Overview

* Skillsoft ( SKIL ) fiscal Q2 revenue declines 3% yr/yr to $129 mln

* Adjusted EBITDA largely flat yr/yr, but beats analysts' expectations

* GAAP net loss narrows to $24 mln, but falls short of analysts' estimate

Outlook

* Skillsoft ( SKIL ) revises full-year revenue guidance to $510 mln - $530 mln

* Company expects full-year adjusted EBITDA of $112 mln - $118 mln

* Economic uncertainty impacts discretionary spending on live training

* Skillsoft ( SKIL ) to announce AI-based products in September

Result Drivers

* TDS STABILITY - Talent Development Solutions segment revenue remained flat, marking the fourth consecutive quarter of growth in enterprise solutions

* LIVE TRAINING WEAKNESS - Economic uncertainty led to weaker discretionary demand for live training, impacting overall revenue

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $129 mln

Revenue

Q2 EPS -$2.78

Q2 Net Miss -$24 mln -$17.60

Income mln (1

Analyst)

Q2 Beat $28 mln $25.10

Adjusted mln (1

EBITDA Analyst)

Analyst Coverage

* The one available analyst rating on the shares is "hold"

* The average consensus recommendation for the professional & business education peer group is "buy."

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)