Inage from Skillsoft’s Facebook page

Corporate digital learning company Skillsoft has reported a net loss of $21.6 million for the first quarter of its 2023 fiscal year ending 30 April 2022. This compares to a net loss of $37.4 reported for the first quarter of its 2022 fiscal year.

The Nashua, New Hampshire-based company revenue for the quarter was $163.9 million, up from revenue of £91.7 million reported for Q1 2022.

Jeffrey R Tarr, Skillsoft’s chief executive, said: “We reported Q1 results above expectations due to strong Skillsoft content segment bookings growth of 22%. I’m pleased that we’ve delivered four consecutive quarters of adjusted revenue growth since returning the company to public markets a year ago. We also recently completed the first phase of the technical integration of Codecademy into Percipio – our immersive, AI driven learning platform – and are encouraged by our early sales pipeline success.”

Date Published: 10 June 2022

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