Reported Earnings • 13h
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: US$0.69 loss per share (improved from US$1.05 loss in 1Q 2025). Revenue: US$29.1m (up 33% from 1Q 2025). Net loss: US$10.9m (loss narrowed 36% from 1Q 2025). Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Entertainment industry in the US. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • May 12
Skillz Inc. to Report Q1, 2026 Results on May 15, 2026 Skillz Inc. announced that they will report Q1, 2026 results After-Market on May 15, 2026 Announcement • Apr 16
Skillz Inc., Annual General Meeting, Jun 18, 2026 Skillz Inc., Annual General Meeting, Jun 18, 2026. New Risk • Apr 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 21% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (21% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$30m net loss in 3 years). Market cap is less than US$100m (US$43.7m market cap). Reported Earnings • Apr 04
Full year 2025 earnings released: US$4.51 loss per share (vs US$2.62 loss in FY 2024) Full year 2025 results: US$4.51 loss per share (further deteriorated from US$2.62 loss in FY 2024). Revenue: US$104.5m (up 13% from FY 2024). Net loss: US$70.4m (loss widened 51% from FY 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Entertainment industry in the US. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Announcement • Mar 30
Skillz Inc. to Report Q4, 2025 Results on Mar 31, 2026 Skillz Inc. announced that they will report Q4, 2025 results After-Market on Mar 31, 2026 Announcement • Mar 10
Skillz Inc. Appoints Jeff Shouger as Advisor to the Board of Directors Skillz Inc. announced that Jeff Shouger, former Chief Financial Officer of Niantic Inc. throughout its $3.5 billion acquisition by Scopely, has agreed to serve as an advisor to the Skillz Board of Directors. In his role, Shouger will work closely with the Board and leadership team, providing guidance on capital markets strategy, financial discipline, operational scale, and long-term value creation. As CFO of Niantic, the world’s leading augmented reality company and creator of Pokémon GO, Ingress, and Harry Potter: Wizards Unite, Shouger led multiple successful capital raises totaling nearly $1 billion. Prior to Niantic, Mr. Shouger served as Vice President of Finance and Chief Accounting Officer at Zynga, where he helped lead the company through its successful $1 billion IPO, scaled the finance organization during a period of rapid growth, and supported more than 25 strategic M&A transactions. With more than two decades of financial leadership experience across high-growth technology and interactive entertainment companies, Shouger has guided organizations through critical moments of scale, capital formation, and transformation. Earlier in his career, he held senior finance roles at data.ai (formerly App Annie), where he led a $50 million capital raise, and Proteolix, where he was part of the internal team that completed the company’s $851 million sale to Onyx. Announcement • Mar 05
Skillz Inc Announces Upcoming Debut Of Skillz Pro SDK At GDC 2026 Skillz Inc. announced the upcoming debut of Skillz Pro SDK, the next evolution of its SDK designed to increase flexibility, expand creative possibilities, and potentially unlock new monetization opportunities for game studios. Pro SDK will be formally unveiled during a live session at next week’s Game Developers Conference in San Francisco. Pro SDK builds on the foundation of the Skillz platform, which powers real-money gameplay through head-to-head matchups, live events, and leaderboards engaging millions of players globally. With Pro SDK, the competitive experience lives directly within the game environment. Developers can design custom lobbies, tournament flows, match interfaces, and progression systems with more creative control, while Skillz manages the underlying platform infrastructure. Pro SDK is designed to enable developers to build fully customized, game-focused user experiences, integrate progression systems, collections, personalization, and rewards directly into gameplay loops, introduce layered monetization models including meta systems, cosmetic economies, content bundles, and in-app advertising, deliver dynamic content updates through asset bundles without requiring full app releases, and access Skillz authentication, tournament, matchmaking, and player data through direct APIs. By consolidating gameplay and meta layers within Unity while preserving secure transaction and compliance systems within the Core SDK, Pro SDK creates a modular and connected development framework that supports both real-money and non-real-money formats. The