Dye & Durham a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, today announced its financial results for its first quarter, ended September, 30, 2020.
The Company generated first quarter fiscal 2021 revenue of $21.9 million, representing growth of 29% compared to the same period in fiscal 2020. The Company recorded a net loss of $15.0 million in the first quarter of fiscal 2021, compared to a net loss of $4.7 million for the same period in fiscal 2020. Adjusted EBITDA1 was $12.5 million in the first quarter of fiscal 2021, representing a 41% increase compared to $8.9 million in its first quarter of fiscal 2020.
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