Docebo(US:DCBO)2023-05-11 22:41Financial Performance - As of March 31, 2023, the Annual Recurring Revenue (ARR) reached US$165 million[37] - The company experienced a 29% ARR growth[37] - Q1 2023 revenue was US$415 million, with a gross margin of 81%[38] - The Adjusted EBITDA margin for Q1 2023 was 53%[38, 58] - The company's recurring revenue CAGR between fiscal year 2019 and fiscal year 2022 was 52%[37] Customer Base and Contract Value - The company has 3,506 customers as of March 31, 2023[25, 28] - 76% of customers are in North America, while 24% are in the Rest of World (ROW)[28] - The company's Net Dollar Retention Rate was 109% in 2022[49] Product Usage - Approximately 65% of customers (by ARR) use the company for external training or hybrid training use cases[19] - 35% of active users use the company's Mobile App[33] Growth Strategy - The company is focused on key growth vectors that feed new logos and expand mandates[35] - The company is growing >2X the LMS industry[37]