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Jul 31, 2022
Skillsoft Q2 2023 Earnings Report
Reported financial results, including a 5% growth in Skillsoft Content Segment bookings and authorization of a $30 million share repurchase program.
Key Takeaways
Skillsoft reported a GAAP revenue of $140.6 million, a GAAP net loss of $127.3 million, and an Adjusted EBITDA of $32.6 million for the second quarter of fiscal year 2023. The Skillsoft Content Segment saw a 5% bookings growth at constant currency, while the Board of Directors authorized a share repurchase of up to $30 million.
Skillsoft Content Segment bookings grew by 5% at constant currency.
Skillsoft LTM Content Dollar Revenue Retention increased to 98%.
Global Knowledge Segment bookings declined by 21% at constant currency.
Board of Directors authorized a share repurchase of up to $30 million.
Forward Guidance
Skillsoft revised its full year fiscal 2023 outlook due to the SumTotal sale, foreign exchange impact, lower fundamentals, and macroeconomic uncertainty.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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