Red Violet Q2 revenue rose 23% to USD 26.7 million; net income jumped 85% to USD 5 million, lifting diluted EPS to USD 0.34.
Gross margin widened 4 percentage points to 76%; GAAP operating income more than doubled to USD 6.1 million.
Non-GAAP adjusted EBITDA climbed 48% to USD 11.2 million, raising margin 7 percentage points to 42%.
Net cash from operations increased 42% to USD 10.6 million; cash and cash equivalents ended June 30 at USD 50 million.
Record 447 new IDI customers were added in the quarter to 10,869; an underwritten stock offering is slated to close in August with about USD 109 million in net proceeds.
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