CS Disco Files 8-K on Financial Condition & Operations

Ticker: LAW · Form: 8-K · Filed: Jan 4, 2024 · CIK: 1625641

Complexity: simple

Sentiment: neutral

Topics: financial-condition, operations, regulation-fd, 8-k

TL;DR

**CS Disco just dropped an 8-K about its financials and operations, get ready for potential stock movement.**

AI Summary

CS Disco, Inc. filed an 8-K on January 4, 2024, to report on its financial condition and operations, specifically under Item 2.02 and Item 7.01. This filing indicates that the company, trading under the symbol LAW on the New York Stock Exchange, is providing an update on its business. For investors, this matters because it signals that new financial information or significant operational developments are being disclosed, which could influence the stock's valuation and future performance.

Why It Matters

This filing signals that CS Disco, Inc. is releasing new information about its financial health and business activities, which could impact investor sentiment and stock price. Investors should look for the specific details of the 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure' to understand the implications.

Risk Assessment

Risk Level: medium — The filing itself is routine, but the undisclosed content of the 'Results of Operations and Financial Condition' could contain significant positive or negative news, creating uncertainty.

Analyst Insight

A smart investor would immediately seek out the full content of the 8-K filing, specifically the details under Item 2.02 and Item 7.01, to understand the financial results and disclosures before making any investment decisions related to CS Disco, Inc. (LAW).

Key Numbers

Key Players & Entities

FAQ

What specific items are being reported in this 8-K filing by CS Disco, Inc.?

CS Disco, Inc. is reporting under Item 2.02, 'Results of Operations and Financial Condition,' and Item 7.01, 'Regulation FD Disclosure,' as indicated in the 'ITEM INFORMATION' section of the filing.

What is the trading symbol and the exchange where CS Disco, Inc.'s common stock is registered?

CS Disco, Inc.'s common stock trades under the symbol 'LAW' and is registered on the New York Stock Exchange, as stated in the 'Securities registered pursuant to Section 12(b) of the Act' section.

What is the business address and phone number of CS Disco, Inc.?

The business address for CS Disco, Inc. is 111 Congress Avenue, Suite 900, Austin, Texas 78701, and their telephone number is (833) 653-4726, according to the filing's header and contact information.

Is CS Disco, Inc. considered an emerging growth company?

Yes, CS Disco, Inc. indicates by a check mark that it is an 'Emerging growth company' as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

What is the state of incorporation for CS Disco, Inc.?

CS Disco, Inc. is incorporated in Delaware, as specified in the filing under 'State or other jurisdiction of incorporation'.

Filing Stats: 940 words · 4 min read · ~3 pages · Grade level 12.8 · Accepted 2024-01-04 09:13:21

Key Financial Figures

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition As of January 3, 2024, CS Disco, Inc. (the "Company") expects to report revenue for fiscal year 2023 of $136.3 million to $138.3 million, consistent with the outlook provided on November 9, 2023. In addition, Adjusted EBITDA is expected to be a loss less than the previously issued guidance range of ($31.9) million to ($29.9) million. For more information on how the Company calculates Adjusted EBITDA, please refer to the Company's November 9, 2023 press release, filed as an exhibit to the Company's Current Report on Form 8-K, filed with the Securities and Exchange Commission on November 9, 2023. The Company's audited financial statements for the year ended December 31, 2023 are not yet available. Accordingly, these preliminary financial and operating results are an estimate and subject to the completion of the Company's financial closing and other procedures and finalization of the Company's consolidated financial statements for the year ended December 31, 2023, including the completion of the audit of the Company's financial statements. Accordingly, actual financial and operating results that will be reflected in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, including its audited financial statements, when they are completed and publicly disclosed may differ from these preliminary results. The information furnished within this Item 2.02 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended ("the Securities Act"), or the Exchange Act, except as expressly set forth by specific reference in such a filing.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On January 3, 2024, the Company announced that Luke McNeal, Senior Vice President, Global Sales is leaving the organization effective immediately as a result of actions inconsistent with the Company's standards. Ms. Andrea Popovecz, Vice President, Field Sales has assumed Mr. McNeal's responsibilities, effective immediately. The Company intends to quickly launch a national search for a Chief Revenue Officer. The information furnished within this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements including, but not limited to, statements related to the Company's preliminary unaudited financial and operating results for the year ended December 31, 2023. These forward-looking statements are based on management's beliefs and assumptions and on information available to management as of the date they were made. However, investors should not place undue reliance on any such forward-looking statements because they speak only as of the date they are made. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results, events and developments to differ materially from the Company's historical experience and its present expectations or projections. These risks and uncertainties include, but are not necessarily limited to, those described in the Company's filings with the Securities and Exchange Commission. Investor Relations Contact IR@csdisco.com

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CS Disco, Inc. Date: January 4, 2024 By: /s/ Michael S. Lafair Name: Michael S. Lafair Title: Executive Vice President, Chief Financial Officer

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