Cs Disco Inc Stock Price, News & Analysis

Legal technology leader CS Disco (NYSE: LAW) will present at the Bank of America Securities 2022 Global Technology Conference on June 8, 2022, at 10:15 a.m. PT. CEO Kiwi Camara and CFO Michael LaFair will represent the company. A live webcast will be available on DISCO's investor relations website, with an archived replay accessible for a limited time post-event. DISCO provides a cloud-native, AI-powered legal solution for ediscovery, legal document review, and case management, aimed at enhancing operational efficiency for various legal stakeholders.

DISCO (NYSE:LAW) has appointed Tom Furr as Chief Marketing Officer and Katie DeBord as Vice President of Product Strategy. Furr will enhance DISCO's brand presence and drive demand generation, leveraging his experience from MongoDB and Vonage. DeBord will focus on expanding DISCO's product offerings, drawing on her expertise in legal practice transformation. These strategic hires aim to strengthen DISCO's market position and innovation in AI-powered legal technology.

DISCO (NYSE:LAW) has officially opened its new office in New York City, located at 335 Madison Avenue, to support its aggressive global expansion. This strategic move aims to strengthen proximity to major law firms and corporations, enhancing customer engagement and access to top legal talent. CEO Kiwi Camara emphasized the importance of being present in key markets to meet growing demand. Future expansions are also planned for Canada and Europe.

CS Disco, Inc. (NYSE: LAW) reported first-quarter 2022 total revenue of $34.5 million, a 63% year-over-year increase. However, the company experienced a GAAP net loss of $11.8 million, worsening from $2.9 million in Q1 2021. Adjusted EBITDA was (\$7.8 million), compared to (\$1.9 million) in the prior year. The company announced its first acquisition of legal hold workflow technologies to enhance its cloud-based offerings. For Q2 2022, DISCO projects revenue between $32.0 - $34.0 million and an adjusted EBITDA loss between (\$17.0) - (\$15.0 million).

Backflip, a fintech startup, has announced an $8 million equity seed round co-led by Vertical Venture Partners and LiveOak Venture Partners. The capital will enhance product development and support its 2022 launch in Texas and Colorado. Additionally, Backflip secured $27 million in dedicated debt funding. The company aims to address America's housing shortage by empowering local entrepreneurs with technology and capital solutions for real estate investments. Since its beta launch in 2021, $2 billion of property investments have been analyzed.

DISCO (NYSE:LAW) has appointed Jignasha Amin Grooms as executive vice president and chief human resources officer to oversee its HR functions, focusing on recruitment, diversity, and corporate responsibility as the company expands globally. Grooms, a seasoned HR leader recognized as the 2021 Gold GLOBEE Human Resources Executive of the Year, brings over 20 years of IT experience, having worked with major companies like Dell and Cisco. CEO Kiwi Camara emphasized the importance of investing in talent to support DISCO's growth and mission-driven culture.

CS Disco, Inc. (NYSE: LAW) is set to announce its first quarter financial results for the period ending March 31, 2022, on May 12, 2022, following market close. A conference call will take place at 5:00 p.m. ET to discuss these results. DISCO is known for its cloud-native, AI-powered legal solutions that assist enterprises and law firms with ediscovery and case management. For more information, the call can be accessed via telephone or through a live webcast on DISCO’s investor relations website.