NYSE$LAW
CS Disco Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Announced first quarter 2023 financial results with total revenue of $33.1 million, a year over year decrease of 4%.
CS Disco's first quarter 2023 revenue was $33.1 million, a 4% decrease year-over-year. The company announced the expansion of its operational footprint into India and several new products and features, including the upcoming launch of its AI chatbot, Cecilia.
- Total revenue was $33.1 million, down 4% compared to the first quarter of 2022.
- GAAP net loss was $20.4 million, compared to $11.8 million in the first quarter of 2022.
- Adjusted EBITDA was ($13.0) million, compared to ($7.8) million in the first quarter of 2022.
- DISCO grew to 1,388 customers as of March 31, 2023.
Headline financials
Revenue & EPS history
CS Disco · Revenue · Quarterly
$33.1M
Forward guidance
DISCO is issuing the following outlook for the second quarter of 2023 and fiscal year 2023:
Tailwinds
- Second quarter of 2023 revenue in the range of $31.0 - $33.0 million.
- Second quarter of 2023 Adjusted EBITDA in the range of ($12.0) - ($10.0) million.
- Fiscal year 2023 revenue in the range of $135.0 - $145.0 million.
- Fiscal year 2023 Adjusted EBITDA in the range of ($40.0) - ($36.0) million.
Headwinds
- DISCO’s second quarter and fiscal year 2023 financial outlook is based on assumptions that are subject to change, many of which are outside of its control.
- If actual results vary from these assumptions, these expectations may change.
- There can be no assurance that DISCO will achieve these results.
- Reconciliation of Adjusted EBITDA on a forward-looking basis to net loss is not available without unreasonable efforts due to the high variability and complexity and low visibility with respect to the charges excluded from this non-GAAP measure.
- DISCO expects the variability of the above charges to have a significant, and potentially unpredictable, impact on its future GAAP financial results.
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 2023
+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
| Quarter | Report date | Reaction (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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