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Mar 31, 2022
CS Disco Q1 2022 Earnings Report
CS Disco's Q1 2022 financial results were announced, with total revenue of $34.5 million, a 63% year-over-year increase.
Key Takeaways
CS Disco announced its Q1 2022 financial results, reporting a total revenue of $34.5 million, which represents a 63% increase compared to the first quarter of 2021. The company's GAAP net loss was $11.8 million, and Adjusted EBITDA was ($7.8) million.
Total revenue was $34.5 million, up 63% compared to the first quarter of 2021.
GAAP net loss was $11.8 million, compared to $2.9 million in the first quarter of 2021.
Adjusted EBITDA was ($7.8) million, compared to ($1.9) million in the first quarter of 2021.
DISCO acquired legal hold workflow solutions from Congruity360, LLC.
Forward Guidance
DISCO provided financial outlook for the second quarter and full year 2022.
Positive Outlook
- Second quarter revenue is expected to be in the range of $32.0 - $34.0 million, representing year-over-year growth between 8% and 15%.
- Full year revenue is expected to be in the range of $149.0 - $153.0 million, representing year-over-year growth between 30% and 34%.
Challenges Ahead
- Second quarter Adjusted EBITDA is expected to be in the range of ($17.0) - ($15.0) million.
- Full year Adjusted EBITDA is expected to be in the range of ($51.5) - ($43.5) million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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