Financial Snapshot

Revenue
$116.1M
TTM
Gross Margin
87.77%
TTM
Net Earnings
-$55.03M
TTM
Current Assets
$334.8M
Q2 2024
Current Liabilities
$52.44M
Q2 2024
Current Ratio
638.4%
Q2 2024
Total Assets
$402.9M
Q2 2024
Total Liabilities
$187.6M
Q2 2024
Book Value
$215.2M
Q2 2024
Cash
Q2 2024
P/E
-1.825
Sep 18, 2024 EST
Free Cash Flow
-$9.831M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $150.1M $269.7M $384.1M $230.1M $119.9M $50.78M
YoY Change -44.34% -29.78% 66.91% 91.97% 136.07%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $150.1M $269.7M $384.1M $230.1M $119.9M $50.78M
Cost Of Revenue $15.38M $30.72M $24.71M $12.28M $5.713M $2.112M
Gross Profit $134.7M $239.0M $359.4M $217.8M $114.2M $48.67M
Gross Profit Margin 89.76% 88.61% 93.57% 94.66% 95.23% 95.84%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $222.5M $440.0M $600.5M $294.2M $127.7M $66.66M
YoY Change -49.43% -26.72% 104.09% 130.32% 91.63%
% of Gross Profit 165.17% 184.12% 167.09% 135.07% 111.9% 136.98%
Research & Development $28.15M $52.27M $46.02M $23.23M $11.24M $7.547M
YoY Change -46.14% 13.58% 98.14% 106.61% 48.95%
% of Gross Profit 20.89% 21.87% 12.8% 10.66% 9.85% 15.51%
Depreciation & Amortization $1.961M $17.87M $11.13M $1.609M $711.0K $400.0K
YoY Change -89.03% 60.52% 591.92% 126.3% 77.75%
% of Gross Profit 1.46% 7.48% 3.1% 0.74% 0.62% 0.82%
Operating Expenses $250.7M $492.3M $646.5M $317.5M $139.0M $74.21M
YoY Change -49.08% -23.85% 103.65% 128.41% 87.29%
Operating Profit -$116.0M -$421.4M -$287.1M -$99.62M -$24.83M -$25.55M
YoY Change -72.48% 46.75% 188.21% 301.24% -2.81%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense -$3.171M $23.99M $1.222M $1.325M $2.497M $2.190M
YoY Change -113.22% 1863.34% -7.77% -46.94% 14.02%
% of Operating Profit
Other Income/Expense, Net $786.0K $125.0K $49.00K -$21.40M $3.720M -$45.00K
YoY Change 528.8% 155.1% -100.23% -675.27% -8366.67%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income -$106.5M -$439.2M -$200.4M -$145.4M -$23.61M -$27.78M
YoY Change -75.76% 119.2% 37.81% 515.95% -15.03%
Income Tax $228.0K -$345.0K -$19.00M $115.0K $0.00 $0.00
% Of Pretax Income
Net Earnings -$106.7M -$438.9M -$181.4M -$145.5M -$23.61M -$27.78M
YoY Change -75.69% 141.97% 24.65% 516.44% -15.03%
Net Earnings / Revenue -71.08% -162.72% -47.22% -63.23% -19.69% -54.71%
Basic Earnings Per Share -$4.85 -$1.07 -$0.47 -$0.49 -$0.09
Diluted Earnings Per Share -$5.11 -$1.07 -$0.69 -$0.49 -$0.09 -$117.8K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $302.0M $489.8M $560.4M $262.7M $25.60M
YoY Change -38.33% -12.6% 113.32% 926.17%
Cash & Equivalents $302.0M $362.5M $241.3M $262.7M $25.60M
Short-Term Investments $0.00 $127.3M $319.1M
Other Short-Term Assets $16.40M $4.722M $16.70M $10.50M $9.500M
YoY Change 247.33% -71.73% 59.09% 10.53%
Inventory
Prepaid Expenses
Receivables $5.942M $7.177M $13.50M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $324.4M $501.7M $590.6M $273.2M $35.10M
YoY Change -35.34% -15.05% 116.17% 678.35%
Property, Plant & Equipment $14.55M $3.463M $24.50M $5.300M $3.600M
YoY Change 320.13% -85.86% 362.25% 47.22%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $53.89M $112.4M $238.3M
YoY Change -52.04% -52.84%
Other Assets $2.692M $3.772M $3.478M $3.900M $100.0K
YoY Change -28.63% 8.45% -10.82% 3800.0%
Total Long-Term Assets $71.13M $119.6M $432.2M $9.200M $3.800M
YoY Change -40.53% -72.33% 4598.23% 142.11%
Total Assets $395.5M $621.3M $1.023B $282.4M $38.90M
YoY Change
Accounts Payable $1.712M $1.696M $19.75M $22.00M $2.900M
YoY Change 0.94% -91.41% -10.21% 658.62%
Accrued Expenses $1.364M $25.92M $62.96M $22.50M $6.100M
YoY Change -94.74% -58.83% 179.83% 268.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $54.85M $49.50M $86.83M $47.40M $10.50M
YoY Change 10.81% -43.0% 83.19% 351.43%
Long-Term Debt $123.9M $272.8M $278.9M $0.00 $9.600M
YoY Change -54.57% -2.19% -100.0%
Other Long-Term Liabilities $11.57M $20.62M $33.40M $178.3M $100.0K
YoY Change -43.89% -38.28% -81.27% 178200.0%
Total Long-Term Liabilities $135.5M $293.4M $312.3M $178.3M $9.700M
YoY Change -53.82% -6.05% 75.15% 1738.14%
Total Liabilities $190.3M $342.9M $399.1M $225.6M $20.20M
YoY Change -44.49% -14.09% 76.92% 1016.83%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 20.89M shares 410.0M shares 384.6M shares 294.5M shares 261.2M shares
Diluted Shares Outstanding 20.89M shares 410.0M shares 388.5M shares 294.5M shares 261.2M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $100.4 Million

About Skillz Inc

Skillz, Inc. operates a mobile gaming platform that connects players in competition. The company is headquartered in Las Vegas, Nevada. The company went IPO on 2020-03-05. The Skillz platform helps developers create franchises. The firm hosts various casual eSports tournaments for various mobile players worldwide. Its technology platform aligns the interests of developers and gamers with respect to user monetization. The company monetizes user engagement primarily through prizes. The firm offers a range of gaming experiences for users. The company enables game genres that can be played asynchronously, synchronously or turn-based synchronously. Its end-to-end technology platform enables mobile game developers to improve gameplay experiences and drive improved engagement, retention and revenue from their content. The company offers an integrated software development kit (SDK), which contains over 200 features, including various social features, such as in-game chat, friends, tournaments and leagues, which allow players to interact and build relationships in the player community.

Industry: Services-Computer Processing & Data Preparation Peers: PLAYSTUDIOS Inc Activision Blizzard, Inc. Golden Matrix Group Inc Motorsport Games Inc SciPlay Corp Take-Two Interactive Software Inc