DISCO Q1 revenue $35.6M (+7% YoY), net loss narrows; appoints Eric Friedrichsen as CEO

CS Disco, Inc.

2024-Q1 EPS reported -$0.17 revenue$35,571,000

Q1 total revenue $35.6M, up 7% YoY; software revenue $29.9M, up 9% YoY.
GAAP net loss $10.6M ($0.75 per share) vs $20.4M loss in Q1 2023; adjusted EBITDA loss $5.2M vs $13.0M.
Eric Friedrichsen appointed CEO effective April 29, 2024, replacing outgoing leadership.
Q2 2024 guidance: total revenue $34.5M-$36.5M, adjusted EBITDA loss $7.5M-$5.5M.
Customer count grew 4% YoY to 1,442; launched Cecilia Deposition Summaries AI tool.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CS Disco, Inc. reported first quarter ended March 31, 2024 results: revenue $35.6 million, net income $10.6 million, EPS $(0.34) per diluted share. Guidance initiated.

Period: first quarter ended March 31, 2024
Revenue: $35.6 million
Net income: $10.6 million
EPS: $(0.34) per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

DISCO Announces First Quarter 2024 Financial Results Total Revenue of $35.6 Million, A Year over Year Increase of 7%

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CS Disco, Inc. filing history →

Source: SEC EDGAR

accession 0001625641-24-000071

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