Group 1 - Skillz Inc. reported a quarterly loss of $1.20 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.98, and an improvement from a loss of $1.57 per share a year ago, indicating an earnings surprise of -22.45% [1] - The company posted revenues of $24.56 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 10.16%, and down from $36.43 million in the same quarter last year [2] - Skillz shares have declined approximately 10.7% year-to-date, contrasting with the S&P 500's gain of 24.3% [3] Group 2 - The earnings outlook for Skillz is mixed, with the current consensus EPS estimate for the upcoming quarter at -$0.89 on revenues of $29.28 million, and for the current fiscal year at -$1.99 on revenues of $107.15 million [7] - The Zacks Industry Rank indicates that the Gaming industry is currently in the bottom 36% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - The company has surpassed consensus EPS estimates two times over the last four quarters, but has not beaten consensus revenue estimates during the same period [2]

Skillz Announces Third Quarter 2024 Results LAS VEGAS--(BUSINESS WIRE), November 7, 2024-- Skillz Inc. (NYSE: SKLZ) ("Skillz" or the "Company"), the leading mobile games platform bringing fair competition to players worldwide, today reported unaudited financial results for the third quarter ended September 30, 2024. Third Quarter Financial Update (Unaudited): • Revenue of $24.6 million. • Net loss of $21.1 million. • Adjusted EBITDA of $(13.9) million. • Paying monthly active users (PMAU) of 121,000. • Aver ...

SAN DIEGO, Sept. 24, 2024 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announced an update in the lawsuit that was pending for certain investors who purchased NYSE: SKLZ shares. Investors who purchased shares Flying Eagle Acquisition Corp. (formerly NYSE: FEAC) that later became Skillz Inc. (NYSE: SKLZ) shares have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. Skillz Inc became a public company in December 2020 by ...

SAN DIEGO, Sept. 17, 2024 /PRNewswire/ -- The Shareholders Foundation, Inc. announces an update in the lawsuit that was pending for certain investors who purchased shares of Skillz Inc. (NYSE: SKLZ). Investors who purchased shares Flying Eagle Acquisition Corp. (formerlyNYSE: FEAC) that then became Skillz Inc. (NYSE: SKLZ) shares have also certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554. Skillz Inc became a public company in December 2020 by mer ...

Skillz Inc. (SKLZ) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Individual investors ...

Skillz Inc. (SKLZ) came out with a quarterly loss of $0.57 per share versus the Zacks Consensus Estimate of a loss of $1.36. This compares to loss of $1.62 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 58.09%. A quarter ago, it was expected that this company would post a loss of $1.24 per share when it actually produced a loss of $1.45, delivering a surprise of -16.94%. Over the last four quarters, the company has surpassed ...

Skillz Inc. (NYSE:SKLZ) Q1 2024 Earnings Conference Call May 9, 2024 4:30 PM ET Company Participants Jim Leahy - JCIR Andrew Paradise - Co-Founder & Chief Executive Officer Gaetano Franceschi - Chief Financial Officer Conference Call Participants Operator Good afternoon, all. I would like to welcome you all to Skillz Incorporated 2024 First Quarter Results Call. My name is Elliot, and I'll be your moderator for today's call. [Operator Instructions]. I'd now like to pass the conference over to your host, Jim ...

Skillz Inc. (SKLZ) came out with a quarterly loss of $1.45 per share versus the Zacks Consensus Estimate of a loss of $1.24. This compares to loss of $1.80 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.94%. A quarter ago, it was expected that this company would post a loss of $1.48 per share when it actually produced a loss of $1.04, delivering a surprise of 29.73%.Over the last four quarters, the company has surpassed c ...

Financial Performance - Revenue for Q1 2024 was $25.2 million, a decrease from $44.4 million in Q1 2023, representing a year-over-year decline of approximately 43%[16] - Gross profit for the quarter was $21.8 million, with a gross margin of approximately 86.3%[7] - Net loss for Q1 2024 was $26.7 million, compared to a net loss of $35.6 million in Q1 2023, showing an improvement of about 25% year-over-year[16] - Adjusted EBITDA loss was $(17.7) million, reflecting a reduction in losses compared to previous periods[7] - Adjusted EBITDA improved from $(20,893) thousand in Q1 2023 to $(17,690) thousand in Q1 2024, representing an improvement of about 15.5%[20] User Engagement - Paying monthly active users (PMAUs) totaled 121,000, indicating a focus on user engagement and retention strategies[7] - Monthly active users (MAUs) fell from 1,176 thousand in Q1 2023 to 860 thousand in Q1 2024, a decrease of about 26.8%[24] - Paying monthly active users (PMAUs) decreased from 214 thousand in Q1 2023 to 121 thousand in Q1 2024, a decline of approximately 43.5%[24] - Average Revenue Per Paying Monthly Active User (ARPPU) was $69.8, which is a key metric for assessing monetization effectiveness[7] - Average revenue per monthly active user (ARPU) decreased from $12.6 in Q1 2023 to $9.8 in Q1 2024, a decline of about 22.2%[24] - Average GMV per paying monthly active user increased from $432.4 in Q1 2023 to $444.3 in Q1 2024, an increase of approximately 2.2%[24] Operating Expenses and Financial Position - Total operating expenses, excluding cost of revenue, were $48.6 million, down from $76.5 million in the same quarter last year, marking a reduction of approximately 36%[7] - The company ended Q1 2024 with over $300 million in cash and restricted cash, providing financial flexibility for future investments[3] - Total current liabilities increased from $53,382 thousand as of December 31, 2023, to $64,988 thousand as of March 31, 2024, an increase of about 21.7%[17] - Cash and cash equivalents decreased from $302,028 thousand at the end of 2023 to $290,601 thousand at the end of Q1 2024, a decline of approximately 3.8%[17] Compliance and Strategic Initiatives - The company is currently addressing compliance issues related to its delayed 10-K filing and is working to regain compliance with NYSE listing standards[12] - Skillz aims to achieve positive Adjusted EBITDA on a run-rate basis by late 2024 through strategic initiatives and increased user acquisition spending[3] Asset Management - Total assets decreased from $395,825 thousand as of December 31, 2023, to $382,352 thousand as of March 31, 2024, a decline of approximately 3.4%[17] - Gross marketplace volume (GMV) decreased from $277,632 thousand in Q1 2023 to $161,269 thousand in Q1 2024, a decline of approximately 42%[24]

LAS VEGAS--(BUSINESS WIRE)--Skillz Inc. (NYSE: SKLZ) (“Skillz” or the “Company”), the leading mobile games platform bringing fair and fun competition to players worldwide, today announced that it will release its 2024 first quarter financial results after the close of the market on Thursday, May 9, 2024, and host a conference call and simultaneous webcast at 4:30 p.m. ET that day. During the call, Skillz management will review the Company’s financial results and provide a business update, followed by a ques ...