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Jul 31, 2021
Skillsoft Q2 2022 Earnings Report
Reported strong financial results and raised full year guidance.
Key Takeaways
Skillsoft Corp. announced its financial results for the second quarter of fiscal 2022, exceeding expectations and raising its full year guidance for bookings and adjusted revenue. The company delivered double-digit bookings growth and acquired Pluma.
Strong bookings growth across all three business segments.
GAAP revenue for the reported period was $106 million and GAAP net loss was $49 million.
Adjusted revenue of $176 million grew 5% and adjusted EBITDA of $43 million grew 2%.
Combined Percipio and dual deployment dollar retention rate of 103% compared to 102%.
Forward Guidance
Skillsoft increased its bookings and adjusted revenue outlook for full year fiscal 2022 primarily to reflect better than expected performance in the first half of the year.The unchanged adjusted EBITDA outlook reflects the Company’s growth investments in content, platform and go-to-market capabilities. Additionally, the Company experienced a delay in realizing business combination synergies due to the timing of transaction close and higher than anticipated D&O insurance costs.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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