LegalZoom.com, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 10, 2021 at 04:31 pm EST
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LegalZoom.com, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 147.88 million compared to USD 131.6 million a year ago. Net loss was USD 39.68 million compared to net income of USD 9.41 million a year ago. Basic loss per share from continuing operations was USD 0.2 compared to basic earnings per share from continuing operations of USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.2 compared to diluted earnings per share from continuing operations of USD 0.05 a year ago.
For the nine months, sales was USD 432.94 million compared to USD 348.4 million a year ago. Net loss was USD 87.89 million compared to net income of USD 0.475 million a year ago. Basic loss per share from continuing operations was USD 0.59. Diluted loss per share from continuing operations was USD 0.59.
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.