Legalzoom.Com, Inc. Stock Price, News & Analysis

LegalZoom.com, Inc. (Nasdaq: LZ) is set to release its financial results for the first quarter ending March 31, 2023, on May 9, 2023, after market close. CEO Dan Wernikoff and CFO Noel Watson will conduct a conference call at 4:30 p.m. EDT to discuss the results. LegalZoom is a premier online platform providing legal and compliance solutions across the U.S., with over 20 years of experience. It aims to simplify legal processes for small businesses, offering services such as business formations, compliance advice, trademark filings, and estate planning. For further details, visit their investor relations website.

LegalZoom.com (Nasdaq: LZ) announced its participation in two major technology conferences: the JMP Securities Technology Conference on March 7, 2023, at 1:30 p.m. PT and the Morgan Stanley Technology, Media and Telecom Conference on March 9, 2023, at 8:00 a.m. PT. The presentations will feature CEO Dan Wernikoff and CFO Noel Watson. Live audio webcasts and replays will be available on the LegalZoom Investor Relations website. LegalZoom, a leading online platform for legal solutions in the U.S., aims to simplify the legal process for small businesses.

LegalZoom.com (Nasdaq: LZ) reported $146.6 million in revenue for Q4 2022, up 3% year-over-year, and $620.0 million for the year, an 8% increase. Subscription revenue rose 13% to $91.0 million in Q4, contributing to an annual total of $358.0 million, a 24% increase. Net income hit $1.7 million in Q4, a significant turnaround from a net loss of $20.8 million in Q4 2021. Adjusted EBITDA surged 277% to $26.5 million. The company expects Q1 2023 revenue between $153 million and $157 million and full-year revenue of $620 million to $640 million.

LegalZoom (Nasdaq: LZ) has partnered with NEXT Insurance to provide a seamless insurance solution for small business owners through the NEXT Connect platform. This integration enables users to obtain insurance quotes directly from the LegalZoom site, addressing a significant gap in coverage as only 9% of entrepreneurs reported having insurance when starting their businesses. The partnership aims to simplify the legal and insurance processes for entrepreneurs, offering automated information population and educational resources within the Business Toolkit. This initiative reflects LegalZoom's commitment to leveraging technology for better support of small businesses.

LegalZoom.com, Inc. (LZ) will announce its financial results for the fourth quarter and fiscal year ending December 31, 2022, on February 23, 2023, after market close. CEO Dan Wernikoff and CFO Noel Watson will discuss the results in a conference call at 4:30 p.m. EST on the same day. Investors can register for the call online and access a live audio webcast on LegalZoom's Investor Relations site. LegalZoom offers a range of legal and compliance solutions across the U.S. to help businesses navigate complex regulations.

On December 7, 2022, LegalZoom (Nasdaq: LZ) executives, CEO Dan Wernikoff and CFO Noel Watson, will attend the Barclays Global Technology, Media & Telecommunications Conference. Wernikoff's fireside chat is scheduled for 10:25 a.m. PT. The event will be accessible via a live audio webcast and replay on the LegalZoom Investor Relations website. LegalZoom is a leading online platform that simplifies legal and compliance processes, providing services across all 50 states for over 20 years.

LegalZoom.com reported third quarter 2022 revenue of $154.4 million, a 4% increase year-over-year. Subscription revenue surged by 25% to $91.4 million, with 1,415,000 subscription units. Transaction revenue fell 14% to $57.6 million. The company posted a net loss of $10.1 million, down significantly from $39.7 million in the prior year. Adjusted EBITDA rose 16% to $17.5 million. Cash reserves stand at $211.8 million with no debt. The full-year revenue guidance was raised to $617-$619 million.

LegalZoom partners with the Philadelphia 76ers to launch the Spirit of Small Business program, aimed at supporting local small businesses in the Greater Philadelphia area. This initiative will provide free legal services, marketing visibility, and educational resources to entrepreneurs throughout the 2022-23 basketball season. Since its inception in 2020, the program has engaged with over 77 small businesses and achieved significant reach on social platforms, including over 16 million impressions. This partnership aims to uplift diverse businesses, with plans to introduce over 80 new featured businesses this season.

LegalZoom (Nasdaq: LZ) will disclose its third quarter financial results for the period ending September 30, 2022, on November 10, 2022, after market close. The company's CEO, Dan Wernikoff, and CFO, Noel Watson, will hold a conference call at 4:30 p.m. EST on the same day to discuss these results. Investors can access the live audio webcast on LegalZoom's Investor Relations website, with an archived replay available shortly after the event.