NYSE$LAW

CS Disco Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

CS Disco's Q4 2021 financial results were announced, demonstrating significant revenue growth and ongoing investment in technology.

CS Disco reported a strong fourth quarter with total revenue of $33.8 million, representing a 76% year-over-year increase. The company's GAAP net loss was $9.1 million, and adjusted EBITDA was ($5.3) million.

  • Total revenue reached $33.8 million, a 76% increase compared to Q4 2020.
  • GAAP net loss was $9.1 million, compared to $3.0 million in Q4 2020.
  • Adjusted EBITDA was ($5.3) million, compared to ($2.1) million in Q4 2020.
  • The company issued financial outlook for Q1 2022 and fiscal year 2022.

Headline financials

Total Revenue

$33.8M

Previous: $19.2M+76.2%
EPS (adj)

-$0.10

Previous: -$0.22+54.5%
Capital Expenditures

$772K

Previous: $517K+49.3%
Free Cash Flow

-$3.62M

Previous: -$5.53M+34.5%
Net Income

-$9.11M

Previous: -$2.99M-204.5%
Operating Income

-$8.95M

Previous: -$2.96M-202.0%
Gross Profit

$25M

Previous: $13.8M+80.8%
Cash & Equivalents

$255M

Previous: $58.6M+336.2%
Total Assets

$287M

Previous: $79.1M+263.3%
Stock-Based Comp

$3.1M

Previous: $495K+525.3%

Revenue & EPS history

CS Disco · Revenue · Quarterly

$33.8M

Q4 2021+76.2%vs Q4 2020
Beat estimate in 9 of 10 quarters(90%)
ActualEstimate

Forward guidance

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

Tailwinds

  • Revenue in the range of $30.0 - $31.0 million for Q1 2022, representing year-over-year growth between 42% and 47%.
  • Revenue in the range of $146.8 - $150.8 million for fiscal year 2022, representing year-over-year growth between 28% and 32%.

Headwinds

  • Adjusted EBITDA in the range of ($12.5) - ($11.5) million for Q1 2022.
  • Adjusted EBITDA in the range of ($51.5) - ($43.5) million for fiscal year 2022.

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 Q4 2021

Historical avgQ4 2021

+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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