Financial Performance - Consolidated net sales were $126.8 million in Q3 FY2025, a decrease of 1.0% year-over-year and an increase of 0.2% sequentially[6]. - Consolidated gross profit was $38.9 million, representing a gross margin of 30.7%, up from 26.7% in the previous quarter[7]. - Consolidated net loss attributable to common shareholders was $14.5 million, compared to a net loss of $1.0 million in the prior year period[10]. - Consolidated Adjusted EBITDA was $12.6 million, an increase from $11.9 million in the prior year period and $2.9 million in the previous quarter[11]. - Consolidated net bookings were $71.0 million, a decrease of 30.2% year-over-year, with a book-to-bill ratio of 0.56x[12]. - The company reported a net loss of $163.2 million for the nine months ended April 30, 2025, compared to a net loss of $9.2 million in the same period of 2024[41]. - The net loss per common share for the nine months ended April 30, 2025, was $6.56, compared to a loss of $1.21 in the same period of 2024[41]. - For the three months ended April 30, 2025, the company reported a net loss of $1,532,000, translating to a loss per diluted share of $(0.49) compared to a net loss of $3,470,000 and a loss per diluted share of $(0.04) for the same period in 2024[47]. - The non-GAAP net loss for the three months ended April 30, 2025, was $5,238,000, resulting in a non-GAAP loss per diluted share of $(0.18), while the non-GAAP net income for the same period in 2024 was $8,790,000 with a non-GAAP income per diluted share of $0.20[47]. Revenue and Sales Segments - The Terrestrial and Wireless Networks segment reported net sales of $59.2 million, an increase of 4.6% year-over-year, driven by NG-911 services[22]. - The Satellite and Space Communications segment's net sales were $67.6 million, a decrease of 5.3% year-over-year, impacted by lower sales to the U.S. Marine Corps and U.S. Army[15]. - A new contract valued at over $27.0 million for statewide NG-911 services has been secured for a Southeastern state[32]. - Various funded orders totaling $9.0 million for wireless location-based messaging services were received[32]. - Incremental funding of over $2.5 million was secured from a new international customer for location-based messaging services[32]. Cost and Expenses - Selling, general and administrative expenses increased to $115.7 million for the nine months ended April 30, 2025, compared to $91.7 million in 2024, reflecting a 26.2% rise[41]. - The company incurred restructuring costs of $14,222,000 for the nine months ended April 30, 2025, compared to $9,197,000 for the same period in 2024[45]. - The company recognized restructuring costs of $12,470,000 for the fiscal year 2024, contributing to the overall net loss[48]. - The company incurred CEO transition costs of $2,916,000 during the fiscal year 2024, which were part of the overall operational expenses[48]. Balance Sheet and Assets - Total assets decreased from $912,434,000 on July 31, 2024, to $751,144,000 on April 30, 2025, representing a decline of approximately 17.7%[43]. - Current liabilities increased significantly from $183,547,000 to $372,683,000, marking an increase of about 103%[43]. - Goodwill decreased from $284,180,000 on July 31, 2024, to $204,625,000 on April 30, 2025, a reduction of approximately 28%[43]. - Total stockholders' equity fell from $306,253,000 to $115,433,000, a decrease of about 62.3%[43]. - The current portion of credit facility increased dramatically from $4,050,000 to $148,882,000, reflecting a rise of approximately 3,577%[43]. Future Outlook and Guidance - The company has not provided future financial targets, making it difficult to reconcile business outlook to GAAP measures[44]. - The company will host a conference call with investors and analysts on June 9, 2025[34]. Impairments and Adjustments - The company experienced a significant impairment of long-lived assets, including goodwill, amounting to $79,555,000 for the nine months ended April 30, 2025[47]. - The total net discrete tax expense for the fiscal year 2024 was $4,136,000, impacting the overall financial results[48]. - The adjustments to reflect the redemption value of convertible preferred stock contributed $15,900,000 to the fiscal year 2024 results, equating to $0.55 per diluted share[48]. - The company reported a change in the fair value of warrants and derivatives, resulting in a loss of $4,273,000 for the fiscal year 2024[48].

