DISCO Q1 revenue down 4% YoY to $33.1M; net loss widens to $20.4M

CS Disco, Inc.

2023-Q1 EPS reported -$0.34 revenue$33,129,000

GAAP net loss $20.4M vs $11.8M in Q1 2022; adjusted EBITDA loss $13.0M vs $7.8M.
Customer count grew to 1,388; launched AI chatbot Cecilia; opened Gurugram, India office.
Q2 2023 revenue guidance $31-33M; FY 2023 revenue guidance $135-145M (below consensus).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CS Disco, Inc. reported first quarter ended March 31, 2023 results: revenue $33.1 million, net income $20.4 million.

Period: first quarter ended March 31, 2023
Revenue: $33.1 million
Net income: $20.4 million
Result: reported results

Exact text from the filing

Total revenue was $33.1 million, down 4% compared to the first quarter of 2022. • GAAP net loss was $20.4 million, compared to $11.8 million in the first quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CS Disco, Inc. reported second quarter of 2023 results: revenue $31.0 - $33.0 million. Guidance initiated.

Period: second quarter of 2023
Revenue: $31.0 - $33.0 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Revenue in the range of $31.0 - $33.0 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CS Disco, Inc. reported fiscal year 2023 results: revenue $135.0 - $145.0 million. Guidance initiated.

Period: fiscal year 2023
Revenue: $135.0 - $145.0 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Revenue in the range of $135.0 - $145.0 million.

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CS Disco, Inc. filing history →

Source: SEC EDGAR

accession 0001625641-23-000056

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