secwatch.observer — SEC 8-K summary
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Issuer:     Skillz Inc. (SKLZ)
CIK:        0001801661
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001628280-23-022474
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 4.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Skillz dismisses EY auditor, hires Grant Thornton; Q4 EBITDA improves 53%, targets profitability in 2024
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- Dismissed Ernst & Young as auditor; engaged Grant Thornton as new independent registered public accounting firm for FY 2023.
- EY's 2022 report included explanatory paragraph on restatement; material weaknesses in internal controls remain unremediated.
- Q4 2022 non-GAAP EBITDA improved 53% YoY; targeting positive run-rate EBITDA by end of 2024.
- Reduced workforce by ~2/3; hired President/CFO, CTO, GC, and four new Board members.
- Reduced engagement marketing spend 51% and UA spend 66% in 2022; rolled out new developer revenue share model.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801661/000162828023022474/0001628280-23-022474-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801661/000162828023022474/sklz-20230616.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-022474

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