LegalZoom Q4 revenue $158.7M (+8% YoY), net income $7.4M; COO Preece leaving March 31

LEGALZOOM.COM, INC.

2023-FY EPS reported $0.07 revenue$660,727,000

Revenue $158.7M in Q4, +8% YoY; full year $660.7M, +7% YoY.
Subscription revenue $106.7M in Q4 (+17% YoY); net income $7.4M vs $1.7M prior year.
Adjusted EBITDA $33.4M (21% margin) vs $26.5M (18% margin) prior year.
Q1 2024 revenue guidance $172-176M; FY2024 revenue $700-720M, adjusted EBITDA $135-145M.
COO Rich Preece to depart effective March 31, 2024; severance per employment agreement.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Rich Preece

Chief Operating Officer

LZ · LEGALZOOM.COM, INC.

Effective: 2024-03-31
Filed: February 22, 2024, 6:59 PM ET

On February 15, 2024, it was determined that Rich Preece, Chief Operating Officer, would transition from LegalZoom effective as of March 31, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

LEGALZOOM.COM, INC. reported the three months and year ended December 31, 2023 results: revenue $158.7 million for the quarter, net income $7.4 million for the quarter, EPS $0.04 for the quarter. Guidance initiated.

Period: the three months and year ended December 31, 2023
Revenue: $158.7 million for the quarter
Net income: $7.4 million for the quarter
EPS: $0.04 for the quarter
Guidance: initiated
Result: reported results

Exact text from the filing

the Securities Act of 1933, as amended, or the Exchange Act. --- EX-99.1 (EX-99.1) --- LegalZoom Reports Fourth Quarter and Full Year 2023 Financial Results • Revenue of $158.7 million for the quarter, an increase of 8% year-over-year; and $660.7 million for the year, up 7% year-over-year • Subscription revenue of $106.7 million for the quarter, an increase of

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Executive change SEC 8-K Item 5.02 confidence 0.95

Rich Preece changed role as Chief Operating Officer at LEGALZOOM.COM, INC..

Action: transitioned
Role: Chief Operating Officer

Exact text from the filing

On February 15, 2024, it was determined that Rich Preece, Chief Operating Officer, would transition from LegalZoom effective as of March 31, 2024.

View on SEC.gov

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LEGALZOOM.COM, INC. filing history →

Source: SEC EDGAR

accession 0001286139-24-000017

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