Cs Disco Inc Stock Price, News & Analysis

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.

DISCO (NYSE: LAW) has acquired Hold360 and Request360 from Congruity 360, enhancing its cloud-based ediscovery platform. The acquisition introduces advanced legal workflow capabilities, allowing for streamlined compliance with legal preservation obligations. These products enable legal teams to electronically hold data without involving IT departments, promoting efficiency and compliance with state and federal laws. DISCO aims to leverage these technologies to transform legal work and better serve its customers.

CS Disco, Inc. (LAW) reported a strong fourth quarter 2021, achieving total revenue of $33.8 million, a 76% increase year over year. However, the company recorded a GAAP net loss of $9.1 million, worsening from $3.0 million in Q4 2020. For fiscal 2021, total revenue reached $114.3 million, up 67%, but the net loss was $24.3 million. Looking ahead, DISCO anticipates Q1 2022 revenue between $30.0 million and $31.0 million, representing 42%-47% growth year over year, along with a fiscal 2022 revenue outlook of $146.8 million to $150.8 million.

Passage, a leader in passwordless identity solutions, has announced the launch of its public beta version, backed by $4 million in new funding from LiveOak Venture Partners and others. The company focuses on biometric authentication, enabling users to log in via Face ID and Touch ID, enhancing security and user experience. This funding will expand developer outreach and innovation in biometric solutions, eliminating reliance on passwords and improving conversion rates by reducing user friction during the login process.

CS Disco, Inc. (NYSE: LAW) announced that CEO Kiwi Camara and CFO Michael Lafair will present at the Needham Growth Conference.

• Date: Tuesday, January 11, 2022
• Time: 2:00 p.m. ET (1:00 p.m. CT)
• Webcast available at ir.csdisco.com, with an archived replay following the event.

DISCO offers AI-powered legal solutions for ediscovery and case management, enhancing efficiency for enterprises and legal professionals. More details can be found at www.csdisco.com.

LiveOak Venture Partners, based in Austin, Texas, has successfully closed Fund III, raising an oversubscribed $210M—the largest Texas-focused early-stage venture fund in over a decade. This boosts the firm's assets under management to nearly $500M. LiveOak has facilitated over $5B in enterprise value through investments in Texas startups, many in major tech hubs like Austin, Dallas, and Houston. The fund will prioritize initial investments of $1-$5M and scale up to $15M as companies grow, following a proven strategy of supporting entrepreneurs.

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.