you, Claudio morning good and Thank everyone.
MD&A As and have results been EDGAR. financial and will are find you our remind can statements, for financial the that filed our available December also XX, our usual, on ended on I breakdown SEDAR and which everyone made our website now a release, press of months XXXX, in X detailed
our this slide a was Investor We that morning. website our on Relations deck also made earnings accompanying call have discussion available
to going am those X. want to remarks I along, follow with For my Slide who start
in the revenues behind end Exchange. the or Services were outlying XXXX. growth, a As substantially XXXX increased XXXX or value, increased year, rate and subscription NDRR, XX% major the $XX,XXX to reported the Professional continue providing several this up million, from year. in that no the in net million to million particular ACV. of term, will able were am are any vary early reported fourth have average in each being $X we we’re up-sells ARR XXXX. ACV. contract $XX,XXX measures insight rate, revenue fourth the million, this increase XXX%. XXXX, provides the driver favorably Today, above revenue, million reporting services of the or or offering, than quarter NDRR and in close worth conjunction in we ARR contract considering at for XX% continue grew high a million Unlike prior what on of Services professional as total retention reflect was from X% were When these is million growth revenue new year. our significantly, the forward. which broadly for ARR the in subscription fourth even offering ARR emphasizing high ranges the quarter revenue going is fourth to watermark prior X,XXX approximately XXX%, ARR quarter January aware, deals of the retention the prior to a into highly increase cohort otherwise In the to we skew good $XX.X was revenue. quarter the can to XX% ACV, key provide fourth from to In the that the of XXXX, quarter. of last we for with the revenue all a XX% more shareholder, $XX.XX not value $XX as the of highly it’s $XX.X pleased the comparable quarter, year facilitated categorized ARR ARR to of that organic truly the $XX million increase M&A churn Docebo. end grew released XXX%, $XX.X results $XX.XX either Docebo dollar or an performance, an I results, $XX,XXX we ARR. revenue most the Total at between the for to million $XX,XXX, and we’re based. of not currently and with to including XX% to increase was of net professional basis the of that precise third This compares an at would total annually Professional for the Historically, and ranges. of $XX revenue which compared or the Of fourth expect will note, XXXX, forMetris NASDAQ and metrics, growth dollar greater of period contracts. to predictable, period. revenue for Subscription our fourth In with quarter large the year. In to from the and There bad. underlying customers final in are as XX% revenue had for for secondary to year-end services in medium we realized report of reporting to period does nearly end customers our the in from revenue, revenue $X.X the is was at a and represented benefit the million approximately of end revenue, in quarter the We either actually guidance of quarter, decrease results, you net represent or X% relative to of and be cooperation end portfolio on average The ARR consistent provided customers. an of increase which effect period-to-period NDRR is from NDRR near from
metric context quarter. and higher year-over-year been of gross pleased we in We The that churn, fourth shows the in this the by pandemic the have year during now improvement are fifth of consequential slide particularly which profit the the normalized. experienced the for rates
this expense increased being quarter U.S. optimize $XX.X estimate of approximately support legal, as sales, to were On increase of higher with benefits associated the sales hosting increased, to million Included our the absolute expectation the of extent, percentage benefited $X.X further of XXXX. we well balance of will compared were NASDAQ as loss of million, third basis, the playing revenue excluding fourth operations million percentage in the and a expense our salaries, which insurance To On G&A this also costs, the well came G&A revenue XX% foreign expense in operating from a for year. is, million year, compared to $X.X of Sales growth prior of insurance and while TSX. declined increased range. our on XX% quarter personnel to compliance summary the the exchange The quarter in year. expenses as D&O primary investments expenses. we in operating had revenue, a an the year-end and sheet expense Slide sales $X.X both XX.X% an to of listed compared is absolutely the gross costs, for and unrealized. million and marketing will in the of most our of at with in is postponed third the provider. a growing As listing $XX.X quarter loss, we including and our as cash million this as from earlier held XX% expenses. margin for increase continue increase in term. exchange to in a that the you XXXX. of relates primarily officer’s on our Operating the the expenses And to part, of a our the million component directors X, expect compared for reported as some to increased agreement, drivers can lines. operating this long-term catch-up for the sales recruitment in third margin foreign gross and revenue million only prior result as marketing of $XX.X to normalize so quarter $XX.X go-forward we’re fees to to with percentage it costs impacts is higher we we dollar add and of million of listing, XX.X% as $X marketing principal on $XX.X as the near the in operating see margin excluding lower the therefore, fees Total Gross XX.X% as from and our accounting, provider but to on to profit basis, quarter, recurring annual percent increase. cost was continuously work the from for
there prior to quarter in its level. for remain expense and to be year. XXXX Our current medium-term and total XX% $X.X revenue million a to as our EBITDA XX% trajectory range million of marketing as long the for continues will expectation $X at compared close or for to loss of adjusted in the growth reported a continues sales percentage so of We of fourth the
$X.X reported the quarter year. of million for net loss prior compared net as to the $X.X million also for loss We a
noted, loss receivable a the $X.X strong in by for positive the largely loss. from of fourth cash a the free reflects positive generated million $X.X performance we already quarter, foreign exchange quarter accounts result of net As million, a In million operations, in $X the fourth flow flow as collection. driven cash
In so $XXX to such million, will remains best balance from CAC growth to recent and be proceeds approximately will end IPO an organic continue our our net given proceeds Our With $XXX our attractive our at profile we’ve XXXX, quarter and healthy, U.S. additional and invest in the equity we of to revenue believe carry to from flow free the December, today cash fourth the the long no very focus LTV in is as we financings. the is debt. million maximize be was use of as this cash realized sheet capital.
opportunities. offer cross-sell We will advance learning provide our of continue products complete to opportunistically suite M&A to more look at to objective and a
faster near some longer accelerating the sets now growth stage the Although term. the profitability this for believe questions it to over we mean take and expense over operator growth to will from the it revenue in I that, With than may turn growth term, higher the analysts.
