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Oct 31, 2022

Skillsoft Q3 2023 Earnings Report

Third quarter results were in line with expectations, and full year guidance was reaffirmed.

Key Takeaways

Skillsoft reported its Q3 fiscal year 2023 financial results, with results in line with expectations. The company reaffirmed its full year guidance, anticipating strong bookings and revenue in Q4. Global Knowledge segment bookings grew sequentially, and the Codecademy business sustained double-digit revenue growth.

Q3 results were in-line with expectations.

Full year guidance reaffirmed.

Global Knowledge segment bookings grew sequentially.

Codecademy business sustained double digit revenue growth.

Total Revenue
$139M
Previous year: $171M
-18.3%
EPS
-$3.8
Previous year: -$6.4
-40.6%
Gross Profit
$103M
Previous year: $122M
-15.6%
Cash and Equivalents
$175M
Previous year: $80.7M
+116.6%
Free Cash Flow
-$11.7M
Previous year: -$4.89M
+140.0%
Total Assets
$1.6B
Previous year: $2.09B
-23.6%

Skillsoft

Skillsoft

Forward Guidance

Skillsoft is reaffirming its outlook but moving to a GAAP revenue presentation to conform to GAAP accounting.