Welcome to our dedicated page for Docebo news (Ticker: DCBO), a resource for investors and traders seeking the latest updates and insights on Docebo stock.
Overview of Docebo Inc.
Docebo Inc. (symbol: DCBO) is a leading provider of cloud-based learning management systems (LMS), revolutionizing the e-learning industry by delivering comprehensive and scalable solutions for corporate training and development. Positioned at the intersection of technology and education, Docebo empowers organizations to manage, deliver, and track online and in-person training programs through its innovative software-as-a-service (SaaS) platform. The company's LMS is designed to support diverse learning initiatives, including blended learning, social learning, and mobile learning, making it a versatile solution for businesses of all sizes and industries.
Business Model and Revenue Streams
Docebo operates on a subscription-based business model, offering its LMS solutions with fixed-term contracts typically lasting between one and three years. Customers are charged on a per-learner, per-module basis, with pricing varying based on organizational size and the complexity of the required solution. This flexible pricing structure allows Docebo to cater to a wide range of clients, from small and medium-sized enterprises to multinational corporations. The company's primary revenue is derived from its customer base in North America, with a growing global footprint as organizations increasingly adopt cloud-based training solutions.
Key Features and Differentiators
Docebo's LMS platform is distinguished by its modular design, enabling organizations to customize their learning ecosystems to meet specific needs. Key features include:
- Blended Learning: Seamlessly integrates online and in-person training for a comprehensive learning experience.
- Social Learning: Encourages collaboration and knowledge sharing among learners through interactive tools.
- Mobile Learning: Provides on-the-go access to training materials, ensuring flexibility and convenience.
- Scalability: Designed to grow with organizations, accommodating increasing learner numbers and expanding requirements.
- Security: A highly secure, cloud-based infrastructure ensures data protection and compliance with industry standards.
By offering an ecosystem of adaptable features and modules, Docebo enables organizations to implement scalable LMS solutions while significantly lowering total cost of ownership (TCO).
Market Position and Industry Context
Operating within the dynamic e-learning and SaaS industries, Docebo addresses the growing demand for digital training solutions driven by workforce globalization, remote work trends, and the need for continuous skill development. The company competes with other LMS providers but differentiates itself through its user-friendly interface, robust feature set, and commitment to customer success. Its focus on innovation and adaptability positions it as a preferred choice for organizations seeking efficient and effective training management solutions.
Customer Base and Use Cases
Docebo serves a diverse clientele, including some of the world's most respected companies across industries such as technology, healthcare, finance, and retail. Its platform is utilized for various training purposes, including employee onboarding, compliance training, skill development, and leadership development. By addressing the unique needs of each organization, Docebo ensures that its solutions drive operational efficiency and support business objectives.
Conclusion
Docebo Inc. stands out as a transformative force in the e-learning industry, offering a cloud-based LMS platform that combines scalability, flexibility, and cost-effectiveness. By enabling organizations to deliver impactful training programs, Docebo not only enhances learning outcomes but also contributes to overall business success. Its commitment to innovation and customer-centric solutions ensures its continued relevance in the rapidly evolving landscape of corporate training and development.
Docebo (NASDAQ: DCBO, TSX: DCBO), an AI-powered learning solutions provider, has announced its participation in five major investor and software industry conferences during November and December 2024. The events include the Needham Virtual EdTech Conference (Nov 20), TD Technology Conference (Nov 26, Toronto), TD Cowen's Human Capital Management Summit (Dec 9), Scotiabank Global Technology Conference (Dec 10, San Francisco), and Barclays Global Technology Conference (Dec 11, San Francisco). Public presentations will be available via webcast on the company's investor relations website.
Docebo (NASDAQ: DCBO) reported strong Q3 2024 financial results with total revenue reaching $55.4 million, up 19% year-over-year. Subscription revenue grew 21% to $52.6 million, representing 95% of total revenue. The company achieved net income of $5.0 million ($0.16 per share) and Adjusted EBITDA of $8.7 million, representing 15.7% of total revenue.
Customer base expanded to 3,945, with Average Contract Value increasing to $54,271. Notable new customers include a global cybersecurity company, Tumi Holdings, and Epicor. The company's Annual Recurring Revenue reached $214.1 million, an 18% increase from the previous year.
Docebo Inc. (Nasdaq:DCBO; TSX:DCBO), a leading AI-powered learning platform provider, has announced its upcoming third quarter fiscal year 2024 earnings conference call. The call is scheduled for Friday, November 8, 2024, at 8:00 a.m. ET. Alessio Artuffo, President and CEO, and Sukaran Mehta, CFO, will host the call and conduct a live Q&A session.
The company will release its financial results on the morning of November 8, 2024, before the call. Additionally, Docebo will post a copy of management's prepared remarks on its website. Interested parties can access the call via phone or webcast, with dial-in numbers provided for the US, Italy, and the UK. A replay of the call will be available until November 15, 2024.
Docebo Inc. (NASDAQ: DCBO; TSX: DCBO), a leading AI-powered learning platform provider, has partnered with Intercap Impact to launch OWL (Open World Learning Inc.), a free e-learning platform for small Canadian and US charities and nonprofits. This Corporate Social Responsibility (CSR) initiative aims to remove cost barriers associated with e-learning for smaller organizations.
