08:06 AM EDT, 07/11/2024 (MT Newswires) -- Skillsoft ( SKIL ) said Thursday it now expects fiscal 2025 revenue of $510 million to $525 million, down from its prior guidance range of $530 million to $550 million.

Three analysts polled by Capital IQ expect $535.9 million.

The company said it plans to implement a resource reallocation plan to save $45 million annually, expected to contribute to positive free cash flow generation in fiscal 2026.

Skillsoft ( SKIL ) also said its board approved an up to $10 million share buyback plan.