NYSE$SKIL

Skillsoft Corp · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Skillsoft had a strong start to the fiscal year, driven by bookings growth in the Content & Platform segment and expanded profitability.

Skillsoft reported a strong start to fiscal year 2024, with near double-digit bookings growth in the Content & Platform segment on a constant currency basis. This growth contributed to expanded profitability on an Adjusted EBITDA basis.

  • Skillsoft delivered a strong start to the fiscal year with near double-digit Bookings growth in the Content & Platform segment.
  • The strength in the high margin, SaaS-based segment contributed to expanded profitability on an Adjusted EBITDA basis.
  • Continued low unemployment and the proliferation of new technologies is driving organizations to invest in enterprise learning as a strategic priority.
  • The rapid rise of Generative AI is creating a new imperative for reskilling.

Headline financials

Total Revenue

$120M

Previous: $164M-27.0%
EPS (adj)

-$3.60

Previous: -$3.00-20.0%
Capital Expenditures

-$1.64M

Previous: -$1.61M-1.4%
Free Cash Flow

-$45.9M

Previous: -$23.3M-97.2%
Net Income

-$44.2M

Previous: -$21.6M-104.3%
Operating Income

-$35.4M

Previous: -$42.4M+16.5%
Gross Profit

$81.8M

Previous: $116M-29.7%
Cash & Equivalents

$178M

Previous: $75.6M+135.6%
Total Assets

$1.54B

Previous: $2.43B-36.6%
Stock-Based Comp

$9.13M

Previous: $6.9M+32.3%

Revenue & EPS history

Skillsoft · Revenue · Quarterly

$120M

Q1 2024-27%vs Q1 2023
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

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

  • Talent Development Solutions
    $94.5M-4.7%

Forward guidance

Skillsoft reaffirmed its financial outlook for the full-year fiscal 2024, expecting Bookings between $610 million and $640 million, GAAP Revenue between $555 million and $585 million, and Adjusted EBITDA between $100 million and $105 million.

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 2024

Historical avgQ1 2024

-5.1%

Avg return

Earnings day

-6.4%

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%-13.6%
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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