Skillz Inc. is set to announce its quarterly earnings on Wednesday, May 6th, with a consensus estimate of -0.69015 EPS.
Skillz Inc.'s stock price stands at $6.74, marking a significant 6.05% increase from the previous close. Trading volume is notably higher at $1.13 million, up by 132.18%.
In the latest quarterly report on Monday, March 30th, Skillz Inc. reported an EPS of -1.07, slightly below the consensus estimate of -1.0338. Total revenue reached $27.34 million, surpassing the expected $26 million.
The company experienced a net change in cash of -$17.29 million, with operating cash flow at -$12.41 million. Notable figures include stock-based compensation of $5.23 million and debt repayment of $18,000.
Skillz Inc. generated revenue of $27.34 million, resulting in a gross profit of $23.83 million. Operating income was recorded at -$27.8 million, with a net income of -$29.12 million, translating to an EPS of -$1.87.
Key ratios reveal a quick ratio of 1.2, gross profit margin of 87.16%, and a debt ratio of 43.86. Noteworthy is the negative operating profit margin of -101.69% and return on equity of -26.04.
Skillz Inc. holds $194.51 million in cash and cash equivalents, with total assets amounting to $293.45 million. Total liabilities stand at $181.63 million, showcasing a relatively healthy financial position.
This comprehensive review highlights Skillz Inc.'s recent performance and financial standing, indicating a positive sentiment in the market.
Skillz Inc. operates a mobile games platform that connects players in fair, fun, and meaningful competition. The company primarily develops and supports a proprietary online-hosted technology platform that enables independent game developers to host tournaments and provide competitive gaming activity to end-users worldwide. It also hosts casual esports tournaments to a range of mobile players. The company distributes games through direct app download from its website, as well as through third-party platforms. Skillz Inc. was founded in 2012 and is headquartered in San Francisco, California.