CS Disco Q2 revenue beats estimates on product expansion
LAW•Outlook for Q3 and full year
- Company sees Q3 software revenue between $38.1 mln and $39.1 mln
- Company expects Q3 total revenue of $43.75 mln to $45.75 mln
- Company forecasts full-year total revenue of $172 mln to $179 mln
Key metrics and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $43.15 mln | $42.67 mln (3 Analysts) |
| Q2 Adjusted Loss Per Share | Meet | $0.06 | $0.06 (3 Analysts) |
| Q2 Loss Per Share | $0.13 | ||
| Q2 Net Loss | $8.66 mln | ||
| Q2 Gross Profit | $32.11 mln | ||
| Q2 Operating Expenses | $41.33 mln | ||
| Q2 Operating Income | -$9.22 mln |
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell". The average consensus recommendation for the software peer group is "buy". Wall Street's median 12-month price target for CS Disco, Inc. is $6.00, about 43.9% above its August 4 closing price of $4.17.
