Skillz Q4 revenue down 57% YoY to $46.9M; net loss $143.5M; restates prior financials

Skillz Inc.

Q4 revenue $46.9M (-57% YoY); net loss $143.5M; adjusted EBITDA -$9.5M.
FY2022 revenue $269.7M (-29% YoY); net loss $438.9M; adjusted EBITDA -$122.4M.
PMAU 235K (Q4), ARPPU $66.6; cash & equivalents $546.5M, debt $272.8M.
Restating 2020, 2021, and first three quarters of 2022 due to end-user liability, tax, and impairment errors.
Ineffective internal control over financial reporting expected in 2022 10-K.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Skillz Inc. reported the fourth quarter and the year ended December 31, 2022 results: revenue $46.9 million, net income $143.5 million.

Period: the fourth quarter and the year ended December 31, 2022
Revenue: $46.9 million
Net income: $143.5 million
Result: reported results

Exact text from the filing

be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Skillz Announces Q4 2022 and Fiscal Year 2022 Results – Fourth Quarter Revenue of $46.9 million, Net Loss of $143.5 million – Adjusted EBITDA 1 of $(9.5) million SAN FRANCISCO--(BUSINESS WIRE), March 30, 2023-- Skillz Inc. (NYSE: SKLZ) (“Skillz” or the “Company”), the

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Source: SEC EDGAR

accession 0001801661-23-000003

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