Skillsoft increases guidelines for the full year and reports excellent financial results for the second quarter of fiscal year 2022

GreenPower reports the financial results for the fourth quarter of 2021

Mr. Tarr added, “We see substantial opportunity to extend our leadership in the rapidly expanding and highly fragmented corporate learning industry as we innovate and invest in growth. Our new leadership team is executing well against our strategic priorities, and we are well-positioned to create significant value for our customers, shareholders and other stakeholders.”

“We are pleased with Skillsoft’s strong performance during our initial quarter as a public company,” said Jeffrey R. Tarr, Skillsoft’s Chief Executive Officer. “We delivered double-digit bookings growth, won multiple new blue-chip customers, and acquired fast-growing digital coaching platform Pluma, enabling us to offer an on-demand, executive-quality leadership development solution to our customers, which include approximately 70% of the Fortune 1000.”

Highlights

  • Strong bookings growth across all three business segments, with Content up 9%, Global Knowledge up 30% and SumTotal up 15%; bookings in Content and Global Knowledge combined were up 19%, and total bookings were up 18%;


  • Fiscal 2022 Second Quarter Financial Highlights2

Adjusted revenue of $176 million grew 5% and adjusted EBITDA of $43 million grew 2%;

GAAP3 revenue for the reported period was $106 million and GAAP net loss was $49 million;

Combined Percipio and dual deployment dollar retention rate of 103% compared to 102%; and

Refinanced long-term debt, reducing annual cash interest expense by approximately $25 million.

Updated Full Year Fiscal 2022 Outlook

 

Updated Outlook

Previous Outlook

Bookings

$690 million to $710 million

$670 million to $690 million

$645 million to $675 million

Adjusted Revenue

$660 million to $690 million