Welcome to our dedicated page for KLDISCOVERY A news (Ticker: KLDI), a resource for investors and traders seeking the latest updates and insights on KLDISCOVERY A stock.
KLDiscovery Inc. (KLDI) is a prominent global provider of technology-enabled services and software solutions that empower law firms, corporations, government agencies, and consumers to tackle complex data challenges. With a workforce of approximately 1,300 employees spread across 43 locations in 19 countries, KLDiscovery has established itself as a leader in eDiscovery, information governance, and data recovery solutions.
For over 30 years, KLDiscovery has been at the forefront of delivering comprehensive services that include data collection and forensic investigation, early case assessment, electronic discovery and data processing, application software, and data hosting for web-based document reviews. The company also offers managed document review services to streamline the litigation and investigative processes.
KLDiscovery's Ontrack division is renowned for its world-class data recovery services, which include email extraction and restoration, data destruction, and tape management. This extensive service portfolio ensures that clients' data is efficiently managed and safeguarded throughout its lifecycle.
The company's recent achievements include numerous successful data recovery operations and the expansion of its global footprint. KLDiscovery continues to invest in cutting-edge technology and innovative solutions to meet the evolving needs of its clients. Financially, the company is stable and consistently delivers value to its stakeholders through strategic partnerships and an unwavering commitment to excellence.
KLDiscovery reported a 9% revenue growth, reaching $81.9 million for Q1 2022, compared to $75.5 million in Q1 2021. The net loss improved by 36% to $(9.6) million, primarily due to the absence of a prior year's $7.2 million debt loss. EBITDA was $11.3 million, down from $15.1 million in the previous year. Notably, Nebula platform adoption rose significantly, with 31% more clients and 24% more matters vs. Q1 2021. CEO Christopher Weiler expressed optimism regarding continued growth despite challenging market conditions.
KLDiscovery Inc. (KLD), a global leader in electronic discovery and data recovery solutions, has launched an enhanced Client Portal featuring advanced data visualization and dynamic dashboard metrics. This upgrade allows users to access interactive charts and manage multiple projects effectively. CEO Chris Weiler announced that over 20 data points are now reportable, with further enhancements including financial data and accounts receivable tracking expected this fall. This development marks a significant step in real-time client reporting in the eDiscovery industry.
KLDiscovery Inc. (KLDI) will announce its first quarter 2022 financial results on May 11, 2022, after the market close. A conference call will follow on May 12, 2022, at 8:30 AM ET to discuss the results. Interested participants can register for the call online and access it via the company's website. As a global provider in electronic discovery and data recovery, KLDiscovery has been delivering services for over 30 years, supporting various clients with complex data challenges.
KLDiscovery reported strong financial results for Q4 2021, achieving revenue of $82.3 million, a 10% increase from Q4 2020. The net loss improved by 25% to $(7.3) million, reflecting better cost management and a 50% reduction in losses since Q1 2021. Adjusted EBITDA stood at $15.3 million, down from $19.4 million last year. The Nebula platform saw a 38% growth in revenue for 2021. KLDiscovery's CEO expressed optimism for continued growth in 2022, citing the effectiveness of their innovative technology solutions.
KLDiscovery has launched the Nebula Partner Program, enhancing its eDiscovery offerings. The program provides vendors access to the Nebula Ecosystem, including Nebula Big Data and Nebula Legal Hold, along with 24/7 customer service. Key advantages include multiple deployment options, improved efficiencies through a single tool, and solutions for common industry challenges. This strategic move aims to accelerate Nebula's growth, positioning KLDiscovery competitively in the eDiscovery market.
KLDiscovery Inc. (KLDI) will announce its fourth quarter and full-year 2021 financial results after market close on March 16, 2022. A conference call will be held on March 17, 2022, at 8:30 AM ET, to discuss the outcomes. Investors can register for the call and access the audio webcast via the company’s website. KLDiscovery is recognized as a leader in electronic discovery and data recovery solutions, operating 32 locations and 17 data recovery labs worldwide.
KLDiscovery Inc. announces the issuance of three new patents from the USPTO related to its Nebula software, enhancing its offerings for eDiscovery solutions. The patents US11140212, US11178208, and US11190574 focus on telemetry, automation, and remote access, ensuring high standards of data security. The CEO, Christopher Weiler, emphasized that these patents position Nebula and Nebula Enterprise as advanced solutions addressing IT security and compliance concerns. KLDiscovery continues to lead in electronic discovery, information governance, and data recovery with a global presence and robust IP portfolio.
KLDiscovery Inc. (OTC-PINK:KLDI) has launched Nebula Singularity, a premier subscription service targeting corporations looking to standardize their eDiscovery processes globally. This innovative service includes a Nebula Enterprise™ appliance, hosted capacity, and access to a comprehensive suite of tools for improved functionality and flexibility. CEO Christopher Weiler emphasized that Singularity overcomes market constraints by offering a unified solution without complicated pricing. KLDiscovery continues to be a leader in eDiscovery and data management with 32 locations worldwide.
KLDiscovery Inc. (KLDI) has announced the launch of its new Nebula Enterprise product line, designed to cater to clients' geographic and data control needs. This product offers clients a flexible, high-performance eDiscovery solution delivered as a plug-and-play appliance. Nebula Enterprise models range from 5 to 100 terabytes, suitable for various business scales. CEO Christopher Weiler emphasized the importance of providing deployment flexibility in contrast to traditional cloud offerings. KLDiscovery has over 30 years of experience in data recovery and eDiscovery services.
KLDiscovery Inc. has launched Nebula Singularity, a new subscription service aimed at enhancing eDiscovery processes for corporations. This service offers a flexible, one-touch licensing model that includes a Nebula Enterprise™ appliance, hosted subscription capacity, and access to KLD Client Portal and ReadySuite™. CEO Christopher Weiler emphasized that Singularity addresses limitations of competitors, offering a unified platform with global reach and predictable pricing. KLDiscovery is recognized as a leader in eDiscovery and data recovery, serving clients globally for over 30 years.
FAQ
What is the current stock price of KLDISCOVERY A (KLDI)?
What is the market cap of KLDISCOVERY A (KLDI)?
What does KLDiscovery Inc. do?
How many employees does KLDiscovery have?
In how many countries does KLDiscovery operate?
What services does KLDiscovery offer?
What is Ontrack?
How long has KLDiscovery been in business?
What industries does KLDiscovery serve?
What are KLDiscovery's recent achievements?
Is KLDiscovery financially stable?
Does KLDiscovery offer managed document review services?
