Loading...
•
Dec 31, 2024
CS Disco Q4 2024 Earnings Report
CS Disco reported its financial results for the fourth quarter and fiscal year ended December 31, 2024.
Key Takeaways
DISCO reported a strong end to 2024 with a 4% increase in total revenue for the fourth quarter compared to the previous year. Software revenue also saw a 5% increase. Despite revenue growth, the company experienced a significant increase in GAAP net loss for the quarter.
Fourth quarter 2024 total revenue increased by 4% year-over-year to $37.0 million.
Software revenue for Q4 2024 grew by 5% compared to Q4 2023, reaching $30.8 million.
GAAP net loss for Q4 2024 was $25.2 million, a substantial increase from $5.8 million in Q4 2023.
Adjusted EBITDA for Q4 2024 was $(4.3) million, compared to $(1.0) million in Q4 2023.
Revenue by Segment
Forward Guidance
For the first quarter of 2025, DISCO expects software revenue between $30.1 million and $31.1 million, total revenue between $35.0 million and $37.0 million, and Adjusted EBITDA between $(8.0) million and $(6.0) million. For the full fiscal year 2025, the company anticipates software revenue between $124.0 million and $131.0 million, total revenue between $145.5 million and $157.5 million, and Adjusted EBITDA between $(19.0) million and $(15.0) million.
Positive Outlook
- Expected continued growth in software revenue for Q1 2025 and FY 2025.
- Anticipated increase in total revenue for Q1 2025 and FY 2025.
- Focus on driving innovation and improving execution to capitalize on opportunities.
- Continued progress in growing platform reach and extending relationships with top-tier law firms and corporations.
- Introduction of new product features like Reproductions and document-level Bates numbering to enhance offerings.
Challenges Ahead
- Expected negative Adjusted EBITDA for Q1 2025 and FY 2025.
- Financial outlook is based on assumptions subject to change and outside of the company's control.
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...