development of Pro SDK reflects Skillz’s evolution into a unified platform-and-publisher model, strengthened through integration with Beamable’s live-service backend technology. Beamable will power the scalable infrastructure behind Pro SDK, enabling real-time content updates, virtual economies, and LiveOps capabilities. Published titles will serve as proving grounds for new features before ecosystem-wide release, with Puzzle Blockz acting as the first live implementation of the integrated Pro SDK and Beamable stack. This approach accelerates iteration, reduces risk for developers, and ensures new capabilities are validated in real-world environments before broader rollout. Skillz will unveil Pro SDK and present its vision for the future of competitive gaming during a live session at GDC on March 11. Developer access to Pro SDK is expected to begin in Second Quarter 2026, with a self-service onboarding pathway planned for later this year. Announcement • Feb 18
Skillz Inc. Appoints Shannon Demus to its Board of Directors and Audit Committee, Effective February 13, 2026 On February 13, 2026, the Board of Directors of Skillz Inc. appointed Shannon Demus to the Board, effective immediately. Ms. Demus has served as Chief Financial Officer – Americas since March 2023 at Light & Wonder (formerly Scientific Games), a developer of content, hardware, and systems for land-based casinos, digital gaming, and mobile applications. Prior to that, Ms. Demus served as Vice President of Finance at Light and Wonder from August 2021 to March 2023. Prior to joining Light & Wonder, Ms. Demus held financial roles at Aristocrat Technologies and MGM Resorts International. Ms. Demus holds an M.B.A. from the UCLA Anderson School of Management and a B.S. in Business Administration from USC’s Marshall School of Business. Ms. Demus also serves as a board member and corporate officer for United Way of Southern Nevada (UWSN). Also, on February 13, 2026, the Board appointed Ms. Demus to the Audit Committee, effective immediately. New Risk • Feb 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$33m net loss in 3 years). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$49.1m market cap). Price Target Changed • Feb 12
Price target decreased by 41% to US$6.00 Down from US$10.25, the current price target is provided by 1 analyst. New target price is 72% above last closing price of US$3.49. Stock is down 43% over the past year. The company is forecast to post a net loss per share of US$3.67 next year compared to a net loss per share of US$2.62 last year. Announcement • Feb 05
Skillz Inc. (NYSE:SKLZ) acquired Certain Assets of Beamable, Inc. Skillz Inc. (NYSE:SKLZ) acquired Certain Assets of Beamable, Inc. on February 4, 2026.
Skillz Inc. (NYSE:SKLZ) completed the acquisition of Certain Assets of Beamable, Inc. on February 4, 2026. Announcement • Dec 20
Skillz Inc. Announces CFO Changes On December 17, 2025, Mr. Gaetano Franceschi and Skillz Inc. entered into a transition and separation agreement (the “Transition and Separation Agreement”) providing for the termination of Mr. Franceschi’s employment without cause as Chief Financial Officer of the Company, effective as of January 12, 2026 (the “Effective Date”). Mr. Franceschi’s termination was approved by the board of directors of the Company (the “Board”) on December 12, 2025. Following the Effective Date, Mr. Franceschi will remain employed with the Company through January 31, 2026 (the “Termination Date”) and will provide transition services to the Company in such capacity. Mr. Franceschi’s termination was not related to the Company’s financial or operating results or to any disagreements or concerns regarding the Company’s financial or reporting practices. For purposes of the previously disclosed Skillz Inc. Executive Severance and Change in Control Plan (the “Executive Severance Plan”), Mr. Franceschi’s termination will be treated as a “Non-CIC Qualifying Termination.” Effective as of the Effective Date, Michael Darwal, 42, will be appointed as the Chief Financial Officer of the Company, succeeding Mr. Franceschi in such role. Mr. Darwal previously served as the Deputy CFO and President of ibex Digital from July 2025 until December 2025, as Deputy CFO and EVP of Investor Relations of ibex Digital from September 2022 to July 2025, and the Chief Digital Officer of ibex Digital and in various other roles at its predecessor company, Digital Globe Services, from November 2013 until September 2022. For the decade prior to joining Digital Globe Services, Mr. Darwal held leadership roles in finance, operations, and innovation at an early Facebook marketing agency, Ampush Media, as well as other public companies, Del Monte Foods and Progressive Insurance. Mr. Darwal holds a B.S.B.A. in Accounting and Information Systems from The Ohio State University. Announcement • Dec 19
