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Basic and diluted net loss per share were $0.11 and basic and diluted Non-GAAP net income per share attributable to common stockholders were $0.03 and $0.02, respectively, for the fourth quarter of 2021.

Free cash flow was $(9.2) million for the fourth quarter of 2021 compared to $8.2 million for the fourth quarter of 2020.

Cash flows used in operating activities was $6.0 million for the fourth quarter of 2021 compared to $11.0 million provided in the fourth quarter of 2020.

Cash and cash equivalents were $239.3 million as of December 31, 2021.

Adjusted EBITDA was $7.0 million for the quarter, or 5% of revenue, compared to $26.9 million, or 22% of revenue, in 2020.Non-GAAP net income was $5.0 million for the quarter compared to Non-GAAP net income of $14.1 million in 2020.Net loss was $20.8 million for the quarter compared to a net income of $9.4 million in 2020, primarily due to an increase in stock-based compensation of $22.9 million, mainly in connection with our IPO.Gross margin was 66% for the quarter, down from 67% in 2020.Partner revenue was $4.9 million, down 35% year-over-year.We had 1,329,000 subscription units as of December 31, 2021 with 65,000 net units added in the quarter, and our average revenue per subscription unit increased 6% from 2020. Subscription revenue was $80.7 million, up 29% year-over-year.Transaction revenue was $56.5 million, up 8% year-over-year driven by business formations of 96,000, up 10% year-over-year, and our average order value remained relatively flat.Revenue was $142.1 million for the quarter, up 16% year-over-year.LZ today announced results for its fourth quarter and full year ended December 31, 2021, including the following highlights: GLENDALE, Calif., Ma(GLOBE NEWSWIRE) -, Inc. Announces authorization to repurchase up to $150 million of LegalZoom's common stock.

Completed 447 thousand business formations in 2021, up 18% year-over-year.

Revenue of $142.1 million, an increase of 16% year-over-year full fiscal year 2021 total revenue of $575 million, up 22% year-over-year.

Legalzoom annual report template word free download