SKILLCAST GROUP PLC (SKL) — Investor Presentation

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the SKILLCAST GROUP PLC investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time via 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 it receives during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. And I'd now like to hand over to Vivek Dodd, CEO. Good afternoon, sir. Thank you, Lily, and good afternoon to everybody. Thanks for joining us for yet another results update for SKILLCAST. I'm joined today again by Richard Steele, our CFO. We have introduced ourselves in the past, so I'll move straight to the financial highlights. Well, we've had a good year in 2023. We had subscription revenues growth of 28%. This is off the back of ARR or annual recurring revenue growth of 37%. So ARR is effectively our book of contracts and that grew by 37% in the year. And the overheads growth was rather less at 18% compared to 49% the year before. This meant that the revenue the total revenues for the year came in at 11,300,000. That was 15% rise year on year. Richard will take us through the details of the financials later, but we've got some of the the highlight highlights on this screen. I'll give it a minute and then move on to the operational highlights. So the performance we had during the year of the 37% rise in ARR was off the back of a very high net retention rate of 105%. So that means that we our ARR book at the end of the year of that the the number of clients that we or the...