Financial Performance - Consolidated net sales for Q3 fiscal 2025 were $126.8 million, slightly up from $126.6 million in Q2 fiscal 2025 but down from $128.1 million in Q3 fiscal 2024[229]. - Consolidated net sales for the three months ended April 30, 2025, were $126.8 million, a decrease of $1.3 million, or 1.0%, compared to $128.1 million in the same period of 2024[244]. - Consolidated net sales decreased by $45.0 million, or 10.9%, to $369.2 million for the nine months ended April 30, 2025, compared to $414.2 million for the same period in 2024[289]. - The net loss attributable to common stockholders for the three months ended April 30, 2025, was $14.5 million, or $(0.49) per diluted common share[288]. - For the nine months ended April 30, 2025, the GAAP net loss attributable to common stockholders was $192.7 million, with a net loss per diluted common share of $6.56[337]. - The company incurred operating losses of $141.0 million for the nine months ended April 30, 2025, following previous losses of $79.9 million in fiscal 2024[342]. Segment Performance - Net sales in the Satellite and Space Communications segment were $67.6 million, down $3.8 million, or 5.3%, from $71.4 million in the prior year, primarily due to lower sales to the U.S. Marine Corps and U.S. Army[245]. - The Terrestrial and Wireless Networks segment saw net sales increase to $59.2 million, up $2.6 million, or 4.6%, compared to $56.6 million in the same period of 2024, driven by higher sales of NG-911 services[246]. - Net sales in the Satellite and Space Communications segment fell by $52.2 million, or 20.7%, to $200.2 million for the nine months ended April 30, 2025, primarily due to lower sales of troposcatter solutions and high-power solid state amplifiers[290]. - The Terrestrial and Wireless Networks segment saw an increase in net sales of $7.1 million, or 4.4%, reaching $168.9 million for the nine months ended April 30, 2025, driven by higher sales of NG-911 services[291]. Expenses and Costs - Selling, general and administrative expenses increased to $30.2 million, or 23.8% of consolidated net sales, compared to $28.7 million, or 22.4% in the prior year[254]. - Selling, general and administrative expenses rose to $115.7 million for the nine months ended April 30, 2025, representing 31.3% of consolidated net sales, up from 22.1% in 2024[299]. - Research and development expenses decreased to $4.4 million, or 3.5% of consolidated net sales, down from $5.7 million, or 4.5% in the same period of 2024[257]. - Research and development expenses decreased by $7.9 million, or 38.8%, to $12.5 million, accounting for 3.4% of consolidated net sales compared to 4.9% in the prior year[303]. - The company incurred $4.3 million in restructuring costs during the three months ended April 30, 2025, compared to $2.8 million in the same period of 2024[255]. - The company incurred $14.2 million in restructuring costs during the nine months ended April 30, 2025, compared to $9.2 million in the prior year[301]. Goodwill and Impairment - The company reported a total goodwill of $204.6 million as of April 30, 2025, with $30.5 million related to the Satellite and Space Communications segment and $174.1 million related to the Terrestrial and Wireless Networks segment[216]. - A non-cash impairment charge of $79.6 million was recorded in the Satellite and Space Communications segment during the first quarter of fiscal 2025[216]. - A non-cash goodwill impairment charge of $79.6 million was recognized in the first quarter of fiscal 2025 due to lower-than-expected financial performance in the Satellite and Space Communications segment[309]. - The Satellite and Space Communications segment experienced a non-cash goodwill impairment charge of $79.6 million, contributing to significantly lower net sales and gross profit[317]. Revenue and Contracts - Revenue recognition is based on FASB ASC 606, reflecting the consideration expected in exchange for goods or services promised to customers[211]. - The company anticipates future growth in end markets due to increasing demand for global voice, video, and data usage, as well as the growth of emergency communication networks[206]. - The company has experienced and expects ongoing risks related to contract revenue and cost estimates, particularly for fixed-price development contracts[214]. - The company faces risks related to government contracts, including unpredictable funding and the potential for contract termination at any time[208]. - Bookings for the quarter totaled $71.0 million, reflecting a book-to-bill ratio of 0.56x; excluding a $36.4 