NYSE$LAW
CS Disco Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
CS Disco reported record-breaking revenue and a 10% year-over-year increase in customer count.
CS Disco's total revenue reached $34.9 million, a 1% increase compared to the third quarter of 2022. The company's GAAP net loss was $1.0 million, significantly improved from the $20.1 million loss in the same period last year.
- Total revenue was $34.9 million, up 1% year-over-year.
- GAAP net loss improved to $1.0 million, compared to $20.1 million in Q3 2022.
- Adjusted EBITDA was ($4.5) million, an improvement from ($13.1) million in the third quarter of 2022.
- Customer count grew to 1,449, a 10% increase compared to Q3 2022.
Headline financials
Revenue & EPS history
CS Disco · Revenue · Quarterly
$34.9M
Forward guidance
DISCO provided financial outlook for the fourth quarter and full year 2023.
Tailwinds
- Revenue is expected to be in the range of $34.0 - $36.0 million for Q4 2023.
- Adjusted EBITDA is projected to be in the range of ($7.0) - ($5.0) million for Q4 2023.
- Full year 2023 revenue is anticipated to be in the range of $136.3 - $138.3 million.
- Adjusted EBITDA for the full year 2023 is expected to be in the range of ($31.9) - ($29.9) million.
- Company anticipates integrating primary law into its solution to automate drafting of legal documents and research memos.
Headwinds
- Financial outlook is based on assumptions that are subject to change and are outside of DISCO's control.
- Actual results may vary from the provided assumptions.
- There is no assurance that DISCO will achieve the expected results.
- Reconciliation of Adjusted EBITDA on a forward-looking basis to net loss is not available without unreasonable efforts.
- Variability of charges, including stock-based compensation, can have a significant and unpredictable impact on 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 Q3 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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