Cs Disco Inc Stock Price, News & Analysis

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CS Disco, Inc. (LAW) reported a strong third quarter for 2021 with total revenue of $29.9 million, marking a 67% increase year-over-year. Despite the revenue growth, the company posted a GAAP net loss of $9.2 million, which widened from a $3.2 million loss in Q3 2020. Adjusted EBITDA was a loss of $7.6 million, up from a loss of $3.2 million in the prior year. For Q4 2021, DISCO anticipates revenue between $28.2 - $28.8 million, and for the full year, expects revenue of $108.7 - $109.3 million, representing a 59% to 60% growth.

DISCO (NYSE: LAW) is set to report its third-quarter financial results for the period ending September 30, 2021, after the market closes on November 9, 2021. The results will be discussed in a conference call and webcast scheduled for 6:00 p.m. ET on the same day. Investors can join by calling (833) 989-2979 in the U.S. or +1 (236) 714-3974 internationally. A replay will be available until November 30, 2021, and will also be accessible via DISCO's investor relations website.

CS Disco, Inc. (NYSE:LAW) has announced a public offering of 5,500,000 shares at $53.00 each by existing stockholders. The underwriters have a 30-day option to purchase an additional 550,000 shares at the same price. DISCO will not receive proceeds from this sale. The offering is expected to close on September 17, 2021, pending customary conditions. J.P. Morgan and BofA Securities are leading the underwriting team. The registration statement was declared effective on September 14, 2021.

DISCO (NYSE: LAW) has launched an underwritten public offering of 5 million shares of common stock by certain selling stockholders, with an additional 500,000 shares potentially available. DISCO will not receive proceeds from this sale. The offering is contingent upon market conditions, and a registration statement has been filed with the SEC but is not yet effective. Lead managers for the offering are J.P. Morgan Securities and BofA Securities. The lock-up period for some shares will be lifted concurrently with this offering, allowing sales only in connection with it.

CS Disco, Inc. (NYSE: LAW) reported strong financial results for Q2 2021, with total revenue of $29.5 million, an 88% increase year-over-year. The company narrowed its GAAP net loss to $3.1 million from $5.5 million in the prior year, while Adjusted EBITDA improved to ($1.6 million) versus ($4.4 million). Following its IPO on July 21, 2021, DISCO raised approximately $223.2 million. The company expects Q3 revenue between $25.5 - $25.9 million, a growth of 43% - 45%, and FY 2021 revenue of $103.5 - $104.3 million, reflecting a 51% - 52% increase.

Legal technology leader DISCO (NYSE: LAW) will release its financial results for the second quarter ended June 30, 2021, on September 2, 2021, after market close. A conference call to discuss these results is scheduled for the same day at 4:00 p.m. CT. Investors can access the call by dialing (844) 200-6205 or +44 20 8068 2558 internationally, using conference ID 481150. DISCO specializes in cloud-native, AI-powered legal solutions, streamlining ediscovery, legal document review, and case management for various sectors, including enterprises and law firms.

DISCO (NYSE:LAW) has been recognized in the Forbes 2021 Cloud 100, ranking among the top 100 private cloud companies globally, marking its second consecutive year on this prestigious list. As the only ediscovery company and the sole representative from Austin, DISCO's cloud-native and AI-driven solutions help legal organizations enhance productivity and outcomes. The evaluation process involved market leadership, estimated valuation, operating metrics, and company culture, showcasing DISCO's strong position in the cloud sector amidst ongoing digital transformations.

CS Disco announced the closing of its IPO, offering 7,700,000 shares of common stock at $32.00 per share. This includes the exercise of underwriters' options for an additional 500,000 shares from DISCO and 200,000 from a selling stockholder. Listings for trading commence on the NYSE under the symbol 'LAW'. The offering was registered with the SEC, effective July 20, 2021. Notably, DISCO did not receive proceeds from the shares sold by the selling stockholder.