earnings
confidence high
sentiment positive
materiality 0.70
CS Disco Q2 revenue $29.5M (+88% YoY); net loss narrows to $3.1M
CS Disco, Inc.
- Total revenue $29.5M (+88% YoY); GAAP net loss $3.1M vs $5.5M in Q2 2020.
- Adjusted EBITDA loss improved to ($1.6)M from ($4.4)M in prior-year quarter.
- Completed IPO July 21, 2021, raising ~$223.2M in net proceeds.
- Q3 revenue guidance $25.5-$25.9M (43-45% YoY); FY 2021 revenue $103.5-$104.3M (51-52% YoY).
- Recognized on Forbes Cloud 100 for second consecutive year.