Skillz Q4 2023 net loss $20.8M on $29.1M revenue; guides to positive Adj. EBITDA by Q4 2024

Skillz Inc.

Full-year 2023 revenue $150.1M, net loss $106.7M, Adjusted EBITDA –$70.1M.
Q4 paying MAU 137,000; ARPPU $70.3; total operating expenses $48.3M.
Cash and securities $302.0M, total debt $123.9M as of Dec 31, 2023.
CEO cites improving user economics; payback period on customer acquisition cost shortened going into 2024.
Company targets achieving positive Adjusted EBITDA on a run-rate basis by Q4 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Skillz Inc. updated its the fourth quarter and year ended December 31, 2023 guidance (reaffirmed).

Period: the fourth quarter and year ended December 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Skillz Inc. (the "Company") issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001801661-24-000033

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