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Dec 31, 2022
CS Disco Q4 2022 Earnings Report
Announced financial results for the fourth quarter and fiscal year ended December 31, 2022.
Key Takeaways
CS Disco's total revenue was $32.5 million, a decrease of 4% compared to the fourth quarter of 2021. GAAP net loss was $18.7 million, compared to $9.1 million in the fourth quarter of 2021. Adjusted EBITDA was ($11.2) million, compared to ($5.3) million in the fourth quarter of 2021.
Total revenue was $32.5 million, down 4% compared to the fourth quarter of 2021.
GAAP net loss was $18.7 million, compared to $9.1 million in the fourth quarter of 2021.
Adjusted EBITDA was ($11.2) million, compared to ($5.3) million in the fourth quarter of 2021.
Total revenue was $135.2 million, up 18% compared to fiscal year 2021.
Forward Guidance
DISCO is issuing the following outlook for the first quarter of 2023 and fiscal year 2023:
Positive Outlook
- Revenue in the range of $30.5 - $32.5 million for Q1 2023.
- Adjusted EBITDA in the range of ($16.5) - ($14.5) million for Q1 2023.
- Revenue in the range of $135.0 - $145.0 million for FY 2023.
- Adjusted EBITDA in the range of ($42.0) - ($38.0) million for FY 2023.
- First quarter and fiscal year 2023 financial outlook is based on a number of assumptions that are subject to change and many of which are outside of its control.
Challenges Ahead
- Actual results may vary from these assumptions.
- Expectations may change if actual results vary from these assumptions.
- There can be no assurance that DISCO will achieve these results.
- Reconciliation of Adjusted EBITDA on a forward-looking basis to net loss is not available without unreasonable efforts.
Historical Earnings Impact
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