CS Disco, Inc.

Description

CS Disco, Inc. provides cloud-native and artificial intelligence-powered legal solutions for legal hold, legal request, ediscovery, legal document review, and case management in the United States and internationally. It offers DISCO Request, a solution that automates response compliance for legal requests; and DISCO Ediscovery, a solution that automates the ediscovery process and saves legal departments from manual tasks associated with collecting, processing, enriching, searching, reviewing, analyzing, producing, and using enterprise data that is at issue in legal matters. The company also provides DISCO Hold, a solution that automates manual work to preserve data, notify custodians, track holds with a defensible audit trail, and collect data when ready; DISCO Review, an AI-powered document review solution that delivers legal document reviews; and DISCO Case Builder, a solution that allows legal professionals to collaborate with teams to build a compelling case by offering a single place to search, organize, and review witness testimony and other legal data. The company's solutions are used in various legal matters comprising litigation, investigation, compliance, and diligence. It serves enterprises, law firms, legal services providers, and governments. CS Disco, Inc. was founded in 2012 and is headquartered in Austin, Texas.

About

CEO
Mr. Eric Friedrichsen
Employees
543
Instrument type
Common Stock
Sector
Technology
Industry
Software - Application
MIC code
XNYS
Address
111 Congress Avenue, Austin, TX 78701, United States
Phone
833 653 4726
Website
Chart Image
× Enlarged Chart
Oscillators
No data available
Summary
No data available
Moving Averages
No data available

Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Nov 5, 2025
Aug 7, 2025
May 8, 2025
Feb 21, 2025 -0.11
Nov 7, 2024 -0.09 -0.06 0.03 -33.33%

Earnings estimate

Next Quarter
(Mar 2025)
Next Year
(Dec 2025)
Number of analysts 6 6
Average estimate -0.09 -0.29
Low estimate -0.12 -0.41
High estimate -0.05 -0.15
Last year EPS -0.08 -0.33
[stock_revenue_estimate]

Growth estimates

Current qtr
-969.600%
Next qtr. (Mar 2025)
-10.410%
Current year
12.490%
Next year (Dec 2025)
12.580%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Jan 6, 2025
Jefferies
Brent Thill
Maintains Hold ▼ Lowers $6 → $5.5
Dec 9, 2024
Needham
Scott Berg
Maintains Buy Maintains $8
Nov 7, 2024
Needham
Scott Berg
Reiterates Buy Maintains $8
Oct 29, 2024
Jefferies
Brent Thill
Maintains Hold ▲ Raises $5.5 → $6
Aug 9, 2024
Needham
Scott Berg
Maintains Buy ▼ Lowers $11 → $8
Jul 2, 2024
JP Morgan
Brian Essex
Downgrade Underweight ▼ Lowers $8 → $5
May 10, 2024
Needham
Scott Berg
Maintains Buy ▼ Lowers $15 → $11
Apr 10, 2024
Needham
Scott Berg
Reiterates Buy Maintains $15
Mar 22, 2024
JP Morgan
Sterling Auty
Assumes Neutral Announces $9
Mar 15, 2024
Needham
Scott Berg
Reiterates Buy Maintains $15
Feb 23, 2024
Piper Sandler
Arvind Ramnani
Maintains Neutral ▲ Raises $6.5 → $7.5
Feb 23, 2024
Needham
Scott Berg
Reiterates Buy Maintains $15
Jan 4, 2024
Needham
Scott Berg
Reiterates Buy Maintains $15
Nov 10, 2023
Piper Sandler
Arvind Ramnani
Maintains Neutral ▼ Lowers $9 → $6.5
Sep 14, 2023
MoffettNathanson
Jackson Ader
Downgrade Market Perform Announces $9
Sep 12, 2023
Needham
Scott Berg
Reiterates Buy Maintains $15
Aug 11, 2023
Citigroup
Maintains Neutral
Aug 10, 2023
JP Morgan
Maintains Overweight
Aug 10, 2023
Needham
Reiterates Buy
Aug 10, 2023
Stifel
Maintains Buy
Aug 10, 2023
Piper Sandler
Maintains Neutral
Aug 10, 2023
Canaccord Genuity
Maintains Buy
May 11, 2023
Piper Sandler
Arvind Ramnani
Reiterates Neutral Maintains $7.5
May 11, 2023
Stifel
Parker Lane
Maintains Buy ▼ Lowers $10 → $8
May 11, 2023
Canaccord Genuity
David Hynes
Maintains Buy ▼ Lowers $10 → $9
May 11, 2023
Needham
Scott Berg
Reinstates Buy Maintains $15
Feb 27, 2023
Piper Sandler
Arvind Ramnani
Downgrade Neutral ▼ Lowers $11 → $7.5
Feb 24, 2023
Needham
Scott Berg
Reiterates Buy Maintains $15
Feb 24, 2023
Cowen & Co.
J. Derrick Wood
Maintains Market Perform ▼ Lowers $12 → $8
Jan 12, 2023
Citigroup
Tyler Radke
Downgrade Neutral ▼ Lowers $16 → $8

