Non-GAAP net income was $10.0 million for the quarter compared to Non-GAAP net income of $4.6 million in 2021.Net loss was $13.2 million for the quarter, or 8% of revenue, compared to $38.4 million or 26% of revenue in 2021, driven by the increase in revenue coupled with lower operating expenses in 2022, including a $22.1 million reduction in stock-based compensation, mainly in connection with award modifications from our IPO in July 2021.Gross margin was 65% for the quarter, down from 67% in 2021.Partner revenue was $6.1 million, compared to $7.7 million, in 2021.We had 1,394,000 subscription units as of June 30, 2022 with 32,000 net units added in the quarter, and our average revenue per subscription unit increased 10% from 2021. Subscription revenue was $91.3 million, compared to $69.4 million in 2021, an increase of 32% year-over-year.Transaction revenue was $66.5 million, compared to $73.4 million in 2021, down 9% year-over-year.Revenue was $163.9 million for the quarter, up 9% year-over-year.(NASDAQ: LZ) today announced results for its second quarter ended June 30, 2022, including the following highlights: $215.5 million of cash and no debt outstanding as of June 30, 2022.Subscription revenue of $91.3 million, an increase of 32% year-over-year.Revenue of $163.9 million, an increase of 9% year-over-year.
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