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Stock impact report

Skillz Inc (SKLZ) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic Focus [Yahoo! Finance]

Skillz Inc. Class A (SKLZ) 
Company Research Source: Yahoo! Finance
Net Loss: $21 million, compared to a net loss of $34 million in Q3 2023. Cash and Cash Equivalents: $301 million, with an additional $10 million in restricted cash. Total Outstanding Debt: $130 million in total principal due. Research and Development Expense: $5 million, down 40% year over year. Sales and Marketing Expense: $18 million, down 40% year over year. General and Administrative Expense: $18 million, down 26% year over year. Paid User Conversion Rate: 14% in Q3, down from 15% in Q2. Cash Flow from Operating Activities: Negative $11 million in Q3 2024. Warning! GuruFocus has detected 5 Warning Signs with SKLZ. Release Date: November 07, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Skillz Inc ( NYSE:SKLZ ) has maintained a strong balance sheet with cash, cash equivalents, and restricted cash totaling $311 million. The company has made progress in stabilizing its paying user base, with 121,000 p Show less Read more
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