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LegalZoom Financial Results for April to June 2021

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Have you ever heard of LegalZoom (ticker symbol: LZ), a U.S. stock?

It is a company that provides an online platform to support registration and other administrative tasks.

In this article, I will introduce the company’s financial results for the period from April to June 2021, which were announced on August 12, 2021.

Financial Results for April to June 2021

EPS of 3¢ vs. 2¢ expected.

Net sales: $150 million vs. $140 million expected.

Sales growth was 35.5% YoY.

Gross profit was $101 million.

Gross margin was 67%.

This quarter, we helped 123,000 companies start up. This was up 34% from the same period last year.

Transaction revenue was $73 million, up 45% from the same period last year. Transaction revenues were $73 million, up 45% year-over-year, compared to $50 million in the year-ago quarter.

Subscription revenue was $69 million, up 29% from the year-ago quarter. The year-ago quarter was $54 million.

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