NYSE$LAW
CS Disco Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
CS Disco reported a revenue increase of 10% year-over-year and a reduced GAAP net loss compared to the same quarter last year.
CS Disco announced its Q4 2023 financial results, featuring a 10% increase in total revenue year-over-year, reaching $35.7 million. The company also reported a GAAP net loss of $5.8 million, significantly lower than the $18.7 million loss in Q4 2022. The customer base grew by 9% to 1,441 customers. Looking forward, DISCO provided its Q1 2024 revenue guidance in the range of $34.5 - $36.5 million.
- Total revenue increased by 10% year-over-year to $35.7 million.
- GAAP net loss improved to $5.8 million, compared to $18.7 million in the fourth quarter of 2022.
- Adjusted EBITDA was ($1.0) million, improved from ($11.2) million in the fourth quarter of 2022.
- Customer count grew by 9% year-over-year, reaching 1,441 customers.
Headline financials
Revenue & EPS history
CS Disco · Revenue · Quarterly
$35.7M
Forward guidance
DISCO provided financial outlook for the first quarter and full year 2024.
Tailwinds
- First quarter total revenue is expected to be in the range of $34.5 - $36.5 million.
- First quarter software revenue is expected to be in the range of $29.5 - $30.5 million.
- First quarter Adjusted EBITDA is expected to be in the range of ($8.0) - ($6.0) million.
- Full year total revenue is expected to be in the range of $143.0 - $155.0 million.
- Full year software revenue is expected to be in the range of $120.0 - $127.0 million.
Headwinds
- Full year Adjusted EBITDA is expected to be in the range of ($26.0) - ($19.0) million.
- First quarter and fiscal year 2024 financial outlook is based on assumptions that are subject to change.
- Actual results may vary from these assumptions.
- 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.
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 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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