NYSE$SKIL

Skillsoft Corp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Skillsoft reported growth in its core SaaS-based Content & Platform segment while showing meaningful improvement in Adjusted EBITDA and Free Cash Flow.

Skillsoft's Q3 2024 showed growth in the core SaaS-based Content & Platform segment and improvements in Adjusted EBITDA and Free Cash Flow. The company is focusing on generative AI solutions and expects to deliver Bookings and Revenue approximately at the bottom of the full-year outlook, but Adjusted EBITDA at the top of the outlook.

  • Skillsoft delivered growth in the core SaaS-based Content & Platform segment.
  • The company demonstrated meaningful improvement in Adjusted EBITDA and Free Cash Flow.
  • Skillsoft is extending its leadership position in helping enterprises succeed in a skills-centric economy.
  • The company is focusing on innovative new solutions like Skillsoft CAISY™ and generative AI Aspire Learning Journeys.

Headline financials

Total Revenue

$124M

Previous: $139M-11.4%
EPS (adj)

-$2.82

Previous: -$3.80+25.8%
Adjusted EBITDA

$32.3M

No prior period
Capital Expenditures

-$3.75M

Previous: -$4.71M+20.4%
Free Cash Flow

-$31.5M

Previous: -$533M+94.1%
Net Income

-$27.7M

Previous: -$528M+94.8%
Operating Income

-$19.9M

Previous: -$609M+96.7%
Gross Profit

$87.1M

Previous: $103M-15.2%
Cash & Equivalents

$130M

Previous: $175M-25.7%
Total Assets

$1.42B

Previous: $1.6B-10.7%
R&D Expense

$16.1M

No prior period
Stock-Based Comp

$7.96M

Previous: $8.4M-5.2%

Revenue & EPS history

Skillsoft · Revenue · Quarterly

$124M

Q3 2024-11.4%vs Q3 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 expects to deliver Bookings and Revenue approximately at the bottom of their full-year outlook, while Adjusted EBITDA is expected to be at the top of the outlook.

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 2024

Historical avgQ3 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro