KLDiscovery reported a fourth quarter 2020 revenue of $74.6 million, up 3% from Q3 2020 but down 7% from Q4 2019. The net loss improved to $9.8 million, a 45% year-over-year reduction. EBITDA reached $14.3 million, a 16% increase from the previous quarter. Adjusted EBITDA was $19.4 million, reflecting a 16% quarter-over-quarter growth. The company ended the year with $51.2 million in cash, marking a 579% increase in cash flow from operations compared to 2019. KLDiscovery plans significant technology investments in 2021 to diversify beyond traditional eDiscovery.
KLDiscovery Inc. (KLD) is set to release its financial results for Q4 2020 on March 17, 2021, after market close. A conference call will follow on March 18, 2021, at 8:30 AM ET for management to discuss these results. Interested participants can register via the provided link to receive dial-in details. KLDiscovery, a leading provider of electronic discovery and data recovery services, has a presence in 18 countries with 32 locations and is recognized for its fast growth in North America.
KLDiscovery has appointed Lauren Tanenbaum to its Board of Directors, effective February 2, 2021. Ms. Tanenbaum is a Principal at The Carlyle Group, specializing in financing for private equity funds. With extensive experience in Capital Markets and prior roles at J.P. Morgan and Morgan Stanley, she brings significant expertise to the board. CEO Christopher Weiler expressed confidence in her ability to enhance the board's financial oversight. KLDiscovery is a global leader in electronic discovery and data recovery services, with a robust client base and numerous accolades for its growth.
KLDiscovery has announced a new secured credit agreement that enhances its loan capacity and significantly reduces its annual debt payments. The agreement, dated February 8, 2021, enables the company to lower annual debt obligations from $17 million to $3 million. It includes $300 million in initial term loans, $50 million in delayed draw loans, and $40 million in revolving credit loans, improving cash flow. The refinancing aims to strengthen the company's financial position with lower amortization rates and favorable terms compared to the prior credit agreement.