$SKLZ Skillz Inc Earnings Headlines and Takeaways – #stocks chatter

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$SKLZ Skillz Inc Earnings Headlines and Takeaways
Headlines:
\- $83.7m in Revenue compared to an internal projection of 80m
\- pMAU Growth of 81% and ARPU up to $10.35
\- Adj. EBITDA loss of -41.1m compared to -33.4M est. (due to increased marketing spending and they said this would be their highest quarter for marketing spend)
\- raised rev guidance for 2021 to $375m representing 63% YoY growth
\- android users growing at 2x speed of IOS (increasing penetration)
\- on track to enter India by the end of the year
\- plans to add additional games like first-person shooters and synchronous play.
\- burnt 48m in cash (\~240m a year in cash burn) but has 613m on the balance sheet meaning they won't have to dilute shareholders for a while.

MOST IMPORTANTLY: The guidance does not include new games, Tetris, synchronous play, OR India expansion.

I think this company was beat up with the rest of the SPACs, but investors really threw the baby out with the bathwater on this one. Shout out to the shareholders on Stocktalk for providing good information! Link if interested--> [https://testflight.apple.com/join/J22OgDlP](https://testflight.apple.com/join/J22OgDlP)
https://www.reddit.com/r/StockMarket/comments/n4zyd0/sklz_skillz_inc_earnings_headlines_and_takeaways/

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