DISCO Q1 revenue $34.5M (+63% YoY); net loss widens to $11.8M; guides FY22 rev $149-153M

CS Disco, Inc.

2022-Q1 EPS reported -$0.20 revenue$34,468,000

Total revenue $34.5M, up 63% vs Q1 2021; GAAP net loss $11.8M vs $2.9M loss year-ago.
Adjusted EBITDA loss of $7.8M vs $1.9M loss in Q1 2021; margins pressured by investments.
Acquired legal hold workflow solutions from Congruity360 for cash and contingent consideration.
Q2 2022 outlook: revenue $32M-$34M (8%-15% YoY growth); adjusted EBITDA loss $15M-$17M.
FY 2022 guidance: revenue $149M-$153M (30%-34% growth); adjusted EBITDA loss $43.5M-$51.5M.

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