million debooking, gross bookings were $107.4 million with a ratio of 0.85x[229]. - Backlog as of April 30, 2025, was $708.1 million, down from $798.9 million as of July 31, 2024[229]. - Revenue visibility is approximately $1.2 billion, combining $708.1 million of funded backlog and the total unfunded value of multi-year contracts[229]. Financing and Debt - The company entered into a Second Amendment to the Credit Facility, reducing interest rates and waiving defaults, allowing for additional unsecured subordinated debt of $40.0 million[237]. - The company entered into an amendment to the Subordinated Credit Agreement, providing an incremental aggregate principal of $40.0 million[238]. - The company recorded $4.9 million of deferred financing fees and debt discounts as an immediate expense during the nine months ended April 30, 2025[322]. - Total outstanding borrowings under the credit facility were $168.0 million as of April 30, 2025[343]. - The credit facility was amended to decrease interest rate margins applicable to the term loan from 12.00% to 9.50% per annum[345]. - The company anticipates challenges in complying with financial covenants over the next twelve months[346]. Cash Flow and Liquidity - Cash and cash equivalents decreased from $32.4 million on July 31, 2024, to $28.4 million on April 30, 2025[338]. - Net cash used in operating activities improved to $19.7 million for the nine months ended April 30, 2025, compared to $45.0 million for the same period in 2024[341]. - Net cash used in investing activities was $6.5 million for the nine months ended April 30, 2025, primarily for capital expenditures related to cloud-based networks[341]. - The company plans to raise additional funds through equity and debt financing to provide flexibility and pursue acquisitions[353]. - Material cash requirements include $168.0 million in principal payments and $69.5 million in interest payments due under the Credit Facility, with total contractual cash obligations amounting to $366.9 million[361]. Strategic Outlook - The company is exploring strategic alternatives for its businesses, which may impact future results of operations[292]. - The company is not providing forward-looking guidance due to uncertainties related to its transformation strategy and various external economic factors[242]. - The company faces uncertainties regarding its ability to continue as a going concern, with substantial doubt raised about its financial stability[349]. - Significant capital expenditures are being made to support cloud-based networks for NG-911 contract wins, expected to continue throughout fiscal 2025 and beyond[354]. Legal and Regulatory Matters - The company’s U.S. federal income tax returns for fiscal 2022 through 2024 are subject to potential IRS audit, which could materially affect consolidated results[220]. - The company is subject to ongoing legal proceedings that may materially affect its financial condition and results of operations[364].

Sales Performance - Retail segment net sales accounted for approximately 85.0% of consolidated net sales for the three months ended April 30, 2025, down from 88.5% for the comparable period in fiscal 2025 [81]. - Subscription segment net sales accounted for approximately 9.4% of consolidated net sales for the three months ended April 30, 2025, compared to approximately 6.5% for the comparable period in fiscal 2025 [94]. - Wholesale segment net sales accounted for approximately 5.6% of consolidated net sales for the three months ended April 30, 2025, compared to 5.0% for the comparable period in fiscal 2025 [95]. - Net sales for the first quarter of fiscal 2026 were $1.33 billion, an increase of $128.8 million from $1.20 billion in the first quarter of fiscal 2025 [101]. - Retail segment comparable net sales increased by 4.8%, driven by higher store traffic and transactions, with notable increases of 6.9% at Anthropologie, 3.1% at Free People, and 2.1% at Urban Outfitters [102]. - Subscription segment net sales increased by 59.5%, primarily due to a 52.9% increase in the average number of active subscribers [103]. Store Expansion - Total company-owned stores increased from 733 to 744 from January 31, 2025, to April 30, 2025, with 13 new stores opened [89]. - Projected total company-owned stores for fiscal 2026 is expected to reach 780, with 64 new openings planned [93]. - Capital expenditures during fiscal 2026 are anticipated to be approximately $240 million, primarily for retail store expansion and technology investments [116]. Inventory and Expenses - Total inventory increased by $84.8 million, or 