Demo
KLDI OTCM· KLDiscovery Inc.
FundamentalsNews digest Peer analysis
Login
KLDI OTCM· KLDiscovery Inc.
Earnings report Q3 2023

KLDiscovery Inc. Reports Strong Revenue Growth in Latest Quarter

Segments of Revenue

KLDiscovery Inc. reported total revenues of $79.34 million for the three months ended September 30, 2023, representing an increase of $4.79 million or 6.42% compared to the same period last year. The company's revenue growth was primarily driven by its core business segments.

  • The company's cost of revenues for the quarter was $39.64 million, slightly lower than the $40.83 million reported in the same period last year.
  • KLDiscovery Inc. achieved a gross profit of $39.69 million, reflecting a significant improvement of $6.98 million or 21.03% compared to the third quarter of 2022.

Strengths

KLDiscovery Inc. demonstrated strong financial performance in the latest quarter, with a notable increase in revenue. The company's revenue growth can be attributed to its effective management of operating expenses and its ability to generate higher sales and marketing results. Additionally, KLDiscovery Inc. benefited from its continued investment in research and development, which contributed to its overall growth.

Challenges

Despite the positive revenue growth, KLDiscovery Inc. faced challenges in managing its general and administrative expenses, which increased from $14.93 million to $16.77 million compared to the same period last year. The company also experienced a slight increase in depreciation and amortization expenses, which rose from $4.94 million to $5.07 million.

Noteworthy

KLDiscovery Inc. reported a significant improvement in income from operations, achieving $6.88 million in the latest quarter compared to a loss of $2.93 million in the same period last year. This positive result can be attributed to the company's effective cost management and operational efficiency.

Summary

KLDiscovery Inc. delivered a strong financial performance in the latest quarter, with a notable increase in revenue. The company's effective management of operating expenses, investment in research and development, and improved sales and marketing efforts contributed to its revenue growth. Despite challenges in managing general and administrative expenses, KLDiscovery Inc. achieved a significant improvement in income from operations. Overall, the company's financial performance reflects its ability to navigate the market and capitalize on growth opportunities.

Source documents

Form 10-Q  filed on Nov 09, 2023
20 pages scanned

Reference data

Company financials Q3 revenue 85.8M
Analyst estimates Q3 EPS missed by NaN%
Sign up to Fey

Get in-depth analysis on thousands of stocks for just $30/month. Cancel anytime.