Over 2 Years Ago
1 Min Read

SKLZ is making big moves today. Find out why the stock is trading -14% lower:



Skillz Inc - Class A (SKLZ) is trading -14% lower at $1.56 today.

  • EPS Normalized Actual: -$0.14 (Beat by $0.04)
  • EPS GAAP Actual: -$0.15 (Beat by $0.01)
  • Revenue Actual: $73.34M
  • Revenue Surprise: -$19.70M (miss)

Skillz Inc - Class A has been trading between a 52-week high of $13.98 and a 52-week low of $1.15. The stock has a market cap of $577 Million.

Skillz is the leading mobile games platform that connects players around the world in fair, fun, and meaningful competition. The Skillz platform helps developers build multi-million dollar franchises by enabling social competition in their games. Leveraging its patented technology, Skillz hosts billions of casual esports tournaments for millions of mobile players worldwide, and distributes millions in prizes each month.

Headlines


Futures Flat As Crushing 37bps Curve Inversion Screams Recession
Zero Hedge 08-04-22

Skillz inc. PT Lowered to $1.50 at RBC Capital
Investing.com 08-04-22

Canaccord Genuity Downgrades Skillz inc. to Hold
Investing.com 08-04-22

Skillz, Inc. (SKLZ) CEO Andrew Paradise on Q2 2022 Results - Earnings Call Transcript
Seeking Alpha 08-03-22

Skillz slips 12% as revenue misses, outlook points to 2022 shortfall
Seeking Alpha 08-03-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

MASH12140 - 8 upvotes - source
And another one bite the dust. SKLZ, Yeah I see you with your train wreck of a earnings. This bag stock was pumped 45% in one month. Unbelievable these junk companies pumped ![img](emote|t5_2th52|4271)

photosbywolf - 4 upvotes - source
SKLZ starting to pull! I'm up 30%!!!

Few-Yam-5452 - 3 upvotes - source
Please pump up SKLZ. Absolutely retarded management but established in igaming

billyd1984texas - 2 upvotes - source
Sklz u hurt me so good