Docebo Inc. Common Shares - DCBO STOCK NEWS

Docebo has appointed KPMG as its new auditor, replacing PricewaterhouseCoopers, effective March 31, 2021. The change was initiated by the Company, and there were no concerns in the Former Auditor’s reports during their tenure. The Audit Committee has reviewed the necessary documentation, which will be filed on SEDAR. Docebo continues to enhance enterprise learning experiences through its innovative technology solutions.

Docebo Inc. has unveiled its new Docebo Learning Suite, a comprehensive learning technology suite that expands beyond its traditional Learning Management System (LMS) offerings. This suite includes the newly launched Docebo Shape, an AI-driven content creation tool that enables quick development of engaging e-learning materials. The suite features Docebo Learn LMS, Docebo Content, and Docebo Learning Impact, aimed at enhancing the entire learning lifecycle and measuring learning outcomes effectively. CEO Claudio Erba emphasizes that this innovation is rooted in the company's commitment to meeting evolving enterprise learning needs.

Docebo Inc. (Nasdaq:DCBO; TSX:DCBO) has announced its partnership with Amazon Web Services (AWS) through the ISV Partner Path. This collaboration will leverage AWS’ tailored programs, enhancing Docebo’s mission to address enterprise learning challenges effectively. The partnership is expected to expand Docebo’s reach, particularly in emerging EMEA markets, utilizing AWS' global network for improved service delivery. Docebo focuses on providing an intuitive learning platform designed to enhance user experience across various sectors.

Docebo reported strong financial results for Q4 and FY 2020, showcasing a 52% revenue increase to $62.9 million. Q4 revenues reached $18.8 million, up 53% year-over-year. Subscription revenue made up 89% of Q4 revenue, rising 49%. The company generated positive Adjusted EBITDA of $0.5 million and free cash flow of $6.6 million, highlighting operational efficiency. Despite a net loss of $3.7 million, cash and equivalents improved to $219.7 million. The Annual Recurring Revenue surged by 57% to $74 million, with a net dollar retention rate of 108%. Docebo's customer base grew to 2,179, underpinning its market strength.

Docebo announced the appointment of Trisha Price to its board of directors, also joining the Audit Committee, replacing James Merkur. With over 20 years in financial services and technology, Ms. Price brings valuable expertise, having served as Chief Product Officer at nCino. Her appointment expands the Board to seven members, five of whom are independent. CEO Claudio Erba expressed optimism about Ms. Price's contribution to Docebo's growth in the enterprise learning sector.

Docebo Inc. (Nasdaq:DCBO; TSX:DCBO) will hold a conference call on March 11, 2021, at 8:00 a.m. ET to discuss its fourth quarter and fiscal year 2020 results. Hosted by CEO Claudio Erba and CFO Ian Kidson, the call will include a Q&A session. Financial results will be reported in the morning before the call. Dial-in numbers are provided for various regions, alongside a live webcast accessible for 90 days after the event. This conference call marks a significant opportunity for investors to gain insights into Docebo's performance during a pivotal year.

Docebo Inc. (TSX: DCBO; Nasdaq: DCBO) has been recognized as a Core Leader by Fosway on the 2021 Fosway 9-Grid™ for Learning Systems. This achievement highlights the company's commitment to enhancing customer experiences and technological innovation, with over 2000 customers benefiting from their platform. The recognition also reflects Docebo's growth and investment in customer success, particularly in the European market following the acquisition of forMetris. This positions Docebo favorably within the competitive landscape of learning technology.

Docebo announced the completion of its secondary public offering of 2,315,281 common shares at US$49.67 per share, generating gross proceeds of approximately US$115 million for the Selling Shareholders. The shares were offered by Intercap Equity, Claudio Erba, and Alessio Artuffo, with the underwriters fully exercising their over-allotment option. Notably, Docebo did not receive any proceeds from this sale. The offering involved a syndicate led by Morgan Stanley and Goldman Sachs, and was conducted according to regulatory requirements in both Canada and the U.S.

Docebo announced the pricing of its secondary public offering of common shares in the US and Canada. The offering consists of 2,013,288 common shares priced at US$49.67 each, aiming for US$100 million in gross proceeds. The shares are being sold by shareholders including Intercap Equity, Claudio Erba, and Alessio Artuffo. The offering is expected to close on January 26, 2021. The underwriters, led by Morgan Stanley and Goldman Sachs, have an over-allotment option for an additional 301,993 shares. Docebo will not receive any proceeds from this sale.