilities
Liabilities
8649000
CY2021Q1 us-gaap Common Stock Value
CommonStockValue
13000
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
13000
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-314000
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
394000
CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-63000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
42084000
CY2020Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
2809000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
43412000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
43345000
CY2021Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
2397000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-578000
CY2021Q1 us-gaap Interest Expense
InterestExpense
5000
CY2020Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
91000
CY2020Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-755000
CY2020Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
79000
CY2020Q1 rdvt Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-117000
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1249000
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
33000
CY2020Q1 us-gaap Payments For Software
PaymentsForSoftware
1538000
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1571000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-322000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
11454000
CY2020Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
588000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
5075000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
5425000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4787000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3594000
CY2021Q1 rdvt Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
4987000
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12167327
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12167327
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2046000
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2221000
CY2021Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
351000
CY2020Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
588000
CY2021Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
2397000
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
2809000
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2152000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2152000
CY2021Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
806000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
449000
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1346000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1703000
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2152000
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
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
168000
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
168000
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
179000
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
175000
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y7M6D
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
544000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
743000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
765000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
542000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
77000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2671000
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
567000
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1760000
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2327000
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
344000
CY2021Q1 rdvt Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
2122000
CY2020Q1 rdvt Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
2132000
CY2021Q1 us-gaap Contractual Obligation
ContractualObligation
8688000
CY2021Q1 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
5295000
CY2021Q1 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
2492000
CY2021Q1 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
423000
CY2021Q1 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
217000
CY2021Q1 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
224000
CY2021Q1 rdvt Contractual Obligation Due After Four Years
ContractualObligationDueAfterFourYears
37000
CY2021Q1 us-gaap Contractual Obligation
ContractualObligation
8688000
CY2021Q1 rdvt Increase Decrease For Collection Customers Activities
IncreaseDecreaseForCollectionCustomersActivities
-700000
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
CY2021Q1 rdvt Deferred Amount Percentage
DeferredAmountPercentage
0.50

Files In Submission

Name View Source Status
0001564590-21-026601-index-headers.html Edgar Link pending
0001564590-21-026601-index.html Edgar Link pending
0001564590-21-026601.txt Edgar Link pending
0001564590-21-026601-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json 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
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.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_20210331.htm Edgar Link pending
rdvt-10q_20210331_htm.xml Edgar Link completed
rdvt-20210331.xsd Edgar Link pending
rdvt-20210331_cal.xml Edgar Link unprocessable
rdvt-20210331_def.xml Edgar Link unprocessable
rdvt-20210331_lab.xml Edgar Link unprocessable
rdvt-20210331_pre.xml Edgar Link unprocessable
rdvt-ex311_8.htm Edgar Link pending
rdvt-ex312_6.htm Edgar Link pending
rdvt-ex321_9.htm Edgar Link pending
rdvt-ex322_7.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending