Skillz Historical Income Statement
| SKLZ Stock | USD 6.53 0.09 1.40% |
Historical analysis of Skillz Platform income statement accounts such as Selling And Marketing Expenses of 234.7 M, Total Revenue of 220.9 M, Gross Profit of 204.2 M or Other Operating Expenses of 368.7 M can show how well Skillz Platform performed in making a profits. Evaluating Skillz Platform income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Skillz Platform's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Skillz Platform latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Skillz Platform is a good buy for the upcoming year.
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About Skillz Income Statement Analysis
Skillz Platform Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Skillz Platform shareholders. The income statement also shows Skillz investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Skillz Platform Income Statement Chart
Skillz Platform Income Statement is one of the three primary financial statements used for reporting Skillz's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Skillz Platform revenue and expense. Skillz Platform Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Skillz Platform's Reconciled Depreciation is fairly stable compared to the past year. Total Other Income Expense Net is likely to rise to about 10 M in 2024, whereas Net Interest Income is likely to drop (9.8 M) in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts Skillz Platform generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Skillz Platform minus its cost of goods sold. It is profit before Skillz Platform operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from Skillz Platform's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Skillz Platform current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skillz Platform. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Skillz Stock please use our How to Invest in Skillz Platform guide.At this time, Skillz Platform's Reconciled Depreciation is fairly stable compared to the past year. Total Other Income Expense Net is likely to rise to about 10 M in 2024, whereas Net Interest Income is likely to drop (9.8 M) in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 359.4M | 239.0M | 134.7M | 204.2M | Total Revenue | 384.1M | 269.7M | 150.1M | 220.9M |
Skillz Platform income statement Correlations
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Skillz Platform Account Relationship Matchups
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Skillz Platform income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Net Interest Income | (2.5M) | (1.3M) | (1.2M) | (24.0M) | (9.4M) | (9.8M) | |
| Depreciation And Amortization | 4.4M | (19.8M) | 11.2M | 18.0M | 2.0M | 3.0M | |
| Interest Expense | 2.5M | 1.3M | 1.2M | 24.0M | 3.2M | 6.3M | |
| Selling General Administrative | 16.4M | 42.3M | 135.0M | 163.0M | 100.0M | 86.5M | |
| Selling And Marketing Expenses | 111.4M | 251.9M | 465.5M | 277.0M | 122.6M | 234.7M | |
| Total Revenue | 119.9M | 230.1M | 384.1M | 269.7M | 150.1M | 220.9M | |
| Gross Profit | 114.2M | 217.8M | 359.4M | 239.0M | 134.7M | 204.2M | |
| Other Operating Expenses | 144.7M | 329.7M | 671.2M | 523.0M | 266.1M | 368.7M | |
| Operating Income | (24.8M) | (99.6M) | (287.1M) | (253.3M) | (116.0M) | (121.7M) | |
| Net Income From Continuing Ops | (23.6M) | (122.5M) | (181.4M) | (438.9M) | (229.3M) | (240.8M) | |
| Ebit | (24.8M) | (99.6M) | (287.1M) | (253.3M) | (116.0M) | (121.7M) | |
| Research Development | 11.2M | 23.2M | 46.0M | 52.3M | 28.1M | 30.9M | |
| Ebitda | (20.4M) | (119.4M) | (275.9M) | (235.3M) | (114.0M) | (119.7M) | |
| Cost Of Revenue | 5.7M | 12.3M | 24.7M | 30.7M | 15.4M | 16.7M | |
| Total Operating Expenses | 139.0M | 317.5M | 646.5M | 492.3M | 250.7M | 352.0M | |
| Reconciled Depreciation | 711K | 1.6M | 11.1M | 17.9M | 4.0M | 6.6M | |
| Income Before Tax | (23.6M) | (122.3M) | (200.4M) | (439.2M) | (106.5M) | (111.8M) | |
| Total Other Income Expense Net | 1.2M | (22.7M) | 86.7M | (185.9M) | 9.5M | 10.0M | |
| Net Income Applicable To Common Shares | (23.6M) | (122.5M) | (181.4M) | (438.9M) | (395.0M) | (375.2M) | |
| Net Income | (29.8M) | (122.5M) | (181.4M) | (438.9M) | (106.7M) | (112.0M) | |
| Income Tax Expense | 6.2M | 115K | (19.0M) | (345K) | 228K | 239.4K |
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When determining whether Skillz Platform offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Skillz Platform's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Skillz Platform Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Skillz Platform Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skillz Platform. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Skillz Stock please use our How to Invest in Skillz Platform guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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When running Skillz Platform's price analysis, check to measure Skillz Platform's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Skillz Platform is operating at the current time. Most of Skillz Platform's value examination focuses on studying past and present price action to predict the probability of Skillz Platform's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skillz Platform's price. Additionally, you may evaluate how the addition of Skillz Platform to your portfolios can decrease your overall portfolio volatility.
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Is Skillz Platform's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Skillz Platform. If investors know Skillz will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Skillz Platform listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 30.538 | Earnings Share (5.11) | Revenue Per Share 7.185 | Quarterly Revenue Growth (0.32) | Return On Assets (0.14) |
The market value of Skillz Platform is measured differently than its book value, which is the value of Skillz that is recorded on the company's balance sheet. Investors also form their own opinion of Skillz Platform's value that differs from its market value or its book value, called intrinsic value, which is Skillz Platform's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Skillz Platform's market value can be influenced by many factors that don't directly affect Skillz Platform's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Skillz Platform's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skillz Platform is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skillz Platform's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.