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.