KLDI - Earnings call 4 2022 | KLDiscovery Inc.

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Operator

Good morning, and welcome to the KLDiscovery Fourth Quarter and Full Year 2022 Financial Results Conference Call. [Operator Instructions] Thank you. Dawn Wilson, Chief Financial Officer of KLDiscovery, you may begin your conference.

Dawn Wilson

Thank you, operator. Welcome to KLDiscovery's Q4 and Full Year 2022 Conference Call. statements. forward-looking contains call Today's These statements performance. of not guarantees future are in forward-looking materially to are Actual release detail the differ filings these yesterday described earnings statements and issued more that results may SEC. uncertainties from due with press and assumptions, in our risks as no made to forward-looking obligation required unless undertakes update or today, KLDiscovery these by clarify amend, statements of law.

to also which the along terms and such those as with adjusted EBITDA, a were During measures prepared non-GAAP measures, GAAP. limitations. directly to this in last for EBITDA financial shown most financial press Reconciliations call, comparable of GAAP measures night, discussion present non-GAAP release issued definitions we in accordance not will our in the with and detail are certain

non-GAAP our investors financial information to of results of useful presentation supplemental provides our regarding measures that operations. believes Management

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

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

Christopher Weiler

Thanks the and of Results joining name Dawn, Chris My Conference everyone. I XXXX Fourth for Full Co-Founder morning, good KLDiscovery's Call. us today Financial and Weiler, is CEO Quarter and and Thanks, am for Year KLDiscovery.

start of starting to off with today's our want XXXX an off how QX am saying are and I momentum. global call had proud I by outstanding team. We tremendous

us have Our in strategic plans, positioned challenging well macroeconomic corporate technology world-class and a environment. culture

team's However, execution helped results. these it that is our us global achieve

their proud this KLD is The perseverance to risen to I commitment, that teamwork company be hard loyalty. of steadfast, for have am is team, every leading to challenge inspire a KLD company's to remained our test family them. stronger members truly day. global team have a grateful I true continues character worked and me and making and Our every and presented and am

delivered was KLD. over revenue XXXX. the company in our fourth which record history to from highest am million, quarter a with increase the We quarter third pleased report XX% that $XX.X of for the quarter I revenue a is

Our net the setting loss history. lowest came in $X record another as in million, company at

We been QX shows continue our improvement year this this XX% to chipping number have away to each last strengthen. and financials compared quarter, at

Our $XX.X strive the record history, dedication high is and EBITDA adjusted achieving to efficiencies EBITDA in to million, quarter across the revenue us both business year-over-year respectively. for million growing and and company $XX.X in XX% resulting highest

marketing in moved EBITDA and and sales all-time to and delivering Our these impressive results. managed financial technology another adjusted while high, our we continue XX%, still investments margin to

Our managed review practices. offering solid continues antitrust and cyber response results positive driven the our in incident to deliver by reputation

also which As I only conduct mentioned capacity ensure our pool but allowed on us engagement to work real not maximize review estate has our expense so we our used talent that managed stellar global experience. resources client our prior fullest are calls, their remotely, creates a reduce to to every

revenue significant up customers. to eDiscovery end-to-end of with our highest with quarter for QX is to our revenue was continues XX% traction gaining XXXX. and and Nebula, platform, our Nebula grow review compared QX

as our of is needs as well for the their top as clients larger and Nebula engagements R&D eDiscovery we in time. off Nebula complex in first investment Our more paying many are choosing sold seeing for

making reporting including and current our and launched for dashboard Our up-to-date first real-time thrilled Client impact financial for we impress business. the I'm with clients, to access Portal, our Client XXXX, work-in-progress the continues spending. on it's metrics, period In Portal critical our to clients that case reporting

performance. in In XXXX, tracking real-time already features we planned to several users have of first released budget the aid

let users access and system. This allows notifications access to our to on-demand reports work well underway to to portfolio on alerting as to are capability complex matter We create alerting as bespoke give data when know spend been a their or nearing amount conditions during budget their case, legal of the them produced or have matters certain course met such the immediately process as of hosted. certain

