DCBO - DOCEBO beats Q4 top and bottom line estimates; initiates Q1 FY23 outlook

2023-03-09 06:33:05 ET

• DOCEBO press release ( NASDAQ: DCBO ): Q4 Non-GAAP EPS of $0.10 beats by $0.07 .
• Revenue of $39M (+30.9% Y/Y) beats by $0.38M .
• Adjusted EBITDA income of $2.3 million, representing 6% of total revenue, compared to adjusted EBITDA loss of $(1.5) million, representing (5)% of total revenue, for the comparative period in the prior year.
• Positive cash flow generated from operating activities of $2.2 million, compared to neutral cash flows for the comparative period in the prior year.
• Free cash flow of positive $2.0 million, representing 5% of total revenue, compared to negative $(0.2) million, representing (1)% of total revenue, for the comparative period in the prior year.
• Docebo is introducing financial guidance for the three months ended March 31, 2023 as follows: Total revenue between $41.3 and $41.6 million vs. estimate of $41.42M; Gross profit margin between 80.0% and 81.0%; Adjusted EBITDA as a percentage of total revenue between 4.0% to 5.0%

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