LZ News and Press, LegalZoom.com Inc. From 07/15/23

2023-07-15 12:35:56 ET For the week ending July 14, the Industrial Select Sector ( XLI ) gained +2.27% , Meanwhile, the SPDR S&P 500 Trust ETF ( SPY ) rose +2.45% . All 11 S&P 500 sectors closed the week in green. The top five gainers in the industrial sector (st...

2023-06-15 00:30:00 ET Summary LegalZoom has a significant opportunity to increase its market share in the legal services industry. The estimated total serviceable market for LegalZoom is estimated at $49 billion. LegalZoom's penetration in the market is only around 1% based o...

2023-06-13 09:26:51 ET Summary LegalZoom's Q1 earnings report showed strong performance and a strategic vision for leveraging AI, dispelling concerns about the impact of generative AI like ChatGPT. LegalZoom plans to use AI to streamline operations, increase efficiency, and expand...

2023-05-10 18:43:54 ET LegalZoom (NASDAQ: LZ) stock was a hot item on the market Wednesday. The legal services and advisory company's share price zoomed 25% higher on the day thanks to quarterly results that put a giant smile on investors' faces. LegalZoom took the wraps off its...

2023-05-09 17:03:22 ET LegalZoom.com press release ( NASDAQ: LZ ): Q1 Non-GAAP EPS of $0.07 beats by $0.01 . Revenue of $165.9M (+7.6% Y/Y) beats by $10.74M . Financial Guidance and Outlook Our guidance for the second quarter ending June 30, 2023 is as fo...

Revenue of $165.9 million for the quarter, an increase of 7% year-over-year Subscription revenue of $97.3 million for the quarter, an increase of 15% year-over-year $204.1 million of cash and cash equivalents and no debt outst...

2023-05-02 06:37:04 ET Summary A recent upgrade for LegalZoom supports strong quant ratings and an apparent bearish to bullish reversal in the stock. A successful transition to the subscription model is one key tenet of the investment theme. Improved profitability is another k...

GLENDALE, Calif., April 11, 2023 (GLOBE NEWSWIRE) -- LegalZoom.com, Inc. (Nasdaq: LZ) will report its financial results for the first quarter ended March 31, 2023 on Tuesday, May 9, 2023, following the close of market. Dan Wernikoff, Chief Executive Officer, and Noel Watson, Chief Financial...

GLENDALE, Calif., March 01, 2023 (GLOBE NEWSWIRE) -- LegalZoom.com, Inc. (Nasdaq: LZ) today announced its participation in the JMP Securities Technology Conference and the Morgan Stanley Technology, Media and Telecom Conference. Details of the conferences are as follows: The JMP Secur...

Summary Initial adj. EBITDA guidance for FY23 is $100 million, due to cost-cutting measures and a focus on streamlining administrative tasks. Management assumes that new business formations in the US will fall by a mid-single-digit percentage as the recession deepens into 2H23. Reit...