NYSE$LAW
CS Disco Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported total revenue of $36.3 million, a year over year increase of 4%.
CS Disco reported a 4% increase in total revenue to $36.3 million for Q3 2024. The company's GAAP net loss was $9.2 million, compared to $1.0 million in the third quarter of 2023.
- Total revenue was $36.3 million, up 4% compared to the third quarter of 2023.
- Software revenue was $30.2 million, up 6% compared to the third quarter of 2023.
- GAAP net loss was $9.2 million, compared to $1.0 million in the third quarter of 2023.
- Adjusted EBITDA was $(4.5) million in the third quarter of 2024 and 2023.
Headline financials
Revenue & EPS history
CS Disco · Revenue · Quarterly
$36.3M
Forward guidance
DISCO is issuing the following outlook for the fourth quarter of 2024 and fiscal year 2024:
Tailwinds
- Software revenue in the range of $30.0 million - $31.0 million for Q4 2024.
- Total revenue in the range of $35.2 million - $37.2 million for Q4 2024.
- Adjusted EBITDA in the range of $(7.6) million - $(5.6) million for Q4 2024.
- Software revenue guidance in the range of $119.4 million - $120.4 million for fiscal year 2024.
- Total revenue guidance in the range of $143.0 million - $145.0 million for fiscal year 2024.
Headwinds
- Adjusted EBITDA in the range of $(22.0) million - $(20.0) million for fiscal year 2024.
- DISCO’s fourth quarter and fiscal year 2024 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.
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 2024
+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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