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ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages e.l.f. Beauty, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – ELF
GlobeNewswire News Room· 2025-03-17 19:41
Core Viewpoint - Rosen Law Firm is reminding investors who purchased e.l.f. Beauty, Inc. securities between November 1, 2023, and November 19, 2024, of the May 5, 2025, deadline to become a lead plaintiff in a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Elf securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court by May 5, 2025, to serve as lead plaintiff, representing other class members [2][4]. - The lawsuit alleges that Elf made false and misleading statements regarding its inventory levels, sales performance, and financial prospects, which were later revealed to be materially false [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [3]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3]. - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, highlighting the firm's expertise and reputation in the field [3].
ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Intellia Therapeutics, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NTLA
GlobeNewswire News Room· 2025-03-16 16:09
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Intellia Therapeutics, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on April 14, 2025 [1]. Group 1: Class Action Details - Investors who purchased Intellia securities between July 30, 2024, and January 8, 2025, 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 submitting a form or contacting the law firm [3][6]. - The lawsuit claims that Intellia provided misleading information regarding its Phase 1/2 study for NTLA-3001, failing to disclose the declining demand for viral-based editing methods [5]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].
ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Elastic N.V. Investors to Secure Counsel Before Important Deadline in Securities Class Action – ESTC
GlobeNewswire News Room· 2025-03-14 21:00
NEW YORK, March 14, 2025 (GLOBE NEWSWIRE) -- WHY: New York, N.Y., March 14, 2025. Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Elastic N.V. (NYSE: ESTC) between May 31, 2024 and August 29, 2024, both dates inclusive (the “Class Period”), of the important April 14, 2025 lead plaintiff deadline. SO WHAT: If you purchased Elastic securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a continge ...
ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Elastic N.V. Investors to Secure Counsel Before Important Deadline in Securities Class Action – ESTC
GlobeNewswire News Room· 2025-03-06 01:09
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Elastic N.V. securities between May 31, 2024, and August 29, 2024, of the April 14, 2025, deadline to become lead plaintiffs in a class action lawsuit due to alleged misleading statements by the company [1][2]. Group 1: Class Action Details - Investors who bought Elastic securities during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the court by April 14, 2025, to serve as lead plaintiffs [2]. - The lawsuit claims that Elastic made false and misleading statements regarding its sales operations and revenue guidance, which led to investor damages when the truth was revealed [4]. 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, highlighting its own achievements in this area [3]. - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [3].
ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Alarum Technologies Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action – ALAR
GlobeNewswire News Room· 2025-03-02 14:54
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Alarum Technologies Ltd. securities during the specified Class Period of the upcoming lead plaintiff deadline on April 15, 2025 [1]. Group 1: Class Action Details - Investors who purchased Alarum securities between March 14, 2024, and August 26, 2024, 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 Alarum made false and misleading statements regarding its customer engagement effectiveness and revenue growth potential, leading to investor damages 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, highlighting its own achievements in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019 and has been consistently ranked among the top firms for securities class action settlements since 2013 [4].
ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Mullen Automotive, Inc. f/k/a Net Element, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – MULN, NETE
GlobeNewswire News Room· 2025-02-27 19:40
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Mullen Automotive, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on April 14, 2025 [1]. Group 1: Class Action Details - Investors who purchased Mullen securities between February 3, 2023, and March 13, 2024, 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 the law firm or visiting their website [3][6]. - The lead plaintiff must file a motion with the Court by April 14, 2025, to represent other class members in the litigation [3]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, and many attorneys at the firm have received accolades from Lawdragon and Super Lawyers [4]. Group 3: Case Allegations - The lawsuit alleges that Mullen made false and misleading statements regarding its intentions for a reverse stock split, overstated partnerships and battery technology capabilities, and failed to disclose material information about financing agreements [5]. - Specific allegations include the CEO's knowledge of the necessity for a reverse stock split and the failure to disclose prior convictions of a key individual involved with the company [5]. - The lawsuit claims that these misleading statements resulted in investor damages when the true information became public [5].
