CS Disco, Inc. - LAW STOCK NEWS

DISCO (NYSE: LAW) has announced the upcoming release of DISCO Cecilia, an AI chatbot aimed at enhancing evidence retrieval for lawyers. Utilizing generative AI and large language models, Cecilia will provide direct answers to legal queries with citations from private Ediscovery databases, rather than relying solely on public data. Expected to launch commercially in 2023, DISCO Cecilia promises to simplify the legal search process, allowing users to ask questions without extensive document reviews. The company will showcase Cecilia at Legalweek New York 2023 and is now accepting registrations for demos.

DISCO (NYSE:LAW) is launching a new campaign titled ‘Law Better’ to motivate legal professionals to embrace modern technology. The campaign features the character Lady Justice, symbolizing fairness and innovation, who encourages lawyers to overcome outdated legal tech. It has been developed by the creative agency BigSmall and aims to highlight the frustrations lawyers face with current tools. Directed by Clay Weiner, the campaign will begin in the US and expand globally. DISCO's AI-driven solutions simplify legal processes, making them more efficient for law firms and legal departments.

CS Disco, Inc. (LAW) reported a fiscal year 2022 total revenue of $135.2 million, marking an 18% year-over-year increase. However, the fourth quarter revenue declined by 4% to $32.5 million compared to Q4 2021. The company experienced a GAAP net loss of $70.8 million for the year, up from $24.3 million in 2021, with an adjusted EBITDA of (44.5) million. Looking ahead, for Q1 2023, DISCO expects revenue between $30.5 million and $32.5 million and anticipates a net loss within (16.5) to (14.5) million. The fiscal year 2023 revenue is projected to be between $135 million and $145 million.

CS Disco, Inc. (NYSE: LAW) will announce its financial results for Q4 and the fiscal year ending December 31, 2022 on February 23, 2023. The results will be discussed in a conference call and webcast at 5:00 p.m. ET, where details about the company's performance and highlights are expected. The call can be accessed via phone or through DISCO's investor relations website.

DISCO specializes in AI-powered legal solutions, enhancing efficiency in eDiscovery, legal document review, and case management.

CS Disco, Inc. (NYSE: LAW) reported a total revenue of $34.5 million for Q3 2022, reflecting a 15% year-over-year increase. The customer base grew to 1,318, a 26% increase year-on-year. However, GAAP net loss widened to $20.1 million from $9.2 million in Q3 2021, while adjusted EBITDA loss deepened to ($13.1) million. The company is projecting full-year revenue between $132.0 million and $136.0 million, indicating a growth rate of 15% to 19% and an adjusted EBITDA loss forecast of ($54.0) million to ($50.0) million.

DISCO (NYSE:LAW) has launched Collect For Slack, a cloud-based solution enhancing legal workflow within collaboration tools like Slack. This feature aims to streamline data collection, improve information governance, and reduce costs for legal teams. It integrates with Slack’s APIs to facilitate seamless data handling for litigation and compliance. The tool addresses the challenges of collecting data from disjointed communication channels, mitigating risks associated with data deletion and ensuring compliance with preservation requirements.

DISCO (NYSE:LAW) has been recognized as a Leader in the IDC MarketScape: Worldwide eDiscovery Review Software 2022 assessment. This recognition highlights DISCO's strengths in scalability and ease of use, essential for servicing enterprise markets. Its AI-powered platform, DISCO Ediscovery, allows legal professionals to manage substantial data, workflows, and costs efficiently. The company focuses on integrating innovative technologies to enhance document review processes, aiming for better legal outcomes.

DISCO (NYSE: LAW) will release its third quarter financial results for 2022 after market close on November 10, 2022. A conference call discussing these results will be held at 5:00 p.m. ET on the same day. Investors can join the call by dialing (888) 550-5431 in the U.S. or +1 (646) 960-0807 internationally, using conference ID 8394292. A replay will be available post-call until December 1, 2022. DISCO offers AI-driven legal technology solutions that enhance legal document management and ediscovery.

LiveOak Venture Partners, a venture capital firm based in Austin, Texas, has been recognized as one of Inc.'s Founder-Friendly Investors for 2022. This honor highlights firms that have significantly contributed to the growth of founder-led businesses. LiveOak has a strong track record, helping Texas-based companies raise over $1B. Their investment strategy focuses on nurturing early-stage tech startups. Founders commend LiveOak for their strategic support and commitment to building future leaders in Texas's vibrant entrepreneurial ecosystem.