DivestmentJun 9, 2026, 04:12 PM
Skillsoft to Divest Global Knowledge Segment; Q1 Revenue $94.5M
AI Summary
Skillsoft Corp. reported its financial results for the first quarter of fiscal 2027, highlighted by an agreement to divest its Global Knowledge segment to focus on its AI-native skills management platform. While revenue decreased by 5% to $94.5 million, the company significantly improved its net loss by 37% to $18.7 million. Skillsoft also saw strong customer growth for its new Percipio® platform and reaffirmed its financial outlook for the full fiscal year 2027.
Key Highlights
- Skillsoft announced an agreement to sell its Global Knowledge segment to an affiliate of Enduring Ventures.
- Q1 Fiscal 2027 revenue was $94.5 million, a 5% decrease from the prior year.
- Net loss improved by 37% to $18.7 million compared to $29.6 million in the prior year.
- Adjusted EBITDA was $27 million, reflecting a margin of 28% of revenue.
- New Percipio® platform customers grew 67% quarter-over-quarter.
- Dollar Retention Rate (DRR) was 105% in Q1 2027, significantly up from 91% in the year-ago period.
- Reiterated full-year fiscal 2027 revenue outlook of $388 million to $406 million.
- Reiterated full-year fiscal 2027 Adjusted EBITDA outlook of $108 million to $116 million.
Price Impact
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