Skillz Inc., Annual General Meeting, Dec 29, 2025 Skillz Inc., Annual General Meeting, Dec 29, 2025. Announcement • Nov 13
Skillz Inc. announced delayed 10-Q filing On 11/12/2025, Skillz Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • Nov 12
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: US$1.14 loss per share (improved from US$1.20 loss in 3Q 2024). Revenue: US$27.4m (up 11% from 3Q 2024). Net loss: US$17.4m (loss narrowed 17% from 3Q 2024). Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 3.6%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Entertainment industry in the US. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Announcement • Nov 03
Skillz Inc. to Report Q3, 2025 Results on Nov 06, 2025 Skillz Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 06, 2025 Announcement • Oct 02
Skillz Announces NYSE Grants Extension For Continued Listing Of Class A Common Stock As previously disclosed, on April 2, 2025, Skillz Inc. (the “Company”) received a notice from the New York Stock Exchange (“NYSE”) indicating that the Company was not in compliance with the NYSE’s continued listing requirements under the timely filing criteria outlined in Section 802.01E of the NYSE Listed Company Manual, as a result of the Company not timely filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the “2024 Form 10-K”). The NYSE informed the Company that, under the NYSE’s rules, the Company would have six months to file the 2024 Form 10-K with the SEC and that the NYSE would continue to list the Company’s shares on the NYSE, provided that the Company regains compliance with Section 802.01E within the initial six-month cure period. The Company presented a compliance plan to the NYSE in September 2025 to request an additional extension period for the continued listing of its Class A common stock on the NYSE (the “Additional Cure Period”) in order for the Company to complete and file its 2024 Form 10-K, and its Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2025 and June 30, 2025, and any subsequent delinquent SEC quarterly filings (collectively, the “Delayed Filings”), and regain compliance with the NYSE’s continued listing requirements. On September 25, 2025, the NYSE granted the Company’s request for an Additional Cure Period and agreed to provide the Company with an extension to continue its listing on the NYSE through December 17, 2025, subject to NYSE’s ongoing reassessment and provided the Company becomes current with its SEC filings by such date. The Company continues to work diligently to complete and file the Delayed Filings as soon as reasonably practicable, which the Company expects to be in advance of the timing requirements set forth by the NYSE. Announcement • Aug 13
Skillz Inc. announced delayed 10-Q filing On 08/12/2025, Skillz Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Aug 01
Skillz Inc. to Report Q2, 2025 Results on Aug 07, 2025 Skillz Inc. announced that they will report Q2, 2025 results After-Market on Aug 07, 2025 Announcement • May 14
Skillz Inc. announced delayed 10-Q filing On 05/13/2025, Skillz Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • May 07
Skillz Inc. to Report Q1, 2025 Results on May 08, 2025 Skillz Inc. announced that they will report Q1, 2025 results After-Market on May 08, 2025 Announcement • Apr 09
Skillz Gets NYSE Non-Compliance Notice Over Delayed Filing Skillz Inc. announced it received a non-compliance notice from the New York Stock Exchange after failing to file its Form 10-K for the fiscal year ended Dec. 31, 2024, by the extended deadline of April 1. Under NYSE rules, the company has six months from March 17 to file the report and regain compliance. Skillz previously cited the need for more time to complete its year-end procedures and on April 8, 2025 said it continues working to complete the filing as soon as possible. Announcement • Mar 18
Skillz Inc. announced delayed annual 10-K filing On 03/17/2025, Skillz Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. New Risk • Mar 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$75m net loss in 3 years). Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (US$91.3m market cap). Reported Earnings • Mar 14
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: US$2.70 loss per share (improved from US$4.85 loss in FY 2023). Revenue: US$95.5m (down 37% from FY 2023). Net loss: US$48.2m (loss narrowed 52% from FY 2023). Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Entertainment industry in the US. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings. Announcement • Mar 06
