---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-055921"
form_type: "8-K"
ticker: null
cik: "0001752474"
company_name: "KLDiscovery Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T11:58:52.811542+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KLDiscovery Q1 revenue down 11% to $80.2M; net loss widens to $16.9M; debt restructuring agreed

## Summary
- Q1 revenue $80.2M vs $90.7M YoY; net loss widened to $16.9M from $4.5M.
- EBITDA $7.4M vs $18.2M; Adjusted EBITDA $10.6M vs $20.9M YoY.
- Agreement in principle with debenture holders and term loan lender to reduce long-term debt; subject to definitive documentation.
- Nebula revenue up 82% YoY, now 19% of revenue; hosted data up 24%, active users up 11%.

## SEC filing metadata
- accession: 0000950170-24-055921
- form_type: 8-K
- cik: 0001752474
- company_name: KLDiscovery Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1752474/000095017024055921/0000950170-24-055921-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1752474/000095017024055921/kldi-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-055921
- JSON: https://secwatch.observer/filing/0000950170-24-055921.json
- Plain text: https://secwatch.observer/filing/0000950170-24-055921.txt

## Key facts
- Earnings Releases
  KLDiscovery Inc. reported the three months ended March 31, 2024 results: revenue $80.2 million, net income $(16.9) million.
  - Period: the three months ended March 31, 2024
  - Revenue: $80.2 million
  - Net income: $(16.9) million
  - Result: reported results
  source text: provider of electronic discovery, information governance and data recovery technology solutions, announced today that revenue for the first quarter ended March 31, 2024, was $80.2 million compared to $90.7 million in the first quarter of 2023. Net loss for the first quarter of 2024 was $(16.9) million compared to $(4.5) million in the first quarter of 2023. EBITDA
  evidence_url: https://www.sec.gov/Archives/edgar/data/1752474/000095017024055921/0000950170-24-055921-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.