14.6%, to $663.8 million as of April 30, 2025 [105]. - Selling, general and administrative expenses increased by $27.1 million, or 8.1%, but decreased as a percentage of net sales to 27.2% [106]. Profitability - Gross profit increased to $489.1 million in the first quarter of fiscal 2026 from $408.4 million in the first quarter of fiscal 2025, with a gross profit percentage of 36.8% [104]. - Income from operations was $128.2 million, or 9.6% of net sales, compared to $74.6 million, or 6.2% of net sales, for the same period last year [107]. - The effective tax rate for the first quarter of fiscal 2026 was 21.4%, down from 23.6% in the first quarter of fiscal 2025 [108]. Segment Performance - North American Retail segment net sales for Anthropologie accounted for approximately 48.6% of total Retail segment net sales for the three months ended April 30, 2025, compared to approximately 47.8% for the comparable period in fiscal 2025 [84]. - North American Retail segment net sales for Free People accounted for approximately 23.8% of total Retail segment net sales for the three months ended April 30, 2025, compared to approximately 23.6% for the comparable period in fiscal 2025 [85]. - North American Retail segment net sales for Urban Outfitters accounted for approximately 14.8% of total Retail segment net sales for the three months ended April 30, 2025, down from approximately 16.8% for the comparable period in fiscal 2025 [86]. - Selling square footage for Urban Outfitters decreased by 3.9% from April 30, 2024, to April 30, 2025 [91]. - The Free People brand's selling square footage increased by 4.7% from April 30, 2024, to April 30, 2025 [91]. Future Growth Strategies - The company plans to expand its digital channels both domestically and internationally to drive future growth [92].

Financial Performance - Net sales for the three months ended April 30, 2025, were $190,546 thousand, an increase from $184,383 thousand in the same period of 2024, representing a growth of 0.63%[12] - Gross profit for the six months ended April 30, 2025, was $33,817 thousand, compared to $31,298 thousand for the same period in 2024, reflecting an increase of 8.05%[12] - Operating income for the three months ended April 30, 2025, was $7,630 thousand, slightly up from $7,316 thousand in the prior year, indicating a growth of 4.31%[12] - Net income attributable to Calavo Growers, Inc. for the six months ended April 30, 2025, was $11,265 thousand, compared to a net loss of $205 thousand in the same period of 2024[12] - Basic net income per share for continuing operations was $0.38 for the three months ended April 30, 2025, compared to $0.36 for the same period in 2024, showing an increase of 5.56%[12] - For the three months ended April 30, 2025, net sales reached $190.546 million, a 3.3% increase from $184.383 million in the same period of 2024[24] - For the six months ended April 30, 2025, net sales reached $344,931 thousand, compared to $311,989 thousand for the same period in 2024, reflecting an increase of 10.5%[25] - Net income attributable to Calavo Growers, Inc. for the three months ended April 30, 2025, was $6.850 million, compared to a net loss of $6.062 million in the same period of 2024[15] - Basic and diluted net income per share attributable to Calavo Growers, Inc. for the three months ended April 30, 2025, was $0.38, compared to $0.34 for the same period in 2024[60] Cash Flow and Liquidity - Cash flows from operating activities for the six months ended April 30, 2025, were $11,264 thousand, significantly higher than $2,150 thousand in the same period of 2024[13] - The company reported a net increase in cash and cash equivalents to $60,361 thousand as of April 30, 2025, up from $4,273 thousand at the end of the same period in 2024[13] - The company declared a dividend of $0.20 per share in April 2025, totaling $3.574 million[15] - The company paid dividends of $3.6 million on January 31, 2025, and another $3.6 million on April 29, 2025, at a rate of $0.20 per share[38] - The company declared a quarterly cash dividend of $0.20 per share on June 3, 2025, payable on July 30, 2025[74] Segment Performance - The Fresh segment generated $160.531 million in sales for the three months ended April 30, 2025, compared to $136.055 million in the same period of 2024, reflecting an 18% increase[24] - The Prepared segment reported net sales of $15.885 million for the three months ended April 30, 2025, down from $17.628 million in the same period of 2024, a decrease of 9.9%[24] - The Fresh segment's sales for the six months ended April 30, 2025, totaled $284.370 