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Skillsoft Misses Q2 EPS by 58c

Published 09/07/2022, 04:23 PM
Updated 09/07/2022, 04:35 PM

Skillsoft (SKIL) reported Q2 EPS of ($0.74), $0.58 worse than the analyst estimate of ($0.16). Revenue for the quarter came in at $140.6 million versus the consensus estimate of $183.86 million.

Outlook Commentary:

We are revising our outlook ranges to reflect the sale of SumTotal, foreign exchange impact, lower fundamentals primarily due to the performance of our transactional Global Knowledge business, and some macro-economic uncertainty.

Full Year Fiscal 2023 Outlook2 ($ in millions)

Previous
Outlook

SumTotal
Impact

Foreign
Exchange
Impact

Lower
Fundamentals

Updated
Outlook

Bookings

$790 to $825

($127)

($15)

($70)

$580 to $615

Adjusted Revenue

$765 to $790

($123)

($15)

($70)

$545 to $580

Adjusted EBITDA

~ $167

($37)

($4)

($20)

$105 to $125

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