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Apr 30, 2022
Skillsoft Q1 2023 Earnings Report
Skillsoft's Q1 2023 financial results were reported, demonstrating strong Skillsoft Content Segment bookings growth.
Key Takeaways
Skillsoft reported Q1 results above expectations with Skillsoft Content Segment bookings growth of 22%. The company delivered four consecutive quarters of adjusted revenue growth. The first phase of the technical integration of Codecademy into Percipio was completed.
Skillsoft Content Segment bookings grew 22% over the prior year.
Skillsoft Content Dollar Revenue Retention was 101%, up 10 percentage points over prior year
GAAP revenue was $164 million, up 79%
GAAP net loss was $22 million
Adjusted Revenue grew 1% to $170 million with Adjusted EBITDA of $33 million
Skillsoft
Skillsoft
Forward Guidance
Skillsoft is trending towards the low end of its bookings and revenue outlook ranges for full year fiscal 2023.