Reported Earnings • May 18
First quarter 2026 earnings released: US$0.69 loss per share (vs US$1.05 loss in 1Q 2025) 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 is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Global Entertainment industry. 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 18% per year, which means it is significantly lagging earnings. Duyuru • 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 Duyuru • Apr 16
Skillz Inc., Annual General Meeting, Jun 18, 2026 Skillz Inc., Annual General Meeting, Jun 18, 2026. Duyuru • 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 Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • Dec 19
Skillz Inc., Annual General Meeting, Dec 29, 2025 Skillz Inc., Annual General Meeting, Dec 29, 2025. Duyuru • 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 released: US$1.14 loss per share (vs US$1.20 loss in 3Q 2024) 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 is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Global Entertainment industry. 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. Duyuru • 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 Duyuru • 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. Duyuru • 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. Reported Earnings • Aug 13
Second quarter 2025 earnings released: US$0.58 loss per share (vs US$1.47 profit in 2Q 2024) Second quarter 2025 results: US$0.58 loss per share (down from US$1.47 profit in 2Q 2024). Revenue: US$27.4m (up 8.2% from 2Q 2024). Net loss: US$8.92m (down 134% from profit in 2Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Global Entertainment industry. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Duyuru • 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 Duyuru • 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. Duyuru • 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 Duyuru • 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. Duyuru • 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. Duyuru • 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 Duyuru • 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. Duyuru • 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 • Nov 20
Controller recently sold Mex$220k worth of stock On the 15th of November, Salvatore Lento sold around 2k shares on-market at roughly Mex$102 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Nov 09
Third quarter 2024 earnings released: US$1.20 loss per share (vs US$1.57 loss in 3Q 2023) 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 is forecast to stay flat during the next 3 years compared to a 9.4% growth forecast for the Global Entertainment industry. Duyuru • 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 Duyuru • Oct 11
Skillz Inc., Annual General Meeting, Dec 09, 2024 Skillz Inc., Annual General Meeting, Dec 09, 2024. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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 Duyuru • 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. Duyuru • 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 Duyuru • 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. Duyuru • 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. Duyuru • 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 Duyuru • 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. 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: Major Risk Shares are highly illiquid. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$89m net loss in 3 years). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Reported Earnings • Nov 09
Third quarter 2023 earnings released: US$1.57 loss per share (vs US$3.80 loss in 3Q 2022) 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 is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Global Entertainment industry. Duyuru • 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 Board Change • Oct 23
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Kevin Chessen was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Oct 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: Mex$1.59b (US$87.2m) 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 Shares are highly illiquid. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$83m net loss in 3 years). Market cap is less than US$100m (Mex$1.59b market cap, or US$87.2m). Duyuru • 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. Duyuru • 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. 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 (14% 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). Duyuru • 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. Recent Insider Transactions • Jun 07
Independent Director recently bought Mex$435k worth of stock On the 5th of June, Kevin Chessen bought around 50k shares on-market at roughly Mex$8.70 per share. This transaction increased Kevin's direct individual holding by 1x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth Mex$15m. Insiders have collectively bought Mex$30m more in shares than they have sold in the last 12 months. Duyuru • 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 17
Co-Founder recently bought Mex$14m worth of stock On the 15th of May, Andrew Paradise bought around 2m shares on-market at roughly Mex$9.19 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 Mex$15m. Andrew has been a buyer over the last 12 months, purchasing a net total of Mex$29m worth in shares. Reported Earnings • May 11
