LegalZoom.com Inc (OQ:LZ)

Sector:  Technology Industry:  Internet Services
 
See Regulatory Filings on SEC
Company Contact
Address: 101 N Brand Blvd Ste 1100
GLENDALE CA 91203
Tel: N/A
Website: https://www.legalzoom.com
IR: See website
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Key People
Daniel A. Wernikoff
Chief Executive Officer, Director
Noel B. Watson
Chief Financial Officer
Rich Preece
Chief Operating Officer
Shrisha Radhakrishna
Chief Technology Officer, Chief Product Officer
   
Business Overview
LegalZoom.com, Inc. is an online platform for legal and compliance solutions in the United States. The Company helps customers form their businesses, protect their ideas, stay compliant and scale their operations. Its products and services include business formations, creating estate planning documents, protecting intellectual property, completing certain forms and agreements, providing access to independent attorney advice, and connecting customers with experts for tax preparation services. The primary driver of new customers is small business formation transactions. This combination creates a suite of legal and compliance solutions that are relevant for its customers' ongoing needs. It offers other subscriptions, including unlimited access to its library of legal forms, electronic storage of applicable LegalZoom documents, and document revisions. It also offers ongoing compliance and tax advice and filings, virtual mailbox solutions, trademark filings, and estate plans.
Financial Overview
For the six months ended 30 June 2023, LegalZoom.com Inc revenues increased 5% to $334.8M. Net loss decreased 97% to $963K. Revenues reflect Subscription segment increase of 14% to $199.5M, Partner segment increase of 6% to $12.5M. Lower net loss reflects Sales and marketing - Balancing value decrease of 22% to $108.1M (expense), Stock-based Compensation in SGA decrease of 24% to $21.3M (expense).
Employees: 1,383 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $1,837M as of Jun 30, 2023
Annual revenue (TTM): $636.69M as of Jun 30, 2023
EBITDA (TTM): $24.98M as of Jun 30, 2023
Net annual income (TTM): -$5.91M as of Jun 30, 2023
Free cash flow (TTM): $87.68M as of Jun 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 192,361,718 as of Aug 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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