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Jun 30, 2021
CS Disco Q2 2021 Earnings Report
Reported strong revenue growth driven by the adoption of DISCO solutions.
Key Takeaways
CS Disco reported an 88% increase in total revenue compared to the second quarter of 2020, reaching $29.5 million. The company's GAAP net loss decreased to $3.1 million, and adjusted EBITDA improved to ($1.6) million.
Total revenue reached $29.5 million, an 88% increase year-over-year.
GAAP net loss was $3.1 million, improved from $5.5 million in the second quarter of 2020.
Adjusted EBITDA was ($1.6) million, compared to ($4.4) million in the second quarter of 2020.
Completed initial public offering, resulting in net proceeds of approximately $223.2 million.
Forward Guidance
DISCO provided financial outlook for the third quarter and full year 2021.
Positive Outlook
- Third quarter revenue is expected to be in the range of $25.5 - $25.9 million, representing year-over-year growth between 43% and 45%.
- Full year revenue is expected to be in the range of $103.5 - $104.3 million, representing year-over-year growth between 51% and 52%.
Challenges Ahead
- Third quarter adjusted EBITDA is expected to be in the range of ($11.1) - ($10.3) million.
- Full year adjusted EBITDA is expected to be in the range of ($24.0) - ($22.9) million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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