secwatch / observer
8-K filed April 15, 2024, 7:59 PM ET ticker SKIL CIK 0001774675
earnings confidence high sentiment neutral materiality 0.60

Skillsoft Q4 revenue $138M (-2% YoY); adjusted EBITDA $28M beats top end of FY guidance

Skillsoft Corp.

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 Fiscal year ended January 31, 2024 results: revenue $553 million, net income GAAP net loss of $349 million, EPS GAAP net loss per share of $43.38.

Period
Fiscal year ended January 31, 2024
Revenue
$553 million
Net income
GAAP net loss of $349 million
EPS
GAAP net loss per share of $43.38
Result
reported results
Exact text from the filing
● Content & Platform segment bookings of $418 million grew 2%. Total bookings of $596 million declined 2%, with growth in the Content & Platform segment offset by a 10% decline in Instructor-Led Training segment bookings to $178 million. ● Content & Platform segment GAAP Revenue of $405 million grew 5%. Total GAAP Revenue of $553 million was approximately flat to prior year, with growth in the Content & Platform segment offset by a 13% decline in Instructor-Led Training segment GAAP Revenue to $148 million. Content & Platform segment pro forma Revenue of $405 million grew 3%. Total pro forma Revenue of $553 million declined 2%, with growth in the Content & Platform segment offset by a 13% decline in Instructor-Led Training segment pro forma Revenue to $148 million. ● GAAP net loss of $349 million favorably compared to a GAAP net loss of $725 million in the prior year. GAAP net loss per share of $43.38 favorably compared to a GAAP net loss per share of $91.26 in the prior year.
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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Skillsoft Corp. reported Fourth quarter of fiscal 2024 ended January 31, 2024 results: revenue $138 million, net income GAAP net loss of $245 million, EPS GAAP net loss per share of $30.38.

Period
Fourth quarter of fiscal 2024 ended January 31, 2024
Revenue
$138 million
Net income
GAAP net loss of $245 million
EPS
GAAP net loss per share of $30.38
Result
reported results
Exact text from the filing
● Content & Platform segment GAAP Revenue of $102 million grew 4%. Total GAAP Revenue of $138 million declined 2%, with growth in the Content & Platform segment offset by a 16% decline in Instructor-Led Training segment GAAP Revenue to $36 million. ● GAAP net loss of $245 million included a $202 million non-cash charge for goodwill and intangible impairment, and compared to a GAAP net loss of $53 million in the prior year. GAAP net loss per share of $30.38 compared to a GAAP net loss per share of $6.51 in the prior year.
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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Skillsoft Corp. reported Fiscal year ending January 31, 2025 results: revenue $530 million – $550 million. Guidance initiated.

Period
Fiscal year ending January 31, 2025
Revenue
$530 million – $550 million
Guidance
initiated
Result
guidance update
Exact text from the filing
The following table reflects Skillsoft’s financial outlook for the fiscal year ending January 31, 2025, based on current market conditions, expectations, and assumptions: GAAP Revenue $530 million – $550 million Adjusted EBITDA $105 million – $110 million
View on SEC.gov

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Source: SEC EDGAR
accession 0001437749-24-012053
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