Docebo Corporate Presentation
Appendix:
Non-IFRS Measures and Reconciliation of Non-IFRS Measures
docebo
Adjusted EBITDA
Adjusted EBITDA is defined as net income excluding net finance income, depreciation and amortization, income taxes, share-based compensation and related payroll taxes, other income,
foreign exchange gains and losses, loss on disposal of assets (if applicable), acquisition related compensation, transaction related expenses and restructuring costs.
The IFRS measure most directly comparable to Adjusted EBITDA presented in our financial statements is net (loss) income.
The following table reconciles Adjusted EBITDA to net income (loss)
for the periods indicated:
Three months ended September 30,
2023, $
Nine months ended September 30,
2022, $
2023, $
2022, $
Net income (loss) for the period
Finance income, net (1)
Depreciation and amortization (2)
Income tax expense
Share-based compensation (3)
Other (income) expense (4)
Foreign exchange loss (gain) (5)
4,047
10,274
(382)
5,418
(1,933)
(1,325)
(6,506)
(1,677)
1,506
564
2,587
1,731
997
95
1,918
583
1,845
1,000
4,438
3,745
(2)
(21)
181
(64)
(3,092)
(10,213)
1,365
(11,676)
Acquisition related compensation (6)
1,258
256
2,246
868
Transaction related expenses (7)
271
1,081
101
Restructuring (8)
65
2,849
Adjusted EBITDA
4,512
630
9,777
(971)
Adjusted EBITDA as a percentage of total revenue
9.7%
1.7%
7.4%
(0.9)%View entire presentation