Stock of the Day

June 27, 2024

Skillsoft (SKIL)

$5.84
+$0.17 (+3.0%)
Market Cap: $51.60M

About Skillsoft

Skillsoft Corp. provides content and platform and instructor-led training services in the United States and internationally. The company's Content & Platform segment engages in the sale, marketing, and delivery of its content learning solutions in areas, such as leadership and business, technology and developer, and compliance comprising individualized coaching, as well as technical skill areas. This segment also offers Percipio, an AI-driven online learning platform that delivers a learning experience through SaaS solutions. Its Instructor-Led Training segment provides training solutions, including information technology and business skills for corporations and their employees by guiding its customers throughout their lifelong technology learning journey by offering relevant and up-to-date skills training through instructor-led and self-paced, vendor certified, and other proprietary offerings. The company markets and sells their offerings to businesses of many sizes, government agencies, educational institutions, and resellers. Skillsoft Corp. is headquartered in Greenwood Village, Colorado.

Today's Trend

Skillsoft Corp. (NYSE: SKIL) shares declined after the company’s fiscal 2027 second-quarter results included a reduced full-year revenue outlook, overshadowing an earnings beat and continued growth in its AI offerings.

  • Skillsoft reported quarterly earnings of $1.17 per share, above the $0.83 analyst consensus and up from $0.92 a year earlier. Skillsoft Corp. Beats Q2 Earnings Estimates
  • The company maintained its fiscal 2027 adjusted EBITDA guidance of $108 million to $116 million and free cash flow outlook of $14 million to $22 million, providing some support for its profitability and cash-generation plans. Skillsoft Reports Financial Results for the Second Quarter of Fiscal 2027
  • Skillsoft said CAISY learner growth reached 23% year over year, while the number of organizations using the AI platform increased 9%. Management is also targeting $5 million in platform bookings by the end of fiscal 2027.
  • Second-quarter revenue was $98.25 million, slightly below the $99 million analyst estimate and down 3% from the prior-year period. Skillsoft also completed the sale of its Global Knowledge business in July, making year-over-year comparisons less straightforward. Skillsoft Q2 2027 Earnings Call Transcript
  • Skillsoft cut fiscal 2027 revenue guidance to $380 million-$390 million from $388 million-$406 million, below the roughly $397.9 million consensus estimate. The outlook reduction was the primary catalyst for the stock’s decline. Skillsoft Cuts Revenue Outlook
  • Despite the reported EPS beat, Skillsoft posted a $42.4 million net loss, including $27.4 million from discontinued operations, while revenue remains under pressure. Investors are therefore focusing more on the weaker sales outlook than on the headline earnings beat. Skillsoft Shares Fall on Outlook Cut
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