LegalZoom Q1 net income $4.7M (vs loss), revenue +5% to $174.2M; director Wang resigns

LEGALZOOM.COM, INC.

2024-Q1 EPS reported $0.02 revenue$174,214,000

Net income $4.7M (3% margin) vs net loss $2.4M in Q1 2023; adjusted EBITDA $27.9M (+28% YoY).
Revenue $174.2M (+5% YoY); subscription revenue $107.9M (+10%) offset by transaction revenue -3%.
Repurchased 1.2M shares for $12.8M at avg $10.91; cash $228.1M, no debt.
Director Christine Wang resigned May 1 (no disagreement); Board reduced to 6; Hamren on Audit, Whiteley Compensation Chair.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Christine Wang

Director

LZ · LEGALZOOM.COM, INC.

Effective: 2024-05-01
Filed: May 7, 2024, 7:59 PM ET

On May 1, 2024, Christine Wang, a current Class I director of LegalZoom’s Board of Directors (the “Board”), resigned as a member of the Board, effective the same day.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LEGALZOOM.COM, INC. reported the three months ended March 31, 2024 results: revenue $174.2 million, net income $4.7 million, EPS $0.02.

Period: the three months ended March 31, 2024
Revenue: $174.2 million
Net income: $4.7 million
EPS: $0.02
Result: reported results

Exact text from the filing

LegalZoom Reports First Quarter 2024 Financial Results • Revenue of $174.2 million for the quarter, an increase of 5% year-over-year

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Christine Wang resigned as Director at LEGALZOOM.COM, INC..

Action: resigned
Role: Director

Exact text from the filing

On May 1, 2024, Christine Wang, a current Class I director of LegalZoom’s Board of Directors (the “Board”), resigned as a member of the Board, effective the same day.

View on SEC.gov

1047 earnings releases filed in the last 30 days. Browse all earnings releases →

LEGALZOOM.COM, INC. filing history →

Source: SEC EDGAR

accession 0001286139-24-000052

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