to I'm EMEA will first to Europe of releasing real-time globe. in by across technology also once Client bringing KLD announce APAC Portal, the is be this up the the reporting showcase Client EMEA excited already this Portal in innovative half that and year. spring, we With dashboard using this in the U.S. will

over process over and growth data technology, footprint, XX/X to we platforms, and 'XX the QX further growth XX% with volumes our resulting KLD's client record converged quarters growth high data is This second of all in all month received saw QX Across year, outstanding QX Year-over-year, of XX% agency. half law proof in the the government XX% explosive 'XX in for have KLD models services, a support firm, a any choice global seeing 'XX and growth 'XX. in our in in corporation in compelling QX make grew inbound technology. or that last which are by

optimizing and by were on we executing investing vigilant initiatives. XXXX, real and such strategic in our focused marketing digital estate our lowering simultaneously our while occupancy them initiatives as During costs

cost We our and all years. the improvements systems due of are benefits process enjoying over the several a structure more efficient past to

strategic We line continue significant have plan momentum up to built as company. to top strengthen our we execute the

as excellence. market business excellent profitably, the invest customer grow be to under revenue growing I to in difficult stay recovers, position believe in and and economy to continue we committed will also are that further We conditions. EBITDA the

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

Dawn Wilson

Thank you, Chris.

an we top excellent As and QX results. was line strong Chris achieved profit margin XXXX quarter mentioned, as

quarter to was quarter up fourth compared the $XX.X million, Our XXXX revenue which fourth of XXXX. was X%

XXXX, million, the than in million revenue which year $XXX.X was For the XXXX. less $XXX.X slightly our was full of

macroeconomic results set we consider in throughout our XXXX punctuated an experienced by the revenue However, were accomplishment when in headwinds XXXX, you record QX. a

was fourth in of quarters, 'XX XX% more highest up Nebula Consistent of the gain in to the users, our to fourth momentum quarter active Nebula revenue we fourth are the Likewise, for 'XX. XXXX. history of matters. the with our utilization for with metrics up quarter quarter and hosted and data compared customers quarter and fourth prior continue Nebula versus active significantly repositories

operating to continue about improve reduce be profitability. seeking efficiencies costs We our and diligent to

QX the net XXXX QX from was of million. loss $X.X a million 'XX net $X of XX% loss Our improvement

to of QX QX in million EBITDA adjusted EBITDA XXXX up EBITDA while XXXX compared $XX.X $XX.X million, 'XX to 'XX And XXXX XX% EBITDA QX $XX.X adjusted was Both was EBITDA adjusted million. are adjusted the prior QX compared compared company QX highest $XX.X year. and EBITDA history. adjusted EBITDA EBITDA was million to of

our and revenues Liquidity in development contribute will cash December that were equivalents as is drawn platform, our higher future million believe year-over-year. We marketing cash nothing and credit $XX.X and continue these our to strong have research invest years. XX, to We revolving facility. we sales and on along in on $XX with XXXX, investments, and million Nebula

and years yet the In XXXX, cost-cutting over macro solid strong while building foundation challenging efforts led uncertain strategic we XXXX investments the recent environment, our future. financial of for a experienced to results in have an and fourth quarter

that fair continuing not amount macroeconomic uncertainty XXXX, time. there XXXX is guidance Given of to for for a this provide at we are

momentum energized strong would turn move to the be enter we comments. Chris? with I foundation. base. call and to over KLD, a a we team with a Chris forward as satisfied and very for continue like for to The is XXXX customer agile final As

Christopher Weiler

the this Appreciate Have morning. want And for joining for and a Dawn, of yes, just us thank joining I everybody to quarter. rest you, it. great Thank thanks us.

Operator

This call. today's concludes for you participation. your conference Thank

You may now disconnect.

KLDiscovery (KLDI) 16 Mar 232022 Q4 Earnings call transcript