NYSE$SKIL

Skillsoft Corp · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Skillsoft's financial performance for Q4 2023 reflected revenue growth and strategic business repositioning.

Skillsoft reported a 3% year-over-year increase in GAAP revenue for the fourth quarter of fiscal year 2023, reaching $140 million. The company experienced a GAAP net loss of $53 million, but adjusted EBITDA from continuing operations was $22 million, representing 16% of GAAP revenue. Skillsoft Content segment Bookings grew 4% year-over-year on a constant currency basis.

  • Skillsoft Content segment Bookings grew 4% year-over-year on a constant currency basis.
  • GAAP Revenue for the fourth quarter grew 3% year-over-year, reaching $140 million.
  • GAAP Net Loss for the fourth quarter was $53 million.
  • Adjusted EBITDA from continuing operations was $22 million, representing a margin of 16% of GAAP Revenue.

Headline financials

Total Revenue

$140M

Previous: $166M-15.6%
EPS (adj)

-$4.20

Previous: $1.20-450.0%
Capital Expenditures

$200K

Previous: $1.94M-89.7%
Free Cash Flow

$2.43M

Previous: $26.8M-91.0%
Net Income

-$53M

Previous: $7.9M-770.7%
Operating Income

-$53M

Previous: -$22.4M-136.6%
Gross Profit

$94.2K

Previous: $117M-99.9%
Cash & Equivalents

$170M

Previous: $155M+9.9%
Total Assets

$1.64B

Previous: $2.22B-26.1%
Stock-Based Comp

$11.3M

Previous: $5.63M+100.9%

Revenue & EPS history

Skillsoft · Revenue · Quarterly

$140M

Q4 2023-15.6%vs Q4 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 provided its financial outlook for the full fiscal year 2024, anticipating continued growth and profitability.

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 Q4 2023

Historical avgQ4 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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