Skillcast Reports Strong Revenue Growth Amidst LBITDA Loss
Company Announcements

Skillcast Reports Strong Revenue Growth Amidst LBITDA Loss

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

Skillcast Group PLC, a provider of SaaS compliance platforms, reported a revenue increase of 15% to £11.3 million for the year ended December 2023, largely due to a 28% rise in subscription revenue. Despite a strong net cash position of £7.2 million, the company experienced a larger loss before interest, tax, depreciation, and amortisation (LBITDA) of £0.6 million compared to the previous year. Skillcast’s focus on new client acquisitions and product enhancements contributed to a 37% growth in Annualised Recurring Revenue (ARR), reflecting a positive outlook for future growth.

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!
TipRanks UK Auto-Generated NewsdeskSkillcast Group Reports Strong Revenue Growth
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