SKILLCAST GROUP PLC (SKL) — Annual Results 2024

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the SKILLCAST GROUP PLC Annual Results Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged, and they can be submitted at any time using the Q and A tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question received during the meeting itself. However, the company can review all questions submitted today and publish responses where it is appropriate to do so. Before we begin, I would like to submit the following poll. And I would now like to hand you over to CEO, Vivek Dodd. Good afternoon to you. Thank you, Alex, and thank you all for joining us today for our full year results for 2024. I'm Vivek Dodd. I'm the CEO of the company, and I'm joined today by Richard Steele, our CFO. And I'll just go quickly over the financial and operational highlights with you, and then I'll hand over to Richard to take you through the details of the financials. So 2024 was an eventful year for us. We kept up our ARR growth, got back to profitability whilst generating very strong cash flows as you see here on this page. These give an indication of further performance to come. Our book of annual subscription contracts which is essentially captured by our ARR grew by 25% in the year ending at 11,600,000, which incidentally is exactly twice the level with which we went to market three years earlier. This resulted in a 29% growth in subscription revenues to 11,000,000, which in turn raised our overall revenue by 17% to 13,200,000. The overall revenue was increase was slightly held back by professional services, we'll talk about that later on in this call, which although are non strategic...