Skillsoft Corp. (NYSE:SKIL) Q2 2025 Earnings Conference Call September 9, 2024 5:00 PM ET

Company Participants

Stephen Poe - IR
Ron Hovsepian - Executive Chair and Principal Executive Officer
Richard Walker - CFO

Conference Call Participants

Ken Wong - Oppenheimer
Raj Sharma - B. Riley Securities

Operator

Thank you for standing by and welcome to Skillsoft’s Second Quarter Fiscal 2025 Results Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ present, there will be a question-and-answer session. Please note that today's call is being recorded. I will now hand the call over to your first speaker, Stephen Poe, Investor Relations. Thank you, please go ahead.

Stephen Poe

Thank you, operator. Good day and thank you for joining us to discuss our results for the Second Quarter Ended July 31, 2024. Before we jump in, 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 market 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.

For discussion of the material risks and other important factors that could affect our actual results, we refer you to our most recent form 10-K filing with the Securities and Exchange Commission. We assume no obligation to update any forward-looking statements or information which speak as of their respective dates. During the call, unless otherwise noted, all financial metrics we discuss will be non-GAAP financial measures, which are not prepared in accordance with Generally Accepted Accounting Principles. 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, 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.

Following today's prepared remarks, Ron Hovsepian, Skillsoft's Executive Chair and Chief Executive Officer, and Rich Walker, Skillsoft's Chief Financial Officer, will be available for Q&A.

With that, it's my pleasure to turn the call over to Ron.

Ron Hovsepian

Good afternoon, everyone. I appreciate you joining us today to discuss our fiscal second quarter. Our performance on the top-line and on adjusted EBITDA were in-line with our expectations for the quarter. Our leadership team remains fully engaged in the considerable work to operationalize our targets. However, we've made notable progress and I'm encouraged by the early signs of operational execution. Most of our initiatives planning took place late in the second quarter, and we expect to see the benefit in future periods.