Skillz Inc. to Report Q4, 2024 Results on Mar 13, 2025 Skillz Inc. announced that they will report Q4, 2024 results After-Market on Mar 13, 2025 New Risk • Feb 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.2m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.7% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$64m net loss in 3 years). Market cap is less than US$100m (US$99.2m market cap). Announcement • Dec 12
Skillz Inc. (NYSE:SKLZ) announces an Equity Buyback for 979,848 shares, for $6.86 million. Skillz Inc. (NYSE:SKLZ) announces a share repurchase program. Under the program, the company will repurchase up to 979,848 shares, for $6.86 million. The company will repurchase up to 961,532 shares of its Class A common stock from Wildcat Partner Holdings, LP at a price of $7.00 per share, for a total purchase price of $6.73 million, and 18,316 shares of its Class A Common Stock from Wildcat Capital Management, LLC at a price of $7.00 per share, for a total purchase price of $0.13 million. The program will close on December 10, 2024. Announcement • Dec 06
Skillz Inc. (NYSE:SKLZ) announces an Equity Buyback for $41.1 million worth of its shares. Skillz Inc. (NYSE:SKLZ) announces a share repurchase program. Under the program, the company will repurchase up to $41.1 million worth of its Class A common stock. The Company expects to utilize its existing cash and cash equivalents to fund any repurchases made under the share repurchase program. The repurchase program has no expiration date. Recent Insider Transactions Derivative • Nov 20
Co-Founder exercised options to buy US$277k worth of stock. On the 13th of November, Andrew Paradise exercised 90.58k options to receive shares at no cost, then sold around 35.64k of them at US$5.62 each and kept the remainder. Since September 2024, Andrew's direct individual holding has increased from 4.42m shares to 4.47m. Company insiders have collectively sold US$920k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Nov 17
Co-Founder exercised options to buy US$272k worth of stock. On the 13th of November, Andrew Paradise exercised 90.58k options to receive shares at no cost, then sold around 35.64k of them at US$5.62 each and kept the remainder. Since September 2024, Andrew has owned 4.42m shares directly. Company insiders have collectively bought US$309k more than they sold, via options and on-market transactions, in the last 12 months. Price Target Changed • Nov 10
Price target decreased by 9.8% to US$9.17 Down from US$10.17, the current price target is an average from 3 analysts. New target price is 81% above last closing price of US$5.07. Stock is down 4.7% over the past year. The company is forecast to post a net loss per share of US$2.30 next year compared to a net loss per share of US$4.85 last year. Reported Earnings • Nov 09
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: US$1.20 loss per share (improved from US$1.57 loss in 3Q 2023). Revenue: US$24.6m (down 33% from 3Q 2023). Net loss: US$21.1m (loss narrowed 37% from 3Q 2023). Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 7.4%. Revenue is forecast to stay flat during the next 3 years compared to a 9.0% growth forecast for the Entertainment industry in the US. Announcement • Oct 31
Skillz Inc. to Report Q3, 2024 Results on Nov 07, 2024 Skillz Inc. announced that they will report Q3, 2024 results After-Market on Nov 07, 2024 Announcement • Oct 11
Skillz Inc., Annual General Meeting, Dec 09, 2024 Skillz Inc., Annual General Meeting, Dec 09, 2024. Announcement • Oct 10
Skillz Inc. Appoints Mr. Anthony Cabot to the Board and Committees Effective Immediately Skillz Inc. appointed Mr. Anthony Cabot to the Board, effective immediately. Mr. Cabot, 68, held the position of Distinguished Fellow of Gaming Law at the UNLV Boyd School of Law until May 2023, overseeing the gaming law program where for over two decades, he shared his expertise with students, legislators and regulators. Prior to transitioning to academia full-time in March 2018, Professor Cabot spent 37 years practicing gaming law. Notably, he chaired the gaming law practice and served on the executive committee at Lewis Roca Rothgerber Christie LLP. Additionally, he is a founding member and former president of the International Masters of Gaming Law. On October 4, 2024, the Board appointed Mr. Cabot to the Nominating and Corporate Governance Committee, effective immediately. The Board affirmatively determined that Mr. Cabot is an independent director under the applicable rules of the NYSE and as such term is defined in Rule 10A-3(b)(1) under the Securities Exchange Act of 1934, as amended, and (ii) meets all applicable requirements for membership on the Nominating and Corporate Governance Committee. Announcement • Sep 25
