iLearningEngines Reports Q4 Revenue Of $116M, Up 39% YoY; FY23 Revenue $421M, Up 36% YoY

Author: Benzinga Newsdesk | April 22, 2024 04:43pm

Key Fourth Quarter & Full Year 2023 Financial Highlights

Revenue – fourth quarter 2023 revenue of $116 million increased 39% year-over-year. Full year 2023 revenue of $421 million increased 36% year-over-year.
Annual Recurring Revenue ("ARR")1 – ARR of $447 million increased 43% year-over-year.
Net Dollar Retention ("NDR")1 – NDR of 125% in 2023 increased compared to 117% in 2022.
Net Loss – Fourth quarter GAAP net loss of $4 million. Full year 2023 GAAP net loss of $4 million.
Adjusted EBITDA & Adjusted EBITDA Margin2 – Fourth quarter 2023 adjusted EBITDA of $10 million, and full year 2023 adjusted EBITDA of $23 million. Adjusted EBITDA margin expanded by 240 basis points in Q4 2023 compared to Q4 2022, and 85 basis points in full year 2023 compared to full year 2022.

Posted In: AILE