First quarter 2023 earnings released: US$0.085 loss per share (vs US$0.37 loss in 1Q 2022) 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 is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Global Entertainment industry. Recent Insider Transactions • Apr 10
Co-Founder recently bought Mex$15m worth of stock On the 5th of April, Andrew Paradise bought around 2m shares on-market at roughly Mex$10.23 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Andrew's only on-market trade for the last 12 months. Reported Earnings • Mar 31
Full year 2022 earnings released: US$1.07 loss per share (vs US$0.47 loss in FY 2021) Full year 2022 results: US$1.07 loss per share (further deteriorated from US$0.47 loss in FY 2021). Revenue: US$269.7m (down 30% from FY 2021). Net loss: US$438.9m (loss widened 142% from FY 2021). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Global Entertainment industry. Board Change • Mar 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Kevin Chessen was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jan 21
Skillz Inc. Announces Board Changes Skillz announced that Alex Mandel, Chief Financial Officer of The Influential Network Inc., has joined its Board of Directors. Mandel will serve on the Audit Committee of the Board. Mandel replaces Vanna Mehta-Krantz, who is stepping down to focus on other work commitments. Mandel currently serves as Chief Financial Officer of The Influential Network Inc., a privately-held influencer marketing company. Prior to this, Mandel served as Chief Financial Officer of Fluent Inc. IAC Applications, and LendingTree Inc. At LendingTree, he was credited with playing an essential role in the Company’s resurgence. Mandel also held the position of Managing Director at investment banking firms Centerview Partners, LLC and Bear, Stearns & Co. Inc. He received his Bachelor of Arts in economics from Tufts University and his Masters of Business Administration from Columbia Business School. Duyuru • Dec 22
Skillz Receives Notice of Non-Compliance with NYSE Trading Share Price Listing Rule Skillz Inc. announced that it received a notice from the New York Stock Exchange (the “NYSE”) that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company’s Class A common stock was less than $1.00 over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of Skillz’s Class A common stock from the NYSE. The Company plans to notify the NYSE by January 3, 2023 that it intends to cure the stock price deficiency and to return to compliance with the NYSE continued listing standard. The Company can regain compliance at any time within the six-month period following receipt of the NYSE notice if on the last trading day of any calendar month during the cure period the Company has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month. The Company intends to consider available alternatives, including, but not limited to, a reverse stock split, subject to stockholder approval no later than at the Company's next annual meeting of stockholders, if necessary to cure the stock price non-compliance. Under the NYSE’s rules, if the Company determines that it will cure the stock price deficiency by taking an action that will require stockholder approval at its next annual meeting of stockholders, the price condition will be deemed cured if the price promptly exceeds $1.00 per share, and the price remains above that level for at least the following 30 trading days. The Company’s Class A common stock will continue to be listed and trade on the NYSE during this period, subject to the Company’s compliance with other NYSE continued listing standards. Reported Earnings • Nov 05
Third quarter 2022 earnings released: US$0.19 loss per share (vs US$0.13 profit in 3Q 2021) Third quarter 2022 results: US$0.19 loss per share (down from US$0.13 profit in 3Q 2021). Revenue: US$60.3m (down 41% from 3Q 2021). Net loss: US$78.5m (down 255% from profit in 3Q 2021). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Global Entertainment industry. Duyuru • Oct 18
Skillz Inc. to Report Q3, 2022 Results on Nov 02, 2022 Skillz Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 02, 2022 Duyuru • Sep 13
Skillz Inc. Announces the Appointment of Vassily Filippov as Chief Technology Officer Skillz Inc. announced the appointment of Vassily Filippov to the role of Chief Technology Officer. An experienced gaming leader who most recently served as the Director of Engineering at Meta, Filippov joins the Skillz C-suite, further bolstering the company’s executive team and product leadership bench. As Chief Technology Officer, Filippov will report directly to Paradise while leading the global engineering teams at Skillz. As the company focuses on profitable growth, Filippov will be responsible for the technical roadmap of Skillz competition platform. Having grown up playing Atari 800XL and C64 games, Filippov turned his childhood passion for video games into an extensive career with 20+ years in the gaming industry. Filippov has made games at studios such as Sony, Riot Games, and Sierra On-Line, working on franchises including “God of War” and “League of Legends.” Most recently, Filippov focused on growing teams and building products connected to AR/VR and the metaverse. At Meta, Filippov focused on the Horizon Worlds and Avatars teams, preparing the company to announce a major focus on the metaverse (including its recent name change). While at Apple, he helped lead the development of RealityKit and Reality Composer. Filippov earned his Masters of Science degree in computer science from The Ohio State University, as well as a Masters of Science degree in applied mathematics from the National Research Nuclear University MEPhI (Moscow Engineering Physics Institute). Duyuru • Aug 13
