earnings
confidence high
sentiment neutral
materiality 0.65
LegalZoom Q2 revenue up 36% to $150M; net loss $38.4M vs $4.1M loss prior year
LEGALZOOM.COM, INC.
2022-Q2 EPS reported
-$0.38
revenue$285,064,000
- Revenue $150.4M (+36% YoY); transaction rev $73.4M (+45%) on 123k business formations (+34%).
- Subscription revenue $69.4M (+29%); 1.2M subscription units, net add 69k in quarter.
- Gross margin 67% (down from 68%); net loss $38.4M vs $4.1M loss year ago.
- Adjusted EBITDA $22.0M (15% of rev) vs $20.3M (18%) prior year; non-GAAP net income $4.6M.
- Raised $666.9M net from IPO/private placement; repaid $521.6M term loan; cash $167M.