Skillsoft Hosts Virtual Investor Day and Provides Strategic and Financial Outlook Update
Outlines value creation strategy and priorities
Updates FY2025 outlook and provides mid- and long-term targets for profitable growth
Announces
“We are moving swiftly and deliberately to execute a strategy that will focus Skillsoft on the significant and growing market opportunity. This plan is designed to deliver immediate and sustained value creation,” said
Financial Outlook Update
The Company is updating its financial outlook for the fiscal year ending
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Prior Outlook |
Current Outlook |
Revenue |
|
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Adjusted EBITDA(1) |
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In addition, the Company is providing the following mid- and long-term financial targets:
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Mid-term Target |
Long-term Target |
Revenue Growth (YoY %) |
5% - 7% |
10%+ |
Adjusted EBITDA Margin (% of Revenue)(1) |
23% - 25% |
28% - 30% |
(1) See “Non-GAAP Financial Measures” below for more information regarding the fact that the Company is unable to reconcile forward-looking non-GAAP measures without unreasonable efforts.
Share Repurchase Authorization
The Company also announced today that its Board of Directors has authorized and approved a share repurchase program for up to
Investor Day Event Overview
During today’s event, members of the leadership team will share details on Skillsoft’s transformation framework, strategic priorities, and growth initiatives that are underway to position the Company to succeed, including presentations from:
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Ron Hovsepian , Executive Chairman; -
Apratim Purakayastha , General Manager – Talent Development Solutions; -
Darren Bance , General Manager –Global Knowledge ; -
Matthew Glitzer , Chief Revenue Officer; and, -
Richard Walker , Chief Financial Officer.
Webcast Information
Skillsoft’s Investor Day will be broadcast via live webcast through the Company’s Investor Relations website at https://investor.skillsoft.com, beginning today at
Click here to register for the event and to attend the live webcast.
About Skillsoft
Skillsoft (NYSE: SKIL) delivers transformative learning experiences that propel organizations and people to grow together. The Company partners with enterprise organizations and serves a global community of learners to prepare today’s employees for tomorrow’s economy. With Skillsoft, customers gain access to blended, multimodal learning experiences that do more than build skills, they grow a more capable, adaptive, and engaged workforce. Through a portfolio of best-in-class content, a platform that is personalized and connected to customer needs, world-class tech and a broad ecosystem of partners, Skillsoft drives continuous growth and performance for employees and their organizations by overcoming critical skill gaps and unlocking human potential.
Non-GAAP Financial Measures
We track the non-GAAP financial measures that we believe are key financial measures of our success. Non-GAAP measures are frequently used by securities analysts, investors, and other interested parties in their evaluation of companies comparable to us, many of which present non-GAAP measures when reporting their results. These measures can be useful in evaluating our performance against our peer companies because we believe the measures provide users with valuable insight into key components of
We do not reconcile our forward-looking non-GAAP financial measures to the corresponding
Cautionary Notes Regarding Forward Looking Statements
This document includes statements that are, or may be deemed to be, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created by those laws. All statements, other than statements of historical facts, that address activities, events or developments that we expect or anticipate may occur in the future, including such things as our outlook (including revenue, adjusted EBITDA, and free cash flow), our product development and planning, our sales pipeline, future capital expenditures, share repurchases, financial results, the impact of regulatory changes, existing and evolving business strategies and acquisitions and dispositions, demand for our services, competitive strengths, the benefits of new initiatives, growth of our business and operations, and our ability to successfully implement our plans, strategies, objectives, expectations and intentions are forward-looking statements. Also, when we use words such as “may”, “will”, “would”, “anticipate”, “believe”, “estimate”, “expect”, “intend”, “plan”, “project”, “forecast”, “seek”, “outlook”, “target”, “goal”, “probably”, or similar expressions, we are making forward-looking statements. Such statements are based upon the current beliefs and expectations of Skillsoft’s management and are subject to significant risks and uncertainties. All forward-looking disclosure is speculative by its nature, and we caution you against unduly relying on these forward-looking statements.
Factors that could cause or contribute to such differences include those described under “Part I - Item 1A. Risk Factors” in our Form 10 K for the fiscal year ended
Although we believe that the assumptions underlying our forward-looking statements are reasonable, any of these assumptions, and therefore also the forward-looking statements based on these assumptions, could themselves prove to be inaccurate. Given the significant uncertainties inherent in the forward-looking statements included in this document, our inclusion of this information is not a representation or guarantee by us that our objectives and plans will be achieved. Annualized, pro forma, projected and estimated numbers are used for illustrative purposes only, are not forecasts and may not reflect actual results. Additionally, statements as to market share, industry data and our market position are based on the most current data available to us and our estimates regarding market position or other industry data included in this document or otherwise discussed by us involve risks and uncertainties and are subject to change based on various factors, including as set forth above.
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Investors
chad.lyne@skillsoft.com
Media
cameron.martin@skillsoft.com
Source: Skillsoft