Skillsoft Corp. - SKIL STOCK NEWS

Skillsoft (NYSE: SKIL) released research highlighting significant gaps between organizational goals and workforce readiness for 2025. The study, surveying over 2,100 employees across the US, UK, and Germany, reveals that only 48% of workers know their company's strategic goals, with just 40% clear about their role in achieving them. Despite skills gaps being a major business transformation barrier, only 19% of organizations prioritize closing them.

Key findings show that merely 23% of employees feel extremely prepared for future work challenges. Top organizational priorities include improving operational efficiency (48%), increasing revenue (46%), and enhancing customer experience (39%). The research also indicates low satisfaction levels, with only 25% of respondents extremely satisfied with their current roles and 21% with their organization's culture.

Skillsoft (NYSE: SKIL) reported Q3 FY2025 financial results, showing mixed performance. Total revenue reached $137 million, slightly down from $139 million year-over-year. Talent Development Solutions revenue grew 2% to $103 million, while Global Knowledge revenue declined to $34 million.

The company reduced its net loss to $24 million from $28 million in the prior year, with adjusted EBITDA improving to $32 million (23% margin) from $30 million (21% margin). Gross debt decreased by $35 million to $591 million.

Following these results, Skillsoft raised and tightened its FY2025 revenue guidance to $520-530 million, while maintaining its adjusted EBITDA outlook at $105-110 million.

Skillsoft (NYSE: SKIL) has announced it will release its third quarter fiscal 2025 financial results after market close on Tuesday, December 10, 2024. The company will host a conference call and webcast to discuss the results at 5:00 p.m. Eastern Time on the same day. Investors can access the conference call via phone from the US and Canada at (877) 413-9278 or internationally at (215) 268-9914. A live webcast will be available on Skillsoft's Investor Relations page, with a replay accessible for six months.

Skillsoft has released its 2024 IT Skills and Salary Report, based on insights from over 5,100 global IT decision-makers. The report reveals that AI/ML remains the top investment priority (47%) while being the lowest-ranked skillset among team members. 65% of IT decision-makers report skill gaps in their teams, with 72% planning to address them through training. Notably, 94% observed tangible benefits from training, up from 90% last year. The report highlights challenges in hiring cybersecurity talent (38%) and AI/ML specialists (20%). Organizations are focusing on upskilling existing talent, with certified staff bringing at least $25,000 in annual added value according to over one-third of decision-makers.

Skillsoft Global Knowledge has achieved significant recognition, earning 'Partner of the Year' awards from four major technology organizations in 2024. Cisco named them 'Learning Partner of the Year' at their Partner Summit, while Palo Alto Networks awarded them 'Global Authorized Training Partner of the Year'. CompTIA recognized them as 'U.S. Delivery Partner of the Year', and EC-Council honored them with multiple awards, including the 'ATC Enterprise Circle of Excellence Award'.

These accolades recognize Global Knowledge's excellence in delivering technology and cybersecurity training, featuring AI-powered interactive environments and expert-level instruction. The company's commitment to building a technologically skilled workforce and providing comprehensive learning experiences has been highlighted across all awards.

Skillsoft (NYSE: SKIL) has introduced new platform enhancements to help organizations transition to skills-based talent strategies. These improvements, showcased at Skillsoft Perspectives 2024, include:

1. An AI-generated skills taxonomy integrated into the learning platform, providing a standardized framework for aligning skills to various categories.

2. Role Advisor, an AI-powered tool that aligns specific learning experiences with learners' current jobs and career aspirations. Early access customers observed that learners who selected a job role were 14% more likely to make learning a recurring habit.

3. Detailed skill reports allowing organizations to export learning data and filter learning activity by skill, driving strategic workforce planning and talent development efforts.

These enhancements aim to streamline talent management, deliver personalized learning experiences, and provide robust reporting tools for identifying talent development trends.

Skillsoft (NYSE: SKIL) has unveiled innovative features to enhance learning experiences, focusing on certification management and generative AI (GenAI) technologies. The new Certification Paths streamline the process for earning certifications from top providers, offering a single platform for discovery, preparation, and tracking. This addresses the high value of certifications, with executives valuing them at $20,000 or more per employee annually.

Leveraging GenAI, Skillsoft introduces:

• Smart Content Discovery with AI Assistant for tailored recommendations
• AI-Assisted Search for clarifying queries
• Personalized AI Coaching Guide
• AI Learning Assistant for Codecademy courses

These enhancements aim to create more personalized, efficient learning journeys, addressing the challenge that 25% of workers face in finding relevant training experiences.

Skillsoft's recent research reveals significant skills gaps and confidence issues among employees. Key findings include:

- 35% of respondents lack confidence in their skills for job success
- 41% worry about job security due to skill gaps
- Leadership and AI/machine learning skills are the biggest gaps
- Only 25% find their organization's talent development programs highly effective
- 95% of organizations have talent development programs, but face obstacles like lack of time, formats, and leadership support

Employees seek blended learning approaches, including online courses, interactive experiences, and live training. The research highlights the need for organizations to adopt holistic, interactive learning solutions to address skills gaps, especially in AI and leadership.

Skillsoft Corp. (NYSE: SKIL) reported financial results for Q2 FY2025 ended July 31, 2024. Key highlights include:

- Talent Development Solutions revenue of $102 million, down 1% YoY
- Total revenue of $132 million, down 6% YoY
- Net loss of $40 million, compared to $32 million loss in prior year
- Adjusted EBITDA of $28 million, 21% margin, up from $25 million and 18% margin YoY
- Cash position of $130 million at quarter-end

The company reaffirmed its FY2025 outlook with revenue projected at $510-$525 million and Adjusted EBITDA at $105-$110 million. Skillsoft also highlighted partnerships with Microsoft for GenAI upskilling programs and launched a reimagined AI-driven learning platform.