Cs Disco Inc Stock Price, News & Analysis

CS Disco, Inc. (NYSE: LAW) reported a total revenue of $34.5 million for Q3 2022, reflecting a 15% year-over-year increase. The customer base grew to 1,318, a 26% increase year-on-year. However, GAAP net loss widened to $20.1 million from $9.2 million in Q3 2021, while adjusted EBITDA loss deepened to ($13.1) million. The company is projecting full-year revenue between $132.0 million and $136.0 million, indicating a growth rate of 15% to 19% and an adjusted EBITDA loss forecast of ($54.0) million to ($50.0) million.

DISCO (NYSE:LAW) has launched Collect For Slack, a cloud-based solution enhancing legal workflow within collaboration tools like Slack. This feature aims to streamline data collection, improve information governance, and reduce costs for legal teams. It integrates with Slack’s APIs to facilitate seamless data handling for litigation and compliance. The tool addresses the challenges of collecting data from disjointed communication channels, mitigating risks associated with data deletion and ensuring compliance with preservation requirements.

DISCO (NYSE:LAW) has been recognized as a Leader in the IDC MarketScape: Worldwide eDiscovery Review Software 2022 assessment. This recognition highlights DISCO's strengths in scalability and ease of use, essential for servicing enterprise markets. Its AI-powered platform, DISCO Ediscovery, allows legal professionals to manage substantial data, workflows, and costs efficiently. The company focuses on integrating innovative technologies to enhance document review processes, aiming for better legal outcomes.

DISCO (NYSE: LAW) will release its third quarter financial results for 2022 after market close on November 10, 2022. A conference call discussing these results will be held at 5:00 p.m. ET on the same day. Investors can join the call by dialing (888) 550-5431 in the U.S. or +1 (646) 960-0807 internationally, using conference ID 8394292. A replay will be available post-call until December 1, 2022. DISCO offers AI-driven legal technology solutions that enhance legal document management and ediscovery.

LiveOak Venture Partners, a venture capital firm based in Austin, Texas, has been recognized as one of Inc.'s Founder-Friendly Investors for 2022. This honor highlights firms that have significantly contributed to the growth of founder-led businesses. LiveOak has a strong track record, helping Texas-based companies raise over $1B. Their investment strategy focuses on nurturing early-stage tech startups. Founders commend LiveOak for their strategic support and commitment to building future leaders in Texas's vibrant entrepreneurial ecosystem.

DISCO (NYSE:LAW) has been named a Leader in the IDC MarketScape: Worldwide eDiscovery Early Case Assessment Software 2022 report. The assessment recognized DISCO's comprehensive platform capabilities, customer-focused strategy, and ease of use, highlighting its advanced AI that automates eDiscovery processes, significantly reducing manual tasks for legal teams. The vendor evaluation emphasizes the importance of effective early case assessment in managing litigation costs. The recognition underscores DISCO's position as a preferred solution for legal professionals seeking efficiency and productivity.

DISCO (NYSE:LAW) has launched a new podcast series, Just Hearsay, focusing on innovation and technology in the legal industry. Co-hosted by Andrew Shimek and Kristin Zmrhal, the podcast aims to discuss the current state of legal tech and highlight industry thought leaders. The inaugural episode features Katie DeBord, a recent addition to DISCO, discussing her career in legal tech. Just Hearsay will release episodes bi-weekly, catering to the growing audience interested in legal technology developments and their impact on careers.

LiveOak Venture Partners, based in Austin, Texas, announced the addition of Paola Retes as Vice President, enhancing its investment team. This comes alongside the launch of its third fund, amounting to $210M, targeting early-stage companies in Texas. The firm aims to leverage Retes’ diverse investment background to support its growing portfolio. LiveOak has invested nearly $500M over the past decade, backing over 50 companies, including DISCO (NYSE: LAW). The addition is intended to strengthen the firm's capabilities in attracting diverse entrepreneurs in the Texas market.