Skillsoft (SKIL) Q3 2025 Earnings Call Transcript

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Tuesday, Dec. 10, 2024 astatine 5 p.m. ET

• Executive Chair and Chief Executive Officer — Ron Hovsepian

• Chief Financial Officer — Richard Walker

• Vice President, Investor Relations — Stephen Poe

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Stephen Poe: Thank you, operator. Good day, and convey you for joining america to sermon our results for the 3rd 4th ended October 31, 2024. Before we leap in, I privation to punctual you that today's telephone volition incorporate forward-looking statements astir the company's concern outlook and our expectations, including statements concerning fiscal and concern trends, our expected aboriginal concern and fiscal performance, fiscal condition, and marketplace outlook. These forward-looking statements and each statements that are not humanities facts bespeak management's existent beliefs and expectations arsenic of contiguous and truthful are taxable to risks and uncertainties that could origin existent results to disagree materially.

For treatment of the worldly risks and different important factors that could impact our existent results, we notation you to our astir caller Form 10-K filing with the Securities and Exchange Commission. We presume nary work to update immoderate forward-looking statements oregon accusation which talk arsenic of their respective dates. During the call, unless different noted, each fiscal metrics we sermon volition beryllium non-GAAP fiscal measures, which are not prepared successful accordance with mostly accepted accounting principles.

A reconciliation of the non-GAAP fiscal measures included successful today's commentary to the astir straight comparable GAAP fiscal measures, arsenic good arsenic however we specify these metrics is included successful our net property release, which has been furnished to the SEC and is besides disposable connected our website astatine www.skillsoft.com. Following today's prepared remarks, Ron Hovsepian, Skillsoft's Executive Chair and Chief Executive Officer, and Rich Walker, Skillsoft's Chief Financial Officer volition beryllium disposable for Q&A. With that, it's my pleasance to crook the telephone implicit to Ron.

Ron Hovsepian: Thanks, Stephen. Good day and convey you for joining us. I americium pleased with our fiscal 3rd 4th results, which show the existent advancement we are making connected the translation program we laid retired earlier this year. As a reminder, our translation strategy focuses connected 2 cardinal principles: hole the basics and put to grow. Fix the basics aims to amended operational execution for maturation and borderline expansion. Invest to turn reallocates resources strategically to execute supra marketplace maturation rates.