$RDVT
Red Violet, Inc.

2021 Q2 Form 10-Q Financial Statement

#000156459021043514 Filed on August 11, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2020 Q1
Revenue $10.88M $7.056M $9.300M
YoY Change 54.18% -2.61% 62.19%
Cost Of Revenue $2.720M $2.590M $3.290M
YoY Change 5.02% -15.08% 23.22%
Gross Profit $8.159M $4.470M $6.010M
YoY Change 82.53% 6.68% 95.77%
Gross Profit Margin 75.0% 63.35% 64.62%
Selling, General & Admin $7.239M $6.009M $6.610M
YoY Change 20.47% -18.79% 70.8%
% of Gross Profit 88.72% 134.43% 109.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.330M $992.0K $910.0K
YoY Change 34.07% 45.67% 47.25%
% of Gross Profit 16.3% 22.19% 15.14%
Operating Expenses $7.239M $6.009M $7.520M
YoY Change 20.47% -18.79% 67.86%
Operating Profit -$410.0K -$2.532M -$1.510M
YoY Change -83.81% -34.86% 6.49%
Interest Expense -$4.000K $0.00 $30.00K
YoY Change -100.0% -25.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.761M -$2.532M -$1.480M
YoY Change -169.55% -34.23% 7.4%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $1.761M -$2.532M -$1.481M
YoY Change -169.55% -34.23% 7.47%
Net Earnings / Revenue 16.19% -35.88% -15.92%
Basic Earnings Per Share $0.14 -$0.22
Diluted Earnings Per Share $0.13 -$0.22 -$127.8K
COMMON SHARES
Basic Shares Outstanding 12.27M 11.62M 11.59M
Diluted Shares Outstanding 13.56M 11.62M

Balance Sheet

Concept 2021 Q2 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.92M $13.78M $11.45M
YoY Change 0.98% 132.77% 56.42%
Cash & Equivalents $13.92M $13.78M $11.45M
Short-Term Investments
Other Short-Term Assets $1.265M $860.0K $1.120M
YoY Change 47.09% -3.37% -13.18%
Inventory
Prepaid Expenses
Receivables $3.386M $2.691M $3.040M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $18.57M $17.33M $15.61M
YoY Change 7.11% 66.26% 36.93%
LONG-TERM ASSETS
Property, Plant & Equipment $2.492M $586.0K $3.130M
YoY Change 325.26% -19.28% -15.63%
Goodwill $5.227M $5.227M $5.227M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $137.0K $137.0K $230.0K
YoY Change 0.0% -70.15% -57.41%
Total Long-Term Assets $35.67M $34.74M $33.89M
YoY Change 2.67% 11.07% 11.19%
TOTAL ASSETS
Total Short-Term Assets $18.57M $17.33M $15.61M
Total Long-Term Assets $35.67M $34.74M $33.89M
Total Assets $54.23M $52.07M $49.50M
YoY Change 4.15% 24.86% 18.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.418M $2.723M $2.230M
YoY Change -47.93% 18.91% 3.77%
Accrued Expenses $1.345M $1.170M $1.320M
YoY Change 14.96% -16.43% -13.16%
Deferred Revenue $427.0K $151.0K $151.0K
YoY Change 182.78% 169.64% 208.16%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $702.0K
YoY Change -100.0%
Total Short-Term Liabilities $3.190M $4.741M $3.758M
YoY Change -32.71% 26.73% 0.97%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $1.450M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $1.608M $2.190M $2.330M
YoY Change -26.58% -19.19% -17.67%
Total Long-Term Liabilities $1.608M $1.450M $2.330M
YoY Change 10.9% -46.49% -17.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.190M $4.741M $3.758M
Total Long-Term Liabilities $1.608M $1.450M $2.330M
Total Liabilities $4.798M $8.383M $6.090M
YoY Change -42.77% 29.91% -7.16%
SHAREHOLDERS EQUITY
Retained Earnings -$19.87M
YoY Change 98.49%
Common Stock $12.00K
YoY Change 20.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.255M $1.255M
YoY Change
Treasury Stock Shares $103.1K $103.1K
Shareholders Equity $49.43M $43.69M $43.41M
YoY Change
Total Liabilities & Shareholders Equity $54.23M $52.07M $49.50M
YoY Change 4.15% 24.86% 18.2%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $1.761M -$2.532M -$1.481M
YoY Change -169.55% -34.23% 7.47%
Depreciation, Depletion And Amortization $1.330M $992.0K $910.0K
YoY Change 34.07% 45.67% 47.25%
Cash From Operating Activities $2.303M $1.750M $1.249M
YoY Change 31.6% 1650.0% -205.31%
INVESTING ACTIVITIES
Capital Expenditures -$1.285M -$1.580M $33.00K
YoY Change -18.67% 5.33% 120.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.285M -$1.580M -$1.571M
YoY Change -18.67% 5.33% 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 2.150M
YoY Change
NET CHANGE
Cash From Operating Activities 2.303M 1.750M 1.249M
Cash From Investing Activities -1.285M -1.580M -1.571M
Cash From Financing Activities 2.150M
Net Change In Cash 1.018M 2.320M -322.0K
YoY Change -56.12% -265.71% -87.76%
FREE CASH FLOW
Cash From Operating Activities $2.303M $1.750M $1.249M
Capital Expenditures -$1.285M -$1.580M $33.00K
Free Cash Flow $3.588M $3.330M $1.216M
YoY Change 7.75% 108.13% -201.25%

Facts In Submission

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4563000
CY2021Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
344000
CY2020Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
468000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
695000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1056000
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
2509000
CY2020Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
2810000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
4906000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
5619000
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
CY2017Q1 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P60M
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
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
168000
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
168000
us-gaap Operating Lease Cost
OperatingLeaseCost
336000
us-gaap Operating Lease Cost
OperatingLeaseCost
336000
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
180000
CY2020Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
175000
us-gaap Operating Lease Payments
OperatingLeasePayments
359000
us-gaap Operating Lease Payments
OperatingLeasePayments
350000
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M18D
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
364000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
743000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
765000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
542000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
77000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2491000
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
584000
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1608000
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2192000
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
299000
CY2021Q2 rdvt Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
2108000
CY2020Q2 rdvt Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
2171000
rdvt Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
4230000
rdvt Cost Of Non Cancellable Data Licensing Agreements
CostOfNonCancellableDataLicensingAgreements
4303000
CY2021Q2 us-gaap Contractual Obligation
ContractualObligation
12491000
CY2021Q2 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
3847000
CY2021Q2 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
3610000
CY2021Q2 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
1568000
CY2021Q2 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
1392000
CY2021Q2 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
1428000
CY2021Q2 rdvt Contractual Obligation Due After Four Years
ContractualObligationDueAfterFourYears
646000
CY2021Q2 us-gaap Contractual Obligation
ContractualObligation
12491000
CY2021Q2 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
CY2021Q2 rdvt Number Of Customers
NumberOfCustomers
5
CY2021Q2 us-gaap Loss Contingency Accrual Product Liability Discount
LossContingencyAccrualProductLiabilityDiscount
14000
CY2021Q2 rdvt Deferred Amount Percentage
DeferredAmountPercentage
0.50

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