NYSE$LAW

CS Disco Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

CS Disco's Q1 2022 financial results were announced, with total revenue of $34.5 million, a 63% year-over-year increase.

CS Disco announced its Q1 2022 financial results, reporting a total revenue of $34.5 million, which represents a 63% increase compared to the first quarter of 2021. The company's GAAP net loss was $11.8 million, and Adjusted EBITDA was ($7.8) million.

  • Total revenue was $34.5 million, up 63% compared to the first quarter of 2021.
  • GAAP net loss was $11.8 million, compared to $2.9 million in the first quarter of 2021.
  • Adjusted EBITDA was ($7.8) million, compared to ($1.9) million in the first quarter of 2021.
  • DISCO acquired legal hold workflow solutions from Congruity360, LLC.

Headline financials

Total Revenue

$34.5M

Previous: $21.1M+63.1%
EPS (adj)

-$0.15

Previous: -$0.22+31.8%
Capital Expenditures

-$631K

Previous: $586K-207.7%
Free Cash Flow

-$12.5M

Previous: -$5.08M-145.6%
Net Income

-$11.8M

Previous: -$2.93M-304.7%
Operating Income

-$11.8M

Previous: -$2.85M-312.8%
Gross Profit

$25.5M

Previous: $15.3M+66.2%
Cash & Equivalents

$239M

Previous: $53.6M+344.8%
Total Assets

$281M

No prior period
Stock-Based Comp

$3.21M

Previous: $488K+557.0%

Revenue & EPS history

CS Disco · Revenue · Quarterly

$34.5M

Q1 2022+63.1%vs Q1 2021
Beat estimate in 9 of 10 quarters(90%)
ActualEstimate

Forward guidance

DISCO provided financial outlook for the second quarter and full year 2022.

Tailwinds

  • Second quarter revenue is expected to be in the range of $32.0 - $34.0 million, representing year-over-year growth between 8% and 15%.
  • Full year revenue is expected to be in the range of $149.0 - $153.0 million, representing year-over-year growth between 30% and 34%.

Headwinds

  • Second quarter Adjusted EBITDA is expected to be in the range of ($17.0) - ($15.0) million.
  • Full year Adjusted EBITDA is expected to be in the range of ($51.5) - ($43.5) million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.3%

Avg return

Earnings day

+1.8%

Avg return

5 days after

-6.5%

Avg return

30 days after

48%

11 / 23 earnings

Positive

+29.5%

Q3 2022

Best reaction

-53.1%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-19.7%-20.3%-18.6%
Q4 2025-15.4%+8.0%+12.9%
Q3 2025+9.6%+14.0%+19.9%
Q1 2025+9.9%+11.6%+22.6%
Q4 2024+5.0%+0.4%-10.6%
Q3 2024-0.5%-1.5%-0.8%
Q2 2024-2.2%+0.4%-3.2%
Q1 2024-14.8%-14.0%-26.2%
Q4 2023-4.5%-6.7%+7.4%
Q3 2023-2.9%-7.4%+13.3%
Q2 2023+21.7%+12.5%+8.5%
Q1 2023-2.2%+2.0%+36.1%
Q4 2022-27.6%-23.1%-32.1%
Q3 2022+29.5%+26.4%-13.8%
Q2 2022-53.1%-49.5%-50.8%
Q1 2022+27.3%+21.2%-7.0%
Q4 2021+16.3%+22.3%+10.6%
Q3 2020-11.1%-5.4%-29.5%
Q3 2021-6.4%-9.8%-28.2%
Q2 2020+12.6%+12.8%-16.3%
Q1 2021+12.6%+12.8%-16.3%
Q4 2020+12.6%+12.8%-16.3%
Q2 2021+9.5%+21.0%-10.1%
Q1 2020

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