Skillsoft Corp. (NYSE:SKIL) Q4 2022 Earnings Conference Call April 12, 2023 5:00 AM ET

Company Participants

Chad Lyne - Head of Investor Relations

Jeff Tarr - Chief Executive Officer

Rich Walker - Chief Financial Officer

Conference Call Participants

Sheldon McMeans - Barclays

Robert Simmons - D.A. Davidson

Rajiv Sharma - B. Riley Securities

Ken Wang - Oppenheimer

Operator

Greetings, and welcome to the Skillsoft Fourth Quarter 2023 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the presentation. [Operator Instructions] Please note that this conference is being recorded.

I will now turn the conference over to our host, Chad Lyne, Head of Investor Relations at Skillsoft. Thank you. You may begin.

Chad Lyne

Thank you, operator. Good afternoon and thank you for joining us today for Skillsoft's earnings call to discuss our fourth quarter and full year financial results for the fiscal year ended January 31, 2023. By way of quick introduction for those I have not had the pleasure of speaking with already, my name is Chad Lyne, and SVP of Strategic Finance and Skillsoft's Head of Investor Relations.

Participating on today's call are Jeff Tarr, Skillsoft's Chief Executive Officer; and Rich Walker, Skillsoft's Chief Financial Officer. Today after market close, Skillsoft issued a press release announcing its financial results. As a reminder, today's earnings release is available on Skillsoft's Investor Relations website.

Before I hand the call over to Jeff, I want to remind you that today's call will contain forward-looking statements about the company's business outlook and expectations, including statements concerning financial and business trends, our expected future business and financial performance, financial condition and outlook. These forward-looking statements and all statements that are not historical facts reflect management's current beliefs and expectations as of today, and therefore are subject to risks and uncertainties that could cause actual results to differ materially from expectations. For a discussion of the material risks and other important factors that could affect our actual results, please refer to the risks described in the Safe Harbor discussion found in the company's SEC filings.

During the call, we will also discuss certain non-GAAP financial measures, which are not prepared in accordance with Generally Accepted Accounting Principles. GAAP requires accounting periods before and after the merger and leaseback on June 11, 2021 to be separated into predecessor and successor periods to reflect the change in ownership and lack of comparability between periods due to different ownership and investment basis. In addition, Global Knowledge activity is only reflected in the GAAP financial statements after June 11, 2021. References on this call to pro forma results refer to our results that have been prepared and presented to reflect historical periods as if Skillsoft, Global Knowledge and Codecademy had merged on February 01, 2021. Unless otherwise noted, all comparisons on this call to prior year results are being made on a pro forma constant currency basis, which represents pro forma fiscal 2023 local currency amounts translated at prior year foreign exchange rates for the respective period. A reconciliation of the non GAAP financial measures included in today's commentary to the most directly comparable GAAP financial measures, as well as how we define these metrics and other metrics is included in our earnings press release which has been furnished to the SEC and is also available on our website at www.skillsoft.com. After our prepared remarks, Jeff Tarr and Rich Walker will be available to take questions.