Skillsoft Q4 2023 Earnings Report
Key Takeaways
Skillsoft reported a 3% year-over-year increase in GAAP revenue for the fourth quarter of fiscal year 2023, reaching $140 million. The company experienced a GAAP net loss of $53 million, but adjusted EBITDA from continuing operations was $22 million, representing 16% of GAAP revenue. Skillsoft Content segment Bookings grew 4% year-over-year on a constant currency basis.
Skillsoft Content segment Bookings grew 4% year-over-year on a constant currency basis.
GAAP Revenue for the fourth quarter grew 3% year-over-year, reaching $140 million.
GAAP Net Loss for the fourth quarter was $53 million.
Adjusted EBITDA from continuing operations was $22 million, representing a margin of 16% of GAAP Revenue.
Skillsoft
Skillsoft
Forward Guidance
Skillsoft provided its financial outlook for the full fiscal year 2024, anticipating continued growth and profitability.