Cs Disco, Inc. ( (LAW) ) has released its Q4 earnings. Here is a breakdown of the information Cs Disco, Inc. presented to its investors.
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CS Disco, Inc. is a cloud-native company providing AI-powered legal solutions for enterprises, law firms, and governments, specializing in ediscovery and legal document management. The company recently released its financial results for the fourth quarter and fiscal year 2024, highlighting progress in platform reach and customer relationships. DISCO reported a 4% year-over-year increase in fourth-quarter revenue, totaling $37 million, and a 5% increase for the fiscal year, reaching $144.8 million. However, the company continues to experience net losses, with a GAAP net loss of $25.2 million for Q4 and $55.8 million for the year. Notably, DISCO expanded its customer base to 315 large clients and introduced new product features aimed at enhancing user experience. Looking ahead, DISCO forecasts software revenue between $124 million and $131 million for 2025, with total revenue ranging from $145.5 million to $157.5 million, as they continue to focus on innovation and operational improvements.
