Skillz (SKLZ) Stock

2023 Update

About Skillz

Skillz Inc. is an American based company operating in the communication services sector. Founded in 2012, it is headquartered in San Francisco, California. Skillz has a staff of approximately 240 full-time employees. Its primary focus is in the development and support of a proprietary online-hosted technology platform. This platform enables game developers to host tournaments and provide competitive gaming to end-users.

The company primarily distributes games through its own website and third-party app stores. Many of the projects they have developed come from the mobile video game platform and industry, Electronic Gaming & Multimedia. Members of their leadership team include executives from venture capital firms and technology companies.

Skillz has recently announced an additional $400 million in series D venture funding, led by Crescent Cove. The company currently holds a market value of over $3 billion.

Skillz’s mission is to celebrate happiness and prosperity with their fans through the power of play. They strive to do this by enabling anyone to compete and win real prizes in a fair and secure environment with daily tournaments and head-to-head competitions for gamers around the world.

To learn more about Skillz, contact them at 415 762 0511 or visit their website at

Skillz's Performance

Skillz Inc. is a technology company that has been expanding over the past few years. The company is currently performing well, although there are signs of potential struggles ahead.

One indicator of Skillz Inc.’s growth is its return on assets (ROA). In the last year, Skillz Inc. has seen its return on assets decrease to -9.60%. This suggests that the company is investing more money into its business operations than it is earning back from them.

Another positive indicator of Skillz Inc.’s performance is its earnings growth. The company has seen its earnings grow by 3.2% over the past year. This is a positive sign that the company is able to generate more profits each year.

Skillz Inc. also has a relatively healthy balance sheet. The company currently has a strong financial position with total cash of 504,108,000 USD, total debt of 288,409,984 USD, and total revenue of 222,228,000 USD.

In comparison to other companies in its industry, Skillz Inc. has a relatively low debt-to-equity ratio of 113.38. This illustrates that the company is investing a relatively minimal amount of debt into its operations.

Overall, Skillz Inc. is performing relatively well. The company is able to generate positive earnings and has a healthy balance sheet. However, potential signs of struggles lie ahead, as indicated by its declining return on assets. Skillz Inc. will need to carefully manage its business operations if it is to maintain a competitive position in its industry.

How does Skillz Perform During a Recession?

Given the current condition of the economy, assessing how a company like Skillz performs during a recession is of the utmost importance. The recession has caused significant uncertainty and anxiety for many organizations, and Skillz is no exception.

However, Skillz has proved to remain resilient in spite of the economic downturn. Through the years, they have demonstrated extraordinary agility in responding to the challenges presented by the recession. Its strong foothold of partnerships with major game developers and app stores are a huge help in ensuring consistent revenue and customer growth during unfavorable conditions.

Moreover, there is good reason to expect growth in the online gaming and esports industry even in a recession. Many games and competitions are designed to be fast, accessible and low cost, meaning that players can access and enjoy them for a low cost, making them a more viable recreational option than going out when finances are tight.

The recession has also caused a shift in spending from physical goods to digital goods and services, which continues to fuel the growth of the online gaming and esports industry. As the industry continues to expand, Skillz is already well-positioned to benefit, given their leading share of offerings.

Overall, Skillz Inc. has managed to remain resilient in the midst of recession. Its strong foothold in the online gaming and esports industry, plus its innovative approach to responding to economic shifts, all give reason for optimism about the company’s future performance.

How does Skillz Perform During High Inflation Economy?

When faced with high inflation, Skillz Inc. employs a number of strategies to remain profitable and competitive. One of the key strategies is to focus on cost cutting. The company has implemented sourcing initiatives such as vendor consolidation and cost-based pricing. They have also shifted their focus to emerging markets for manufacturing which can lower labor costs.

The company has also adopted pricing strategies such as periodic promotions or discounted rates. To ensure that they are not losing customers, they also focus on the quality of the products and services they offer. They have strived to ensure that their products are competitively priced and focus on providing a seamless customer experience.

The company has also implemented new technologies to ensure scalability and efficiency. This includes making sure that their services are automated and can accommodate increasing customer demand. This ensures that they are able to handle customer transactions quickly and efficiently without any delays.

Finally, Skillz Inc. also invests heavily in R&D. This includes exploring new technologies and products to expand their reach and customer base. This helps them to remain relevant and competitive in the market even when faced with high inflation.

What Are the Risks Associated to Skillz (SKLZ)?


Investors should be aware of the numerous risks associated with investing in Skillz Inc. These include macroeconomic and industry risks, as well as risks specific to the company itself.

Macroeconomic and industry risks include competition from larger, more established companies, changes in technology, and fluctuations in the economy. Such risks may be difficult to predict and could hurt Skillz Inc.’s operations.

Company specific risks investors should be aware of include operational risks such as new regulations and lawsuits, as well as financial risks such as declining profits and a failure to maintain a healthy balance sheet.

Investors should also understand the company’s dependence on venture capital. If venture capital investors find the company unattractive, they could decide to cease investing in the company, resulting in a lack of adequate funding for future expansion.

Overall, investors should be aware of the various risks associated with investing in Skillz Inc. before deciding to purchase the stock. To reduce their exposure to risk, investors should diversify their portfolios and research potential investments thoroughly.