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Income Statement
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Skillz Inc. (FEAC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21
   10-Q8-K10-K10-Q10-Q10-Q10-K10-Q
Revenue  40.244.442.760.371.893.4104.9102.1
            Revenue growth  -44.0%-52.5%-59.3%-41.0%-19.8%11.7%54.9%70.2%
Costs and expenses:          
Cost of revenue  3.713.54.97.69.09.39.07.6
Research and development  9.0 6.78.418.318.715.613.2
Sales and marketing  33.134.934.751.873.7117.3156.3114.5
General and administrative  30.128.123.220.326.992.834.748.4
    Total costs and expenses  75.876.5190.0135.5127.9238.0215.6183.7
    Loss from operations  -35.6-32.1-147.4-75.3-56.1-144.6-110.7-81.6
            Operating margin  -88.7%-72.3%-345.2%-124.9%-78.2%-154.8%-105.5%-80.0%
Gain on extinguishment of debt  15.2       
Interest expense, net  -1.7-3.5-4.4-3.8-7.6-8.2-1.1-0.1
Change in fair value of common stock warrant liabilities  0.2 0.6-0.11.04.56.0113.6
Other income (expense), net  0.0 -0.30.5-0.10.0-0.10.0
    Loss before income taxes  -22.0 -151.5-78.7-62.8-148.3-105.831.8
Provision for (benefit from) income taxes  0.00.10.1-0.1-0.2-0.2-0.3-18.9
    Net loss  -22.0-35.6-151.6-78.5-62.6-148.1-105.550.8
   
Net loss per share attributable to common stockholders:          
Basic (in dollars per share)  ($1.05) ($0.37)($0.19)($3.07)($0.37)($0.27)$0.13
Diluted (in dollars per share)  ($1.05) ($0.37)($0.19)($3.07)($0.37)($0.28)($0.16)
   
Weighted average shares outstanding:          
Basic (in shares)  21.0 410.0413.820.4401.7384.6395.1
Diluted (in shares)  21.0 410.0413.820.4401.7388.5396.0
   
Other comprehensive income (loss):          
Change in unrealized loss on available-for-sale investments, net of tax  0.4 -1.3 -0.6 -0.2 
    Total other comprehensive income (loss):  0.4 1.20.1-0.6-2.0-0.2 
    Total comprehensive loss  -21.6-34.6-150.4-78.4-63.2-150.2-105.850.8

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