million, compared to $235.686 million in the same period of 2024, an increase of 20.6%[24] Expenses and Costs - Selling, general and administrative expenses decreased to $10,303 thousand for the three months ended April 30, 2025, from $13,020 thousand in the same period of 2024, a reduction of 20.9%[12] - The company incurred $10.4 million and $22.0 million of cost of sales to Belher for the three months ended April 30, 2025, and 2024, respectively[35] Assets and Liabilities - The total inventory as of April 30, 2025, was $41,625 thousand, up from $34,157 thousand as of October 31, 2024, marking an increase of 21.9%[27] - The net carrying value of long-lived assets as of April 30, 2025, was $51,058 thousand, down from $54,200 thousand as of October 31, 2024, a decrease of 5.4%[26] - The company had outstanding payables to Board members totaling $0.4 million as of April 30, 2025, compared to none as of October 31, 2024[29] - The investment in Don Memo was valued at $3 million as of April 30, 2025, an increase from $2.4 million as of October 31, 2024[32] - The company reported a total balance of shareholders' equity of $206.559 million as of April 30, 2025, up from $202.869 million as of January 31, 2025[15] Strategic Focus and Future Outlook - The company plans to continue focusing on operational efficiency and potential market expansion strategies in the upcoming quarters[8] - The company is currently evaluating the potential effects of recently issued accounting standards on its financial statement disclosures[21][22][23] - The company has not experienced any changes related to lease contingencies, with a maximum exposure of $32 million in future minimum lease payments[55][56] - The company continues to assess its obligation under lease contingencies but does not believe it is probable that it will be required to fulfill any obligations under these leases[56] Market and Risk Assessment - There have been no material changes in market risk from the information provided in Item 7A[138] - The quantitative and qualitative disclosures about market risk are included in the Annual Report on Form 10-K for the year ended October 31, 2024[138] Other Notable Events - The company experienced a foreign currency gain of $957 thousand for the three months ended April 30, 2025, compared to a loss of $181 thousand in the same period of 2024[12] - The company has renamed its "Grown" reportable segment to "Fresh" to better reflect its activities, with no impact on financial results or performance metrics[18] - The Fresh Cut business was sold for a total transaction value of $83 million, with $52 million for business assets and $31 million for real estate[71][72] - The company incurred a goodwill impairment charge of $9.3 million in connection with the sale of the Fresh Cut business[68] - The company recorded a provision of $11 million in the third quarter of fiscal year 2021 related to the 2013 tax assessment, which includes estimated fines, interest, and inflationary adjustments[53] - As of April 30, 2025, the company's VAT receivables from the Mexican government totaled $50.7 million (1.0 billion Mexican pesos), reflecting a slight increase from $48.7 million (976.0 million Mexican pesos) as of October 31, 2024[63]

Financial Performance - Net sales for the three months ended April 30, 2025, were $46.7 million, an increase of $10.4 million or 28.7% compared to $36.3 million for the same period in 2024[116] - Gross profit for the three months ended April 30, 2025, was $15.6 million, a decrease of $0.6 million or 3.7% from $16.2 million in the same period in 2024, with gross profit margin dropping to 33.5% from 44.6%[117] - The company reported an operating loss of $4.6 million for the three months ended April 30, 2025, compared to an operating profit of $2.2 million for the same period in 2024[119] - Net loss for the three months ended April 30, 2025, was ($3.9) million, down from net income of $1.7 million for the same period in 2024[121] Sales and Acquisitions - Sales from the Fire Services product line increased by $10.5 million, driven by $9.8 million in sales from the acquisitions of Veridian and LHD[116] - The company acquired Veridian for approximately $26.1 million and LHD for $14.8 million, enhancing its product offerings in firefighter protective apparel[111][112] Operating Expenses - Operating expenses increased by $6.3 million or 45.0%, from $14.0 million in Q1 FY24 to $20.3 million in Q1 FY25, primarily due to acquisitions and transaction-related expenses[118] - Cash used in operations was $4.9 million due to the net loss and an