![]() The company’s cash and cash equivalents were $239 million as of Dec. The loss was linked to an increase in stock-based compensation of $22.9 million, primarily in connection with the LegalZoom’s IPO last year. A net loss of $20.8 million (-11 cents a share) was reported for the quarter compared to a net income of $9.4 million (6 cents a share) in 2020. The Glendale company posted $142 million in revenue for the quarter. The business formations were an 18% year-over-year increase for the company, which drove transaction revenue to an 8% year-over-year increase, clocking in at $56.5 million. “For the full year of 2021 we grew revenue 22% and helped form 447,000 businesses, almost one every minute.” “We capped off a historic 2021 with a strong fourth quarter,” Dan Wernikoff, LegalZoom’s chief executive, said in a statement. ![]() reported a year-over-year revenue increase and a fourth-quarter loss in its latest earnings report on March 10. ![]()
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