Quarterly results
- Identity intelligence firm's Q2 revenue rose 23% yr/yr to $26.7 mln.
- Adjusted EBITDA for Q2 grew 48% yr/yr to $11.2 mln.
- Company completed $109 mln equity offering for strategic initiatives and acquisitions.
Outlook and capital use
- Company plans to use recent $109 mln offering proceeds for working capital and potential acquisitions.
- Red Violet says it remains disciplined in capital deployment and confident in future opportunities.
Customer and user growth
- CUSTOMER GROWTH - Co added a record 447 new customers to IDI in Q2, ending the quarter with 10,869 customers.
- PRODUCT USER EXPANSION - Added 25,493 users to FOREWARN during the quarter, reaching 443,173 users.
Key details and analyst coverage
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