NYSE$SKIL

Skillsoft Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Skillsoft completed business combination with Churchill Capital Corp II and acquired Global Knowledge.

Skillsoft completed its business combination with Churchill Capital Corp II and acquired Global Knowledge. The business is performing in line with expectations, and the company is affirming its financial outlook for the fiscal year ending January 31, 2022.

  • Skillsoft completed its business combination with Churchill Capital Corp II.
  • Skillsoft acquired Global Knowledge on June 11, 2021.
  • Final pro-forma balance sheet as of March 31, 2021, includes gross debt of $584.4 million and cash of $259.8 million.
  • The business is performing in line with expectations as previously communicated in external guidance.

Headline financials

Total Revenue

$34.8M

No prior period
EPS (adj)

-$2.96

Previous: -$2.05-44.7%
Capital Expenditures

$641K

No prior period
Free Cash Flow

$33.2M

No prior period
Net Income

-$11.9M

Previous: -$8.82M-34.4%
Operating Income

-$10.8M

Previous: -$302K-3475.8%
Gross Profit

$27.9M

Previous: $0.00
Cash & Equivalents

$260M

No prior period
Total Assets

$700M

No prior period

Revenue & EPS history

Skillsoft · Revenue · Quarterly

$34.8M

Q1 2022
Beat estimate in 1 of 9 quarters(11%)
ActualEstimate

Revenue by segment

Skillsoft · $94.5M total across 1 segment · Q1 2027

  • Talent Development Solutions
    $94.5M-4.7%

Forward guidance

Skillsoft is affirming its financial outlook for the fiscal year ending January 31, 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-5.1%

Avg return

Earnings day

-6.2%

Avg return

5 days after

-2.1%

Avg return

30 days after

24%

7 / 29 earnings

Positive

+27.1%

Q3 2025

Best reaction

-37.3%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027-11.6%
Q4 2026+0.9%-2.1%
Q3 2026-22.1%-14.3%+25.8%
Q2 2026-10.1%-13.6%-6.7%
Q1 2026-3.5%-14.1%-12.0%
Q4 2025+22.0%+26.5%+32.8%
Q3 2025+27.1%+23.4%+101.2%
Q2 2025-6.6%+3.6%+16.0%
Q1 2025+14.9%+6.8%+58.2%
Q4 2024-37.3%-38.6%-4.6%
Q3 2024-10.7%-6.9%-14.6%
Q2 2024-10.4%-10.4%-24.8%
Q1 2024-13.4%-14.6%-22.0%
Q4 2023-14.1%-26.3%-37.1%
Q3 2023-16.0%-26.5%-30.0%
Q2 2023-17.6%-16.2%-41.4%
Q1 2023-19.4%-28.2%-38.7%
Q4 2020-2.7%-8.0%-14.7%
Q4 2022-3.5%+3.5%-8.4%
Q3 2022-4.9%-4.9%-27.1%
Q3 2021-4.9%-4.9%-27.1%
Q2 2022+2.8%+5.6%+25.6%
Q1 2022-8.7%-16.5%-18.9%
Q4 2021-0.1%-0.2%-0.3%
Q2 2021-0.1%-0.2%-0.3%
Q1 2021+0.1%+2.3%+6.2%
Q4 2019+2.3%+2.3%+6.3%
Q3 2019-0.6%-0.3%-0.7%
Q2 2019+0.0%+0.0%+0.2%

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