SKIL - Skillsoft GAAP EPS of -$0.34 misses by $0.10 revenue of $140.32M beats by $29.59M

2023-04-11 16:06:20 ET

• Skillsoft press release ( NYSE: SKIL ): Q4 GAAP EPS of -$0.34 misses by $0.10 .
• Revenue of $140.32M (-4.8% Y/Y) beats by $29.59M .
• Skillsoft Content segment Bookings grew 4% year-over-year on a constant currency basis. Global Knowledge segment Bookings were down 13% year-over-year on a constant currency basis, but grew 2% sequentially from Q3.
• On a pro forma, constant currency basis, Revenue declined 2% year-over-year, with Skillsoft Content segment Revenue growth of 3% year-over-year, while Global Knowledge segment Revenue was down 10% year-over-year and up 2% sequentially from Q3.
• Adjusted EBITDA from continuing operations of $22 million, reflecting a margin of 16% of GAAP Revenue.
• Repurchased 1.6 million shares through January 31, 2023, under the Company’s $30 million share repurchase program.
• Ended the year with $170 million of cash and cash equivalents and net leverage of 4.5x Pro Forma Adjusted EBITDA.
• 2024 Outlook: Bookings $610 million to $640 million; GAAP Revenue $555 million to $585 million; Adjusted EBITDA $100 million to $105 million.
• Shares +4.95% .

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