Skillz Inc Stock Fair Value – Skillz Reports Missed EPS and Revenue Estimates

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Skillz Inc ($NYSE:SKLZ). recently reported its financial results for the quarter, and the news was not good. The mobile gaming platform reported a GAAP earnings per share (EPS) of -$0.09, which was $0.02 lower than expected, and revenue of $44.4M, coming in $0.25M below the forecast. It also offers developers a platform to create and monetize their own games, providing them with access to its global network of users.

The company’s missed EPS and revenue estimates can be attributed to a variety of factors, including increased competition in the mobile gaming market, as well as costs associated with expanding its operations. Despite these challenges, the company is confident that its long-term strategy will lead to greater success in the future.

Earnings

SKILLZ INC recently released its earning report for FY2022 Q4 as of December 31 2022, and the results were lower than expected. The report revealed that SKILLZ INC earned 46.87M USD in total revenue and lost 143.48M USD in net income. This is a sharp decline from the previous year, showing a 56.9% decrease in total revenue.

Over the past three years, SKILLZ INC’s total revenue has fallen from 67.72M USD to 46.87M USD. This latest report does not reflect positively on the company’s performance, as it indicates an overall decline in both revenue and profit.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Skillz Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Skillz Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Skillz Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Skillz Inc are shown below. More…

Stock Price

On Tuesday, SKILLZ INC reported that it missed both its earnings per share (EPS) and revenue estimates for the first quarter. The company’s stock opened at $0.6 and closed at $0.6, down 4.8% from its previous closing price. The news sent the stock tumbling, with investors sending the shares lower in reaction to the missed estimates. Despite the disappointing results, analysts remain bullish on the company’s long-term prospects, citing its strong portfolio of products and services. Live Quote…

Analysis – Skillz Inc Stock Fair Value

GoodWhale has conducted a fundamental analysis of SKILLZ INC and determined its fair value to be around $7.4. We reached this conclusion by applying our proprietary Valuation Line. At the current market rate, SKILLZ INC stock is trading at $0.6, which is an astonishing 91.9% below its actual value. This presents a unique opportunity for investors to purchase the stock at a steep discount and take advantage of the potential upside. More…

Peers

The company offers a platform for competitive gaming on mobile devices. It also provides a mobile esports platform for game publishers and developers. The company was founded in 2012 and is headquartered in San Francisco, California. Sea Ltd, Activision Blizzard Inc, and Santaro Interactive Entertainment Co are all competitors of Skillz Inc.

– Sea Ltd ($NYSE:SE)

Seek Ltd is a public company that is engaged in the business of online marketplaces. It has a market cap of 25.75B as of 2022 and a return on equity of -24.13%. The company operates in three segments: online marketplaces, payments and financing, and other services. It offers online marketplaces for businesses and consumers to buy and sell products and services. Its payments and financing segment provides payment and financing services to businesses and consumers. Its other services segment includes advertising, cloud computing, and other services.

– Activision Blizzard Inc ($NASDAQ:ATVI)

Activision Blizzard, Inc. is an American video game holding company based in Santa Monica, California. The company was founded in 2008 through the merger of Vivendi Games and Activision, and was the parent company of Blizzard Entertainment until February 2020, when Blizzard Entertainment became a subsidiary of Nintendo. As of December 2020, Activision Blizzard has a market capitalization of $56.25 billion and a return on equity of 7.93%. The company is best known for its Call of Duty, World of Warcraft, and Overwatch franchises.

– Santaro Interactive Entertainment Co ($OTCPK:STIE)

Santaro Interactive Entertainment Co is a Taiwanese video game developer and publisher. The company was founded in 2006 and is headquartered in Taipei, Taiwan. Santaro Interactive Entertainment Co operates in two segments: Online Games and Mobile Games. The Online Games segment offers online games for personal computers and web browsers. The Mobile Games segment provides mobile games for smartphones and tablets.

As of 2022, Santaro Interactive Entertainment Co has a market cap of 698.75k and a Return on Equity of 15.33%. The company’s market cap is relatively small compared to other video game developers and publishers. However, its ROE is higher than the average for the video game industry. Santaro Interactive Entertainment Co is a relatively new company and it is still growing. The company has a strong focus on online and mobile gaming.

Summary

Skillz Inc is a publicly traded mobile gaming technology company. Their recent earnings report revealed a GAAP EPS of -$0.09, missing estimates by $0.02, and revenue of $44.4M, which missed estimates by $0.25M. As a result, the stock price moved down on the same day. Investors should take note of the company’s weak performance and the potential implications for future earnings and revenues. They should also consider the competitive landscape of the industry and how it may affect Skillz’s ability to generate future profits.

Additionally, investors should pay attention to any changes in management or other internal operations that may directly affect the company’s overall success.