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Pluralsight, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2020 10-K, filed Feb 26, 2021. Its latest SEC filing is a SC 13G/A from Feb 14, 2022.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Provides online technology skills training, assessment tools, and software development workflow analytics to businesses and individual learners.

How Did They Make Money?

Customers pay for access to the platform through subscriptions, with subscription revenue spread over the contract term; professional-services fees are earned as those services are performed.

revenue

Who Were Their Customers?

Businesses buy through a direct sales team and the website, while individuals and small teams can subscribe through self-service; the company also expands deployments from small teams to departments and company-wide use.

Did Revenues Turn Into Profits?

No. It lost $128.1M in .

Operating income,
−37% of revenue
▼ −4% (Loss) vs (−$150M, −47%)
Net income,
−33% of revenue
▲ +14% (Loss) vs (−$112.7M, −36%)

How Were They Changing?

Since the FY2020 annual report
  • Apr 7, 2021 Vista completed its acquisition of Pluralsight The mergers were consummated on April 6, 2021, and shares were converted into rights to receive cash consideration.
  • Mar 30, 2021 Pluralsight issued first-quarter revenue guidance Revenue for the quarter ended March 31, 2021 was expected to be between $104.5 - $106.5 million.
  • Mar 8, 2021 Vista raised its cash offer and amended the merger agreement The revised agreement set cash consideration at $22.50 per share.

Grew. Revenue grew 3.0x in 4 years, from $131.8M in to $391.9M in , about 31% a year.

Who Did They Compete With?

Competes with Global Knowledge, General Assembly, New Horizons, Skillsoft, O’Reilly, A Cloud Guru, CBT Nuggets, LinkedIn Learning, Udemy, Udacity, Code Climate, Waydev, BlueOptima, and YouTube

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