Cs Disco Inc Stock Price, News & Analysis

Nada, a fintech company based in Dallas, has successfully completed an $8.1M seed funding round led by LiveOak Venture Partners. The funds will enhance their investment products, develop a secondary trading platform, launch a mobile app, and introduce a real estate-backed debit card. Founded three years ago, Nada offers unique opportunities for retail investors, allowing participation with as little as $250. The company aims to democratize real estate investment and has already engaged over 1,500 users, showcasing robust growth.

DISCO (NYSE: LAW) will announce its financial results for Q2 2022, ending June 30, after market close on August 11, 2022. A conference call will follow at 5:00 p.m. ET, accessible via phone and webcast. Investors can listen for key insights regarding the company's AI-powered legal solutions, which enhance eDiscovery and case management for various legal entities. Detailed audio replays will be available for a limited time after the call. For additional information, visit DISCO's investor relations website.

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.