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KLDiscovery (KLDI)
OTHER OTC:KLDI
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 21.05%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue growth, especially with the Nebula platform, and strategic initiatives to reduce debt. However, the financial loss and reliance on credit facilities are concerning. Nevertheless, the positive aspects, especially the growth in client base and revenue, slightly outweigh the negatives, indicating an optimistic outlook.Company Guidance
During the KLDiscovery Q2 2024 earnings call, several key financial metrics and strategic initiatives were discussed. The company reported total revenue of $79 million, with legal technology revenue accounting for $72.1 million and data recovery revenue contributing $6.9 million. Notably, the Nebula platform generated $14.1 million in revenue during Q2 and has shown a 51% year-over-year growth, totaling $28.8 million year-to-date as of June 30, 2024. The number of legal technology clients increased to 6,239, up 1.4% from the previous year, while Nebula clients rose by 3% to 1,708. Despite a net loss of $25.3 million, the company achieved an adjusted EBITDA of $13.3 million. KLDiscovery is finalizing a significant transaction expected to decrease long-term debt and strengthen its financial structure, with the transaction anticipated to close in Q3 2024. The company also highlighted its focus on expanding Nebula's adoption across various sectors, including legal and medical record management, and enhancing client offerings through a client portal and franchise opportunities.Strong Revenue Performance
KLDiscovery reported total revenue of $79 million for Q2 2024, with legal technology revenue at $72.1 million and data recovery revenue at $6.9 million.
Growth in Legal Technology Clients
The number of legal technology clients increased by 1.4% year-over-year to 6,239, and Nebula clients increased by approximately 3% year-over-year to 1,708.
Nebula Platform Success
Nebula revenue increased by 51% year-over-year, contributing an incremental $8.4 million by expanding its use across legal technology engagements.
Milestone Financial Transaction
A transaction support agreement was made to significantly decrease KLDiscovery's long-term debt, with expected closing in Q3 2024.
Innovative Client Portal
The client portal provides critical case and financial metrics, with plans to introduce automated invoice availability in Q3 2024.
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KLDI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KLDI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $0.04 | $0.04 | 0.00% |
| Aug 07, 2024 | $0.09 | $0.09 | 0.00% |
| May 08, 2024 | $0.21 | $0.21 | 0.00% |
| Mar 27, 2024 | $0.25 | $0.25 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does KLDiscovery (KLDI) report earnings?
KLDiscovery (KLDI) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is KLDiscovery (KLDI) earnings time?
KLDiscovery (KLDI) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KLDI EPS forecast?
Currently, no data Available
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