Docebo Inc

DCBO

Equity

ISIN CA25609L1058 / Valor 49668224

Toronto Stock Exchange (2024-09-17)

CAD 58.48+0.33%

Docebo Inc
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About company

Docebo Inc is a global company that specializes in e-learning and knowledge management solutions. Founded in 2005 in Italy, the company has expanded its operations worldwide, with offices in various countries including the United States, the United Kingdom, Canada, France, and Dubai. Docebo went public on the Toronto Stock Exchange in 2019 and on the NASDAQ in 2020. Alessio Artuffo, the Interim CEO, has played a key role in the company's growth, leading various functions such as marketing, sales, and professional services. Under his leadership, Docebo's revenue has seen significant growth, reaching approximately $195 million ARR. Sukaran Mehta, the CFO, brings over 15 years of experience in technology, financial services, private equity, and venture capital to the company, overseeing the finance organization to support its scaling and growth strategies.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Docebo Inc. reported total revenue of $49.3 million for the fourth quarter of 2023, marking a 27% increase from the same period in the prior year. This growth was primarily driven by a significant rise in subscription revenue, which accounted for 94% of the total revenue.

Profitability

For the fourth quarter of 2023, Docebo Inc. achieved a gross profit of $40.0 million, representing 81.2% of total revenue. This is a slight improvement from the 80.7% gross profit margin recorded in the same quarter of the previous year.

Net Income

Docebo Inc. reported a net income of $3.2 million, or $0.10 per share, for the fourth quarter of 2023. This is a substantial increase compared to the net income of $1.6 million, or $0.05 per share, reported in the same period of the prior year.

Annual Recurring Revenue

As of December 31, 2023, Docebo Inc.'s Annual Recurring Revenue (ARR) stood at $194.3 million, reflecting a 24% increase from $157.1 million as of December 31, 2022. This growth underscores the company's strong subscription-based business model.

Cash Flow

Docebo Inc. generated $6.5 million in cash flow from operating activities during the fourth quarter of 2023, compared to $2.2 million in the same period of the prior year. This significant increase highlights the company's improved operational efficiency and financial health.

Summarized from source with an LLMView Source

Key figures

4.62%1Y

-47.2%3Y

%5Y

Performance

47.2%1Y

53.6%3Y

56.5%5Y

Volatility