D2L Inc T.DTOL

Alternate Symbol(s): DTLIF

D2L Inc. is a global learning technology company. The Company delivers personalized, flexible and modern learning experiences for people of all ages. The Company’s core cloud-based learning innovation platform, Brightspace, serves three distinct markets: kindergarten to grade 12 schools (K-12), higher education, and corporate markets. Its Brightspace Core functionality is extended through Performance+, its advanced analytics package, and Creator+, which provides authoring tools for efficient and effective learning and engages learners through add-on solutions such as video and catalogue capabilities, video-based training and courses. Its learning technology leverages features like artificial intelligence, smart workflow design and automation to help educators, activities, and other technologies. The Company sells its platform primarily through its direct sales force in North America, Europe, and Australia, as well as through a mix of direct and indirect channel partners.

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D2L Inc

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Post by retiredcfon Dec 05, 2024 8:42am

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Post# 36346806

RBC

As with TD, they will soon raise their target. GLTA

December 4, 2024

D2L Inc.
Solid beat and raise

TSX: DTOL | CAD 16.64 | Outperform | Price Target CAD 16.00

Sentiment: Positive

Q3 ahead of RBC/consensus. Revenue rose 18% Y/Y to $54MM, ahead of RBC/consensus at $51MM. ARR increased 12% Y/Y (11.4% constant currency) to $202MM, effectively in line with RBC at $202MM and consensus at $203MM. Even excluding $1.2MM services revenue related to re-evaluating the completion progress of certain professional services engagements, Q3 revenue exceeded RBC/consensus. Adj. EBITDA of $10.4MM (19.2% margin) was well ahead of RBC/consensus at $6.7MM/$6.8MM. EPS was $0.17, above RBC/consensus at $0.12/0.06.

FY25 guidance raised. D2L increased FY25 guidance to: 1) $180-181MM subscription and support revenue (11% Y/Y mid- point) from $178-181MM previously; 2) $204-205MM total revenue (12% Y/Y mid-point) from $199-202MM previously; and 3) $25.5-26.5MM adj. EBITDA (13% margin mid-point) from $22-24MM previously. Revised FY25 guidance exceeds consensus at $201MM revenue and $20MM adj. EBITDA.

Conference call tomorrow at 8:30am ET. Dial-in: 1-833-470-1428; Conference ID: 027545. The webcast can be found here.