Docebo Inc
TSX:DCBO
Income Statement
Earnings Waterfall
Docebo Inc
Revenue
|
180.8m
USD
|
Cost of Revenue
|
-34.5m
USD
|
Gross Profit
|
146.3m
USD
|
Operating Expenses
|
-145.7m
USD
|
Operating Income
|
680k
USD
|
Other Expenses
|
2.2m
USD
|
Net Income
|
2.8m
USD
|
Income Statement
Docebo Inc
Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||
Revenue |
27
N/A
|
30
+11%
|
34
+12%
|
37
+11%
|
41
+11%
|
46
+12%
|
51
+10%
|
56
+11%
|
63
+11%
|
71
+13%
|
82
+16%
|
93
+13%
|
104
+12%
|
115
+10%
|
124
+8%
|
134
+8%
|
143
+7%
|
152
+7%
|
161
+6%
|
171
+6%
|
181
+6%
|
|
Gross Profit | ||||||||||||||||||||||
Cost of Revenue |
(6)
|
(6)
|
(7)
|
(8)
|
(8)
|
(9)
|
(10)
|
(11)
|
(12)
|
(13)
|
(15)
|
(18)
|
(21)
|
(23)
|
(25)
|
(27)
|
(28)
|
(30)
|
(31)
|
(33)
|
(34)
|
|
Gross Profit |
21
N/A
|
24
+11%
|
27
+12%
|
30
+11%
|
33
+12%
|
37
+12%
|
41
+10%
|
46
+12%
|
51
+13%
|
59
+14%
|
67
+15%
|
76
+12%
|
83
+11%
|
91
+9%
|
99
+8%
|
107
+9%
|
115
+7%
|
123
+7%
|
130
+6%
|
138
+6%
|
146
+6%
|
|
Operating Income | ||||||||||||||||||||||
Operating Expenses |
(30)
|
(32)
|
(34)
|
(39)
|
(42)
|
(47)
|
(51)
|
(53)
|
(57)
|
(65)
|
(75)
|
(86)
|
(96)
|
(104)
|
(111)
|
(117)
|
(122)
|
(126)
|
(134)
|
(141)
|
(146)
|
|
Selling, General & Administrative |
(23)
|
(24)
|
(26)
|
(30)
|
(33)
|
(37)
|
(39)
|
(40)
|
(43)
|
(49)
|
(57)
|
(66)
|
(74)
|
(79)
|
(85)
|
(91)
|
(95)
|
(98)
|
(103)
|
(105)
|
(107)
|
|
Research & Development |
(7)
|
(7)
|
(7)
|
(8)
|
(9)
|
(10)
|
(11)
|
(12)
|
(13)
|
(14)
|
(16)
|
(18)
|
(20)
|
(22)
|
(23)
|
(24)
|
(25)
|
(26)
|
(29)
|
(33)
|
(35)
|
|
Depreciation & Amortization |
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
|
Operating Income |
(8)
N/A
|
(8)
+4%
|
(7)
+6%
|
(9)
-19%
|
(9)
-1%
|
(10)
-13%
|
(10)
+3%
|
(7)
+28%
|
(5)
+22%
|
(6)
-12%
|
(8)
-26%
|
(11)
-40%
|
(13)
-20%
|
(13)
+1%
|
(12)
+3%
|
(10)
+17%
|
(7)
+33%
|
(4)
+46%
|
(4)
-11%
|
(3)
+29%
|
1
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
2
|
1
|
1
|
(2)
|
(8)
|
(9)
|
(4)
|
(1)
|
(2)
|
7
|
13
|
15
|
20
|
13
|
6
|
3
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
1
|
|
Pre-Tax Income |
(12)
N/A
|
(11)
+3%
|
(10)
+10%
|
(11)
-12%
|
(11)
+0%
|
(8)
+30%
|
(9)
-12%
|
(6)
+29%
|
(7)
-16%
|
(14)
-88%
|
(17)
-23%
|
(15)
+13%
|
(13)
+9%
|
(15)
-9%
|
(6)
+60%
|
3
N/A
|
8
+150%
|
16
+108%
|
9
-47%
|
3
-62%
|
5
+46%
|
|
Net Income | ||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
1
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
|
Income from Continuing Operations |
(12)
|
(11)
|
(10)
|
(12)
|
(12)
|
(9)
|
(10)
|
(7)
|
(8)
|
(14)
|
(18)
|
(16)
|
(14)
|
(15)
|
(6)
|
4
|
7
|
15
|
7
|
1
|
3
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
(11)
N/A
|
(11)
+0%
|
(10)
+10%
|
(12)
-16%
|
(12)
-1%
|
(9)
+27%
|
(10)
-13%
|
(7)
+26%
|
(8)
-6%
|
(14)
-84%
|
(18)
-26%
|
(16)
+10%
|
(14)
+15%
|
(15)
-10%
|
(6)
+62%
|
4
N/A
|
7
+76%
|
15
+117%
|
7
-51%
|
1
-84%
|
3
+133%
|
|
EPS (Diluted) |
-0.4
N/A
|
-0.39
+3%
|
-0.42
-8%
|
-0.49
-17%
|
-0.49
N/A
|
-0.28
+43%
|
-0.34
-21%
|
-0.25
+26%
|
-0.26
-4%
|
-0.42
-62%
|
-0.55
-31%
|
-0.46
+16%
|
-0.41
+11%
|
-0.45
-10%
|
-0.17
+62%
|
0.11
N/A
|
0.21
+91%
|
0.45
+114%
|
0.21
-53%
|
0.03
-86%
|
0.08
+167%
|