Skillcast Group Reports Strong Revenue Growth
Company Announcements

Skillcast Group Reports Strong Revenue Growth

Skillcast Group Plc (GB:SKL) has released an update.

Skillcast Group PLC, a SaaS compliance and e-learning courseware provider, has reported a robust first half of 2024, with a 24% revenue increase and a 35% rise in subscription revenue, leading to an improved gross margin of 71.7%. The company’s annualized recurring revenue (ARR) grew by 27%, and they achieved an EBITDA of £31k, marking significant progress towards profitability. A strong cash position allowed Skillcast to declare an interim dividend, maintaining investor confidence as they focus on ARR growth and operational efficiency.

For further insights into GB:SKL stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskSkillcast Launches Compliance Portal for Small Businesses
Jason CarrSkillcast Group Plc (SKL) Unveils Dividend Details for Q4: Mark Your Calendar!
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App