CS Disco(LAW) - 2024 Q4 - Earnings Call Transcript
2025-02-21 04:16
Financial Data and Key Metrics Changes - Software revenue for fiscal year 2024 was $120.1 million, up 7% year-over-year, while services revenue was $24.7 million, down 4% year-over-year, leading to total revenue of $144.8 million, up 5% from the previous year [7][45][46] - Adjusted EBITDA for fiscal year 2024 was negative $18.7 million, an improvement of $7.2 million from the prior year, with a net loss of $17.2 million, or negative 12% of revenue, compared to a net loss of $22.8 million, or negative 17% of revenue in 2023 [8][51][52] - The company ended the year with $129.1 million in cash and short-term investments, with no debt [8][52] Business Line Data and Key Metrics Changes - Revenue from customers contributing more than $100,000 grew at more than double the rate of those contributing less than $100,000, with 19 customers contributing more than $1 million in revenue [9] - The dollar-based net retention (DNR) improved year-over-year from 92% to 96%, with software DNR improving from 97% to 100% [9] Market Data and Key Metrics Changes - The company ended fiscal year 2024 with 315 customers each contributing more than $100,000 in total revenue, a 9% increase year-over-year [8][9] - The multi-product attach rate was 17% at year-end, indicating growth in customer engagement with multiple products [9][106] Company Strategy and Development Direction - The company is focused on becoming a more customer-centric organization, enhancing internal operations, and fostering cultural improvement [11][12] - The strategy includes targeting larger customers, reallocating investments to drive revenue growth, and enhancing the sales and marketing approach [21][84] - Product development is centered on core ediscovery and Cecilia AI capabilities, with a focus on delivering meaningful enhancements [30][86] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving breakeven adjusted EBITDA by Q4 2026, emphasizing a commitment to sustainable profitability and growth [42][43][68] - The company is optimistic about the early signs of success from its strategic shifts and is focused on driving innovation and improving execution [114] Other Important Information - The company recorded a full non-cash impairment charge of $15.2 million on its primary law asset and related capitalized development, which does not impact adjusted EBITDA [53] - For Q1 2025, total revenue guidance is in the range of $35 million to $37 million, with software revenue guidance between $30.1 million and $31.1 million [54] Q&A Session Summary Question: Selling environment in legal tech and AI tools - Management noted that the selling opportunity within the legal industry has become easier recently, with significant adoption of their Cecilia products [59][60] Question: Target for breakeven adjusted EBITDA - Management confirmed confidence in achieving breakeven adjusted EBITDA by Q4 2026, emphasizing a focus on larger customers to drive efficient growth [64][68] Question: Improvement in dollar net retention - Management reported that software retention improved to 100% from 97%, driven by larger customers, and expressed confidence in further improving DNR over time [72][74] Question: Investment priorities for the coming year - The company is investing in growth by targeting ideal customer profiles, enhancing sales leadership, and focusing on core ediscovery and Cecilia AI products [81][86] Question: Changes in sales force and maturity - Management indicated early positive results from the sales force changes, with a focus on larger customers leading to a 9% increase in customers spending over $100,000 [92][93]
CS Disco (LAW) Reports Q4 Loss, Tops Revenue Estimates
ZACKS· 2025-02-20 23:21
Core Viewpoint - CS Disco reported a quarterly loss of $0.07 per share, better than the Zacks Consensus Estimate of a loss of $0.11, indicating a 36.36% earnings surprise [1] - The company has shown consistent performance by surpassing consensus EPS estimates for four consecutive quarters [2] Financial Performance - CS Disco's revenues for the quarter ended December 2024 were $37 million, exceeding the Zacks Consensus Estimate by 2.25%, and up from $35.74 million year-over-year [2] - The current consensus EPS estimate for the upcoming quarter is -$0.08 on revenues of $36.46 million, and for the current fiscal year, it is -$0.30 on revenues of $149.54 million [7] Stock Performance - CS Disco shares have increased by approximately 3.4% since the beginning of the year, compared to a 4.5% gain in the S&P 500 [3] - The stock currently holds a Zacks Rank of 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Outlook - The Internet - Software industry, to which CS Disco belongs, is currently ranked in the top 34% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact CS Disco's stock performance [5]
CS Disco(LAW) - 2024 Q4 - Annual Report
2025-02-20 21:13
Customer Growth and Retention - As of December 31, 2024, the company had 1,478 customers, up from 1,463 in the previous year, and 315 large customers, an increase from 289[28] - The dollar-based net retention rate was 96% as of December 31, 2024, indicating strong customer loyalty and revenue growth from existing customers[21] Product Offerings and Innovation - The company’s product offerings are designed to automate legal processes, significantly reducing manual tasks and improving lawyer productivity[25] - The Cecilia AI platform, launched in Q4 2023 in the U.S. and Q3 2024 in Europe, enhances legal workflows with features like Q&A and smart timelines[25] - The company aims to pursue strategic acquisitions and investments to enhance its platform and product offerings, indicating a focus on growth through innovation[36] - The company plans to expand its product offerings to address additional areas of the legal function, anticipating increased competition in these areas[47] Financial Performance - Revenue for the year ended December 31, 2024, was $144.841 million, an increase from $138.090 million in 2023, representing a growth of approximately 5.0%[365] - The company's gross profit for 