Income statement

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total reported revenue 138.09M 135.19M 114.34M 68.44M 48.56M
Cost of revenue 34.95M 34.16M 31.10M 20.45M 14.46M
Gross profit 103.14M 101.03M 83.24M 48.00M 34.10M
Operating expense
Research & development 51.62M 59.26M 34.41M 26.60M 25.35M
Selling general and admin 101.36M 113.58M 72.66M 44.95M 39.10M
Other operating expenses
Operating income -49.85M -71.81M -23.83M -22.50M -30.35M
Non operating interest income
Income 8.31M 1.70M 106,000 155,000 652,000
Expense 168,000 473,000 540,000 456,000 124,000
Other income expense
Pretax income -41.71M -70.58M -24.26M -22.80M -29.82M
Tax provision 443,000 186,000 81,000 71,000 10,000
Net income -42.15M -70.77M -24.34M -22.87M -29.83M
Basic EPS -0.70 -1.20 -0.73 -0.47 -0.65
Diluted EPS -0.70 -1.20 -0.73 -0.47 -0.65
Basic average shares 60.14M 58.75M 33.21M 49.18M 45.97M
Diluted average shares 60.14M 58.75M 33.21M 49.18M 45.97M
EBITDA -37.38M -67.13M -22.05M -20.72M -28.90M
Net income from continuing op. -42.15M -70.77M -24.34M -22.87M -29.83M
Minority interests
Preferred stock dividends 56,000 92,000 86,000

Balance sheet

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 231.55M 256.32M 287.40M 79.11M 35.90M
Current assets
Cash
Cash equivalents
Cash and cash equivalents 159.55M 203.24M 255.48M 58.57M 23.22M
Other short term investments
Accounts receivable 26.99M 22.72M 20.74M 12.91M 7.36M
Other receivables
Inventory
Prepaid assets
Restricted cash
Assets held for sale
Hedging assets
Other current assets 5.80M 5.58M 4.63M 1.36M 1.34M
Non current assets
Properties 8.14M 9.82M 864,000 1.85M
Land and improvements
Machinery furniture equipment 17.95M 12.98M 8.90M 6.17M 4.37M
Construction in progress
Leases 1.03M 467,000 111,000 111,000 330,000
Accumulated depreciation -9.31M -5.94M -3.67M -2.41M -1.11M
Goodwill 26.48M 12.76M 3.26M 1.89M
Investment properties
Financial assets
Intangible assets 14.68M 962,000 3.26M 1.89M
Investments and advances
Other non current assets 823,000 591,000 351,000 539,000 382,000
Total liabilities 31.21M 32.69M 18.72M 174.03M 110.25M
Current liabilities
Accounts payable 5.23M 8.49M 4.69M 3.59M 3.99M
Accrued expenses 11.73M 8.24M 10.80M 5.88M 3.80M
Short term debt 1.87M 1.94M 989,000 1.13M
Deferred revenue 4.29M 4.10M 2.18M 1.64M 1.42M
Tax payable
Pensions
Other current liabilities
Non current liabilities
Long term debt 7.29M 8.97M 989,000
Provision for risks and charges
Deferred liabilities
Derivative product liabilities
Other non current liabilities 800,000 950,000 75,000 270,000
Shareholders equity
Common stock 306,000 296,000 291,000 68,000 67,000
Retained earnings -240.38M -198.23M -127.46M -103.12M -80.25M
Other shareholders equity
Total shareholders equity 200.34M 223.64M 268.68M -94.92M -74.35M
Additional paid in capital 440.41M 421.57M 395.85M 8.13M 5.83M
Treasury stock
Minority interest

Cash flow statement

20232022202120202019
Operating Activities
Net Income-42.15M-70.77M-24.34M-22.87M-29.83M
Depreciation4.16M2.97M1.67M1.62M803,000
Deferred Taxes
Stock-Based Compensation16.16M21.74M5.60M1.99M4.12M
Other Non-Cash Items2.18M3.12M1.23M1.41M38,000
Accounts Receivable-6.71M-3.27M-8.66M-6.00M-4.56M
Accounts Payable-4.09M3.19M1.09M-397,0002.28M
Other Assets & Liabilities-1.47M904,000-3.68M-1.19M284,000
Operating Cash Flow-31.92M-42.12M-27.09M-25.43M-26.87M
Investing Activities
Capital Expenditures-4.86M-4.38M-3.11M-1.90M-3.33M
Net Intangibles-14.00M
Net Acquisitions-1.18M-5.31M
Purchase of Investments
Sale of Investments
Investing Cash Flow-6.04M-9.69M-3.11M-1.90M-3.33M
Financing Activities
Long-Term Debt Issuance23.30M
Long-Term Debt Payments-40,000-42,000-112,000-23.41M-5.78M
Other Financing Charges-176,000
Financing Cash Flow-129,000-590,000219.22M59.51M43.98M
Other Cash Details
End Cash Position159.55M203.24M255.48M58.57M23.22M
Income Tax Paid766,000397,00097,00087,00036,000
Interest Paid105,000365,00085,000
Free Cash Flow-44.39M-50.39M-24.75M-24.62M-30.62M
Error: Invalid format in Holders JSON file.
DISCO to Announce Fourth Quarter and Fiscal Year 2024 Financial Results On February 20, 2025 Article
DISCO to Announce Fourth Quarter and Fiscal Year 2024 Financial Results On February 20, 2025
AUSTIN, Texas--(BUSINESS WIRE)--CS Disco, Inc. (“DISCO”) (NYSE: LAW), a leader in AI-enabled legal technology, today announced that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2024 after market close on Thursday, February 20, 2025. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on Thursday, February 20, 2025. The conference call can be.
Business Wire Neutral
Feb 4, 2025
CS Disco (LAW) Soars 9.3%: Is Further Upside Left in the Stock? Article
CS Disco (LAW) Soars 9.3%: Is Further Upside Left in the Stock?
CS Disco (LAW) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Zacks Investment Research Positive
Jan 29, 2025
Strength Seen in CS Disco (LAW): Can Its 5.3% Jump Turn into More Strength? Article
Strength Seen in CS Disco (LAW): Can Its 5.3% Jump Turn into More Strength?
CS Disco (LAW) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Zacks Investment Research Positive
Jan 8, 2025
Scroll to Top

Markets

Crypto

how to invest

Who we are