Welcome to our dedicated page for Legalzoom.Com news (Ticker: LZ), a resource for investors and traders seeking the latest updates and insights on Legalzoom.Com stock.
LegalZoom.com, Inc. (Nasdaq: LZ) is frequently in the news as an online platform for legal services focused on individuals and small businesses. Company announcements highlight how LegalZoom combines technology with access to experienced attorneys to support business formation, compliance, estate planning, and intellectual property protection, as well as broader initiatives that touch on entrepreneurship and access to legal guidance.
Investors and observers following LZ news will see regular earnings releases and financial updates, often furnished via Form 8-K filings. These updates discuss trends in transaction and subscription revenue, the performance of compliance offerings, key business metrics such as subscription units, and non-GAAP measures like Adjusted EBITDA and free cash flow. LegalZoom also announces participation in investor conferences, where management presents the company’s strategy and financial outlook.
Beyond financial results, LegalZoom issues news about product launches and platform enhancements. Recent examples include the expansion of intellectual property services through LZ Legal Services to offer provisional patent application services, and the launch of an embedded legal services flow that allows partners to integrate LegalZoom’s intake and data processes directly into their own platforms. The company also reports on partnerships, such as collaborations with Wix, BusinessLoans.com, Design.com, and OpenAI’s ChatGPT agent, which extend the reach of its legal services and branding tools.
LegalZoom news also covers community and social impact efforts, including its ongoing partnership with Defy Ventures to support entrepreneurship and reentry programs for currently and formerly incarcerated individuals. Readers who track LZ-related headlines can expect a mix of earnings reports, product and partnership announcements, technology collaborations, and updates on initiatives aimed at small business owners and entrepreneurs.
LegalZoom has announced that CEO Dan Wernikoff and CFO Noel Watson will participate in two upcoming investor conferences: the Jefferies Software Conference on May 29-30, 2024, in Newport Beach, CA, and the William Blair 44th Annual Growth Stock Conference on June 4-6, 2024, in Chicago, IL. The company will present on May 29 at 1:00 p.m. PT and will hold investor meetings during both events. A live audio webcast and replay of the Jefferies Software Conference will be accessible on LegalZoom's Investor Relations website.
LegalZoom is a leader in online small business formations and offers a variety of legal, tax, and compliance products for small business owners. The company's mission is to make entrepreneurship accessible to everyone.
LegalZoom reported strong financial results for the first quarter of 2024, with a revenue of $174.2 million, up 5% year-over-year. The company has $228.1 million in cash and cash equivalents with no outstanding debt as of March 31, 2024. LegalZoom's CEO highlighted the momentum seen in their ecosystem, driven by new compliance offerings and technology platform innovations. Despite a weaker macro environment, the company exceeded revenue and adjusted EBITDA expectations, achieving 28% growth year-over-year.
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