NYSE$LAW
CS Disco Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
CS Disco's Q2 2022 financial results were announced, with total revenue of $33.7 million, marking a 14% year-over-year increase.
CS Disco reported Q2 2022 financial results, showcasing a 14% year-over-year revenue increase to $33.7 million. The company's customer base grew by 27% year-over-year, reaching 1,255 customers. However, the GAAP net loss was $20.2 million, a significant increase compared to $3.1 million in the same quarter of the previous year. The company issued financial outlook for Q3 and full year 2022.
- Total revenue reached $33.7 million, a 14% increase compared to Q2 2021.
- GAAP net loss amounted to $20.2 million, compared to $3.1 million in Q2 2021.
- Adjusted EBITDA was ($12.4) million, compared to ($1.6) million in Q2 2021.
- Customer count increased to 1,255, representing a 27% year-over-year growth.
Headline financials
Revenue & EPS history
CS Disco · Revenue · Quarterly
$33.7M
Forward guidance
DISCO issued financial outlook for the third quarter of 2022 and fiscal year 2022.
Tailwinds
- Q3 2022 revenue is expected to be in the range of $32.0 - $34.0 million, representing year-over-year growth between 7% and 14%.
- Full year 2022 revenue is projected to be in the range of $132.0 - $136.0 million, indicating year-over-year growth between 15% and 19%.
- The company continues to innovate its full-stack solution, enhancing tools for customers to transform the practice of law.
- The company opened a new headquarters in downtown Austin, Texas and a new office in New York, New York.
- Kiwi Camara, Co-Founder and CEO of DISCO, was named an Entrepreneur of the Year® 2022 Central South Award finalist.
Headwinds
- Q3 adjusted EBITDA is expected to be in the range of ($19.5) - ($17.5) million.
- Full year 2022 adjusted EBITDA is projected to be in the range of ($60.0) - ($56.0) million.
- The company's financial outlook is based on assumptions that are subject to change and outside of their control.
- There can be no assurance that the company will achieve the expected results.
- Reconciliation of Adjusted EBITDA on a forward-looking basis to net loss is not available without unreasonable efforts.
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 Q2 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
| 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro