LAW Earnings Prediction
The chart below shows how LAW performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LAW sees a +7.07% change in stock price 10 days leading up to the earnings, and a -4.70% change 10 days following the report. On the earnings day itself, the stock moves by +2.34%. This data can give you a slight idea of what to expect for the next quarter's release.
LAW Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
36.27M
3.79%
0.72%
Gross Margin
73.14%
-1.72%
-1.43%
Operating Margin
-29.60%
257.06%
-11.19%
Net Margin
-25.25%
755.93%
-16.09%
EPS
-0.15
-650.00%
-16.67%
No Data Available
LAW Earnings Analysis
CS Disco, Inc. Corporation (LAW.N) Earnings Conference Call
Positive
Q3 Revenue Increase: Total revenue for Q3 2024 was $36.3 million, up 4% versus the same quarter last year.
Software Revenue Increase: Software revenue in Q3 was $30.2 million, up 6% over the prior year.
High-Value Customer Growth: We are seeing growth in revenue and in the number of customers in the cohort of customers that spend over $100,000 with Disco.
Platform Usage and Retention: We are also seeing greater usage of our platform overall and we're seeing software dollar net retention improve.
Cash Position and Debt Status: We ended Q3 with $126.8 million in cash, cash equivalents and short-term investments and no debt.
Negative
Negative Adjusted EBITDA Margin: Adjusted EBITDA was negative $4.5 million in Q3, representing a negative 12% adjusted EBITDA margin compared to a negative 13% in Q3 of the prior year.
Q3 Operating Loss Analysis: Operating loss in Q3 was $5.6 million, representing a negative operating margin of negative 15% compared to negative 17% in Q3 of the prior year.
Services Revenue Decline: Services revenue was $6.1 million, down 7% year-over-year, predominantly driven by review usage.
Q3 Net Loss Analysis: Net loss in Q3 was $3.9 million or negative 11% of revenue, in line with Q3 of the prior year.
Operating Cash Flow Comparison: Operating cash flow for the first three quarters of 2024 was negative $10.8 million compared to negative $28.7 million in the same period of the prior year.
LAW FAQs
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LAW Earning Call Sentiment
CS Disco, Inc. (LAW) Q3 2024 Earnings Call Transcript
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LAW.N
2.61%Positive
The earnings call summary presents a mixed picture. Financial performance shows modest growth, but with a negative operating margin and net loss. Product development is promising, particularly with Cecilia AI, though its impact is not imminent. Market strategy shifts towards larger clients, but customer count is flat. No shareholder returns were announced. Q&A reveals restructuring and leadership changes, which could introduce uncertainties. The lack of clear guidance on profitability is concerning. Overall, these factors balance out, leading to a neutral sentiment prediction for the stock price movement.
