NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Elevance Health, Inc. (NYSE: ELV) between April 18, 2024 and October 16, 2024, both dates inclusive (the “Class Period”), of the important July 11, 2025 lead plaintiff deadline. SO WHAT: If you purchased Elevance common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement ...

Core Viewpoint - Civitas Resources, Inc. is facing a class action lawsuit due to alleged misleading statements regarding its oil production and financial condition during the specified class period from February 27, 2024, to February 24, 2025 [1][3]. Group 1: Class Action Details - The Rosen Law Firm is reminding investors of the July 1, 2025 deadline to become a lead plaintiff in the class action against Civitas Resources [1][2]. - Investors who purchased Civitas securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1][2]. Group 2: Allegations Against Civitas - The lawsuit claims that Civitas made materially false and misleading statements, failing to disclose significant reductions in oil production expected in 2025 due to declines in the DJ Basin and low TIL count [3]. - It is alleged that increasing oil production would require Civitas to incur significant debt and sell corporate assets, which would disrupt its financial condition and lead to workforce reductions [3]. - The lawsuit asserts that Civitas' public statements regarding its business and financial prospects were overstated, resulting in investor damages when the true details became known [3]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and being recognized for its success in the field [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of securities of Compass Diversified Holdings (NYSE: CODI) for the period between May 1, 2024, and May 7, 2025, due to alleged misleading statements and undisclosed financial irregularities [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Compass's subsidiary, Lugano Holdings, Inc., had unrecorded financing arrangements and irregularities in its financial reporting [5]. - It is alleged that these irregularities rendered Compass's overall financial statements unreliable and necessitated a restatement [5]. - The lawsuit asserts that Compass failed to maintain adequate internal controls over its financial statements, leading to materially false public statements [5]. Group 2: Participation Information - Investors who purchased Compass securities may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly [3][6]. - A lead plaintiff must move the Court by July 8, 2025, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing client interests [4].

Financial Data and Key Metrics Changes - In Q1 2025, total revenue was $36,700,000, up 3% year over year, while software revenue was $30,900,000, also up 3% year over year [22][25] - Adjusted EBITDA for Q1 was negative $5,100,000, representing an adjusted EBITDA margin of negative 14%, an improvement from negative 15% in Q1 of the prior year [25] - The company ended Q1 with $118,800,000 in cash and short-term investments and no debt [25] Business Line Data and Key Metrics Changes - Services revenue, which includes DISCO managed review and professional services, was $5,800,000, up 2% year over year [22] - The number of customers contributing more than $100,000 in total revenue over the last twelve months increased by 8% year over year, representing 76% of total revenue [7][22] Market Data and Key Metrics Changes - The company noted growth in revenue from large multi-terabyte matters, indicating a positive trend for future revenue [8][9] - The Cecilia Generative AI suite saw significant growth, with the number of Cecilia Q and A customers increasing five times from Q1 2024 [13][14] Company Strategy and Development Direction - The company launched a new customer value proposition, "With You In Every Case," aimed at enhancing customer engagement and showcasing the integration of software and services [10][11] - Strategic initiatives include enhancing talent, targeting accounts, and aligning incentives to drive revenue growth from larger customers and matters [13][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's ability to weather potential economic downturns, citing historical trends where litigation increases during such times [20][21] - The company is focused on executing its strategy and believes it is well-positioned for future growth, with an outlook for total revenue in FY 2025 to be between $146,000,000 and $158,000,000 [26][58] Other Important Information - The company reported a gross margin of 75% in Q1, with fluctuations based on customer usage [23] - Operating cash flow in Q1 was negative $10,500,000, compared to negative $7,300,000 in Q1 of the prior year [25] Q&A Session Summary Question: Plans for the next 12-18 months to drive faster growth - Management highlighted the focus on executing the strategy, enhancing operational effectiveness, and aligning resources to target high-value accounts [28][30] Question: Clarification on the new tagline "With You In Every Case" - The tagline emphasizes the integration of services and software, showcasing the company's ability to support customers in both self-service and complex matters [36][40] Question: Expense levers to reduce operating losses during an economic downturn - Management indicated that while there may be headwinds, historical trends suggest litigation could increase, providing opportunities for growth [46][47] Question: How new customers generally come to DISCO - New customer acquisition involves a mix of account-based marketing, events, and thought leadership, with a strong focus on expanding relationships with existing customers [50][53]

