Docebo Inc. (NASDAQ:DCBO), a cloud-based, SaaS enterprise learning management system, reported strong revenue growth for fiscal 2021, but it incurred a higher loss than in 2020. Shares plunged 5% after the news.
Key 2021 ResultsRevenues increased 66% to $104.2 million over the previous year. Subscription revenue came in at $95.9 million, or 92% of total revenue, and a 67% increase year-over-year. Meanwhile, net loss was $13.6 million ($0.41 per share) down from a net loss of $8 million ($0.28 per share) in 2020.
Adjusted EBITDA loss amounted to $8 million compared to an ...
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Docebo Stock Dips 5% After Posting Higher Loss in 2021