secwatch.observer — SEC 8-K summary
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Issuer:     LEGALZOOM.COM, INC. (LZ)
CIK:        0001286139
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001286139-23-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LegalZoom Q4 revenue $146.6M (+3% YoY); restates Q1 2022, cites ineffective controls
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- Q4 revenue $146.6M (+3% YoY); subscription revenue $91.0M (+13% YoY) with 1.44M units.
- Q4 net income $1.7M vs. net loss $(20.8M) in prior year; Adjusted EBITDA $26.5M (18% margin).
- Full-year 2022 revenue $620.0M (+8% YoY); net loss $(48.7M) vs. $(108.7M) in 2021.
- Q1 2023 guidance: revenue $153-157M, Adjusted EBITDA $17M; FY 2023: revenue $620-640M, Adj. EBITDA $100M.
- Restating Q1 2022 financials; will report ineffective internal control over financial reporting in 10-K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286139/000128613923000011/0001286139-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286139/000128613923000011/lz-20230223.htm
  HTML page:      https://secwatch.observer/filing/0001286139-23-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer