Skillz Q3 revenue $60.3M (-41% YoY); net loss $78.5M, guides FY22 rev $275M

Skillz Inc.

2022-Q3 EPS reported -$0.70 revenue$227,028,000

Revenue $60.3M (-41% YoY, -18% QoQ); net loss $78.5M vs $22.1M loss year ago.
Adjusted EBITDA -$15.4M, improved 63% YoY, as company drives toward profitability.
Recorded $47.6M non-cash impairment of intangible assets from Aarki acquisition.
Casey Chafkin transitions from CRO to Chief Strategy Officer; base salary $425k.
FY22 revenue guidance maintained at $275M; adjusted EBITDA margin (56)%.

item 2.02 item 5.02 item 9.01

Executive movements

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Role change

Casey Chafkin

Chief Strategy Officer

SKLZ · Skillz Inc.

Effective: 2022-10-27
Filed: November 2, 2022, 7:59 PM ET

On October 27, 2022, the Board of Directors (the "Board") of Skillz Inc. (the "Company") approved a change in position of Casey Chafkin from Chief Revenue Officer to Chief Strategy Officer.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Skillz Inc. reported the third quarter ended September 30, 2022 results: revenue $60 million, net income $ (78,547). Guidance reaffirmed.

Period: the third quarter ended September 30, 2022
Revenue: $60 million
Net income: $ (78,547)
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

Skillz Announces Q3 2022 Results – Revenue of $60 million meets expectations – Net loss increased 30% sequentially 1 due to non-cash impairment of intangible assets – Adjusted EBITDA 2 showed a $16 million improvement as the Company drives towards profitability

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Executive change SEC 8-K Item 5.02 confidence 0.95

Casey Chafkin was appointed as Chief Strategy Officer at Skillz Inc..

Action: appointed
Role: Chief Strategy Officer

Exact text from the filing

On October 27, 2022, the Board of Directors (the "Board") of Skillz Inc. (the "Company") approved a change in position of Casey Chafkin from Chief Revenue Officer to Chief Strategy Officer.

View on SEC.gov

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Skillz Inc. filing history →

Source: SEC EDGAR

accession 0001801661-22-000008

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