D2L Inc.2023年年度报告.pdf

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1、12023 ANNUAL REPORTANNUAL REPORT FISCAL YEAR 2023A platform for growth.D2L is the learning innovation platform for the future of work and learning1,240+CUSTOMERS16M+USERS40+COUNTRIES12023 ANNUAL REPORT40+COUNTRIESDEAR SHAREHOLDERS,Fiscal 2023 was our first full year as a public company and we just m

2、arked our 24th anniversary of building the future of work and learning.While we made solid progress on multiple growth strategies,we also navigated several unexpected headwinds in a difficult macroeconomic environment.In response to these conditions,we chose to evolve our operating model during the

3、year to balance our pursuit of sales growth and long-term market leadership with an accelerated path to profitability.Im grateful for how our team embraced this revised plan and quickly adapted to deliver against our updated forecast.Considering the macroeconomic backdrop,we were pleased with the ov

4、erall financial performance in fiscal 2023.Revenue grew 11%to$168.4 million and Constant Currency Revenue1,which removes the impact of foreign exchange rate changes,increased 14%to$172.6 million.Annual Recurring Revenue2 the leading indicator of future sales growth increased 9%to$168.0 million as at

5、 January 31,2023.We also made steady progress on gross margin improvements and reported a full-year Adjusted EBITDA1 result that was considerably better than our original guidance,reflecting our quick transition to a balanced growth model.D2L finished the year in a healthy financial position,with no

6、 debt and$110.7 million in cash.Our strong balance sheet gives us valuable stability in the near term and the flexibility to take advantage of favourable growth trends in our markets over time.A message from John BakerCEO AND CHAIR OF THE BOARDJohnBakerD2L22023 ANNUAL REPORTBUILDING OUR GLOBAL CUSTO