secwatch.observer — SEC 8-K summary
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Issuer:     LEGALZOOM.COM, INC. (LZ)
CIK:        0001286139
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001286139-24-000052
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286139/000128613924000052/0001286139-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286139/000128613924000052/lz-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001286139-24-000052

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