secwatch / observer
8-K filed January 19, 2023, 6:59 PM ET ticker LAW CIK 0001625641
other material confidence high sentiment positive materiality 0.65

CS Disco, Inc. (LAW): restructuring charge — CS Disco guides FY2022 revenue $132-136M; cuts ~62 jobs (9%) to reduce costs

CS Disco, Inc.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CS Disco, Inc. reported fiscal year 2022 results: revenue $132.0 million to $136.0 million.

Period
fiscal year 2022
Revenue
$132.0 million to $136.0 million
Result
preliminary results
Exact text from the filing
As of January 19, 2023, CS Disco, Inc. (the “Company”) expects to report revenue for fiscal year 2022 of $132.0 million to $136.0 million, consistent with the outlook provided on November 10, 2022. In addition, Adjusted EBITDA is expected to be a loss less than the previously issued guidance range of ($54.0) million to ($50.0) million.
View on SEC.gov
Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

CS Disco, Inc. announced a restructuring with charges of approximately $0.9 million to $1.1 million (approximately 62 employees, representing approximately 9% of the Company’s current global workforce).

Type
restructuring
Charge
approximately $0.9 million to $1.1 million
Headcount
approximately 62 employees, representing approximately 9% of the Company’s current global workforce
Exact text from the filing
intended to reduce the Company’s cost structure and accelerate its path to profitability. The Company estimates that it will incur non-recurring charges of approximately $0.9 million to $1.1 million in connection with the Plan, consisting of cash expenditures primarily for employee severance and other termination benefits. The Company expects that the
View on SEC.gov

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CS Disco, Inc. filing history →

Source: SEC EDGAR
accession 0001625641-23-000012
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