Press Release: Docebo Reports First Quarter 2024 Results

Dow Jones05-10
                                                            -------  ------- 
Current liabilities, net of contingent consideration and 
 lease obligations                                          106,578   90,174 
                                                            -------  ------- 
Working capital                                              27,354  179,982 
                                                            =======  =======

Free Cash Flow

Free Cash Flow is defined as cash flows from operating activities less cash used for purchases of property and equipment and capitalized internal-use software costs, plus non-recurring expenditures such as the payment of acquisition-related compensation, the payment of transaction-related costs, and the payment of restructuring costs. Free Cash Flow is not a recognized measure under IFRS. The IFRS measure most directly comparable to Free Cash Flow presented in our financial statements is cash flow from operating activities.

The following table reconciles our cash flows from operating activities to Free Cash Flow: 

 
                                               Three months ended March 31, 
(In thousands of US dollars)                           2024             2023 
                                                          $                $ 
                                              -------------  --------------- 
Cash flow from (used in) operating 
 activities                                           8,426          (2,181) 
Purchases of property and equipment                   (203)            (107) 
Acquisition related compensation paid                   669               -- 
Transaction related expenses paid                       306               -- 
                                              -------------  --------------- 
Free cash flow                                        9,198          (2,288) 
                                              -------------  --------------- 
Free cash flow as a percentage of total 
 revenue                                             17.9 %          (5.5) %

View source version on businesswire.com: https://www.businesswire.com/news/home/20240509837345/en/ 

 
    CONTACT:

For further information, please contact:

Mike McCarthy

Vice President - Investor Relations

(214) 830-0641

mike.mccarthy@docebo.com

(END) Dow Jones Newswires

May 09, 2024 17:00 ET (21:00 GMT)

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