Docebo Investor Presentation Deck
Appendix:
Non-IFRS Measures and Reconciliation of Non-IFRS Measures
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:
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)
Acquisition related compensation (6)
Transaction related expenses(7)
Restructuring(8)
Adjusted EBITDA
Adjusted EBITDA as a percentage of total revenue
Three months ended September 30,
2023, $
2022, $
4,047
10,274
(1,933)
(1,325)
564
1,506
997
1,845
(2)
(3,092)
1,258
271
65
4,512
9.7%
95
1,000
(21)
(10,213)
256
630
1.7%
Nine months ended September 30,
2023, $
2022, $
(382)
5,418
(6,506)
(1,677)
2,587
1,731
1,918
583
4,438
181
docebo
1,365
2,246
1,081
2,849
9,777
7.4%
3,745
(64)
(11,676)
868
101
(971)
(0.9)%View entire presentation