secwatch.observer — SEC 8-K summary
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Issuer:     Skillsoft Corp. (SKIL)
CIK:        0001774675
Form:       8-K
Filed at:   2024-06-10T23:59:59+00:00
Accession:  0001437749-24-019817
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Skillsoft Q1 FY2025 revenue $128M (-6% YoY); net loss improves; reaffirms FY outlook
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- Total GAAP revenue of $128M, down 6% YoY; Content & Platform flat at $98M; ILT revenue down 20% to $30M.
- GAAP net loss improved to $28M ($3.42 loss per share) from $44M ($5.42) prior year.
- Adjusted EBITDA of $19M (15% margin) vs $22M (16%) prior year; free cash flow positive $10M ($17M prior year).
- LTM Content & Platform retention rate ~99% (vs ~101%); reaffirms FY2025 revenue $530M-$550M, EBITDA $105M-$110M.
- Virtual Investor Day on July 11, 2024; Executive Chair cites market opportunity and go-to-market focus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1774675/000143774924019817/0001437749-24-019817-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1774675/000143774924019817/skil20240415d_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-019817

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