NYSE$SKIL

Skillsoft Corp · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported financial results, including a 5% growth in Skillsoft Content Segment bookings and authorization of a $30 million share repurchase program.

Skillsoft reported a GAAP revenue of $140.6 million, a GAAP net loss of $127.3 million, and an Adjusted EBITDA of $32.6 million for the second quarter of fiscal year 2023. The Skillsoft Content Segment saw a 5% bookings growth at constant currency, while the Board of Directors authorized a share repurchase of up to $30 million.

  • Skillsoft Content Segment bookings grew by 5% at constant currency.
  • Skillsoft LTM Content Dollar Revenue Retention increased to 98%.
  • Global Knowledge Segment bookings declined by 21% at constant currency.
  • Board of Directors authorized a share repurchase of up to $30 million.

Headline financials

Total Revenue

$141M

Previous: $57.9M+142.7%
EPS (adj)

$1.80

Previous: -$0.09+2100.0%
Adjusted EBITDA

$32.6M

No prior period
Adjusted EBITDA Margin

22.0%

No prior period
Capital Expenditures

-$3.53M

Previous: -$75K-4604.0%
Free Cash Flow

-$125M

Previous: -$37.6M-232.4%
Net Income

-$121M

Previous: -$37.5M-223.7%
Operating Income

-$111M

Previous: -$49.6M-123.3%
Gross Profit

$106M

Previous: $29.9M+253.0%
Cash & Equivalents

$43.3M

Previous: $90.8M-52.2%
Total Assets

$2.29B

Previous: $2.03B+12.7%
Stock-Based Comp

$10M

Previous: $4.82M+108.0%

Revenue & EPS history

Skillsoft · Revenue · Quarterly

$141M

Q2 2023+142.7%vs Q2 2022
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 revised its full year fiscal 2023 outlook due to the SumTotal sale, foreign exchange impact, lower fundamentals, and macroeconomic uncertainty.

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 2023

Historical avgQ2 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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