D2L Inc. Announces Fourth Quarter - Total revenue in Q4 increased 11% year-over-year to US$47.6 million; full-year revenue grew 8% to US$182.4 million
- Q4 subscription and support revenue grew 12% year-over-year to US$42.2 million; full-year subscription and support revenue grew 11% to US$162.2 million
- Annual Recurring Revenue1 reached US$188.1 million at year-end, up 12% over the prior year-end
- Cash flow from operating activities of US$15.7 million in fiscal 2024, an increase of US$11.9 million from the prior year
- Q4 Adjusted EBITDA2 of US$3.5 million (7.3% margin), versus US$0.4 million (1.0% margin) in the prior year; full-year EBITDA of US$7.9 million (4.3% margin), an increase of US$10.8 million from the prior year
- Subsequent to quarter end, announced spin-out transaction for D2L Wave
TORONTO, April 3, 2024 /CNW/ - D2L Inc. (TSX: DTOL) ("D2L" or the "Company"), a leading global learning technology company, today announced financial results for its fiscal 2024 fourth quarter and full year ended January 31, 2024. All amounts are in U.S. dollars and all figures are prepared in accordance with International Financial Reporting Standards ("IFRS") unless otherwise indicated.
D2L Inc. Announces Fourth Quarter and Fiscal 2024 Financial Results (newswire.ca)