NYSE$SKIL

Skillsoft Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong financial results and raised full year guidance.

Skillsoft Corp. announced its financial results for the second quarter of fiscal 2022, exceeding expectations and raising its full year guidance for bookings and adjusted revenue. The company delivered double-digit bookings growth and acquired Pluma.

  • Strong bookings growth across all three business segments.
  • GAAP revenue for the reported period was $106 million and GAAP net loss was $49 million.
  • Adjusted revenue of $176 million grew 5% and adjusted EBITDA of $43 million grew 2%.
  • Combined Percipio and dual deployment dollar retention rate of 103% compared to 102%.

Headline financials

Total Revenue

$57.9M

Previous: $38.7M+49.7%
EPS (adj)

-$0.09

No prior period
Capital Expenditures

-$75K

Previous: $2.99M-102.5%
Free Cash Flow

-$37.6M

Previous: -$3.17M-1085.8%
Net Income

-$37.5M

Previous: $3.27B-101.1%
Operating Income

-$49.6M

Previous: $9.12M-644.1%
Gross Profit

$29.9M

Previous: $32.4M-7.6%
Cash & Equivalents

$90.8M

Previous: $92M-1.3%
Total Assets

$2.03B

Previous: $1.5B+35.3%
Stock-Based Comp

$4.82M

No prior period

Revenue & EPS history

Skillsoft · Revenue · Quarterly

$57.9M

Q2 2022+49.7%vs Q2 2021
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 increased its bookings and adjusted revenue outlook for full year fiscal 2022 primarily to reflect better than expected performance in the first half of the year.The unchanged adjusted EBITDA outlook reflects the Company’s growth investments in content, platform and go-to-market capabilities. Additionally, the Company experienced a delay in realizing business combination synergies due to the timing of transaction close and higher than anticipated D&O insurance costs.

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 Q2 2022

Historical avgQ2 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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