KLDI - Earnings call 1 2022 | KLDiscovery Inc.

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Operator

Ladies and gentlemen, Thank you for standing by. My name is Brent, and I will be your conference operator today. At this time, I would like to welcome everyone to the KLDiscovery Q1 2022 Financial Results Conference Call. [Operator Instructions]

I would now like to turn the call over to Ms. Officer. Financial Chief Wilson, Dawn Please go ahead.

Dawn Wilson

release KLDiscovery clarify that in results Welcome Thank today. undertakes to as to Call. guarantees assumptions, QX update from Actual or Conference press risks KLDiscovery's no forward-looking call uncertainties you, of and forward-looking contains due performance. not operator. Today's are statements filings forward-looking of XXXX statement materially in our more to statements. obligation statements differ may future these and yesterday detail with these made are earnings described issued the SEC. amend, These

also During shown call, provides this the call, press non-GAAP including our EBITDA to the non-GAAP believes which we supplemental accordance Management last to detail Reconciliation release those measure will definitions measures are were that investors in with not our and to in adjusted with of our financial financial issued GAAP useful GAAP. for present non-GAAP prepared in operations. measures this along night, measures, results on terms. regarding information comparable presentation of EBITDA, directly most financial discussed

non-GAAP substitute Our to call. or only measures on release GAAP addition considered access our replay how any to Please press for measure. refer superior as not to financial to and this in the should a be of

will turn over the to call our I now CEO, Chris Weiler.

Christopher Weiler

is for joining good Thanks, joining. name you and Quarter Weiler, First KLDiscovery's for Thank Financial the everyone. you XXXX of Dawn, Conference CEO much KLDiscovery. all morning, My Chris and very and I'm Results Call. Thank Co-Founder

committed achieving operating we environment and to to can working what KLD the challenging continue the with the I tremendous team it on remain We results consistently in. am be geopolitical continues in an being despite started laser-focused very global quarter. by and are first strong. excellence control hard, deliver we results We of XXXX as outstanding macroeconomic proud

quarter in $XX XX% powered achieved highest our by company quarter our with in increase first first Nebula legal the and revenue increase XXXX a XXXX. -- revenue XX% technology the history over million, in We of first first of revenue a quarter in

QX our difficult Our quarter the demonstrating while up we in million consistency operating revenue, year-over-year. for now, And have revenue even fourth exceeded of in a was times. $XX row, X%

first Our adjusted QX were a of EBITDA XXXX and in EBITDA of for research of marketing. the and sales down and planned quarter which from development slightly investments result is and XXXX,

March and position credit $XX our in million and and ended on continue of to undrawn million as remain cash Our facility. revolving with cash be cash liquidity $XX strong we equivalents, XXXX we

In matters the Nebula to platform of and data significant on Nebula quarter continues of clients of we gain the XX% QX and traction. since increased platform end Nebula the Our XXXX, XX% date, to compared Nebula of the hosted first respectively, the increased XXXX. XXXX. To XX%, first active quarter number

We our years. next the XXXX will continue investment several over into in Nebula

We expect gain even adoption this share. more and market powerful to platform

features that that transform streamlined technology also our to experience. This believe workloads advanced are more we the and legal We innovate week, client client make for we is our This a initiative major will releasing portal. managing easier continue clients.

dynamic and that want puts fingertips information important release at clients metrics, and Our this demand on quick access case and reliable information need via their customizable to and visualizations.

legal portal beyond of a our roll must-have technology will throughout clients. and for XXXX all to our that features We make will continue new out client

the the portal rest of separates our of us is and technology-driven industry. DNA from the innovation in demonstrate client that KLD the Nebula ingrained and culture

delivering services this is focus company support industry. capital in Our will great unrivaled plans until hold raise and and we products, outstanding the on that for is to on market conditions improve. Until are right, timing that growing continue customer

continues. XXXX in XXXX start generated in off great are to We the we a as momentum

proud We base, of scale our which clients. KLD have customer and of are global are long-time many large

demonstrated can while legal technology delivering shifts strong, and XXXX. developing since in we our transformational We financial that results, consistent deliver have inception in

I Dawn will call to now Wilson. over our the CFO, turn

Dawn Wilson

Chris. you, Thank

said, excellent quarter in As to quarter was XXXX revenue the XXXX fourth up consecutive revenue. X% strong $XX.X QX nearly quarter quarter achieved quarter first of the total. revenue surpassing second We our an the XXXX first of quarter was million, and of Revenue first the our of compared Chris highest XXXX. of

$X.X versus first of XXXX. million the our revenue $X.X the Nebula million quarter For to XXXX in ecosystem first grew of quarter XXXX, XX% in

strong great we quarter all our a As are decreased revenue matters customers, of growth contributor In $X.X traction which Chris significant of mentioned, XXXX, Nebula to excellent and seeing by net first loss future. how be to million. are in offering, indicators of of the we demonstrated service the this from can

down 'XX. EBITDA EBITDA Additionally, QX planned result and adjusted technology in first research quarter XXXX of million, investments in as $XX.X revenue planned growth QX increases of $XX.X development to in and compared 'XX million. a were in QX support XXXX continued from of of our to was marketing, our and and EBITDA the EBITDA down sales

and in was uncertainty, as XXXX. $XX continues in cash were to deliver our are first be and $XX.X and for short-term strong compared quarter QX on EBITDA compared geopolitical revenue we trade-offs XX, March adjusted strong margin Liquidity the XXXX XX% $XX.X These to in long-term EBITDA million QX credit results. increasing nothing economic revolving operate growth. QX was XXXX. on Our of we world XXXX, million have a in of drawn to $XX.X facility. In to as our continue we equivalents XXXX XX% million cash closing, million

entire and for outstanding KLD turn over call our now would results the continues to foundation. I Our final delivers to that like upon hard build Chris to ensure has to comments. team worked

Christopher Weiler

morning. all a the Thanks, for employees. Dawn. one everyone KLD, wonderful And Go unique to thank want I to joining this KLD thanks special global And fingerprint.

Operator

thank your for gentlemen, you and today's This call. participation. Ladies concludes

disconnect. now may You

KLDiscovery (KLDI) 12 May 222022 Q1 Earnings call transcript