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KLDiscovery Inc. (KLDI) has announced the re-launch of the eDiscovery.com domain, focusing on its Nebula platform, which integrates advanced AI and machine learning. CEO Christopher Weiler highlighted that Nebula is central to the company's growth strategy, with significant market adoption since its launch three years ago. The new website will feature resources including a support site and a technology blog, further enhancing visibility and user engagement. KLDiscovery operates globally with a strong presence in data recovery and electronic discovery services.
KLDiscovery reported a revenue of $81.1 million for Q3 2021, a 12% increase from Q3 2020's $72.3 million. The company incurred a net loss of $(29.5 million), which includes a $22.5 million impairment charge. EBITDA rose 20% to $14.7 million year-over-year. The annualized revenue run rate is now at $325 million. KLDiscovery ended Q3 2021 with $41.8 million in cash, no debt drawn from its $40 million revolving credit facility, and aims for further growth through increased investment in its Nebula ecosystem.
KLDiscovery Inc. (KLDI) will report its third quarter 2021 financial results on November 11, 2021, after the market close. The management will hold a conference call at 8:30 AM ET on November 12, 2021, to discuss these results. The company specializes in electronic discovery, information governance, and data recovery solutions. It operates 32 locations and 9 data centers across 19 countries. KLDiscovery has been recognized for its rapid growth by Inc. Magazine and Deloitte, emphasizing its influence in the tech solutions sector.
KLDiscovery Inc. reported a record revenue of $81.7 million for Q2 2021, marking a 27% year-over-year increase from $64.4 million in Q2 2020. The net loss improved to $8.9 million from $14.9 million, reflecting a 41% reduction. EBITDA rose to $13.7 million, up 31% year-over-year, while Adjusted EBITDA increased 46% to $17.7 million. KLDiscovery ended the quarter with $42.9 million in cash and no debt drawn on its $40 million credit line. The company is witnessing a recovery in the legal sector, primarily due to its Nebula Ecosystem technology platform.
KLDiscovery Inc. (KLD) will release its second quarter 2021 financial results on August 11, 2021, after market close. A conference call is scheduled for August 12, 2021, at 8:30 AM ET to discuss the results. Investors can register for the call through a provided link and access the audio webcast on KLD's investor website. The company, recognized as a leader in eDiscovery and data recovery, operates in 33 locations and has been acknowledged as one of the fastest-growing firms in North America.
KLDiscovery has appointed Danny Zambito as the new Chief Operating Officer, a role that enhances his responsibilities in operations, client services, and human resources, aligning with the company's strategic vision. Having been with KLDiscovery since 2008, Zambito's past experience includes overseeing client services and integrating strategic acquisitions. CEO Chris Weiler believes Zambito's leadership will consolidate internal teams, creating efficiencies that will improve client and employee experiences, positioning KLDiscovery for future growth.
KLDiscovery reported Q1 2021 revenue of $75.5 million, down 3.6% from $78.3 million a year ago. Net loss expanded to $14.9 million from $12.5 million, an increase of 18.6%. Despite these challenges, EBITDA improved to $15.1 million, marking a 20.9% year-over-year growth. The company ended the quarter with $47.8 million in cash, a $26.2 million increase from Q1 2020, and reported a 76.5% rise in cash flow from operations. However, KLDiscovery refrained from providing full-year guidance due to uncertainties surrounding the COVID-19 pandemic.
KLDiscovery will announce its financial results for Q1 2021 on May 12, 2021, after market close. A conference call to discuss these results is scheduled for May 13, 2021, at 8:30 AM ET. Participants can register for the call via a provided link to receive dial-in details. KLDiscovery, a leader in electronic discovery and data recovery with 33 locations and 18 data centers globally, has been recognized as one of North America's fastest-growing companies and has over 30 years of experience in addressing complex data challenges.
KLDiscovery has appointed Arjun Shah to its Board of Directors, effective March 16, 2021. Shah, currently a Vice President at The Carlyle Group, specializes in technology investments. His prior experience includes roles at Tinicum and Blackstone, and he holds an MBA from Harvard Business School and degrees from Wharton and Engineering disciplines. CEO Christopher Weiler expressed enthusiasm about Shah's expertise enhancing the board's financial and technological capabilities. KLDiscovery continues to be a leader in eDiscovery and data recovery services globally.
