| Schedule of disaggregated revenue |
|
|
|
|
|
|
|
|
|
|
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|
|
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Quarter to Date Results |
|
Year to Date Results |
|
|
Fiscal 2023 |
|
Fiscal 2022 |
|
Fiscal 2023 |
|
Fiscal 2022 |
|
|
Successor |
|
Successor |
|
Successor |
|
Successor |
|
|
Predecessor (SLH) |
|
|
Three Months |
|
Three Months |
|
Nine Months |
|
From |
|
|
From |
|
|
Ended |
|
Ended |
|
Ended |
|
June 12, 2021 to |
|
|
February 1, 2021 to |
|
|
October 31, 2022 |
|
October 31, 2021 |
|
October 31, 2022 |
|
October 31, 2021 |
|
|
June 11, 2021 |
SaaS subscription services |
|
$ |
93,127 |
|
$ |
82,593 |
|
$ |
272,443 |
|
$ |
126,833 |
|
|
$ |
97,406 |
Professional services |
|
|
4,617 |
|
|
4,354 |
|
|
13,429 |
|
|
6,339 |
|
|
|
5,088 |
Software licenses and other |
|
|
224 |
|
|
— |
|
|
635 |
|
|
— |
|
|
|
— |
Instructor led training |
|
|
41,422 |
|
|
53,206 |
|
|
128,296 |
|
|
82,448 |
|
|
|
— |
Total net revenues |
|
$ |
139,390 |
|
$ |
140,153 |
|
$ |
414,803 |
|
$ |
215,620 |
|
|
$ |
102,494 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter to Date Results |
|
Year to Date Results |
|
|
Fiscal 2023 |
|
Fiscal 2022 |
|
Fiscal 2023 |
|
Fiscal 2022 |
|
|
Successor |
|
Successor |
|
Successor |
|
Successor |
|
|
Predecessor (SLH) |
|
|
Three Months |
|
Three Months |
|
Nine Months |
|
From |
|
|
From |
|
|
Ended |
|
Ended |
|
Ended |
|
June 12, 2021 to |
|
|
February 1, 2021 to |
|
|
October 31, 2022 |
|
October 31, 2021 |
|
October 31, 2022 |
|
October 31, 2021 |
|
|
June 11, 2021 |
Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
$ |
92,177 |
|
$ |
85,421 |
|
$ |
268,096 |
|
$ |
132,785 |
|
|
$ |
77,489 |
Other Americas |
|
|
7,099 |
|
|
9,554 |
|
|
23,075 |
|
|
15,076 |
|
|
|
5,197 |
Europe, Middle East and Africa |
|
|
35,230 |
|
|
40,485 |
|
|
109,031 |
|
|
60,563 |
|
|
|
14,283 |
Asia-Pacific |
|
|
4,884 |
|
|
4,693 |
|
|
14,601 |
|
|
7,196 |
|
|
|
5,525 |
Total net revenues |
|
$ |
139,390 |
|
$ |
140,153 |
|
$ |
414,803 |
|
$ |
215,620 |
|
|
$ |
102,494 |
|
| Schedule of deferred revenue |
Deferred revenue activity for the three and nine months ended October 31, 2022 was as follows (in thousands):
|
|
|
|
Deferred revenue at January 31, 2022 (Successor) |
|
$ |
260,949 |
Billings deferred |
|
|
92,106 |
Recognition of prior deferred revenue |
|
|
(134,839) |
Acquisition of Codecademy |
|
|
18,396 |
Deferred revenue at April 30, 2022 (Successor) |
|
$ |
236,612 |
Billings deferred |
|
|
119,724 |
Recognition of prior deferred revenue |
|
|
(140,574) |
Deferred revenue at July 31, 2022 (Successor) |
|
|
215,762 |
Billings deferred |
|
|
122,202 |
Recognition of prior deferred revenue |
|
|
(139,390) |
Deferred revenue at October 31, 2022 (Successor) |
|
$ |
198,574 |
|
| Schedule of deferred contract acquisition costs |
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|
|
|
Deferred contract acquisition costs at January 31, 2022 (Successor) |
|
$ |
13,248 |
Contract acquisition costs |
|
|
4,265 |
Recognition of contract acquisition costs |
|
|
(3,733) |
Deferred contract acquisition costs at April 30, 2022 (Successor) |
|
$ |
13,780 |
Contract acquisition costs |
|
|
3,964 |
Recognition of contract acquisition costs |
|
|
(3,742) |
Deferred contract acquisition costs at July 31, 2022 (Successor) |
|
|
14,002 |
Contract acquisition costs |
|
|
5,213 |
Recognition of contract acquisition costs |
|
|
(6,317) |
Deferred contract acquisition costs at October 31, 2022 (Successor) |
|
$ |
12,898 |
|