|Over a month ago|
Fly Intel: After-Hours Movers » 18:3812/0612/06/22
MDB, GWRE, CASY, SWBI, SKIL, ZUO, HQY, PLAY, AVAV, SFIX, TOL, NBIX
Check out this evening's…
Skillsoft cuts FY23 revenue view to $520M-$550M, consensus $566.9M » 16:2612/0612/06/22
Prior view was…
Prior view was $545M-$580M. Affirms FY23 adjusted EBITDA view at $105M-$125M
Skillsoft reports Q3 EPS ($3.54) vs. (32c) last year » 16:1112/0612/06/22
Reports Q3 revenue…
Reports Q3 revenue $139.4M vs. $140.2M last year. "Q3 results were in-line with our expectations, and we reaffirmed our full year guidance as we continue to be on track for strong bookings and revenue in Q4 which is our largest quarter of the year," said Jeffrey R. Tarr, Skillsoft's CEO. "I'm also pleased that we were able to grow our Global Knowledge segment bookings sequentially in the quarter and sustain double digit revenue growth in our Codecademy business."
|Over a quarter ago|
Skillsoft price target lowered to $4.50 from $13.50 at Citi » 09:0610/1210/12/22
Citi analyst Thomas…
Citi analyst Thomas Singlehurst lowered the firm's price target on Skillsoft to $4.50 from $13.50 and keeps a Buy rating on the shares. The analyst reduced estimates to reflect the "dilutive disposal" of SumTotal as well as the recent reset to guidance for GK. While some of the weakness in the shares seen recently is justified, the scale of the move "seems extreme," Singlehurst tells investors in a research note.
Skillsoft affirms FY23 guidance » 07:5410/1110/11/22
As part of its CFO…
As part of its CFO transition announcement earlier, the company states: "Skillsoft also reaffirmed its full year fiscal 2023 outlook, originally provided on September 7, 2022 and noted that its CFO transition is unrelated to the Company's financial results, operational performance, financial reporting or accounting practices."
Skillsoft announces appointment of Richard Walker as CFO » 07:3610/1110/11/22
Skillsoft announced that…
Skillsoft announced that it has appointed Richard Walker, Skillsoft's current Chief Corporate Strategy and Development Officer, as Chief Financial Officer, effective October 28 . Gary Ferrera, Skillsoft's current CFO, is stepping down to pursue personal interests and will remain with the Company through December 2022 to ensure a smooth transition. Following the transition, Mr. Walker will maintain his corporate strategy and development responsibilities, thereby streamlining the Company's executive leadership team and creating a more focused organizational structure.
Skillsoft price target lowered to $3 from $7 at DA Davidson » 10:0409/0809/08/22
DA Davidson analyst…
DA Davidson analyst Robert Simmons lowered the firm's price target on Skillsoft to $3 from $7 and keeps a Buy rating on the shares. Skillsoft reported a quarter of significant Global Knowledge struggles as two large partners considerably reduced their training subsidies to clients, Simmons tells investors in a research note. At the same time, the higher margin Content business continued to perform reasonably well, with a strong pipeline building for Q4, the analyst adds.
Skillsoft authorizes up to $30M share buyback » 16:1809/0709/07/22
Skillsoft said its Board…
Skillsoft said its Board of Directors has authorized Skillsoft to repurchase up to $30 million of its Class A common stock. Under the program, Skillsoft may purchase shares in the open market, in private negotiated transactions, or by other means from time to time. The timing and amount of any shares purchased will be based upon a variety of factors, including the share price of Class A common stock, general market conditions, alternative uses for capital, Skillsoft's financial performance, and other considerations. The share repurchase program does not obligate Skillsoft to purchase any minimum number of shares, and the program may be suspended, modified, or discontinued at any time without prior notice.
Skillsoft cuts FY23 revenue view to $545M-$580M from $765M-$790M » 16:1809/0709/07/22
Consensus $771.62M. Cuts…
Consensus $771.62M. Cuts FY23 adjusted EBITDA view to $105M-$125M from roughly $167M.
Skillsoft reports Q2 EPS (74c), consensus (16c) » 16:1709/0709/07/22
Reports Q2 revenue…
Reports Q2 revenue $140.6M, consensus $184.63M. "I am pleased to report our fifth consecutive quarter of Skillsoft subscription content bookings growth," said Jeffrey R. Tarr, Skillsoft's Chief Executive Officer. "I'm also pleased the board of directors authorized a share repurchase which reflects the strength of our balance sheet and cash flows along with confidence in our strategy and expectations for the business. We believe acquiring Skillsoft equity is the best use of capital available to us at this time."