#LEGAL ZOOM STOCK FREE#

As we enter 2023, we are executing with increased velocity and are well-positioned to drive meaningful market share growth,” said Dan Wernikoff, LegalZoom’s Chief Executive Officer. “I’m excited with the progress we made this quarter on the testing and rollout of our new product line-ups in both our LLC offering as well as LZ Tax. Basic and diluted net income per share was $0.01 for the quarter compared to a basic and diluted net loss per share of $(0.11) for the same period in 2021, and basic and diluted Non-GAAP net income per share was $0.10 for the quarter in 2022 compared to basic Non-GAAP net income per share of $0.03 and diluted Non-GAAP net income per share of $0.02 for the same period in 2021.

#LEGAL ZOOM STOCK FREE#

Free cash flow was $16.2 million for the quarter ended December 31, 2022 compared to $(9.2) million for 2021.Cash flows provided by operating activities was $21.8 million for the quarter ended December 31, 2022 compared to cash used in operating activities of $6.0 million for 2021.Cash and cash equivalents were $189.1 million as of December 31, 2022 compared to $239.3 million as of December 31, 2021.Non-GAAP net income was $19.0 million for the quarter compared to Non-GAAP net income of $5.0 million in the same period in 2021.Adjusted EBITDA was $26.5 million for the quarter, or 18% of revenue, compared to $7.0 million, or 5% of revenue, for the same period in 2021.Net income was $1.7 million for the quarter, or 1% of revenue, compared to net loss of $(20.8) million or (15%) of revenue in 2021.Gross margin was 68% for the quarter and 66% in the same period in 2021.Partner revenue was relatively flat at $4.9 million for both quarters in 20.We had approximately 1.4 million subscription units as of December 31, 2022 with approximately 26 thousand net units added in the quarter, and our average revenue per subscription unit increased 9% from 2021. Subscription revenue was $91.0 million, compared to $80.7 million in the same period in 2021, an increase of 13% year-over-year.Transaction revenue was $50.8 million, compared to $56.5 million in the same period in 2021, down 10% year-over-year.Revenue was $146.6 million for the quarter, up 3% year-over-year, and $620.0 million for the year, up 8% year-over-year.(Nasdaq: LZ) today announced results for its fourth quarter and year ended December 31, 2022, including the following highlights: $189.1 million of cash and cash equivalents and no debt outstanding as of December 31, 2022.Subscription revenue of $91.0 million for the quarter, an increase of 13% year-over-year and $358.0 million for the year, up 24% year-over-year.Revenue of $146.6 million for the quarter, an increase of 3% year-over-year and $620.0 million for the year, up 8% year-over-year.

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