Skillz Inc. Announces Resignation of Seth Schorr from Board of Directors On September 19, 2024, Seth Schorr informed Skillz Inc. (the “Company”) of his decision to resign from the Company’s Board of Directors (the “Board”), effective immediately. Mr. Schorr has served on the Board since August 2022. Announcement • Sep 17
Skillz Inc. Announces Lawsuit Update The Shareholders Foundation Inc. announced an update in the lawsuit that was pending for certain investors who purchased shares of Skillz Inc. Skillz Inc. became a public company in December 2020 by merging with Flying Eagle Acquisition Corp. (formerly NYSE: FEAC) a publicly-traded special purpose acquisition company. NYSE: SKLZ shares began trading on December 17, 2020. On May 7, 2021 an investor in NYSE: SKLZ shares filed a lawsuit against Skillz Inc. over alleged securities laws violations. The plaintiff alleged that the defendants made false and/or misleading statements and/or failed to disclose that three games responsible for a majority of Skillz's revenues had declined substantially, that Skillz's revenue recognition policy misrepresented the financial condition of the company, and that unrealistic market growth, specifically in the Android market. On March 01, 2023, the Court issued an order granting Defendants' Motion to Dismiss. On March 30, 2023, a notice appealing the Court's Dismissal Order was filed and on April 19, 2024, the Court of Appeals affirmed the District Court's ruling. Announcement • Aug 10
Skillz Inc. announced delayed 10-Q filing On 08/09/2024, Skillz Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Jul 29
Skillz Inc. to Report Q2, 2024 Results on Aug 01, 2024 Skillz Inc. announced that they will report Q2, 2024 results After-Market on Aug 01, 2024 Announcement • May 12
Skillz Inc. announced delayed 10-Q filing On 05/10/2024, Skillz Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • May 09
Skillz Inc. to Report Q1, 2024 Results on May 07, 2024 Skillz Inc. announced that they will report Q1, 2024 results After-Market on May 07, 2024 Announcement • Apr 27
Magmic, in Collaboration with UFC and Skillz, Announce the Release of Their Newest Mobile Game, UFC Fight Card Rummy Magmic, in collaboration with UFC and Skillz, announce the release of their newest mobile game, UFC FIGHT CARD RUMMY -- a fast-paced battle of Rummy where players can stack up against their favorite current UFC athletes. Players can take part in a 2-week LIVE TOURNAMENT nowthrough May 3rd, in which players compete in UFC-themed Rummy games to reach the top spots on the leaderboard as they compete for a UFC Legacy Championship Replica Belt, UFC Store gift cards, and other prizes. Leveraging its patented technology, Skillz is the leading mobile games platform, hosting billions of casual mobile gaming tournaments for millions of players worldwide. Download UFC FIGHT CARD RUMMY from the Apple App Store or Samsung Galaxy App Store. Announcement • Apr 09
Skillz Receives Notice from the New York Stock Exchange Regarding Late Form 10-K Filing Skillz Inc. (‘the Company’) announced that, on April 2, 2024, it received a notice (the ‘NYSE Notice’) from the New York Stock Exchange (the ‘NYSE’) that the Company is not in compliance with the NYSE’s continued listing requirements under the timely filing criteria established in Section 802.01E of the NYSE Listed Company Manual, because the Company has not timely filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the ‘Form 10-K’) with the Securities and Exchange Commission (the ‘SEC’). The NYSE Notice has no immediate effect on the listing of the Company’s common stock on the NYSE. The NYSE Notice informed the Company that, under NYSE rules, the Company has six months from March 15, 2024 to regain compliance with the NYSE listing standards by filing the Form 10-K with the SEC. The NYSE further noted that, if the Company fails to file the Form 10-K within the six-month period, the NYSE may grant, at its sole discretion, an extension of up to six additional months for the Company to regain compliance, depending on the specific circumstances. The NYSE Notice also notes that the NYSE may nevertheless commence delisting proceedings at any time if it deems that the circumstances warrant. As previously reported in the Company’s Notification of Late Filing on Form 12b-25 filed with the SEC on March 14, 2024 (the ‘Form 12b-25’), the