2024 was $107.427 million, compared to $103.142 million in 2023, indicating a gross margin improvement[365] - Total operating expenses increased to $169.150 million in 2024 from $152.987 million in 2023, reflecting a rise of approximately 10.6%[365] - The net loss attributable to common stockholders for 2024 was $55.774 million, compared to a loss of $42.150 million in 2023, representing an increase in losses of approximately 32.4%[365] Cash and Investments - Cash and cash equivalents were reported at $52.771 million as of December 31, 2024, down from $159.551 million in 2023[363] - The company experienced a net decrease in cash and cash equivalents of $106,780 thousand in 2024, compared to a decrease of $43,693 thousand in 2023[369] - The Company purchased $87,937 thousand in short-term investments in 2024, while there were no purchases in 2023[369] - As of December 31, 2024, the Company had $76.4 million in short-term investments, primarily in U.S. government securities[436] Research and Development - The research and development organization comprised 163 employees as of December 31, 2024[43] - The Company capitalized $2.4 million in software development costs in 2024, down from $4.3 million in 2023[439] - The Company recognized impairment charges of $1.2 million related to capitalized software development costs during the fourth quarter of 2024[440] Stock-Based Compensation and Share Repurchase - Total stock-based compensation expense for the years ended December 31, 2024 and 2023 was $22.3 million and $16.2 million, respectively[461] - The Company authorized a share repurchase program of up to $20.0 million, completing the repurchase of approximately 2.6 million shares at a weighted average price of $7.66 as of June 30, 2024[477] - The Company reversed $7.7 million in previously recognized stock-based compensation expense in September 2023 due to the termination of the CEO and cancellation of the CEO Performance Award[475] Tax and Deferred Tax Assets - The provision for income taxes for the year ended December 31, 2024, was $332,000, compared to $443,000 for 2023, reflecting a decrease in tax expenses[480] - The net deferred tax asset (liability) as of December 31, 2024, was $(127,000), compared to $(145,000) as of December 31, 2023, indicating a slight improvement[480] - The Company had a total deferred tax asset of $76.3 million and total deferred tax liabilities of $3.7 million as of December 31, 2024[480] Impairment Charges - The Company recorded a $15.2 million impairment charge in the year ended December 31, 2024, related to the primary law finite-lived intangible asset and capitalized software development costs[401] - A full non-cash impairment charge of $14.0 million was recorded for the primary law intangible asset due to zero future cash flows identified[452] - The Company recorded a $1.2 million non-cash impairment charge related to capitalized software development costs associated with the integration of the primary law intangible asset[454] Workforce and Organizational Changes - As of December 31, 2024, the Company had 151 professionals in its sales and marketing organization[41] - The Company recorded restructuring charges of $2.6 million during the year ended December 31, 2023, related to a global workforce reduction of approximately 9%[458]
CS Disco(LAW) - 2024 Q4 - Annual Results
2025-02-20 21:12
Financial Performance - Fourth Quarter 2024 total revenue was $37.0 million, a year-over-year increase of 4%[2] - Software revenue for the fourth quarter was $30.8 million, up 5% compared to the fourth quarter of 2023[4] - Fiscal Year 2024 total revenue was $144.8 million, up 5% compared to fiscal year 2023[4] - Revenue for the three months ended December 31, 2024, was $36,999 million, a 3.5% increase from $35,742 million in the same period of 2023[24] - Gross profit for the year ended December 31, 2024, was $107,427 million, compared to $103,142 million in 2023, reflecting a 4.0% increase[24] - Non-GAAP gross profit for the year ended December 31, 2024, was $109,142 million, compared to $104,178 million in 2023, showing a 4.7% increase[30] Losses and Expenses - GAAP net loss for the fourth quarter was $25.2 million, compared to $5.8 million in the fourth quarter of 2023[4] - The company reported a GAAP net loss of $55.8 million for fiscal year 2024, compared to $42.2 million in fiscal year 2023[4] - Net loss attributable to common stockholders for the year ended December 31, 2024, was $55,774 million, compared to $42,150 million in 2023, indicating a 32.4% increase in losses[24] - Adjusted EBITDA for the fourth quarter was $(4.3) million, compared to $(1.0) million in the fourth quarter of 2023[4] - Adjusted EBITDA for the year ended December 31, 2024, was $(18,718) million, an improvement from $(25,894) million in 2023[30] - The operating margin for the year ended December 31, 2024, was -43%, worsening from -36% in 2023[31] - Stock-based compensation expense for the year ended December 31, 2024, was $22.27 million, up from $16.16 million in 2023[31] Customer and Product Development - The number of large customers increased to 315, up from 289 as of December 31, 2023[4] - New product features introduced include Reproductions and document-level Bates numbering[4] Future Projections - First quarter 2025 total revenue is expected to be in the range of $35.0 million - $37.0 million[4] - Fiscal year 2025 total revenue is projected to be in the range of $145.5 million - $157.5 million[4] Cash Flow and Operating Activities - Cash and cash equivalents at the end of the period were $52,771 million, a significant decrease from $159,551 million at the beginning of the period[26] - Net cash used in operating activities for the year ended December 31, 2024, was $(8,749) million, an improvement from $(25,531) million in 2023[26] Research and Development - Research and development expenses for the year ended December 31, 2024, were $51,511 million, slightly down from $51,623 million in 2023[30] - Non-GAAP research and development as a percentage of revenue for the year ended December 31, 2024, was 30%, compared to 31% in 2023[30]