Skillz Inc
NYSE:SKLZ

  • LAST PRICE
    4.9900
  • TODAY'S CHANGE (%)
    -0.0800 (-1.5779%)
  • Bid / Lots
    4.9800/ 6
  • Ask / Lots
    5.0000/ 6
  • Open / Previous Close
    5.1200 / 5.0700
  • Day Range
    4.8800
    5.2300
  • 52 Week Range
    4.7200
    7.4800
  • Volume
    137,229

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  • Nov 7, 2024

      Show headlines and story abstract

    • 6:24PM ET on Thursday Nov 07, 2024 by Dow Jones
      Companies Mentioned: SKLZ
      obligations (682) (807) Payments for extinguishment of debt -- (135,855) Repurchase of common stock (10,905) -- Payments to cover taxes upon exercise of stock options and issuance of common stock (1,236) -- Proceeds from exercise of common stock warrants, net of redemptions -- 46 ------- -------- Net cash used in financing activities (12,823) (136,616) ------- -------- Net change in cash, cash equivalents and restricted cash (585) (32,358) Cash, cash equivalents and restricted cash -- beginning of year 312,028 365,436 ------- -------- Cash, cash equivalents and restricted cash -- end of period $311,443 $ 333,078 ======= ======== Supplemental cash flow data: Cash paid during the period for: Interest $ 6,726 $ 12,261 Taxes $ 183 $ 200 Skillz Inc. Reconciliation of GAAP Net Loss to Adjusted EBITDA (Unaudited) (in thousands) Three Months Ended Nine Months Ended September 30, September 30, -------------------- ---------------------- 2024 2023 2024 2023 ------- ------- ------- ------- Net loss $(21,115) $(33,545) $(21,793) $(85,848) Interest income (expense), net (242) 2,279 (688) 7,486 Stock-based compensation 6,721 12,440 22,894 33,610 Change in fair value of warrant liability -- (127) (11) (278) Provision for income taxes 32 9 142 193 Depreciation and amortization 389 486 1,188 1,858 Gain on extinguishment of debt -- -- -- (15,205) Gain from litigation settlement(1) -- -- (46,000) -- Other income (expense), net 333 (48) 78 (98) Impairment charges -- -- -- 455 Adjusted EBITDA $(13,882) $(18,506) $(44,190) $(58,282) ======= ======= ======= ======= 1) For the nine months ended September 30, 2024, amount represents certain funds received as part of the settlement with AviaGames. Skillz Inc. Reconciliation of GAAP to Non-GAAP Operating Expenses (in thousands) Three Months Ended Nine Months Ended September 30, September 30, ------------------ ---------------------- 2024 2023 2024 2023 ------ ------ ------- ------- Research and development $ 4,742 $ 7,852 $ 13,638 $ 24,757 Less: stock-based compensation (322) (1,415) (651) (3,581) ------ ------ ------- ------- Non-GAAP research and development $ 4,420 $ 6,437 $ 12,987 $ 21,176 ====== ====== ======= ======= Sales and marketing $19,294 $31,925 $ 61,138 $ 99,510 Less: stock-based compensation (1,086) (2,482) (4,885) (6,478) ------ ------ ------- ------- Non-GAAP sales and marketing $18,208 $29,443 $ 56,253 $ 93,032 ====== ====== ======= ======= General and administrative $18,147 $24,389 $ 58,419 $ 78,080 Less: stock-based compensation (5,309) (8,543) (17,351) (23,551) ------ ------ ------- ------- Non-GAAP general and administrative $12,838 $15,846 $ 41,068 $ 54,529 ====== ====== ======= ======= Skillz Inc. Supplemental Financial Information Three Months Ended Nine Months Ended September 30, September 30, -------------------------- -------------------------- 2024 2023 2024 2023 ------- ------- ------- ------- Gross marketplace volume ("GMV") (000s)(1) $158,238 $241,146 $481,169 $774,007 Paying monthly active users ("PMAUs") (000s)(2) 121 168 121 193 Monthly active users ("MAUs") (000s)(3) 845 1,038 837 1,094 Average GMV per paying monthly active user(4) $ 435.9 $ 478.8 $ 441.8 $ 446.2 Average GMV per monthly active user(5) $ 62.4 $ 77.5 $ 63.9 $ 78.6 Average revenue per paying monthly active user ("ARPPU")(6) $ 67.6 $ 72.3 $ 68.9 $ 69.9 Average revenue per monthly active user ("ARPU")(7) $ 9.7 $ 11.7 $ 10.0 $ 12.3 Paying MAU to MAU ratio 14% 16% 14% 18% Average end-user incentives, included as sales and marketing expense, per paying active user(8) $ 28.0 $ 33.6 $ 27.1 $ 29.8 Average end-user incentives, included as sales and marketing expense, per playing active user(9) $ 4.0 $ 5.4 $ 3.9 $ 5.2

    • 4:23PM ET on Thursday Nov 07, 2024 by MT Newswires
      Companies Mentioned: SKLZ
      04:23 PM EST, 11/07/2024 (MT Newswires) -- ...

