Q: hi folks...2 n/r from Docebo dcbo/t....pre-lim of Q results, and update on company, etc....market likes both & stock up 8%....has bounced off lows at $20sh....your thoughts on company and prospects going forward....I owned and sold out when 5i did....thanks, jb
5i Research Answer:
The preliminary results were good, and somewhat unexpected. Guidance was good, with 14% growth expected this year. Cash is $72M. The stock is up about 15% from the lows, but still down 36% in a year. While the results were good, one quarter does not yet make a trend. Its small size and weak sentiment could still hold the stock back a bit. We would like to wait for the full results in early May to get a better picture.