Market's view on Skillcast
Published on April 2024
- Skillcast Group PLC’s revenue for the year ending December 2023 is expected to be around £11.3 million, marking a 15% increase from the previous year. This growth is attributed to a significant rise in recurring subscription revenues, which grew by 28% to £8.5 million and now represent 76% of the total Group revenues.
- Despite the overall revenue growth, professional services revenues have decreased by 12% from the previous year, amounting to £2.8 million.
- Skillcast will be presenting at MelloLondon, an event expected to attract over 700 investors, featuring 50 AIM listed companies and around 10 trusts and funds.
- Skillcast has been described as an interesting company that is growing quickly and is likely to perform well even in a recession due to its focus on mandatory compliance training/management software.
- The company has strong Glassdoor reviews, with a score of 4.8 out of 5, indicating positive feedback from employees.
- As of the initial public offering on 1 December 2021, the stock price has declined from 37p to 23p, primarily due to market conditions and potentially a steep IPO price. The company has a market capitalisation of around £20 million with £7.5 million in net cash.
- Recurring revenues, which are growing at a rate of over 30% per annum, constitute approximately 70% of the total revenues.
- The company is founder-owned and operated, suggesting strong leadership and commitment at the helm.