04:40 PM EDT, 04/15/2024 (MT Newswires) -- Skillsoft ( SKIL ) reported fiscal Q4 pro forma adjusted net loss Monday of $3.09 per share, narrowing from a net loss of $4.17 a year earlier.

Three analysts polled by Capital IQ expected a loss of $3.04.

Revenue for the quarter ended Jan. 31 was $137.5 million, down from $140.3 million a year earlier. Three analysts surveyed by Capital IQ expected $141.4 million.

For fiscal 2025, the company said it expects GAAP revenue of $530 million to $550 million. Analysts polled by Capital IQ expect $578.5 million.

Separately, the company said that Chief Executive Jeffrey R. Tarr will retire, effective April 16, and Ronald Hovsepian, who was appointed as executive chair, will become the principal executive officer.

Tarr will work with the company in an advisory capacity over the coming weeks, Skillsoft ( SKIL ) added.