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Sep 30, 2024
CS Disco Q3 2024 Earnings Report
Reported total revenue of $36.3 million, a year over year increase of 4%.
Key Takeaways
CS Disco reported a 4% increase in total revenue to $36.3 million for Q3 2024. The company's GAAP net loss was $9.2 million, compared to $1.0 million in the third quarter of 2023.
Total revenue was $36.3 million, up 4% compared to the third quarter of 2023.
Software revenue was $30.2 million, up 6% compared to the third quarter of 2023.
GAAP net loss was $9.2 million, compared to $1.0 million in the third quarter of 2023.
Adjusted EBITDA was $(4.5) million in the third quarter of 2024 and 2023.
Forward Guidance
DISCO is issuing the following outlook for the fourth quarter of 2024 and fiscal year 2024:
Positive Outlook
- Software revenue in the range of $30.0 million - $31.0 million for Q4 2024.
- Total revenue in the range of $35.2 million - $37.2 million for Q4 2024.
- Adjusted EBITDA in the range of $(7.6) million - $(5.6) million for Q4 2024.
- Software revenue guidance in the range of $119.4 million - $120.4 million for fiscal year 2024.
- Total revenue guidance in the range of $143.0 million - $145.0 million for fiscal year 2024.
Challenges Ahead
- Adjusted EBITDA in the range of $(22.0) million - $(20.0) million for fiscal year 2024.
- DISCO’s fourth 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
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Avg. Return Before/After Earnings
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