NYSE$SKIL

Skillsoft Corp · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Skillsoft's Q1 2023 financial results were reported, demonstrating strong Skillsoft Content Segment bookings growth.

Skillsoft reported Q1 results above expectations with Skillsoft Content Segment bookings growth of 22%. The company delivered four consecutive quarters of adjusted revenue growth. The first phase of the technical integration of Codecademy into Percipio was completed.

  • Skillsoft Content Segment bookings grew 22% over the prior year.
  • Skillsoft Content Dollar Revenue Retention was 101%, up 10 percentage points over prior year
  • GAAP revenue was $164 million, up 79%
  • GAAP net loss was $22 million
  • Adjusted Revenue grew 1% to $170 million with Adjusted EBITDA of $33 million

Headline financials

Total Revenue

$164M

Previous: $34.8M+370.8%
EPS (adj)

-$3.00

Previous: -$2.96-1.4%
Adjusted EBITDA

$33M

No prior period
Capital Expenditures

-$1.61M

Previous: $641K-351.6%
Free Cash Flow

-$23.3M

Previous: $33.2M-170.1%
Net Income

-$21.6M

Previous: -$11.9M-82.5%
Operating Income

-$42.4M

Previous: -$10.8M-292.6%
Gross Profit

$116M

Previous: $27.9M+317.3%
Cash & Equivalents

$75.6M

Previous: $260M-70.9%
Total Assets

$2.43B

Previous: $700M+247.1%
Stock-Based Comp

$6.9M

No prior period

Revenue & EPS history

Skillsoft · Revenue · Quarterly

$164M

Q1 2023+370.8%vs 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 trending towards the low end of its bookings and revenue outlook ranges for full year fiscal 2023.

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 2023

Historical avgQ1 2023

-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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