Transaction revenue fell 9% from the same period a year ago to $66.5 million. It should be noted that subscription revenue grew 32% year-over-year to $91.3 million and now represents 55% of overall sales. Full year sales are now expected to be in the $612 million to $616 million range, down from previous guidance of $650 million to $660 million. Due to cost controls, the company was able to raise its forward Adjusted EBITDA to a range of $16 million to $18 million in Q3. However, management then adjusted its Q3 sales guidance downward to Revenue is expected to be in the range of $149 million to $151 million, which was approximately $20 million light of the existing expectations at the time. Revenues rose nearly nine percent on a year-over-year basis to $164 million, slightly beating the consensus. On a non-GAAP basis, LegalZoom earned a nickel a share, three cents above expectations. On August 11th, the company posted second quarter numbers. The stock currently trades around eight bucks a share and sports an approximate market capitalization of $1.6 billion. LegalZoom provides services/documents that allow their customers to execute business formations, create estate planning documents, protect intellectual property, complete certain forms and agreements as well as provide access to independent attorney advice, and connect customers with experts for tax preparation and bookkeeping services. The company operates an online platform for legal and compliance solutions in the United States. is headquartered just outside of Los Angeles. However, the company has a nice profit growth trajectory in front of it and also has a rock-solid balance sheet.

The stock is down some three quarters of the levels it came public. (LZ) in the spotlight for the first time. Politicians were mostly people who'd had too little morals and ethics to stay lawyers.'― George R.R. The coming is moving towards greater profitability and has a pristine balance sheet.Īn investment analysis is presented in the paragraphs below.

Today, we take our first look at, Inc., a small cap concern that came public in the first half of 2021 and has quickly moved into Busted IPO territory.

Legal zoom stock forecast