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Financial Data and Key Metrics Changes - Content and platform revenue was $98 million, roughly flat year-over-year, impacted by tighter budgets and softer consumer subscription performance [9] - Total revenue was $128 million, down 6% year-over-year, with adjusted EBITDA at $19 million or 15% of revenue compared to $22 million or 16% in the prior year [43][44] - General and administrative expenses increased by 10% year-over-year to $20 million, while total operating expenses were $109 million, down 4% year-over-year [10][11] Business Line Data and Key Metrics Changes - Instructor-led training revenue decreased by 20% year-over-year to $30 million, influenced by the exit from the apprenticeship business in the UK [9] - The long-term dollar retention rate was approximately 99%, down from 101% in Q1 of the previous year [9] Market Data and Key Metrics Changes - The instructor-led training market is growing globally, but Skillsoft's performance in this segment has been challenged [16][68] - The company is seeing good expansion in selected Asian markets, while Europe continues to show positive growth [74] Company Strategy and Development Direction - The company is evolving its strategy to strengthen operational foundations and improve execution, focusing on a dual business unit structure [5][6] - Skillsoft aims to leverage its unique digital capabilities and interactive learning experiences to capture growth in the individual learner market [16] - The company is committed to enhancing its leadership position in a fragmented industry by offering an end-to-end interactive learning solution [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment in the first quarter results but remains confident in the long-term market opportunity [20] - The company is addressing operational challenges and expects improvements in performance in the coming quarters [20][90] - Management highlighted the importance of adapting to a skill-centric economy driven by technological advancements like generative AI [7] Other Important Information - Cash flow from operations was $15 million, with positive free cash flow of $10 million in the quarter [22] - The company maintains a solid balance sheet with cash and cash equivalents of $150 million, up from $147 million in the previous quarter [45] Q&A Session Summary Question: Concerns about restructuring and full-year outlook - Management acknowledged the need for operational discipline and execution focus, expressing confidence in achieving full-year guidance despite a softer start [25][27] Question: Impact of enterprise renewal rates and specific industries - Management noted that while there are pressures, they do not see significant changes across industry verticals, with some softness observed [33][40] Question: Challenges in the instructor-led training business - Management indicated that execution issues are primarily responsible for the challenges, with confidence in fixing these operational matters quickly [55][68] Question: Geographic performance and market share - Management reported no significant geographic divergence affecting performance, with positive growth in selected Asian markets [74] Question: Engagement metrics and user outcomes - Management emphasized the importance of measuring outcomes rather than just usage, aligning with customer expectations for retention and career mobility [81][85]

Skillsoft Corp. (SKIL) came out with a quarterly loss of $3.42 per share versus the Zacks Consensus Estimate of a loss of $4. This compares to loss of $3.60 per share a year ago. These figures are adjusted for non-recurring items. What's Next for Skillsoft? Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impres ...

Cautionary Notes Regarding Forward Looking Statements Factors that could cause or contribute to such differences include those described under "Part I - Item 1A. Risk Factors" in our Form 10-K for the fiscal year ended January 31, 2024. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements included in our other periodic filings with the Securities and Exchange Commission. The forward-looking statements contained in this document represent ...

Skillsoft Corp. (Exact name of registrant as specified in its charter) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38960 Indicate by check mark whether the registra ...

Exhibit 99.1 Skillsoft Reports Financial Results for the First Quarter of Fiscal 2025 DENVER – June 10, 2024 – Skillsoft Corp. (NYSE: SKIL) ("Skillsoft" or the "Company"), a leading platform for transformative learning experiences, today announced its financial results for the first quarter of fiscal 2025 ended April 30, 2024. "Since rejoining Skillsoft in a full-time executive capacity in mid-April, I have gained greater confidence in Skillsoft's market opportunity and our unique ability to deliver transfo ...

Skillsoft Corp. (SKIL) closed the last trading session at $9.20, gaining 9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $45.33 indicates a 392.7% upside potential.The mean estimate comprises three short-term price targets with a standard deviation of $18.58. While the lowest estimate of $30 indicates a 226.1% increase from the current price level, the most optimistic analyst ex ...

