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    Shawn Boyd

    Research Analyst at Next Mark Capital

    Shawn Boyd is the Founder and Portfolio Manager at Next Mark Capital, specializing in equity research and asset management with broad sector expertise. Since founding Next Mark Capital in 2012, Boyd has led investment coverage and portfolio decisions, previously honing his skills as a Portfolio Manager and Research Analyst at Westcliff Capital Management. He is known for his analytical rigor in stock selection and for managing portfolios that encompass a range of public companies, though specific performance metrics and tracked companies are not publicly disclosed. Boyd holds extensive experience in financial analysis and investment management, reflecting a deep commitment to disciplined research and professional standards.

    Shawn Boyd's questions to Red Violet (RDVT) leadership

    Shawn Boyd's questions to Red Violet (RDVT) leadership • Q4 2024

    Question

    Shawn Boyd asked for clarification on the revenue contribution from Red Violet's different market verticals and questioned the company's EBITDA margin trajectory, specifically asking if the long-term 40% target at $100 million in revenue is still valid and what to expect for 2025.

    Answer

    CFO Daniel MacLachlan stated that while specific breakdowns are not disclosed, revenue is distributed fairly consistently across the five key verticals. He emphasized that the company is in the 'early innings' in all markets, including financial services, collections, and government, with significant growth ahead. MacLachlan reaffirmed the long-term target of a 40% adjusted EBITDA margin at $100 million in revenue but guided that for 2025, margins would remain consistent with 2024 levels (around 31%) to support continued investment in strategic growth initiatives.

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