NYSE$SKIL

Skillsoft Corp · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Third quarter results were in line with expectations, and full year guidance was reaffirmed.

Skillsoft reported its Q3 fiscal year 2023 financial results, with results in line with expectations. The company reaffirmed its full year guidance, anticipating strong bookings and revenue in Q4. Global Knowledge segment bookings grew sequentially, and the Codecademy business sustained double-digit revenue growth.

  • Q3 results were in-line with expectations.
  • Full year guidance reaffirmed.
  • Global Knowledge segment bookings grew sequentially.
  • Codecademy business sustained double digit revenue growth.

Headline financials

Total Revenue

$139M

Previous: $171M-18.3%
EPS (adj)

-$3.80

Previous: -$6.40+40.6%
Capital Expenditures

-$4.71M

Previous: -$4.35M-8.3%
Free Cash Flow

-$533M

Previous: -$47.2M-1029.2%
Net Income

-$528M

Previous: -$42.9M-1132.9%
Operating Income

-$609M

Previous: -$4.36M-13877.1%
Gross Profit

$103M

Previous: $122M-15.6%
Cash & Equivalents

$175M

Previous: $80.7M+116.6%
Total Assets

$1.6B

Previous: $2.09B-23.6%
Stock-Based Comp

$8.4M

Previous: $9.03M-7.1%

Revenue & EPS history

Skillsoft · Revenue · Quarterly

$139M

Q3 2023-18.3%vs Q3 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 is reaffirming its outlook but moving to a GAAP revenue presentation to conform to GAAP accounting.

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 Q3 2023

Historical avgQ3 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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