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Sep 30, 2022
CS Disco Q3 2022 Earnings Report
CS Disco's financial performance saw revenue increase and customer count grow, but net loss also increased, and adjusted EBITDA decreased.
Key Takeaways
CS Disco reported a 15% year-over-year increase in total revenue, reaching $34.5 million. The customer base grew by 26% to 1,318 customers. However, the GAAP net loss increased to $20.1 million, and the adjusted EBITDA was ($13.1) million.
Total revenue increased by 15% year-over-year to $34.5 million.
Customer count grew to 1,318, a 26% increase year-over-year.
GAAP net loss was $20.1 million, compared to $9.2 million in the same quarter last year.
Adjusted EBITDA was ($13.1) million, compared to ($7.5) million in the third quarter of 2021.
Forward Guidance
DISCO projects revenue in the range of $132.0 - $136.0 million, representing year-over-year growth between 15% and 19%. Adjusted EBITDA is expected to be in the range of ($54.0) - ($50.0) million.
Positive Outlook
- Revenue growth between 15% and 19% is expected.
- Focus on operational efficiency.
- Strong customer growth.
- Leader in the IDC MarketScape.
- CFO won the Austin Business Journal Best CFO Awards.
Challenges Ahead
- Outlook is based on assumptions that are subject to change.
- Actual results may vary from expectations.
- High variability and complexity in forecasting.
- Unpredictable fluctuations in DISCO’s stock price.
- Potential impact of global events on business.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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