Skillz (NYSE:FIRY) Announces Quarterly Earnings Results

Skillz (NYSE:FIRY) released its earnings results on Thursday. The company reported ($1.52) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $30.99 million during the quarter. Skillz had a negative net margin of 48.49% and a negative return on equity of 52.81%.

Skillz Stock Performance

Shares of Skillz stock traded up $0.08 on Thursday, reaching $10.06. 193,096 shares of the company’s stock were exchanged, compared to its average volume of 722,167. The stock has a market capitalization of $157.08 million, a price-to-earnings ratio of -2.89 and a beta of 4.56. Skillz has a 52 week low of $2.23 and a 52 week high of $20.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on Skillz in a report on Monday, July 6th. They set a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Skillz presently has a consensus rating of “Sell”.

About Skillz

Skillz Inc is a mobile games platform that enables developers to build competitive, skill-based games and allows players to compete against one another in real-time contests. The company provides tools and services designed to help game studios add tournament-style gameplay, player matching, and social competition features to mobile titles.

Through its platform, Skillz hosts and powers multiplayer competitions across a range of casual game genres, with an emphasis on monetization through paid contests and in-game competition.