OWL, powered by Docebo, will enable eligible organizations to build stronger teams and empower staff, volunteers, and board members with essential e-learning in areas such as HR Compliance, DEI, Mental Health, Board Governance, Leadership, and professional development. The initiative will be formally announced on October 22, 2024, at the 6th annual Partnership Conference in Toronto.
This collaboration demonstrates Docebo's commitment to CSR and leveraging technology for social good, bridging the digital gap for charitable organizations across Canada and the US.
Docebo Inc. (Nasdaq:DCBO; TSX:DCBO), a global leader in AI-powered learning platforms, has announced its partnership with TEDAI for the inaugural TEDAI Vienna event. As the official business learning partner, Docebo will play a important role in showcasing how enterprises can leverage AI to transform workplace learning and development. The conference, scheduled for October 17-19, 2024, in Vienna, Austria, is Europe's first TED conference dedicated to artificial intelligence.
The event will feature prominent speakers from companies like GitHub, Google DeepMind, Aleph Alpha, and Nvidia. Docebo's involvement includes leading interactive workshops and participating in panels, sharing insights on AI's impact on business learning. The partnership aligns with TEDAI Vienna's mission to explore AI's societal impact and Docebo's goal of developing customer-centric AI innovations for learning and productivity.
Docebo Inc. (Nasdaq:DCBO; TSX:DCBO) has appointed Alessio Artuffo as Chief Executive Officer and Board member, effective immediately. Artuffo, who joined Docebo in 2012, has been serving as interim CEO since March 1, 2024. He previously held roles as Director of International Business Operations, President, and Chief Operating Officer. Under his leadership, Docebo's Annual Recurring Revenue (ARR) grew from $1 million to over $200 million.
Jason Chapnik, Docebo's Chairman, praised Artuffo's learning industry experience and his ability to drive innovation and deliver results. Artuffo expressed his commitment to Docebo's culture of innovation, focus on learner experience, and operational discipline. He sees opportunities for growth as C-suite executives increasingly view learning as a strategic asset.
Docebo Inc. (NASDAQ: DCBO; TSX:DCBO), a leading AI-powered learning platform provider, has announced its participation in several upcoming investor and software industry conferences. The company's management team will be presenting at the following events:
- Canaccord Genuity's 44th Annual Growth Conference on August 13 in Boston
- Oppenheimer 27th Annual Technology, Internet & Communications Conference on August 14 (Virtual)
- Citi's 2024 Global TMT Conference on September 4 in New York
- Docebo Inspire 2024 on September 11 in Dallas
Public presentations will be webcast and available on the 'Events & Presentations' section of Docebo's investor relations website. For more information about these and other events, interested parties can visit the events and presentations page on https://www.docebo.inc.
Docebo Inc. (NASDAQ: DCBO; TSX:DCBO) reported strong Q2 2024 financial results, surpassing expectations for both revenue and profitability. Key highlights include:
- Subscription revenue of $49.8 million, up 22% year-over-year
- Total revenue of $53.1 million, a 22% increase
- Net income of $4.7 million, or $0.15 per share
- Adjusted EBITDA of $8.0 million, representing 15.0% of total revenue
- Annual Recurring Revenue (ARR) of $205.9 million, up 19% year-over-year
The company added notable new customers, including USA Hockey and a major soft drink beverage company. Docebo updated its financial outlook for Q3 2024 and revised guidance for the fiscal year 2024, projecting total revenue growth between 18.0% to 19.0%.
Docebo Inc. (Nasdaq:DCBO; TSX:DCBO), a leading AI-powered learning platform provider, has announced its upcoming second quarter fiscal year 2024 earnings call. The conference call is scheduled for Thursday, August 8, 2024, at 8:00 a.m. ET. Alessio Artuffo, Interim CEO, President and Chief Operating Officer, and Sukaran Mehta, Chief Financial Officer, will host the call and address questions.
The company will release its financial results prior to the call and simultaneously post management's prepared remarks on its website. Interested parties can access the live webcast, which will be archived for 90 days, or dial in using the provided numbers. A replay of the call will be available until August 15, 2024.
Docebo announced the results of its annual general meeting of shareholders held on June 11, 2024. All six nominees for the board were elected, each receiving overwhelming support. Specific vote percentages were:
Jason Chapnik: 93.222% for, 6.778% withheld; James Merkur: 99.753% for, 0.247% withheld; Kristin Halpin Perry: 99.498% for, 0.502% withheld; Steven E. Spooner: 99.422% for, 0.578% withheld; William Anderson: 99.801% for, 0.199% withheld; Trisha Price: 99.899% for, 0.101% withheld.
An ordinary resolution passed to appoint KPMG LLP as the auditors for the 2024 fiscal year. Complete voting details are available on SEDAR+ and EDGAR.
FAQ
What is the current stock price of Docebo (DCBO)?
What is the market cap of Docebo (DCBO)?
What does Docebo Inc. do?
How does Docebo generate revenue?
What industries does Docebo serve?
What makes Docebo's LMS platform unique?
Where does Docebo generate most of its revenue?
What is blended learning, and how does Docebo support it?
What is the pricing model for Docebo's LMS?
How does Docebo ensure data security?
What types of training can be managed with Docebo's LMS?
What is the total cost of ownership (TCO) benefit of using Docebo?
