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CS Disco (LAW)
NYSE:LAW
Holding LAW?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.11Last Year’s EPS
-$0.01Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -18.37%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with modest revenue growth and significant strategic customer wins. However, challenges such as negative EBITDA, a decline in services revenue, and a headcount reduction were also highlighted. Despite these challenges, the company is focused on strategic restructuring and leadership changes to drive future growth.Company Guidance
During the Q3 2024 earnings call for DISCO, the company provided guidance for Q4 2024, projecting total revenue between $35.2 million and $37.2 million and software revenue between $30 million and $31 million. The anticipated adjusted EBITDA for the quarter is expected to range from negative $7.6 million to negative $5.6 million. For the full fiscal year 2024, DISCO forecasts total revenue between $143 million and $145 million, with software revenue expected to be between $119.4 million and $120 million. Despite these figures, the company is making strategic shifts, including a realignment of investments and a focus on becoming a more customer-centric organization, which involves strengthening its go-to-market strategy and enhancing internal operations.Revenue Growth
Total revenue for Q3 2024 was $36.3 million, up 4% year-over-year. Software revenue increased by 6% to $30.2 million.
Strategic Customer Wins
Signed notable customers including Fortune 500 companies and a leading online food delivery platform with multiyear agreements.
Sales and Leadership Additions
Lauren Caruso was appointed as Chief Sales Officer, and several strategic hires in the sales team were made to focus on large law firms and corporate customers.
Improved Usage Metrics
Increased involvement in larger, longer-term opportunities and improved software dollar net retention.
Cash Reserves
Ended Q3 with $126.8 million in cash, cash equivalents, and short-term investments, with no debt.
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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 |
|---|---|---|---|
| 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% |
| Feb 22, 2024 | $7.32 | $7.01 | -4.23% |
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 Feb 20, 2025, TBA Not Confirmed.
What is CS Disco (LAW) earnings time?
CS Disco (LAW) earnings time is at Feb 20, 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 2024 (Q4) is -$0.11.
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