Q2 2025 Skillsoft Corp Earnings Call Transcript
Key Points
- Skillsoft Corp (SKIL) delivered total company revenue in line with expectations for the quarter.
- The company has fully operationalized its new business unit structure, which is driving improved outcomes.
- Skillsoft Corp (SKIL) has hired key positions, including a Chief Transformation Officer, Chief Analytics Officer, and Senior Vice President of Sales, to strengthen operational execution.
- The company reported improved adjusted EBITDA and margin expansion year over year.
- Skillsoft Corp (SKIL) reaffirmed its full-year guidance, indicating confidence in its strategic initiatives.
- Total company revenue of $132 million was down 6% year-over-year.
- Global Knowledge segment revenue was down 20% year-over-year, impacted by weaker demand trends.
- The LTM dollar retention rate decreased to approximately 98% from 101% in the prior year, driven by budget constraints at some public sector customers.
- GAAP net loss increased to $40 million compared to $32 million in the prior year.
- Free cash flow for the full year is expected to be approximately negative $15 million, inclusive of restructuring charges.
Thank you for standing by, and welcome to SkillSoft second quarter fiscal 2025 results conference call. (Operator Instructions) Please note that today's call is being recorded. I will now hand the call over to your first speaker, Stephen Poe, Investor Relations. Thank you. Please go ahead.
Thank you, operator. Good day, and thank you for joining us to discuss our results for the second quarter ended July 31, 2024. Before we jump in, I want to remind you that today's call will contain forward-looking statements about the company's business outlook and expectations, including statements concerning financial and business trends, our expected future business and financial performance, financial condition and market outlook.
These forward-looking statements and all statements that are not historical facts reflect management's current beliefs and expectations as of today, and therefore, are subject to risks and uncertainties that could cause actual results to differ materially.
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