Benzinga | Jan 20, 2021 04:02PM EST

Docebo Sees Prelim. Q4 Sales $18.25M-$18.75M

Docebo Inc. ("Docebo" or the "Company") (NASDAQ:DCBO, TSX:DCBO), a leading AI-powered learning platform, today announced preliminary financial results for the three months ended December 31, 2020. All amounts are expressed in US dollars unless otherwise stated.

* Revenue is expected to be between $18.25 and $18.75 million for the fourth quarter of 2020, an increase of 48% to 52% compared to $12.3 million for the fourth quarter of 2019

* Annual Recurring Revenue1 ("ARR") is expected to be between $73 and $74 million as at December 31, 2020, an increase of 55% to 57% compared to $47.2 million as at December 31, 2019

* Average Contract Value1 ("ACV") is expected to be between $33,500 to $33,950 as at December 31, 2020, compared to approximate $27,362 as at December 31, 2019.