Company was unable to file the Form 10-K within the prescribed period because the Company requires more time to complete the procedures relating to its year-end process, including the completion of the audit of the Company’s financial statements by the Company’s independent auditors for inclusion in the Form 10-K. Subsequent to filing the Form 12b-25, the Company continued to dedicate significant resources to the completion of such procedures but was unable to file the Form 10-K by April 1, 2024, the end of the extension period provided by the Form 12b-25. The Company requires additional time to complete such procedures. Based on currently available information and subject to the completion of the audit procedures, the Company does not expect any material change to the financial results to be included in the Form 10-K compared to the preliminary financial information reported in the earnings release the Company furnished to the SEC on the Company’s Current Report on Form 8-K filed on March 14, 2024. The Company is working diligently to complete the necessary work to file the Form 10-K as soon as practicable and currently expects to file the Form 10-K within the six-month period granted by the NYSE Notice; however, there can be no assurance that the Form 10-K will be filed within such period. Announcement • Mar 06
Skillz Inc. to Report Q4, 2023 Results on Mar 14, 2024 Skillz Inc. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Mar 14, 2024 Announcement • Feb 17
Skillz Inc. Announces Step Down of Andrew Dahlinghaus as the General Counsel, Effective as of March 10, 2024 Skillz Inc. announced on February 13, 2024, Andrew Dahlinghaus informed the company of his decision to step down from his position as the General Counsel of the Company, effective as of March 10, 2024 (the effective date). Mr. Dahlinghaus will remain in his current role with the company through the Effective Date to support the transition to his successor. Price Target Changed • Feb 04
Price target increased by 14% to US$10.50 Up from US$9.25, the current price target is an average from 4 analysts. New target price is 87% above last closing price of US$5.61. Stock is down 69% over the past year. The company is forecast to post a net loss per share of US$5.57 next year compared to a net loss per share of US$21.41 last year. New Risk • Nov 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$89m net loss in 3 years). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Reported Earnings • Nov 10
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: US$1.57 loss per share (improved from US$3.80 loss in 3Q 2022). Revenue: US$36.4m (down 40% from 3Q 2022). Net loss: US$33.5m (loss narrowed 57% from 3Q 2022). Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) exceeded analyst estimates by 1.7%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Entertainment industry in the US. Announcement • Oct 26
Skillz Inc. to Report Q3, 2023 Results on Nov 08, 2023 Skillz Inc. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 New Risk • Oct 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$88.9m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$83m net loss in 3 years). Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (US$88.9m market cap). Announcement • Sep 01
Skillz Inc. Announces Executive Changes Elly Ryu informed Skillz Inc. (the “Company”) that she has decided to step down from her position as Corporate Controller and Global Head of Accounting effective as of September 8, 2023. Ms. Ryu has served in this role since April 3, 2023. Ms. Ryu’s decision to step down was due to personal reasons and not as a result of any disagreement with the Company on any matter relating to its operations, policies or practices. Ms. Ryu has agreed to provide consulting and transition services to the Company for an interim period through the date the Company files its next report on Form 10-Q to provide operational continuity during the transition process. Company thanked Ms. Ryu for her dedicated service to the Company. The Company has appointed Jason Roswig, its President and Chief Financial Officer, to the role of Interim Corporate Controller and Global Head of Accounting, and is in the process of searching for a qualified candidate to hire as the new full-time Corporate Controller and Global Head of Accounting. Announcement • Aug 22
Skillz Inc. (NYSE:SKLZ) announces an Equity Buyback for $65 million worth of its shares. Skillz Inc. (NYSE:SKLZ) announces a share repurchase program. Under the program, the company will repurchase up to $65 million worth of its Class A common stock. The Company expects to utilize its existing cash and cash equivalents to fund any repurchases made under the share repurchase program. The repurchase program will have a term of 12 months. Recent Insider Transactions • Aug 10
