Skillz (NYSE:FIRY) Posts Quarterly Earnings Results

Skillz (NYSE:FIRY) issued its earnings results on Thursday. The company reported ($1.52) EPS for the quarter, Zacks reports. The firm had revenue of $30.99 million during the quarter. Skillz had a negative net margin of 48.49% and a negative return on equity of 52.81%.

Skillz Price Performance

Shares of NYSE FIRY traded up $0.08 during mid-day trading on Thursday, reaching $10.06. 193,096 shares of the company’s stock traded hands, compared to its average volume of 722,167. The stock has a market capitalization of $157.08 million, a P/E ratio of -2.89 and a beta of 4.56. Skillz has a 1-year low of $2.23 and a 1-year high of $20.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on Skillz in a research note on Monday, July 6th. They issued a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

About Skillz

Skillz Inc is a mobile games platform that enables developers to build competitive, skill-based games and allows players to compete against one another in real-time contests. The company provides tools and services designed to help game studios add tournament-style gameplay, player matching, and social competition features to mobile titles.

Through its platform, Skillz hosts and powers multiplayer competitions across a range of casual game genres, with an emphasis on monetization through paid contests and in-game competition.