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In a turbulent market environment, SKLZ Inc. stock has reached a 52-week low, dipping to $4.28. According to InvestingPro analysis, the company maintains strong fundamentals with an impressive gross profit margin of 86% and a healthy current ratio of 5.14, indicating solid short-term liquidity despite the price decline. The company, which has been navigating through a challenging period, has seen its share price reflect investor concerns and broader market trends. Over the past year, SKLZ’s performance has been notably impacted, with revenue declining 37% year-over-year. Trading at just 0.42 times book value, InvestingPro’s Fair Value analysis suggests the stock may be undervalued. Discover 12 additional exclusive ProTips and comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription. This downturn highlights the volatility that SKLZ and similar companies have faced in the current economic climate, as investors recalibrate their expectations and strategies in response to ongoing industry and global financial pressures. Despite these challenges, InvestingPro data shows the company holds more cash than debt on its balance sheet, providing some financial flexibility during this volatile period.
In other recent news, Skillz Inc. reported its fourth-quarter earnings, revealing a revenue of $20.4 million, which fell short of the analyst consensus of $20.37 million. This figure also marked a significant decline compared to $46.9 million in the same quarter last year. The company posted a net loss of $26.4 million, or -$1.50 per share, aligning with the expected loss per share. Skillz’s adjusted EBITDA loss widened to $18.5 million during this period. Additionally, the company experienced a decrease in paying monthly active users, dropping to 110,000 from 268,000 the previous year, although the average revenue per paying user increased to $68.1 from $62.5 year-over-year. For the full year 2024, Skillz reported total revenue of $95.5 million and a net loss of $48.2 million. The company concluded the year with $281.9 million in cash and equivalents, alongside total outstanding debt of $129.7 million. Skillz’s CEO, Andrew Paradise, noted improvements in paying monthly active users from November 2024 through February 2025.
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