Skillsoft Corp.

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.

Skillsoft Corp. reported a net loss of $43.114 million for the first quarter of fiscal year 2027, an increase from a net loss of $38.049 million in the prior year period. Total revenues decreased to $94.498 million from $99.148 million year-over-year. The company also announced its commitment to sell its Global Knowledge (GK) segment, which will be presented as discontinued operations. This strategic move aims to streamline operations and focus on the Talent Development Solutions (TDS) segment.

Skillsoft Corp. announced it has entered into a definitive agreement to sell its Global Knowledge instructor-led training business to EHJob GP LLC, an affiliate of Enduring Ventures. The transaction involves an initial consideration of $10 million and deferred consideration of $10 million, with expected net proceeds of $5 million to $8 million over two years. This strategic divestment aims to sharpen Skillsoft's focus on its AI-native skills management platform, streamline operations, and is expected to be immediately accretive to growth rates, earnings, and cash flow. The deal is anticipated to close in the second fiscal quarter, pending regulatory approvals.

Skillsoft Corp. announced the appointment of Ronald Kisling as its new Chief Financial Officer, effective May 20, 2026. Mr. Kisling brings over 40 years of finance experience, including CFO roles at Fastly and Fitbit. Concurrently, John Frederick retired as CFO and will serve as an advisor during the transition period. Kisling's compensation package includes a $500,000 annual base salary, a 75% target annual bonus, a $200,000 signing bonus, and significant equity grants. This leadership change occurs as Skillsoft begins its next phase of transformation following the sale of its Global Knowledge business.

Skillsoft Corp. announced its 2026 Annual Meeting of Stockholders will be held virtually on Thursday, June 25, 2026, at 3:00 p.m. Eastern Time. Stockholders of record as of May 4, 2026, are invited to vote on several key proposals. These include the election of three Class II directors, an advisory vote on executive compensation, and the approval of an amendment to the 2020 Omnibus Incentive Plan to increase the number of shares available for issuance. Additionally, stockholders will ratify the appointment of Ernst & Young LLP as the independent auditor and vote on a proposal to adjourn the meeting if needed.

Skillsoft Corp. (SKIL) has filed its annual report on Form 10-K with the SEC for the fiscal year ended January 31, 2026, on April 7, 2026. The filing confirms the company's status as an Accelerated Filer and a Smaller Reporting Company. This routine regulatory submission indicates Skillsoft's compliance with SEC reporting requirements, including the timely submission of all required reports and interactive data files, as well as an attestation regarding the effectiveness of its internal controls over financial reporting. Investors typically review the full 10-K for detailed financial performance, risk factors, and strategic outlook, which are not present in this cover page.

Skillsoft Corp. (SKIL) announced on April 7, 2026, the release of its financial results for the fiscal quarter and year ended January 31, 2026. The company issued a press release detailing these results, which was furnished as Exhibit 99.1 to its 8-K filing. Additionally, an earnings supplement presentation was made available on the company's investor relations website. This announcement provides institutional investors with access to the latest financial performance data for the company's most recent fiscal period, enabling a comprehensive review of its operational and financial health.