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. (LZ) provides essential online legal solutions for businesses and individuals through its technology-driven platform. This news hub offers investors and stakeholders timely updates on corporate developments, financial performance, and strategic initiatives shaping the legal services sector.
Access official press releases detailing LZ's business expansions, partnership announcements, and service innovations. Track quarterly earnings reports, regulatory filings, and leadership updates that impact the company's market position. Our curated collection ensures you stay informed about key developments in business formation services, compliance solutions, and legal technology advancements.
Discover updates spanning corporate financial results, strategic acquisitions, and product enhancements within LZ's core offerings. The resource serves investors analyzing growth potential, businesses monitoring legal tech trends, and professionals tracking regulatory changes. Bookmark this page for streamlined access to material information about one of legal tech's most influential platforms.
LegalZoom.com reported a 15% year-over-year revenue increase for Q1 2022, totaling $154.2 million. Subscription revenue surged 29% to $84.4 million, with a net addition of 33,000 subscription units. However, the company posted a net loss of $30.6 million, a significant rise from last year, mainly due to higher operating expenses and a decline in gross margin to 64%. Cash reserves stand at $247.5 million with no debt. The guidance for Q2 expects revenue between $162-$164 million.
LegalZoom (NASDAQ: LZ) has partnered with the Los Angeles Sparks to empower women entrepreneurs through initiatives like Fast Break For Small Business, providing $6 million in grants and services. This marks LegalZoom's first WNBA partnership, aiming to address disparities in underserved communities. The campaign Small Business Champions, launching in June, will recognize and support women-led businesses in Southern California. Applications for grants are open until May 27, 2022.
Wix.com Ltd (NASDAQ: WIX) has partnered with LegalZoom.com, Inc (NASDAQ: LZ) to support small business owners in creating and managing their online presence. This collaboration will integrate services allowing entrepreneurs to form their businesses legally in the U.S. while building their website simultaneously. LegalZoom's legal and compliance tools combined with Wix's website-building capabilities aim to streamline small business startups, providing tailored solutions at various stages of business development. The joint offering is expected to launch in the second half of 2022.
LegalZoom.com, Inc. (NASDAQ: LZ) will disclose its first quarter financial results for the period ending March 31, 2022, on May 12, 2022, after market close. The CEO, Dan Wernikoff, and CFO, Noel Watson, will host a conference call at 4:30 p.m. EST to discuss these results. A live audio webcast will be accessible via the company’s Investor Relations website, with an archived replay available for three months post-event. LegalZoom provides essential legal solutions across the U.S., helping businesses navigate legal complexities efficiently.
LegalZoom reported a fourth quarter revenue of $142.1 million, up 16% year-over-year, with full year revenue reaching $575 million, a 22% increase. The company completed 447,000 business formations in 2021, up 18% from 2020. Subscription revenue rose by 29% to $80.7 million with a total of 1.329 million subscription units. However, the company suffered a net loss of $20.8 million for the quarter and $108.6 million for the year, mainly due to increased stock-based compensation. The Board approved a $150 million share repurchase program to enhance shareholder value.
LegalZoom has appointed Sivan Whiteley as a new board member, effective March 18, 2022. Whiteley, currently the Chief Legal Officer at Block, Inc., brings extensive experience in legal, regulatory, and compliance fields, particularly within regulated industries. Her insights are expected to support LegalZoom in advancing its mission to assist small business owners. The board undergoes a governance rotation, with two current members stepping down, ensuring fresh perspectives and strengthening leadership during a critical growth phase.
LegalZoom.com, Inc. (NASDAQ: LZ) will announce its fourth quarter and fiscal year 2021 financial results on March 10, 2022, post-market. CEO Dan Wernikoff and CFO Noel Watson will conduct a conference call at 4:30 p.m. EST to discuss the results. A live audio webcast will be accessible on their Investor Relations website, with an archived replay available for three months. LegalZoom is recognized for democratizing legal services in the U.S., facilitating 10% of new LLCs and 5% of new corporations in 2020, while providing legal compliance solutions across all 50 states.
LegalZoom (NASDAQ: LZ) has launched a three-year initiative, the Fast Break for Small Business, in partnership with the NBA, WNBA, and NBA G League. This program will distribute $6 million in grants, alongside LegalZoom services, to support small businesses, particularly those owned by marginalized communities. In the first round, 50 businesses were selected from over 11,000 applicants, receiving $10,000 each. The initiative aims to empower underserved small business owners across 27 states through critical resources and capital.
LegalZoom (NASDAQ: LZ) has announced upcoming investor conference presentations featuring CEO Dan Wernikoff and CFO Noel Watson. Wernikoff will present at the Credit Suisse Annual Technology Conference on November 30, 2021, and the Barclays Global Technology, Media, and Telecommunications Conference on December 7, 2021. Watson will present at the Raymond James Annual Technology Conference on December 8, 2021. Live webcasts will be available on LegalZoom's investor relations website, with archived replays accessible for a limited time.
LegalZoom reported a third-quarter revenue of $147.9 million, marking a 12% year-over-year increase. Transaction revenue grew by 5% to $66.9 million, while subscription revenue surged 24% to $73.3 million, driven by 1,264,000 subscription units. However, the company faced a net loss of $39.7 million, a significant decline from a net income of $9.4 million in Q3 2020. Adjusted EBITDA dropped to $15.1 million, down 45% year-over-year. Looking ahead, revenue guidance for Q4 is projected between $142 million and $146 million.
