Loading...
•
Jun 30, 2024
CS Disco Q2 2024 Earnings Report
Reported total revenue of $36.0 million, a year-over-year increase of 5%.
Key Takeaways
CS Disco, Inc. announced its second quarter 2024 financial results, with total revenue reaching $36.0 million, a 5% increase compared to the second quarter of 2023. The company's GAAP net loss was $10.8 million, an improvement from the $14.9 million loss in the same period last year. Adjusted EBITDA was $(4.7) million, also an improvement from $(7.4) million in the second quarter of 2023.
Total revenue was $36.0 million, up 5% year-over-year.
Software revenue was $29.3 million, up 8% compared to the second quarter of 2023.
GAAP net loss was $10.8 million, compared to $14.9 million in the second quarter of 2023.
Adjusted EBITDA was $(4.7) million, compared to $(7.4) million in the second quarter of 2023.
Forward Guidance
DISCO is issuing the following outlook for the third quarter of 2024 and fiscal year 2024:
Positive Outlook
- Software revenue in the range of $29.5 million - $30.5 million for Q3 2024.
- Total revenue in the range of $35.3 million - $37.3 million for Q3 2024.
- Adjusted EBITDA in the range of $(7.0) million - $(5.0) million for Q3 2024.
- Software revenue guidance in the range of $118.5 million - $120.5 million for fiscal year 2024.
- Total revenue guidance in the range of $143.0 million - $147.0 million for fiscal year 2024.
Challenges Ahead
- Adjusted EBITDA in the range of $(23.0) million - $(19.0) million for fiscal year 2024.
- DISCO’s third quarter and fiscal year 2024 financial outlook is based on assumptions that are subject to change, many of which are outside of its control.
- If actual results vary from these assumptions, these expectations may change.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...