Co-Founder recently bought US$763k worth of stock On the 7th of August, Andrew Paradise bought around 75k shares on-market at roughly US$10.17 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$785k. Andrew has been a buyer over the last 12 months, purchasing a net total of US$2.4m worth in shares. Price Target Changed • Aug 06
Price target decreased by 15% to US$12.33 Down from US$14.50, the current price target is an average from 6 analysts. New target price is 17% above last closing price of US$10.50. Stock is down 69% over the past year. The company is forecast to post a net loss per share of US$5.56 next year compared to a net loss per share of US$21.41 last year. Reported Earnings • Aug 03
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: US$1.05 loss per share (improved from US$2.97 loss in 2Q 2022). Revenue: US$40.2m (down 45% from 2Q 2022). Net loss: US$22.0m (loss narrowed 64% from 2Q 2022). Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Entertainment industry in the US. New Risk • Jun 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$70m net loss in 3 years). Shareholders have been diluted in the past year (3.4% increase in shares outstanding). New Risk • Jun 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$70m net loss in 3 years). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Announcement • Jun 23
Skillz Announces 1-For-20 Reverse Stock Split to Gain Compliance with the New York Stock Exchange Continued Listing Standards Skillz Inc. announced that its Board of Directors has approved a 1-for-20 reverse stock split of the Company’s Class A common stock and Class B common stock (together, the “common stock”). The reverse stock split, which was authorized by Skillz stockholders at the Annual Meeting of Stockholders on June 20, 2023, is intended to return Skillz to compliance with the New York Stock Exchange continued listing standards. The reverse stock split will become effective on June 23, 2023 and the Company’s Class A common stock will begin trading on a split-adjusted basis when the market opens on June 26, 2023. Skillz’ Class A common stock will continue to trade on the New York Stock Exchange under the ticker symbol “SKLZ” but with a new CUSIP number of 83067L208. Announcement • Jun 03
Skillz Inc. Announces Executive Changes Skillz Inc. announced that Andrew Dahlinghaus will be joining the executive team as General Counsel, effective June 26, 2023. Dahlinghaus will be replacing Charlotte Edelman, who has led the company’s legal department since 2020. Edelman will continue to serve the company as an advisor. In his role, Dahlinghaus will oversee all legal and regulatory matters at Skillz. In his past roles, Dahlinghaus has led best-in-class Legal and Compliance groups in Fortune 500, FTSE 250 and private equity-backed companies, including Covidien, Medtronic, and ConvaTec. Most recently at Clario, his experience spans large and complex transactions, commercial counseling, regulatory compliance and government enforcement matters. Prior to going in-house, Dahlinghaus was an attorney at international law firm Arent Fox, where he represented a wide variety of clients in high-stakes litigation and government investigations. Dahlinghaus earned his B.A. at Indiana University Bloomington before graduating from The George Washington University Law School. Recent Insider Transactions • May 18
Co-Founder recently bought US$785k worth of stock On the 15th of May, Andrew Paradise bought around 2m shares on-market at roughly US$0.52 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$836k. Andrew has been a buyer over the last 12 months, purchasing a net total of US$1.6m worth in shares. Major Estimate Revision • May 16
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$183.8m to US$177.9m. Losses expected to increase from US$0.26 per share to US$0.32. Entertainment industry in the US expected to see average net income growth of 17% next year. Consensus price target of US$0.89 unchanged from last update. Share price fell 9.0% to US$0.55 over the past week. Reported Earnings • May 10
First quarter 2023 earnings: EPS misses analyst expectations First quarter 2023 results: US$0.085 loss per share (improved from US$0.37 loss in 1Q 2022). Revenue: US$44.4m (down 53% from 1Q 2022). Net loss: US$35.6m (loss narrowed 76% from 1Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 32%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Entertainment industry in the US. 
