Skillz (NYSE:FIRY) Posts Quarterly Earnings Results

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

Skillz Stock Performance

FIRY stock traded up $0.08 during trading on Thursday, hitting $10.06. 200,945 shares of the stock traded hands, compared to its average volume of 722,259. The company has a market capitalization of $157.08 million, a price-to-earnings 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 started coverage on shares of Skillz in a report on Monday, July 6th. They issued a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average 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.