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CS Disco (LAW)
NYSE:LAW
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.11Last Year’s EPS
-0.08Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. Highlights included growth in software revenue, increased high-value customers, and improvements in dollar-based net retention. The company is strategically focusing on larger customers and has introduced new product features. However, challenges remain with negative adjusted EBITDA, a decline in services revenue, a significant impairment charge, and a wider guidance range for 2025 suggesting uncertainty. Overall, the positive developments are encouraging, but the financial challenges temper the outlook.Company Guidance
In the call, CS DISCO provided detailed guidance on their financial performance and strategic priorities. For fiscal year 2024, they reported total revenue of $144.8 million, a 5% increase from the previous year, with software revenue at $120.1 million (up 7%) and services revenue at $24.7 million. Despite a negative adjusted EBITDA of $18.7 million, this represented a $7.2 million improvement from the prior year. The company ended the year with $129.1 million in cash and short-term investments, and they highlighted a 9% increase in the number of customers contributing over $100,000 in revenue. CS DISCO's dollar-based net retention improved from 92% to 96%, with software DNR increasing from 97% to 100%. Looking ahead to fiscal year 2025, the company projected total revenue between $145.5 million and $257.5 million, with adjusted EBITDA expected to range from negative $19 million to negative $15 million. The company aims to reach breakeven-adjusted EBITDA by Q4 2026.Improvement in Software Revenue
Software revenue for fiscal year 2024 was $120.1 million, up 7% over the prior year.
Increase in High-Value Customers
The number of customers contributing more than $100,000 grew by 9% year-over-year, with revenue from these customers growing at more than double the rate of those contributing less.
Positive Growth in Dollar-Based Net Retention (DNR)
Total revenue DNR improved year-over-year from 92% to 96%, and software DNR improved from 97% to 100%.
Strategic Focus on Larger Customers
The company is shifting its go-to-market strategy to focus on larger customers, which is showing early signs of success.
Introduction of New Product Features
New capabilities were introduced, such as advanced reproductions and document-level Bates numbering, enhancing the product's efficiency and international support.
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LAW 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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LAW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $5.00 | ― | ― |
| Nov 06, 2024 | $6.37 | $6.03 | -5.34% |
| Aug 08, 2024 | $5.39 | $5.26 | -2.41% |
| May 09, 2024 | $8.07 | $6.80 | -15.74% |
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 CS Disco (LAW) report earnings?
CS Disco (LAW) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is CS Disco (LAW) earnings time?
CS Disco (LAW) earnings time is at May 08, 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 LAW EPS forecast?
LAW EPS forecast for the fiscal quarter 2025 (Q1) is -0.11.
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