Financial Performance - Total revenues for the three months ended July 31, 2024, were $132.2 million, a decrease of 6.3% compared to $141.2 million for the same period in 2023[113]. - SaaS subscription revenues for the Talent Development Solutions segment decreased by 2.4% to $95.6 million for the three months ended July 31, 2024, compared to $98.0 million in the prior year[113]. - Non-subscription revenues decreased by 15.2% to $36.6 million for the three months ended July 31, 2024, compared to $43.2 million in the same period in 2023[113]. - The operating loss for the three months ended July 31, 2024, was (14.6)%, an improvement from (18.1)% in the same period in 2023[107]. Cost Management - Operating expenses as a percentage of total revenues decreased from 118.1% in July 2023 to 114.6% in July 2024[107]. - The cost of revenues decreased by 19.8% to $32.5 million for the three months ended July 31, 2024, compared to $40.5 million in the prior year[115]. - Total operating expenses decreased by $14.9 million, or 9.0%, compared to the previous period, totaling $151.6 million[116]. - Content and software development expenses decreased by $2.870 million, or 16.1%, for the three months ended July 31, 2024, totaling $14.993 million[118]. - Selling and marketing expenses increased slightly by $0.273 million, or 0.7%, for the three months ended July 31, 2024, totaling $40.684 million[120]. - General and administrative expenses saw a decline due to lower stock-compensation expenses and cost savings from facility consolidation[122]. - Total G&A expenses for the three months ended July 31, 2024, decreased by $5.69 million (22.7%) compared to the same period in 2023, totaling $19.395 million[128]. Strategic Initiatives - The company announced a resource reallocation plan expected to result in over $45 million of annualized cost savings, with plans to reinvest up to half in strategic growth initiatives[114]. - The company utilizes generative Artificial Intelligence (GenAI) to enhance its learning solutions and address emerging customer needs[105]. Cash Flow and Liquidity - The company had $122.7 million in cash and cash equivalents as of July 31, 2024, with expectations to fund operations and working capital needs for at least the next twelve months[136]. - Cash flows from operating activities for the six months ended July 31, 2024, provided $3.497 million, an increase from $1.985 million in the same period of 2023[143]. - Cash flows used in investing activities for the six months ended July 31, 2024, were $9.195 million, compared to $14.494 million in the prior year, reflecting a decrease due to the sale of the SumTotal business[145]. Tax and Interest - The effective income tax rate for the three months ended July 31, 2024, was impacted by non-deductible items and foreign rate differentials, resulting in a provision of $(2.056) million, an increase of $167,000 (8.8%) from the prior year[138]. - Interest income increased by $174,000 (20.0%) for the three months ended July 31, 2024, totaling $1.045 million, compared to $871,000 in the same period of 2023[129]. Debt and Obligations - As of July 31, 2024, the total contractual obligations amount to $602.9 million, including $591.4 million in term loan facilities and $11.5 million in operating leases[147]. - A hypothetical 100 basis point increase in interest rates would result in approximately $3.3 million additional pre-tax interest expense annually[164]. - The company has entered into two fixed-rate interest rate swap agreements to convert $300.0 million of variable rate debt to a fixed rate[164]. Revenue Recognition - The company recognizes revenue from cloud-based solutions on a straight-line basis over the contract term, typically ranging from one to three years[153]. - Revenue from virtual, on-demand, and classroom training is recognized in the period services are rendered[154]. Other Financial Metrics - Other income (expense), net improved by $516,000 (55.2%) for the three months ended July 31, 2024, resulting in a loss of $418,000 compared to a loss of $934,000 in the prior year[129]. - A share repurchase authorization for up to $10 million of Class A common stock was approved on July 10, 2024, with no shares repurchased as of July 31, 2024[141]. - The company recorded a gain of $55.9 million from the sale of its SumTotal business, completed on August 15, 2022, after adjustments[134].

Exhibit 99.1 Skillsoft Reports Financial Results for the Second Quarter of Fiscal 2025 ● Delivered strong improvements in Adjusted EBITDA and margin expansion ● Reaffirmed financial outlook for the full fiscal year ● Appointed Executives for our two business units with each fully accountable for contribution margin ● Hosted successful virtual Investor Day, showcasing strategic vision and growth initiatives DENVER – September 9, 2024 – Skillsoft Corp. (NYSE: SKIL) ("Skillsoft" or the "Company"), a leading pl ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth p ...

Skillsoft Corp. (SKIL) shares soared 29% in the last trading session to close at $14.51. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 34.6% loss over the past four weeks. The company is benefiting from a growing content and platform segment, driven by increased expansion bookings and business wins. This company is expected to post quarterly loss of $3.06 per share in its upcoming report, which represents a year-over-year chang ...

NEW YORK, Aug. 26, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Skillsoft Corp. (NYSE: SKIL) on behalf of the company's shareholders. The investigation seeks to determine whether Skillsoft's directors breached their fiduciary duties in connection with recent corporate actions. If you are a shareholder of Skillsoft Corp. and are interested in obtaining additional information regarding your rights and options, free of charge, please visit us at: https://pjlfirm.com/skillsoft ...

Shares of Skillsoft Corp. (SKIL) have gained 7.1% over the past four weeks to close the last trading session at $14.02, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $36.67 indicates a potential upside of 161.6%. The mean estimate comprises three short-term price targets with a standard deviation of $15.28. While the lowest estimate of $20 indicates a 42.7% increase from the c ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth p ...

Skillsoft Corp. (SKIL) shares rallied 18% in the last trading session to close at $18.01. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 23.1% gain over the past four weeks. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements ...

Therefore, the Zacks rating upgrade for Skillsoft basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Most Powerful Force Impacting Stock Prices The upgrade of Skillsoft to a Zack ...

Shares of Skillsoft Corp. (SKIL) have gained 13.5% over the past four weeks to close the last trading session at $10.16, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $36.67 indicates a potential upside of 260.9%. Price, Consensus and EPS Surprise While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decisi ...