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. Its core cloud-based learning 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 Lumi, a human-centered artificial intelligence (AI) offering; Creator+, an easy-to-use authoring tools; Performance+, an advanced analytics package; Achievement+, which streamlines achievement reporting on learning outcomes; Course Merchant, its storefront for courses, and H5P, for building learning interactives. Its learning technology leverages features like AI, smart workflow design and automation to help educators, activities, and other technologies. It 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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Post by Betteryear2on Apr 03, 2024 6:28pm

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Post# 35969102

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)