Skillsoft reports Q3 net loss $528M (incl $571M goodwill impairment); reaffirms FY23 guidance

Skillsoft Corp.

2023-Q3 EPS reported -$4.27 revenue$414,803,000

GAAP net loss of $528M includes $571M goodwill impairment charge; Adjusted EBITDA of $28M.
Total Bookings of $133M down 9% constant currency; GAAP revenue down 1% YoY.
LTM Content Dollar Revenue Retention of 98% and 96% in Q3.
Ended Q3 with $175M cash after retiring $31M of Term Loan B.
Reaffirmed FY23 outlook: Bookings $580-$615M, GAAP revenue $520-$550M, Adj EBITDA $105-$125M.

item 2.02 item 7.01 item 9.01

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 third quarter of fiscal 2023 ended October 31, 2022 results: net income $528 million. Guidance reaffirmed.

Period: the third quarter of fiscal 2023 ended October 31, 2022
Net income: $528 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

GAAP net loss of $528 million included a $571 million goodwill impairment charge and Adjusted EBITDA was $28M.

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Source: SEC EDGAR

accession 0001558370-22-018407

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