회사 개요
Skillz Inc. operates a global mobile game platform primarily serving the United States, Israel, China, Malta, Hong Kong, Cyprus, and other international markets, facilitating monetization for game developers through multiplayer competition. The company is classified within the Communication Services sector and specifically operates in the Electronic Gaming & Multimedia industry, positioning it as a key enabler for the competitive gaming ecosystem. Skillz maintains a market capitalization of $39.16M and reported annual revenue of $104.50M over the trailing twelve months, with no disclosed employee count available in current filings. These valuation and revenue figures indicate that the company functions as a small-cap entity with a significant revenue base relative to its market value, suggesting a business model that prioritizes rapid expansion and platform utility over traditional profitability metrics in its current lifecycle.
재무 건전성
Skillz Inc. reported revenue of $104.50M for the trailing twelve months, yet it posted a net income loss of $70,408,000 and an EBITDA loss of $70,037,000, revealing a substantial gap between top-line growth and bottom-line performance driven by high operational expenditures. The company generated free cash flow of $-39,382,376, which indicates a current consumption of cash reserves rather than generation, limiting immediate financial flexibility for capital expenditures or aggressive acquisitions without external financing. The gross margin stands at 87.5%, reflecting the capital-light nature of the software and platform business model, while the operating margin of -53.9% and profit margin of -67.4% highlight significant scaling costs or sales and marketing expenses that have not yet been offset by operating income. On the balance sheet, the company holds cash of $194.51M against total debt of $128.72M, resulting in a debt-to-equity ratio of 115.11, which suggests a leveraged position relative to equity but is partially mitigated by the strong cash buffer. The current ratio is 1.20, indicating that the company possesses 1.20 dollars of current assets for every dollar of current liabilities, suggesting adequate short-term liquidity to meet immediate obligations. Return on equity is -49.4% and return on assets is -13.4%, metrics that reveal that management has not yet achieved positive returns on shareholder capital or total assets, reflecting the early-stage growth characteristics of the business.
밸류에이션 평가
The trailing P/E ratio is not applicable due to negative earnings, whereas the forward P/E is listed at -0.75, implying that the market anticipates continued negative earnings or a specific accounting adjustment in the upcoming period rather than a standard earnings multiple. The price-to-book ratio is 0.30, indicating that the company is trading at a significant discount to its book value, which often reflects market concerns about the sustainability of current losses or the difficulty in converting assets into cash. Alternative valuation metrics such as the price-to-sales ratio of 0.37 and an EV/EBITDA of 0.38 suggest that the stock is priced on a very low multiple of sales and earnings before interest, taxes, depreciation, and amortization, typical for high-growth technology firms that are currently unprofitable. The 52-week high is $9.11 and the 52-week low is $2.23, providing a trading range where the current price sits significantly below the recent peak, reflecting the volatility inherent in small-cap gaming stocks. The beta value is 3.09, meaning the stock price is expected to be approximately three times more volatile than the broader market, exposing investors to substantial price swings during periods of market stress or sector rotation.
Growth & Income
Skillz Inc. demonstrated a revenue growth rate of 68.9% year-over-year, while earnings growth is not applicable due to the lack of positive earnings, indicating that top-line expansion is occurring independently of immediate profit generation. As a non-dividend payer, the company reports a dividend yield of N/A and a payout ratio of 0.0%, confirming that the company retains all earnings to fund operations and growth initiatives rather than distributing income to shareholders. This reinvestment strategy is common for companies in the electronic gaming sector that prioritize scaling their platform capabilities and acquiring new talent over returning capital to investors. The overall growth and income profile is characterized by rapid revenue acceleration and zero dividend distribution, reflecting a capital-intensive growth phase where cash flow generation has not yet stabilized to support shareholder payouts.