Skillsoft (SKIL) Reports Loss of $0.28

Skillsoft (NYSE: SKIL) reported Q2 EPS of ($0.28) and revenue of $57.9 million for the succeeding company from June 12-July 31.

• 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%;
• GAAP3 revenue for the reported period was $106 million and GAAP net loss was $49 million;
• Adjusted revenue of $176 million grew 5% and adjusted EBITDA of $43 million grew 2%;
• 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.

The company also raised full-year guidance.

For earnings history and earnings-related data on Skillsoft (SKIL) click here.

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