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Stock impact report

DISCO Announces Third Quarter 2021 Financial Results

CS Disco, Inc. (LAW) 
Company Research Source: Business Wire
Total Revenue of $29.9 Million, an Increase of 67% Versus Prior Year AUSTIN, Texas--(BUSINESS WIRE)--CS Disco, Inc. (“DISCO”) (NYSE: LAW) today announced financial results for its third quarter ended September 30, 2021.“Our third quarter was one of the best quarters in DISCO history. In the third quarter, revenue was up 67% year-over-year driven by our strategic focus to serve the needs of our clients to increase productivity and efficiency,” said Kiwi Camara, CEO of DISCO. “This past quarter further illustrates our ability to disrupt the legal technology industry.”Third Quarter 2021 Financial Highlights:Total revenue was $29.9 million, up 67% compared to the third quarter of 2020.GAAP net loss was $9.2 million, compared to $3.2 million in the third quarter of 2020.Adjusted EBITDA was ($7.6) million, compared to ($3.2) million in the third quarter of 2020.Recent Business Highlights:Completed Secondary Public Offering: DISCO completed a secondary public offering on September 17, 202 Show less Read more
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