Skillsoft Corp. (NYSE:SKIL) Q1 2023 Earnings Conference Call June 8, 2022 5:00 PM ET

Company Participants

Eric Boyer - Senior Vice President of Investor Relations

Jeff Tarr - Chief Executive Officer

Gary Ferrera - Chief Financial Officer

Conference Call Participants

Raimo Lenschow - Barclays

Robert Simmons - DA Davidson

Raj Sharma - B. Riley

Arvind Ramnani - Piper Sandler

Operator

Greetings. Welcome to the Skillsoft Corp First 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 formal presentation. [Operator Instructions] And please note that this conference is being recorded.

I will now turn the conference over to Eric Boyer, SVP of Investor Relations. Thank you sir, you may begin.

Eric Boyer

Good afternoon and welcome to Skillsoft's first quarter fiscal 2023 earnings call. After the market closed, we issued our Q1 earnings press release and post the supplemental materials to the Skillsoft Investor Relations website.

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 beliefs and predictions 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 de-SPAC 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 11th.

References on this call to combined GAAP results reflect a combination of the predecessor period before June 11th that excludes Global Knowledge with the successor period after June 11th. For all non-GAAP measures in the supplemental materials and in today's commentary, the Company is providing normalized results as if Skillsoft and Global Knowledge had been combined for all periods presented, which we believe is useful to investors to show the trends of the go-forward Company.