• Instructor-Led Training segment Q4 LTM Bookings of $178M, down 10% YoY • Total Q4 LTM Bookings of $596M, reflecting a YoY decline of 2% skillsoft. 2% YoY growth in Content & Platform segment LTM Bookings was offset by 10% contraction in InstructorLed Training segment LTM Bookings $407.5 $410.1 $404.2 $408.6 $413.0 ▲1% YoY $418.7 ▲2% YoY $419.7 ▲4% YoY $417.5 ▲2% YoY $240.4 $223.4 $209.5 $198.6 $186.8 ▼22% YoY $186.4 ▼17% YoY $184.6 ▼12% YoY$178.1 ▼10% YoY $647.9 $633.4 $613.7 $607.1 $599.8 ▼7% YoY $605.1 ...

Financial Data and Key Metrics Changes - The company reported full-year adjusted EBITDA of $105.1 million, exceeding the top end of guidance, with a 19% adjusted EBITDA margin, attributed to disciplined expense management despite falling short on bookings and revenue [11][24] - Total revenue for the fourth quarter was $138 million, a decline of 2% year-over-year, with growth in the content and platform segment offset by contraction in the instructor-led training segment [82] - The company generated positive free cash flow of $5 million in the fourth quarter, improving from $1 million in the prior year [20][82] Business Line Data and Key Metrics Changes - Revenue from the content and platform segment was $405 million, growing $12 million or 3% year-over-year, while instructor-led training revenue declined by $22 million or 13% year-over-year to $148 million [18][39] - Bookings in the instructor-led training segment were $178 million, down $20 million or 10% year-over-year, contributing to total bookings of $596 million, which was down 2% year-over-year [17][39] - The content and platform segment achieved a dollar retention rate of 101%, while enterprise skills champions, representing 60% of annual recurring revenue, had a dollar retention rate of 105% [12][44] Market Data and Key Metrics Changes - In Europe, IT budgets and training priorities shifted, leading to aggressive price competition among market participants [13] - The company noted that larger, complex organizations are continuing to invest in skills development, while smaller customers are more price-sensitive and have lower retention rates [54][60] Company Strategy and Development Direction - The company is focused on transitioning to a skill-centric economy, leveraging generative AI to enhance its offerings and support enterprise skills champions [9][26] - Strategic priorities include maintaining pricing and margin discipline while investing in generative AI opportunities [13][48] - The company plans to enhance segment-level disclosures to provide better insights into profitability metrics [24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about fiscal 2025, expecting total revenue between $530 million and $550 million, with growth in the content and platform segment expected to offset declines in the instructor-led training segment [22][23] - The company anticipates a cautious approach due to ongoing market conditions affecting the instructor-led training segment, with expectations for improved performance in the second half of fiscal 2025 [49][50] Other Important Information - The company recorded a GAAP net loss of $349 million, primarily due to a non-cash impairment charge of $202 million for goodwill and intangible assets [46] - The leadership transition was announced, with Ron Hovsepian stepping into the role of Executive Chair and Principal Executive Officer, succeeding Jeff Tarr [32][34] Q&A Session Summary Question: How has the overall corporate spending environment looked like for enterprise learning? - Management noted that larger organizations are making investments, but sales cycles are elongating, which presents challenges [27][28] Question: Is the lower end of the market expected to stabilize? - Management indicated that while the lower end of the market is facing price pressure, they are focused on retaining and growing the enterprise skills champion segment [54][60] Question: What is the outlook for the instructor-led training segment? - Management acknowledged that the instructor-led training segment has not performed as expected and emphasized the need for operational improvements [71][72]

The following discussion of the financial condition and results of operations of Skillsoft ("Skillsoft", "we", "us", "our" and the "Company") should be read in conjunction with Skillsoft's audited consolidated financial statements and the accompanying notes appearing elsewhere in this Annual Report. This discussion may contain forward-looking statements based upon current expectations that involve risks and uncertainties. Skillsoft's actual results may dif er materially from those anticipated in these forwa ...