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

Total Revenue

$164M

Previous year: $34.8M

+370.8%

EPS

-$3

Previous year: -$2.96