    • 4:05PM ET on Thursday Nov 07, 2024 by Dow Jones
      Companies Mentioned: SKLZ
      obligations (682) (807) Payments for extinguishment of debt -- (135,855) Repurchase of common stock (10,905) -- Payments to cover taxes upon exercise of stock options and issuance of common stock (1,236) -- Proceeds from exercise of common stock warrants, net of redemptions -- 46 ------- -------- Net cash used in financing activities (12,823) (136,616) ------- -------- Net change in cash, cash equivalents and restricted cash (585) (32,358) Cash, cash equivalents and restricted cash -- beginning of year 312,028 365,436 ------- -------- Cash, cash equivalents and restricted cash -- end of period $311,443 $ 333,078 ======= ======== Supplemental cash flow data: Cash paid during the period for: Interest $ 6,726 $ 12,261 Taxes $ 183 $ 200 Skillz Inc. Reconciliation of GAAP Net Loss to Adjusted EBITDA (Unaudited) (in thousands) Three Months Ended Nine Months Ended September 30, September 30, -------------------- ---------------------- 2024 2023 2024 2023 ------- ------- ------- ------- Net loss $(21,115) $(33,545) $(21,793) $(85,848) Interest income (expense), net (242) 2,279 (688) 7,486 Stock-based compensation 6,721 12,440 22,894 33,610 Change in fair value of warrant liability -- (127) (11) (278) Provision for income taxes 32 9 142 193 Depreciation and amortization 389 486 1,188 1,858 Gain on extinguishment of debt -- -- -- (15,205) Gain from litigation settlement(1) -- -- (46,000) -- Other income (expense), net 333 (48) 78 (98) Impairment charges -- -- -- 455 Adjusted EBITDA $(13,882) $(18,506) $(44,190) $(58,282) ======= ======= ======= ======= 1) For the nine months ended September 30, 2024, amount represents certain funds received as part of the settlement with AviaGames. Skillz Inc. Reconciliation of GAAP to Non-GAAP Operating Expenses (in thousands) Three Months Ended Nine Months Ended September 30, September 30, ------------------ ---------------------- 2024 2023 2024 2023 ------ ------ ------- ------- Research and development $ 4,742 $ 7,852 $ 13,638 $ 24,757 Less: stock-based compensation (322) (1,415) (651) (3,581) ------ ------ ------- ------- Non-GAAP research and development $ 4,420 $ 6,437 $ 12,987 $ 21,176 ====== ====== ======= ======= Sales and marketing $19,294 $31,925 $ 61,138 $ 99,510 Less: stock-based compensation (1,086) (2,482) (4,885) (6,478) ------ ------ ------- ------- Non-GAAP sales and marketing $18,208 $29,443 $ 56,253 $ 93,032 ====== ====== ======= ======= General and administrative $18,147 $24,389 $ 58,419 $ 78,080 Less: stock-based compensation (5,309) (8,543) (17,351) (23,551) ------ ------ ------- ------- Non-GAAP general and administrative $12,838 $15,846 $ 41,068 $ 54,529 ====== ====== ======= ======= Skillz Inc. Supplemental Financial Information Three Months Ended Nine Months Ended September 30, September 30, -------------------------- -------------------------- 2024 2023 2024 2023 ------- ------- ------- ------- Gross marketplace volume ("GMV") (000s)(1) $158,238 $241,146 $481,169 $774,007 Paying monthly active users ("PMAUs") (000s)(2) 121 168 121 193 Monthly active users ("MAUs") (000s)(3) 845 1,038 837 1,094 Average GMV per paying monthly active user(4) $ 435.9 $ 478.8 $ 441.8 $ 446.2 Average GMV per monthly active user(5) $ 62.4 $ 77.5 $ 63.9 $ 78.6 Average revenue per paying monthly active user ("ARPPU")(6) $ 67.6 $ 72.3 $ 68.9 $ 69.9 Average revenue per monthly active user ("ARPU")(7) $ 9.7 $ 11.7 $ 10.0 $ 12.3 Paying MAU to MAU ratio 14% 16% 14% 18% Average end-user incentives, included as sales and marketing expense, per paying active user(8) $ 28.0 $ 33.6 $ 27.1 $ 29.8 Average end-user incentives, included as sales and marketing expense, per playing active user(9) $ 4.0 $ 5.4 $ 3.9 $ 5.2

  • Oct 31, 2024

      Show headlines and story abstract

    • 11:02AM ET on Thursday Oct 31, 2024 by Dow Jones
      Companies Mentioned: SKLZ

      Skillz to Report 2024 Third Quarter Results on November 7 and Host Conference Call and Webcast
      LAS VEGAS--(BUSINESS WIRE)--October 31, 2024--
      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 third quarter financial results after the close of the market on Thursday, November 7, 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 question-and-answer session. Both the call and webcast are open to the public.

    • 11:00AM ET on Thursday Oct 31, 2024 by Dow Jones
      Companies Mentioned: SKLZ

      Skillz to Report 2024 Third Quarter Results on November 7 and Host Conference Call and Webcast
      LAS VEGAS--(BUSINESS WIRE)--October 31, 2024--
      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 third quarter financial results after the close of the market on Thursday, November 7, 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 question-and-answer session. Both the call and webcast are open to the public.

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