secwatch.observer — SEC 8-K summary
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Issuer:     Skillz Inc. (SKLZ)
CIK:        0001801661
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001801661-23-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801661/000180166123000003/0001801661-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801661/000180166123000003/sklz-20230330.htm
  HTML page:      https://secwatch.observer/filing/0001801661-23-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer