Welcome to our dedicated page for Skillz news (Ticker: SKLZ), a resource for investors and traders seeking the latest updates and insights on Skillz stock.
Skillz Inc. (NYSE: SKLZ) is a mobile games platform in the data processing, hosting, and related services industry, with a focus on skill-based competition and developer enablement. Company news releases describe Skillz as a platform that helps developers create multi-million dollar franchises by enabling social competition in their games and hosting billions of casual esports tournaments for millions of mobile players worldwide.
The Skillz news stream commonly features financial results and operating updates. The company regularly issues press releases reporting preliminary and final quarterly and annual results, including revenue, net loss, Adjusted EBITDA, paying monthly active users (PMAUs), and average revenue per paying monthly active user (ARPPU). These releases often include management commentary on engagement, monetization, and expense management, as well as explanations of non-GAAP metrics and their reconciliations to GAAP measures.
Another recurring theme in Skillz news is regulatory and listing developments. The company has reported delays in filing its Annual Report on Form 10-K and certain Quarterly Reports on Form 10-Q, notices from the New York Stock Exchange regarding timely filing requirements, and the granting of cure periods to regain compliance. Related 8-K filings and press releases provide context on the company’s efforts to complete its financial statements and maintain its NYSE listing.
Skillz news also covers strategic initiatives and programs aimed at developers. A notable example is the Skillz Developer Accelerator, which the company describes as a program to deploy up to $75 million of cash on hand over three years to support the development, promotion, and marketing of new skill-based games. News about this program details the types of support offered, including working capital, access to the company’s internal experts, a proprietary SDK, data tools, and user acquisition and operational assistance.
In addition, Skillz issues announcements about earnings calls, webcasts, and investor communications, providing dates and access details for conference calls where management reviews financial results and offers business updates. Governance-related news, such as changes in the independent registered public accounting firm, executive transitions, and equity incentive awards, is disclosed through 8-K filings and associated communications.
Investors and followers of SKLZ can use this news page to review the company’s historical and recent announcements on financial performance, listing status, developer programs, and corporate governance, all based on official press releases and SEC-reported information.
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Skillz Inc. (NYSE: SKLZ) will release its first quarter 2023 results on May 9, 2023, after market close. The earnings release will be available on its investor relations website. A Q&A conference call will follow at 4:30 PM ET, accessible via online registration for the Skillz Webcast. Participants can later access a replay of the call through May 9, 2023 by dialing the provided phone numbers. Skillz positions itself as the leading mobile games platform, enabling social competition in games and hosting esports tournaments worldwide. The company has gained numerous accolades, including recognition in Fast Company’s Best Workplaces for Innovators and Forbes’ Next Billion-Dollar Startups.
Skillz reported a Q4 2022 revenue of $46.9 million, a decline of 57% year-over-year, with a net loss of $143.5 million. The Adjusted EBITDA was $(9.5) million. For the full year, revenue reached $269.7 million, down 29%, with a net loss totaling $438.9 million. Skillz had 235,000 Paying Monthly Active Users (PMAU) in Q4, with an Average Revenue Per Paying Monthly Active User (ARPPU) of $66.6. The company also announced a restatement of previously issued financial statements due to material misstatements. Strong liquidity was noted, with cash and equivalents at $546.5 million as of December 31, 2022.
Skillz Inc. (NYSE: SKLZ) announces a change in the timing for reporting its fourth quarter and full year 2022 financial results, now scheduled for 4:30 PM ET on March 30, 2023. This new date replaces the previously set time of March 14, 2023. Following the release, a live Q&A conference call will be conducted with analysts and investors. The call will include an audio webcast accessible here. A replay of the call will be available until April 6, 2023. Skillz is recognized for its innovative mobile gaming platform, hosting millions of casual esports tournaments worldwide.
Skillz Inc. (NYSE: SKLZ) has announced that it will release its fourth quarter and full year 2022 results on March 14, 2023, post-market close. Investors can access the earnings release on the company's investor relations website. Following the release, a live conference call and Q&A session will occur at 4:30 PM ET. Participants can register online to receive dial-in details. The Q&A session will also be available for replay until March 21, 2023. Skillz is recognized as a leading mobile games platform focused on fair competition, hosting various esports tournaments worldwide.
Skillz (NYSE: SKLZ) has appointed Alvin Lobo as its new Chief Financial Officer, bringing extensive experience in the esports and gaming sectors. Previously the CFO of Score Media and Gaming, Lobo played a vital role in the company's IPO and sale to Penn Entertainment. He will oversee finance functions, including accounting and investor relations, reporting directly to CEO Andrew Paradise. This leadership change aims to enhance financial performance and foster growth for Skillz, which is positioned as a leader in mobile gaming competition.
Skillz (NYSE: SKLZ) welcomes Kevin Chessen, co-founder of BTIG, to its Board of Directors. Chessen, who will also serve on the Audit Committee, brings decades of financial expertise. His past roles include Head of Listed Trading at Banc of America Securities and Head of Asian Equity Trading at Merrill Lynch. Chessen expressed enthusiasm about joining Skillz, highlighting its innovative approach in the mobile gaming industry. CEO Andrew Paradise emphasized Chessen's experience as crucial for Skillz's future growth. Skillz is recognized for its competitive mobile gaming platform, hosting numerous casual esports tournaments.