By Kelly Cloonan

Shares of Skillsoft declined after the company logged a wider loss and lower revenue in the first quarter as less discretionary spending weighed on sales in its global knowledge segment.

The stock fell 8.9% to $16.60 Tuesday. Shares have declined 31% so far this year.

The education-software company on Monday posted a loss of $38 million, or $4.57 a share, compared with a loss of $27.6 million, or $3.42 a share, a year earlier.

Adjusted earnings per share were 30 cents.

Revenue fell 3% to $124.2 million.

Sales in the company's global knowledge segment declined 16%, more than offsetting a 1% rise in its talent development solutions unit. Chief Executive Ron Hovsepian said a challenging economic environment and softer discretionary spending disproportionately impacts its global knowledge business segment.

The company backed its outlook for the fiscal year, guiding for sales of $530 million to $545 million and adjusted earnings before interest, taxes, depreciation, and amortization of $112 million to $118 million.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

June 10, 2025 12:08 ET (16:08 GMT)

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