Core Viewpoint - Rosen Law Firm is reminding investors who purchased common stock of Everus Construction Group, Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who acquired Everus Construction common stock between October 31, 2024, and February 11, 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 must move the Court to serve as lead plaintiff by June 3, 2025 [3]. Group 2: Case Background - The lawsuit alleges that during the Class Period, defendants made false or misleading statements regarding Everus Construction's backlog conversion cycle, which had become elongated due to larger, more complex projects [5]. - It is claimed that this elongation led to delays in revenue recognition, and the positive statements made by defendants about the company's business and prospects were materially misleading [5]. Group 3: 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 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Digimarc Corporation during the specified Class Period of the upcoming lead plaintiff deadline on July 8, 2025, and the potential for compensation without out-of-pocket costs [1][2]. Group 1: Class Action Details - A class action lawsuit has been filed against Digimarc Corporation, and investors can join the action by contacting Rosen Law Firm [2][5]. - The lawsuit alleges that Digimarc made false and misleading statements regarding its business operations, specifically about a large commercial partner not renewing a significant contract, which adversely affected subscription and annual recurring revenue [4]. Group 2: Rosen Law Firm's 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 [3]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone, and has consistently ranked in the top 4 for securities class action settlements since 2013 [3].

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]

Financial Performance - Revenue for the three months ended March 31, 2025, was $36.7 million, representing a 3% increase from $35.6 million in the same period of 2024[123] - Net loss for the three months ended March 31, 2025, was $11.4 million, compared to a net loss of $10.6 million for the same period in 2024[124] - Adjusted EBITDA for the three months ended March 31, 2025, was $(5.1) million, slightly improved from $(5.2) million in the same period of 2024[125] - Total revenue for the three months ended March 31, 2025, was $36,653,000, representing a 3% increase from $35,571,000 in the same period of 2024[153] - Net loss attributable to common stockholders was $11,393,000 for the three months ended March 31, 2025, compared to a loss of $10,582,000 in 2024[150] - Adjusted EBITDA for the three months ended March 31, 2025, was $(5,089,000), slightly improved from $(5,192,000) in the same period of 2024[163] Revenue Composition - Usage-based revenue accounted for 90% of total revenue for the three months ended March 31, 2025, while subscription revenue represented 10%[142] - Revenue from new customers added since March 31, 2024, contributed $4,500,000, offset by a $3,400,000 decrease in revenue from existing customers[153] Cash and Investments - As of March 31, 2025, the company had $34.5 million in cash and cash equivalents and $84.3 million in short-term investments[123] - As of March 31, 2025, the company had cash and cash equivalents of $34,500,000 and short-term investments of $84,300,000, sufficient to fund anticipated cash requirements for the next 12 months[164] - Significant purchases of short-term investments amounted to $45.4 million in Q1 2025, partially offset by $38.3 million in maturities of investments[172] Operating Expenses - Cost of revenue increased by $651,000, or 7%, to $9,503,000, with cloud hosting costs rising by $400,000 due to increased usage[156] - Research and development expenses rose by $2,178,000, or 18%, totaling $14,257,000, primarily due to increased personnel costs[157] - Sales and marketing expenses decreased by $1,281,000, or 8%, to $14,527,000, attributed to reduced headcount and marketing expenses[158] - General and administrative expenses decreased by $188,000, or 2%, to $10,976,000, mainly due to lower professional services and insurance costs[159] Cash Flow - Net cash used in operating activities for Q1 2025 was $10.5 million, an increase of $3.2 million from $7.3 million in Q1 2024, representing a 43% increase[170] - Cash used in investing activities for Q1 2025 was $7.7 million, an increase of $7.0 million from $0.7 million in Q1 2024, indicating a significant rise in investment expenditures[171] - Cash used in financing activities decreased to $0.1 million in Q1 2025, down by $2.8 million from $2.9 million in Q1 2024, a reduction of 97%[173] - The net decrease in cash and cash equivalents for Q1 2025 was $18.2 million, a 68% increase compared to $10.9 million in Q1 2024[168] - The increase in cash flow used in operations was partially due to a net loss increase of $0.8 million and a decrease of $1.7 million in accounts receivable[170] Strategic Initiatives - The company plans to expand its international customer base, particularly in the United Kingdom and India, where less than 10% of revenue was generated from customers outside the United States[138] - The company intends to continue pursuing strategic acquisitions and investments to enhance its product offerings and bring in talent[139] - The launch of the ediscovery chatbot, Cecilia, occurred in Q4 2023 in the United States and Q3 2024 in Europe, showcasing the company's commitment to innovation[130] - The company aims to increase sales coverage by enhancing its sales force headcount in strategic locations across the United States and globally[135] Economic Factors - Macroeconomic conditions, including inflation and geopolitical events, may negatively impact the company's growth and results of operations[126] Financing and Accounting - The company may seek additional equity or debt financing in the future to support growth and innovation[167] - The company has historically generated negative cash flows and supplemented working capital primarily through equity securities sales[169] - The company capitalizes certain software development costs, which are amortized over an estimated useful life of four years[176] - Acquisitions involve significant estimates and assumptions regarding the fair value of intangible assets, which may lead to adjustments in future periods[177] - The company has opted not to use the extended transition period for complying with new accounting standards as an emerging growth company[179]

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 ...