Skillsoft Q2 FY2024 Revenue $141M (+<1%); Content & Platform Bookings +7%

Skillsoft Corp.

Total Bookings grew 4% YoY; Content & Platform segment Bookings up 7% and Revenue up 4% to $103M.
GAAP net loss narrowed to $32M ($0.20 per share) from $121M loss ($0.74) in prior year.
Adjusted EBITDA of $25M (18% margin); pro forma adjusted net loss per share $0.18 vs $0.14.
LTM Content & Platform Dollar Retention Rate improved to 101% from 98%.
Reaffirmed FY2024 outlook: Revenue $555M-$585M, Adjusted EBITDA $100M-$105M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Skillsoft Corp. reported the fiscal quarter ended July 31, 2023 results: revenue $141 million, net income GAAP net loss of $32 million, EPS GAAP net loss per share of $0.20. Guidance reaffirmed.

Period: the fiscal quarter ended July 31, 2023
Revenue: $141 million
Net income: GAAP net loss of $32 million
EPS: GAAP net loss per share of $0.20
Guidance: reaffirmed
Result: reported results

Exact text from the filing

● Total Bookings grew 4% led by 7% growth in the Content & Platform segment, partially offset by a 1% decline in Instructor-Led Training segment Bookings. ● GAAP Revenue of $141 million grew under 1%, with 4% growth in Content & Platform segment GAAP Revenue to $103 million, offset by a 9% decline in Instructor-Led Training segment GAAP Revenue to $38 million. ●

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Source: SEC EDGAR

accession 0001437749-23-025591

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