Skillsoft Shares Surge on Strong Demand for AI Tools

Dow Jones
Apr 08

By Elias Schisgall

 

Shares of Skillsoft surged after the company reported strong early demand for its artificial-intelligence products.

Shares were up 26%, to $5.55, in after-hours trading on Tuesday. The stock closed at $4.41, down 48% year to date.

The education-software company on Tuesday said that AI skill benchmark completions rose nearly elevenfold year over year in the fiscal fourth quarter, with AI content completions up 261% and AI journey completions up 222%.

Users of the company's CAISY product, an AI tool that simulates conversations to improve users' communication skills, rose 146% year-over-year, with CAISY launches or engagement up 341%.

"As AI reshapes the global workforce, demand for our AI-driven learning solutions, particularly our CAISY simulator, continues to build, and we believe we are well positioned to support workforce readiness while driving toward sustainable growth and improved free cash flow," Chief Executive Ron Hovsepian said.

Skillsoft reported a fourth-quarter loss of $36.7 million, or $4.19 a share, compared with a loss of $31.1 million, or $3.75 a share, a year earlier.

Stripping out certain one-time items, the company posted adjusted earnings of $1.26 a share.

Revenue fell to $130.7 million, down from $133.8 million a year prior.

Revenue in the Talent Development Solutions business was $102.6 million, down slightly from $102.8 million a year earlier. Revenue in the Global Knowledge business fell to $28 million from $30.1 million.

The company is currently conducting a strategic review of the Global Knowledge segment. Chief Financial Officer John Frederick said that removing the segment would improve the company's growth and financial performance.

For the current fiscal year, the company expects revenue in the Talent Development Solutions segment between $388 million and $406 million, with adjusted earnings before interest, taxes, depreciation, and amortization between $108 million and $116 million.

Free cash flow for the segment is projected between $14 million and $22 million.

 

Write to Elias Schisgall at elias.schisgall@wsj.com

 

(END) Dow Jones Newswires

April 07, 2026 17:54 ET (21:54 GMT)

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