Skillz Inc. Announces Changes to its Board Skillz Inc. announced the resignation of Ms. Shari Glazer and Mr. Harry Sloan as Member of Board of Directors, effective August 10, 2022. Reported Earnings • Aug 04
Second quarter 2022 earnings released: US$0.15 loss per share (vs US$0.21 loss in 2Q 2021) Second quarter 2022 results: US$0.15 loss per share (up from US$0.21 loss in 2Q 2021). Revenue: US$73.3m (down 18% from 2Q 2021). Net loss: US$60.6m (loss narrowed 24% from 2Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 30% growth forecast for the industry in Mexico. Duyuru • Aug 04
Skillz Inc. Lowers Revenue Guidance for the Year 2022 Skillz Inc. lowered Revenue Guidance for the Year 2022. The company announced that it is lowering full-year 2022 revenue guidance to $275 million. The revised guidance is based on engagement marketing as a percentage of revenue of approximately 42% and implies RAEM will be $160 million for full-year 2022. Duyuru • Jul 19
Skillz Inc. to Report Q2, 2022 Results on Aug 03, 2022 Skillz Inc. announced that they will report Q2, 2022 results After-Market on Aug 03, 2022 Duyuru • May 13
Skillz Announces Joining of Shari Glazer to Its Board of Directors Skillz announced that Shari Glazer, entrepreneur and a globally-recognized philanthropist, has joined its board of directors. Shari serves as the second woman director to be elected to the Skillz board of directors, which now includes eight board members. In addition to being Chief Executive Officer (CEO) of Kalos Labs, a digital assets and blockchain platform for global brands, Shari Glazer is the founder of US DIGITAL Trust, which manages a diverse portfolio of private investments across the digital assets industry. The Glazer family has also owned the Tampa Bay Buccaneers franchise since 1995, helping steer the team to Super Bowl victory in 2021, and British soccer powerhouse Manchester United, which they acquired in 2006. As a globally-recognized philanthropist and co-founder of the Edward and Shari Glazer Charitable Trust, Glazer currently sits on the Board of Trustees for MOCA, and Board of Overseers at Hoover Institution, Stanford University. In 2018, Glazer opened the Shari and Ed Glazer Center for Entrepreneurship and Innovation (CEI), designed to enhance collaboration and experiential learning, and to serve as an academic hub and idea incubator. Reported Earnings • May 05
First quarter 2022 earnings released: US$0.37 loss per share (vs US$0.15 loss in 1Q 2021) First quarter 2022 results: US$0.37 loss per share (down from US$0.15 loss in 1Q 2021). Revenue: US$93.4m (up 12% from 1Q 2021). Net loss: US$148.1m (loss widened 176% from 1Q 2021). Over the next year, revenue is forecast to grow 4.7%, compared to a 33% growth forecast for the industry in Mexico. Duyuru • May 05
Skillz Inc. Re-Affirms Earnings Guidance for the Full Year 2022 Skillz Inc. re-affirmed earnings guidance for the full year 2022. The company is making no change to full-year 2022 revenue guidance of $400 million. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Chris Gaffney was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Apr 19
Skillz Inc. to Report Q1, 2022 Results on May 04, 2022 Skillz Inc. announced that they will report Q1, 2022 results After-Market on May 04, 2022 Duyuru • Apr 02
Skillz Inc., Annual General Meeting, May 12, 2022 Skillz Inc., Annual General Meeting, May 12, 2022, at 10:00 Pacific Standard Time. Agenda: To consider Elect directors named in this proxy statement to serve on the Board of Directors; to consider Ratify the appointment of Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2022; to consider Provide an advisory vote to approve the Company's executive compensation; to consider Provide an advisory vote to approve the frequency of future advisory votes on the Company's executive compensation; to consider Proposal to increase the number of directors under Third Amended and Restated Certificate of Incorporation; and to consider transact such other business as may properly come before the Annual Meeting or any adjournments or postponements thereof. Recent Insider Transactions • Mar 11
Independent Director recently bought Mex$5.3m worth of stock On the 7th of March, Jerome Bruckheimer bought around 101k shares on-market at roughly Mex$52.18 per share. In the last 3 months, there was an even bigger purchase from another insider worth Mex$6.0m. Despite this recent purchase, insiders have collectively sold Mex$5.0b more in shares than they bought in the last 12 months. Recent Insider Transactions • Mar 04
Director recently bought Mex$6.0m worth of stock On the 28th of February, Harry Sloan bought around 95k shares on-market at roughly Mex$63.26 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$5.0b more in shares than they bought in the last 12 months. Reported Earnings • Feb 25
