LegalZoom.com, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:21 pm EST
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LegalZoom.com, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 167.27 million compared to USD 155.28 million a year ago. Net income was USD 7.53 million compared to net loss of USD 11.98 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to basic loss per share from continuing operations of USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to diluted loss per share from continuing operations of USD 0.06 a year ago.
For the nine months, sales was USD 502.06 million compared to USD 473.35 million a year ago. Net income was USD 6.57 million compared to net loss of USD 50.48 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to basic loss per share from continuing operations of USD 0.26 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to diluted loss per share from continuing operations of USD 0.26 a year ago.
LegalZoom.com, Inc. provides an online platform for business formation in the United States. The Company is a business advisor, supporting the needs of a new business throughout its lifecycle. Its platform includes professional expertise and other products, both legal and non-legal, to meet the needs of small businesses. It delivers comprehensive legal, tax, accounting and compliance products and expertise to small business owners and their families. Its offerings include ongoing compliance and tax advice and filings, business licenses, accounting, virtual mailbox and e-signature solutions, trademark filings, and estate plans. Additionally, it has insights into its customers and leverages its offerings as a channel to introduce small businesses to brands in its partner ecosystem. Its transaction products for small businesses include business formation, intellectual property, and tax services. Its transaction products for consumers include consumer, estate planning and other.