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Skillz Inc. (FEAC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K10-K10-K10-K10-K
Revenue  269.7380.2229.0119.950.8
            Revenue growth  -29.1%66.0%91.1%136.1% 
Costs and expenses:       
Cost of revenue  30.725.212.35.72.1
Research and development  52.346.223.211.27.5
Sales and marketing  277.0466.7254.3111.451.7
General and administrative  163.0135.842.516.415.0
    Total costs and expenses  691.1674.0332.2144.776.3
    Loss from operations  -421.4-293.8-103.2-24.8-25.5
            Operating margin  -156.2%-77.3%-45.1%-20.7%-50.3%
Interest expense, net  -24.0-1.2-1.3-2.5-2.2
Change in fair value of common stock warrant liabilities  6.087.9-23.0  
Other income (expense), net  0.10.0-21.43.70.0
    Loss before income taxes  -439.2-207.1-149.0-23.6-27.8
Provision for (benefit from) income taxes  -0.3-19.10.1  
    Net loss  -438.9-187.9-149.1-23.6-27.8
   
Net loss per share attributable to common stockholders:       
Basic (in dollars per share)  ($1.07)($0.49)($0.51)($0.09)($0.12)
Diluted (in dollars per share)  ($1.07)($0.71)($0.51)($0.09) 
   
Weighted average shares outstanding:       
Basic (in shares)  410.0384.6294.5261.2236.0
Diluted (in shares)  410.0388.5294.5261.2236.0
   
Other comprehensive income (loss):       
Change in unrealized loss on available-for-sale investments, net of tax  -1.3-0.2   
    Total other comprehensive income (loss):  -1.3-0.2   
    Total comprehensive loss  -440.2-188.2-149.1-23.6 

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