NYSE$SKIL

Skillsoft Corp · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Improved top-line performance with growth in Bookings and Revenue.

Skillsoft reported improved top-line performance in Q2 2024, with growth in both Bookings and Revenue. The Content & Platform segment saw a 4% revenue increase, while the Instructor-Led Training segment experienced a 9% decline. The company reaffirmed its full-year fiscal 2024 financial outlook.

  • Skillsoft executed well in the second quarter, delivering improved top-line performance with growth in both Bookings and Revenue.
  • Content & Platform segment Bookings increased 7%, Revenue growth accelerated to 4%, and LTM Dollar Retention Rate came in at 101%.
  • The reskilling revolution is impacting nearly every company and industry around the globe.
  • Skillsoft believes these structural shifts are unlocking new long-term growth opportunity for Skillsoft.

Headline financials

Total Revenue

$125M

Previous: $141M-11.1%
EPS (adj)

-$3.60

Previous: $1.80-300.0%
LTM DRR

101.0%

No prior period
Capital Expenditures

-$3.41M

Previous: -$3.53M+3.5%
Free Cash Flow

-$35.4M

Previous: -$125M+71.7%
Net Income

-$32M

Previous: -$121M+73.7%
Operating Income

-$25.3M

Previous: -$111M+77.2%
Gross Profit

$84.5M

Previous: $106M-20.0%
Cash & Equivalents

$148M

Previous: $43.3M+241.3%
Total Assets

$1.48B

Previous: $2.29B-35.5%
Stock-Based Comp

$5.83M

Previous: $10M-41.8%

Revenue & EPS history

Skillsoft · Revenue · Quarterly

$125M

Q2 2024-11.1%vs Q2 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 ended January 31, 2024.

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 2024

Historical avgQ2 2024

-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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