Welcome to our dedicated page for LegalZoom.com news (Ticker: LZ), a resource for investors and traders seeking the latest updates and insights on LegalZoom.com stock.
LegalZoom.com, Inc. (Nasdaq: LZ) is a leading online platform providing comprehensive legal, tax, accounting, and compliance solutions tailored for small businesses and families in the United States. Since its inception over 15 years ago, LegalZoom has assisted more than three million Americans in navigating the complexities of legal and financial tasks. The company’s services encompass business formations, compliance and tax advice, estate plans, trademark filings, business licenses, accounting, virtual mailbox, and e-signature solutions.
Recent developments highlight LegalZoom’s ongoing commitment to supporting entrepreneurs. In November 2023, the company announced a Secondary Offering of 15,099,993 shares of common stock by LucasZoom, LLC, an affiliate of Permira Advisers LLC. Though LegalZoom is not directly offering shares in this transaction, it underscores the confidence investors have in the company's growth trajectory.
The company recently introduced the Beneficial Ownership Information Report service, aimed at ensuring compliance with the new Corporate Transparency Act. This service helps business owners avoid severe penalties associated with non-compliance by streamlining the filing process with the Financial Crimes Enforcement Network (FinCEN).
LegalZoom also announced partnerships with NBA Champion Giannis Antetokounmpo and WNBA Champion Kelsey Plum to support the Fast Break for Small Business grant program. This initiative, launched in collaboration with the NBA, WNBA, and NBA G-League, aims to distribute $3 million in grants and services to small business owners and aspiring entrepreneurs.
Financially, LegalZoom demonstrated strong performance in the fourth quarter of 2023, with significant revenue growth and an increase in Adjusted EBITDA margin, reflecting operational efficiencies. The company continues to invest in technology and expand its service offerings, ensuring robust support for its growing base of small business customers.
Looking ahead, LegalZoom is poised to maintain its leadership in online legal solutions by continuously enhancing its platform and broadening its ecosystem of services. With a mission to make legal and financial expertise accessible to all, LegalZoom empowers entrepreneurs to transform their business dreams into reality.
LegalZoom.com, Inc. (Nasdaq: LZ) is set to release its financial results for the first quarter ending March 31, 2023, on May 9, 2023, after market close. CEO Dan Wernikoff and CFO Noel Watson will conduct a conference call at 4:30 p.m. EDT to discuss the results. LegalZoom is a premier online platform providing legal and compliance solutions across the U.S., with over 20 years of experience. It aims to simplify legal processes for small businesses, offering services such as business formations, compliance advice, trademark filings, and estate planning. For further details, visit their investor relations website.
LegalZoom.com (Nasdaq: LZ) announced its participation in two major technology conferences: the JMP Securities Technology Conference on March 7, 2023, at 1:30 p.m. PT and the Morgan Stanley Technology, Media and Telecom Conference on March 9, 2023, at 8:00 a.m. PT. The presentations will feature CEO Dan Wernikoff and CFO Noel Watson. Live audio webcasts and replays will be available on the LegalZoom Investor Relations website. LegalZoom, a leading online platform for legal solutions in the U.S., aims to simplify the legal process for small businesses.
LegalZoom.com (Nasdaq: LZ) reported $146.6 million in revenue for Q4 2022, up 3% year-over-year, and $620.0 million for the year, an 8% increase. Subscription revenue rose 13% to $91.0 million in Q4, contributing to an annual total of $358.0 million, a 24% increase. Net income hit $1.7 million in Q4, a significant turnaround from a net loss of $20.8 million in Q4 2021. Adjusted EBITDA surged 277% to $26.5 million. The company expects Q1 2023 revenue between $153 million and $157 million and full-year revenue of $620 million to $640 million.
LegalZoom (Nasdaq: LZ) has partnered with NEXT Insurance to provide a seamless insurance solution for small business owners through the NEXT Connect platform. This integration enables users to obtain insurance quotes directly from the LegalZoom site, addressing a significant gap in coverage as only 9% of entrepreneurs reported having insurance when starting their businesses. The partnership aims to simplify the legal and insurance processes for entrepreneurs, offering automated information population and educational resources within the Business Toolkit. This initiative reflects LegalZoom's commitment to leveraging technology for better support of small businesses.
LegalZoom.com, Inc. (LZ) will announce its financial results for the fourth quarter and fiscal year ending December 31, 2022, on February 23, 2023, after market close. CEO Dan Wernikoff and CFO Noel Watson will discuss the results in a conference call at 4:30 p.m. EST on the same day. Investors can register for the call online and access a live audio webcast on LegalZoom's Investor Relations site. LegalZoom offers a range of legal and compliance solutions across the U.S. to help businesses navigate complex regulations.
On December 7, 2022, LegalZoom (Nasdaq: LZ) executives, CEO Dan Wernikoff and CFO Noel Watson, will attend the Barclays Global Technology, Media & Telecommunications Conference. Wernikoff's fireside chat is scheduled for 10:25 a.m. PT. The event will be accessible via a live audio webcast and replay on the LegalZoom Investor Relations website. LegalZoom is a leading online platform that simplifies legal and compliance processes, providing services across all 50 states for over 20 years.
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