Financial Data and Key Metrics Changes - In Q1 FY2025, total revenue was $36.7 million, up 3% year-over-year, while software revenue was $30.9 million, also up 3% year-over-year [20][21] - Adjusted EBITDA for Q1 was negative $5.1 million, representing an adjusted EBITDA margin of negative 14%, an improvement from negative 15% in the prior year [23] - The company ended Q1 with $118.8 million in cash and short-term investments and no debt [6][23] Business Line Data and Key Metrics Changes - Services revenue, which includes DISCO managed review and professional services, was $5.8 million, up 2% year-over-year [20] - The number of customers contributing over $100,000 in total revenue over the last twelve months increased by 8% year-over-year, representing 76% of total revenue [7] Market Data and Key Metrics Changes - The company noted growth in revenue from large multi-terabyte matters, indicating a positive trend for future revenue [8] - The Cecilia Generative AI suite saw significant growth, with the number of Cecilia Q and A customers increasing fivefold from Q1 FY2024 [12] Company Strategy and Development Direction - The company launched a new customer value proposition, "With You In Every Case," aimed at enhancing customer engagement and showcasing the integration of software and services [9][10] - Strategic initiatives include enhancing talent, targeting accounts, and aligning incentives to drive revenue growth from larger customers and matters [12][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's ability to weather potential economic downturns, citing historical trends where litigation increases during such times [19][42] - The company is focused on executing its strategy and believes it is well-positioned for future growth, with a target of reaching adjusted EBITDA breakeven by Q4 FY2026 [43] Other Important Information - The company is committed to continuous innovation and has released several new capabilities to enhance customer experience and operational efficiency [16][17] - Management emphasized the importance of customer feedback in driving product development and innovation [17] Q&A Session Summary Question: Plans for the next 12-18 months to drive faster growth - Management highlighted the focus on executing the current strategy, enhancing operational effectiveness, and improving customer success teams to drive growth [26][30] Question: Clarification on the new tagline "With You In Every Case" - The tagline reflects the company's commitment to providing both self-service solutions and comprehensive support for larger matters, emphasizing the integration of services and products [33][37] Question: Expense levers to reduce operating losses during an economic downturn - Management indicated that while there are potential headwinds, the strategy focuses on working with clients on critical matters, which are less impacted by economic downturns [41][42] Question: How new customers generally come to DISCO - New customer acquisition involves a mix of account-based marketing, events, and thought leadership, with a strong emphasis on expanding relationships with existing customers [46][50]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Exact name of registrant as specified in its charter) Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40624 CS Disco, Inc. (State or other jurisdiction of incorporation or or ...

DISCO Announces First Quarter 2025 Financial Results Total Revenue of $36.7 Million, A Year over Year Increase of 3% AUSTIN, Texas - May 7, 2025 - CS Disco, Inc. ("DISCO") (NYSE: LAW) today announced financial results for its first quarter ended March 31, 2025. "At DISCO, we are shaping the future of litigation and believe our industry-leading platform equips legal teams with tools not previously available to the legal world," said Eric Friedrichsen, DISCO Chief Executive Officer. "We are enabling customers ...

NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds persons or entities that (1) sold or otherwise disposed of the publicly-traded common stock of Cerevel Therapeutics Holdings, Inc. (NASDAQ: CERE) during the period from October 11, 2023 through August 1, 2024, inclusive (the “Class Period”); (2) held shares of Cerevel as of the January 8, 2024 record date and were entitled to vote on the merger of Cerevel and AbbVie Inc.; and/or (3) sold shares of Cer ...

NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of enCore Energy Corp. (NASDAQ: EU) between March 28, 2024 and March 2, 2025, both dates inclusive (the “Class Period”), of the important May 13, 2025 lead plaintiff deadline. SO WHAT: If you purchased enCore securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO D ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Canopy Growth Corporation securities between May 30, 2024, and February 6, 2025, of the upcoming lead plaintiff deadline on June 3, 2025 [1] Group 1: Class Action Details - Investors who purchased Canopy Growth securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6] - The lawsuit alleges that Canopy Growth made false and misleading statements regarding its financial health and cost management, which negatively impacted investors when the truth was revealed [5] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4] - The firm has achieved significant settlements in the past, including the largest securities class action settlement against a Chinese company at the time and has consistently ranked highly in securities class action settlements [4] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [4]