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Skillcast Group Plc ( (GB:SKL) ) has issued an update.
Skillcast Group Plc has reported a significant growth in its annual revenues for 2024, driven primarily by a 29% increase in recurring subscription revenues, contributing to an 18% overall revenue rise to approximately £13.3 million. The company’s annual recurring revenue (ARR) grew by 25%, positioning it strongly for future growth, with a return to profitability and an expected EBITDA of around £0.5 million for the year. The company’s continued investment following its IPO in 2021 has doubled the size of its recurring subscription business, with plans to further enhance growth through innovative product releases like its AI digital learning assistant, Aida.
More about Skillcast Group Plc
Skillcast Group Plc operates in the compliance and e-learning industry, providing SaaS compliance software and off-the-shelf e-learning solutions. The company focuses on helping organizations build ethical, inclusive, and resilient workplaces by digitizing and streamlining compliance processes through a comprehensive suite of products, including a learning management system, compliance course libraries, and various compliance management tools.
YTD Price Performance: -1.19%
Average Trading Volume: 42,646
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £37.13M
For an in-depth examination of SKL stock, go to TipRanks’ Stock Analysis page.