increase in working capital[124] Cash and Liquidity - Cash and cash equivalents as of April 30, 2025, were approximately $18.6 million, with working capital at approximately $104.4 million[122] - The company expects to repatriate cash from China during FY26, with an accrued withholding tax expense of $0.3 million[123] Debt and Credit Facilities - The Company has a secured revolving credit facility of up to $60.0 million from December 12, 2024, through January 31, 2026, and up to $50.0 million from February 1, 2026, through January 31, 2027[128] - The maximum principal amount under the revolving credit facility was reduced to $40 million following the use of net proceeds from equity issuance[128] - The Company must maintain a minimum basic fixed charge coverage ratio of at least 1.20x and a funded debt to EBITDA ratio not exceeding 3.5x, with step-downs to 3.25x and 3.0x in 2026 and 2027, respectively[130] - The Amended Loan Agreement includes a fee based on the difference between the line of credit commitment and the actual amount used, calculated at the Applicable Rate[129] Shareholder Returns - The Company authorized a stock repurchase program allowing for the repurchase of up to $10.0 million of its outstanding common stock[131] - No shares were repurchased in the three months ended April 30, 2025, leaving $5.0 million remaining under the share repurchase program[132] - A quarterly cash dividend of $0.03 per share was declared on February 1, 2025, and paid on February 24, 2025[132] Capital Expenditures - Capital expenditures for the three months ended April 30, 2025, were $1.2 million, primarily for a new ERP system and replacement equipment[133] - Anticipated capital expenditures for FY26 are approximately $3.0 million for equipment replacement and expansion of manufacturing capabilities[133] Compliance - The Company was in compliance with all debt covenants as of April 30, 2025[130]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38960 Skillsoft Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporati ...

Exhibit 99.1 Lakeland Industries Reports Fiscal First Quarter 2026 Financial Results Q1'26 Net Sales Increased 29% to a Record $46.7 Million Led by a 100% Increase in Fire Services Products, Representing 45% of Total Revenue U.S. Net Sales Increased 42% to $22.5 Million & Europe Net Sales Increased 102% to $12.1 Million Q1'26 Represented Full Impact of Tarif Uncertainty & Associated Mitigation Strategies to Build Inventory Improving Global Tarif Environment & Reduction in Mitigation Strategies Positions Com ...

Exhibit 99.1 Skillsoft Reports Financial Results for the First Quarter of Fiscal 2026 BOSTON – June 9, 2025 – Skillsoft Corp. (NYSE: SKIL) ("Skillsoft", "we", "us", or "our"), the platform that empowers organizations and learners to unlock their full potential, today announced its financial results for the first quarter of fiscal 2026 ended April 30, 2025. Fiscal 2026 First Quarter Select Metrics and Financial Measures (1) * "We are pleased to have delivered first quarter results in line with expectations d ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38056 YEXT, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organi ...

Financial Performance - The company reported a significant increase in revenue, achieving $X billion, representing a Y% growth compared to the previous year[7]. - Gross margins have been maintained at J%, reflecting effective cost management strategies[20]. User Growth - User data showed an increase in active users, reaching Z million, which is a growth of A% year-over-year[7]. Future Projections - The company provided guidance for the next quarter, projecting revenue between $B billion and $C billion, indicating a growth rate of D%[7]. - Future cash requirements are anticipated to be met through operational cash flow, with a focus on sustainable growth strategies[20]. Product Development - New product launches are expected to contribute an additional $E million in revenue, with anticipated market acceptance driving growth[20]. - The company is investing $I million in R&D for new technologies, focusing on AI and data management solutions[20]. Market Expansion - The company is expanding its market presence in region F, targeting a market share increase of G% over the next year[20]. Strategic Acquisitions - Recent acquisitions are expected to enhance the company's capabilities, with projected synergies estimated at $H million annually[20]. Shareholder Returns - The company plans to continue its stock repurchase program, with an allocation of $K million for the upcoming fiscal year[20].