Close

Skillz (SKLZ) Misses Q4 EPS by 4c, Revenues Beat

March 10, 2021 4:30 PM EST

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Skillz (NYSE: SKLZ) reported Q4 EPS of ($0.14), $0.04 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $67.72 million versus the consensus estimate of $62.49 million.

Fourth Quarter Financial Highlights

  • Revenue grew to $68 million during the fourth quarter of 2020, 8% higher than expectations, and up 95% compared with $35 million during the comparable quarter in 2019.
  • Gross profit grew 95% to $64 million during the fourth quarter of 2020, compared with $33 million during the comparable quarter in 2019.
  • Gross margin was 95% during the fourth quarter of 2020, consistent with the comparable quarter in 2019.
  • Net loss was $44 million during the fourth quarter of 2020, compared with a net loss of $9 million during the comparable quarter in 2019.
  • Gross Marketplace Volume1 (“GMV”) grew 78% to $463 million during the fourth quarter of 2020, compared with $259 million during the comparable quarter in 2019.

“Our first quarter as a publicly traded company was our twentieth consecutive quarter of revenue growth,” said Andrew Paradise, CEO and founder. “We look forward to many more such quarters ahead.”

GUIDANCE:

Skillz sees FY2021 revenue of $366 million, versus the consensus of $366.09 million.

For earnings history and earnings-related data on Skillz (SKLZ) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Earnings, Guidance, Management Comments

Related Entities

Earnings