Skillz: Large Cash Position But Core Business Keeps Declining [Seeking Alpha]
Skillz Inc. Class A (SKLZ)
Company Research
Source: Seeking Alpha
The company's revenues have declined by nearly 60% from their peak, and its user base is shrinking. Skillz is trading at a discount to its book value and has a sizable cash balance, but I don't see much evidence that shareholders will benefit from this situation. Looking for a helping hand in the market? Members of Ian's Insider Corner get exclusive ideas and guidance to navigate any climate. Learn More » At what point should a company simply wind up operations and liquidate? There comes a time when certain companies seemingly no longer have a realistic path to generating shareholder value. In such cases, the best course of affairs may simply be to close the operating business and return the remaining cash to shareholders. Arguably, that may be the case for online gaming company Skillz NYSE: SKLZ ). Skillz is a platform that had hoped to revolutionize the online gaming space. Its idea was to allow players to engage in skill-based matches where they could win real money prizes
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SKLZ
News
- New UFC FIGHT CARD RUMMY to Feature Live Tournament, Fan Favorite UFC Athletes and More [Yahoo! Finance]Yahoo! Finance
- Reflecting On Video Gaming Stocks' Q4 Earnings: Skillz (NYSE:SKLZ) [Yahoo! Finance]Yahoo! Finance
- Skillz, AviaGames to settle patent lawsuit over 'copycat' mobile games [Reuters]Reuters
- Skillz Receives NYSE Notice Regarding Late Form 10-K Filing [Yahoo! Finance]Yahoo! Finance
- Skillz Receives NYSE Notice Regarding Late Form 10-K FilingBusiness Wire
SKLZ
Earnings
- 3/14/24 - Beat
SKLZ
Sec Filings
- 4/8/24 - Form 8-K
- 3/18/24 - Form 4
- 3/14/24 - Form NT
- SKLZ's page on the SEC website