CS Disco, Inc. - LAW STOCK NEWS

Passage, a leader in passwordless identity solutions, has announced the launch of its public beta version, backed by $4 million in new funding from LiveOak Venture Partners and others. The company focuses on biometric authentication, enabling users to log in via Face ID and Touch ID, enhancing security and user experience. This funding will expand developer outreach and innovation in biometric solutions, eliminating reliance on passwords and improving conversion rates by reducing user friction during the login process.

CS Disco, Inc. (NYSE: LAW) announced that CEO Kiwi Camara and CFO Michael Lafair will present at the Needham Growth Conference.

• Date: Tuesday, January 11, 2022
• Time: 2:00 p.m. ET (1:00 p.m. CT)
• Webcast available at ir.csdisco.com, with an archived replay following the event.

DISCO offers AI-powered legal solutions for ediscovery and case management, enhancing efficiency for enterprises and legal professionals. More details can be found at www.csdisco.com.

LiveOak Venture Partners, based in Austin, Texas, has successfully closed Fund III, raising an oversubscribed $210M—the largest Texas-focused early-stage venture fund in over a decade. This boosts the firm's assets under management to nearly $500M. LiveOak has facilitated over $5B in enterprise value through investments in Texas startups, many in major tech hubs like Austin, Dallas, and Houston. The fund will prioritize initial investments of $1-$5M and scale up to $15M as companies grow, following a proven strategy of supporting entrepreneurs.

CS Disco, Inc. (LAW) reported a strong third quarter for 2021 with total revenue of $29.9 million, marking a 67% increase year-over-year. Despite the revenue growth, the company posted a GAAP net loss of $9.2 million, which widened from a $3.2 million loss in Q3 2020. Adjusted EBITDA was a loss of $7.6 million, up from a loss of $3.2 million in the prior year. For Q4 2021, DISCO anticipates revenue between $28.2 - $28.8 million, and for the full year, expects revenue of $108.7 - $109.3 million, representing a 59% to 60% growth.

DISCO (NYSE: LAW) is set to report its third-quarter financial results for the period ending September 30, 2021, after the market closes on November 9, 2021. The results will be discussed in a conference call and webcast scheduled for 6:00 p.m. ET on the same day. Investors can join by calling (833) 989-2979 in the U.S. or +1 (236) 714-3974 internationally. A replay will be available until November 30, 2021, and will also be accessible via DISCO's investor relations website.

CS Disco, Inc. (NYSE:LAW) has announced a public offering of 5,500,000 shares at $53.00 each by existing stockholders. The underwriters have a 30-day option to purchase an additional 550,000 shares at the same price. DISCO will not receive proceeds from this sale. The offering is expected to close on September 17, 2021, pending customary conditions. J.P. Morgan and BofA Securities are leading the underwriting team. The registration statement was declared effective on September 14, 2021.

DISCO (NYSE: LAW) has launched an underwritten public offering of 5 million shares of common stock by certain selling stockholders, with an additional 500,000 shares potentially available. DISCO will not receive proceeds from this sale. The offering is contingent upon market conditions, and a registration statement has been filed with the SEC but is not yet effective. Lead managers for the offering are J.P. Morgan Securities and BofA Securities. The lock-up period for some shares will be lifted concurrently with this offering, allowing sales only in connection with it.

CS Disco, Inc. (NYSE: LAW) reported strong financial results for Q2 2021, with total revenue of $29.5 million, an 88% increase year-over-year. The company narrowed its GAAP net loss to $3.1 million from $5.5 million in the prior year, while Adjusted EBITDA improved to ($1.6 million) versus ($4.4 million). Following its IPO on July 21, 2021, DISCO raised approximately $223.2 million. The company expects Q3 revenue between $25.5 - $25.9 million, a growth of 43% - 45%, and FY 2021 revenue of $103.5 - $104.3 million, reflecting a 51% - 52% increase.

Legal technology leader DISCO (NYSE: LAW) will release its financial results for the second quarter ended June 30, 2021, on September 2, 2021, after market close. A conference call to discuss these results is scheduled for the same day at 4:00 p.m. CT. Investors can access the call by dialing (844) 200-6205 or +44 20 8068 2558 internationally, using conference ID 481150. DISCO specializes in cloud-native, AI-powered legal solutions, streamlining ediscovery, legal document review, and case management for various sectors, including enterprises and law firms.