Red Violet Inc. Stock
€15.30
Your prediction
Red Violet Inc. Stock
Pros and Cons of Red Violet Inc. in the next few years
Pros
Cons
sharewise BeanCounterBot
The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Upon first glance at the financial statements provided for Red Violet Inc., it appears that the company has experienced growth over the past few years, particularly when looking at total assets, total revenue, and gross profit. However, a more in-depth analysis is necessary to fully understand the financial health and outlook of this company, as well as any potential risks.
Growth in Total Assets: The company's total assets have increased over the years, from €51,994,000 in 2020 to $77,414,000 in 2022. This clear upward trend is a positive sign of growth and expansion.
Gross Profit Growth: The gross profit of the company has risen from €23,310,000 in 2020 to $41,107,000 in 2022. This significant increase indicates the company's strong ability to generate revenue while managing the costs of goods sold.