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: US$0.47 loss per share (up from US$0.49 loss in FY 2020). Revenue: US$384.1m (up 67% from FY 2020). Net loss: US$181.4m (loss widened 25% from FY 2020). Revenue missed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 43%, compared to a 25% growth forecast for the industry in Mexico. Duyuru • Feb 24
Skillz Inc. Provides Earnings Guidance for the Year 2022 Skillz Inc. provided earnings guidance for the year 2022. The company is initiating its 2022 revenue guidance at $400 million. Duyuru • Feb 08
Skillz Inc. to Report Q4, 2021 Results on Feb 23, 2022 Skillz Inc. announced that they will report Q4, 2021 results After-Market on Feb 23, 2022 Recent Insider Transactions • Nov 11
Co-founder recently bought Mex$20m worth of stock On the 8th of November, Casey Chafkin bought around 87k shares on-market at roughly Mex$237 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Casey has been a net seller over the last 12 months, reducing personal holdings by Mex$786m. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$0.13 (vs US$3.08 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$102.1m (up 70% from 3Q 2020). Net income: US$50.8m (up US$551.2m from 3Q 2020). Profit margin: 50% (up from net loss in 3Q 2020). The move to profitability was primarily driven by lower expenses. Duyuru • Sep 24
Skillz Announces the Official Release of Marksman Skillz announced the official release of Marksman, the platform’s latest competitive mobile game on both iOS and Android, and its inaugural first-person shooter (FPS) title. Developed by Play Mechanix, the game has already topped the charts, hitting No. 3 in the sports category of popular apps on the App Store. In celebration of the new release, Skillz will be hosting a two-day live and virtual Big Buck Hunter: Marksman tournament at this year’s 14th Annual Big Buck Hunter World Championship taking place in Chicago on October 1-2, 2021. Skillz will serve as the premier sponsor of the Big Buck Hunter World Championship, kicking off the yearly event’s first Skillz-powered Mobile Esports Division Tournament. Anyone can enter and compete in Skillz’ two-day Big Buck Hunter: Marksman tournament on October 1-2. Simply download the mobile game to play free, no pre-qualifications necessary, and enter Match Code BIGBUCKZ starting October 1 for the chance to win a whopping 5,000-buck ($5,000) grand prize. Players around the world can download the app to start practicing now. The Big Buck Hunter World Championship draws over 20,000 players competing to qualify for a chance to be crowned Big Buck Hunter World Champion. Whether gamers play to compete or want to tune in to watch all of the action from the Big Buck Hunter: Marksman mobile tournament and Big Buck Hunter World Championship, a video livestream will capture the two-day highlights on the Big Buck HunterFacebook page, the Big Buck HunterYouTube channel, and the Big Buck HunterTwitch channel throughout the weekend. In Big Buck Hunter: Marksman, players are matched with other “hunters” of the same skill. The scenic mobile game environment takes players through a variety of bountiful hunting sites as they take aim through their scope and put their big buck shooting skills to the test; the farther and more accurate the shot, the more points are earned. The Skillz-powered competition heats up as players earn awards for hitting consecutive shots, culminating in the coveted five-star Marksman Award. Recent Insider Transactions • Aug 21
Chief Technology Officer recently sold Mex$92m worth of stock On the 19th of August, Miriam Aguirre sold around 439k shares on-market at roughly Mex$208 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$5.0b more than they bought in the last 12 months. Reported Earnings • Aug 05
Second quarter 2021 earnings released: US$0.21 loss per share (vs US$0.07 loss in 2Q 2020) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$89.5m (up 52% from 2Q 2020). Net loss: US$79.6m (loss widened 295% from 2Q 2020). Duyuru • Aug 05
Skillz Inc. Updates Revenue Guidance for the Full Year 2021 Skillz Inc. updated revenue guidance for the full year 2021. The company is updating its full-year 2021 revenue guidance from $375 million to $376 million for company on a stand-alone basis, plus $13 million revenue contribution from the business combination with Aarki resulting in combined 2021 revenue of $389 million. Recent Insider Transactions • Jun 16
Independent Director recently sold Mex$13m worth of stock On the 14th of June, Kent Wakeford sold around 31k shares on-market at roughly Mex$411 per share. In the last 3 months, there was an even bigger sale from another insider worth Mex$4.0b. Insiders have been net sellers, collectively disposing of Mex$4.9b more than they bought in the last 12 months. Duyuru • Jun 10
The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Skillz Inc. f/k/a Flying Eagle Acquisition Corp. (SKLZ) Investors The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Skillz Inc. f/k/a Flying Eagle Acquisition Corp. securities between December 16, 2020 and April 19, 2021, inclusive. Skillz investors have until July 7, 2021 to file a lead plaintiff motion. The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) three games responsible for a majority of Skillz's revenues had declined substantially; (2) Skillz's revenue recognition policy misrepresented the financial condition of the company; (3) unrealistic market growth, specifically in the Android market; and (4) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.