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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  187.5219.1268.1330.4372.2389.9380.2343.0
            Revenue growth  -49.6%-43.8%-29.5%-3.7%23.7%84.5%122.0%148.1%
Costs and expenses:          
Cost of revenue  29.534.930.734.834.930.325.219.8
Research and development  24.0 52.060.965.757.646.240.6
Sales and marketing  154.5195.1277.6399.2461.9487.7466.7389.9
General and administrative  101.798.5163.2174.7202.8201.3135.8119.0
    Total costs and expenses  477.8529.9691.5717.1765.3776.9674.0569.3
    Loss from operations  -290.3-310.8-423.4-386.7-393.1-387.0-293.8-226.3
            Operating margin  -154.9%-141.9%-157.9%-117.1%-105.6%-99.2%-77.3%-66.0%
Gain on extinguishment of debt  15.2       
Interest expense, net  -13.4-19.3-24.0-20.6-16.9-9.4-1.2-0.2
Change in fair value of common stock warrant liabilities  0.7 6.011.4125.194.587.981.9
Other income (expense), net  0.2 0.10.3-0.20.00.0-0.5
    Loss before income taxes  -252.1 -441.2-395.6-285.1-301.8-207.1-145.1
Provision for (benefit from) income taxes  0.1-0.1-0.3-0.8-19.6-19.4-19.1-18.8
    Net loss  -287.7-328.4-440.9-394.8-265.5-282.4-187.9-126.3
   
Net loss per share attributable to common stockholders:          
Basic (in dollars per share)  ($1.61) ($4.00)($3.90)($3.58)($0.72)($0.50)($0.38)
Diluted (in dollars per share)  ($1.61) ($4.00)($3.91)($3.88)($1.02)($0.81)($0.26)
   
Weighted average shares outstanding:          
Basic (in shares)  211.2 311.5305.1300.4391.8380.6358.1
Diluted (in shares)  211.2 311.5306.1301.7393.0382.6359.1
   
Other comprehensive income (loss):          
Change in unrealized loss on available-for-sale investments, net of tax  -0.9       
    Total other comprehensive income (loss):  1.7 -1.3-2.7-2.9-2.3-0.2 
    Total comprehensive loss  -285.0-326.6-442.2-397.5-268.3-284.7-188.2-82.4

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