Introduction of New CFO and CMO
The company appointed John Frederick as the new CFO and Raianne Reiss as the new Chief Marketing Officer to strengthen leadership and drive the company’s strategic plan.
Continued Growth in TDS Segment
The Talent Development Solutions (TDS) segment reported a revenue of $99.1 million, up 1% year-over-year, marking three consecutive quarters of growth.
Strong Cash Flow Generation
The company generated $31.3 million of cash flow from operations and $26.2 million in free cash flow, an improvement of $15.8 million compared to the previous year.
Positive Adjusted EBITDA Growth
Adjusted EBITDA grew to $22.1 million or 17.8% of revenue, up from $18.9 million or 14.8% of revenue in the prior year.
Expansion of AI and Certification Offerings
Skillsoft expanded its product offerings, including AI capabilities and a certification dashboard, to enhance learner experience and skill tracking.