secwatch.observer — SEC 8-K summary
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Issuer:     Skillz Inc. (SKLZ)
CIK:        0001801661
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001801661-23-000024
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Skillz Q2 revenue falls 44% to $40.2M; paying users halve to 200k; net loss narrows to $22M
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- Revenue $40.2M, down 44% YoY from $71.8M; gross profit $36.5M vs $62.8M.
- Paying monthly active users fell to 200k from 420k (-52%); ARPPU rose to $68.18 from $56.79.
- Net loss improved to $22.0M from $62.6M; Adjusted EBITDA loss $(20.2)M vs $(34.0)M.
- Operating expenses cut to $72.1M from $118.9M (39% reduction).
- Debt reduced by $159.8M to $129.7M; cash & securities $361.4M as of June 30, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801661/000180166123000024/0001801661-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801661/000180166123000024/sklz-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001801661-23-000024

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