Out Fox The $treet

  Skillz failed to meet Q3'21 revenue targets despite more aggressive spending in Sales & Marketing. The company outspent revenues again driving the adjusted EBITDA loss up to $41.7 million. The stock remains expensive at 9x aggressive 2022 revenue targets. Looking for a helping hand in the market? Members of Out Fox The Street get exclusive ideas and guidance to navigate any climate.  Learn More » After another disappointing quarter,  Skillz  ( SKLZ ) appears headed even lower. The stock was priced irrationally after closing a SPAC deal earlier this year and the company still hasn't proven the business model isn't reliant on irrational marketing spending. My  investment thesis  is Neutral on the stock until the company is more efficient with marketing spending and can drive organic user growth. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.  Update - Feb. 23 Gui...

  Skillz fell after disappointing Q2 user totals and mounting costs. The skill-based gaming company continues to spend far too much on marketing expenses. The stock remains expensive at 10x '22 sales for a money-loser unable to grow users despite aggressive spending on marketing. I do much more than just articles at Out Fox The Street: Members get access to model portfolios, regular updates, a chat room, and more.  Learn More » Once promising  Skillz  ( SKLZ ) has again shown investors the problems with buying into too much hype. The skill-based gaming company has impressive revenue growth, but the lack of cost containment questions the LTV of gamers on the platform. My  investment thesis  remains Bearish on the stock despite the dip to the lows around $13. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.  Update - August 6 Skillz closing below $12 sets up more weaknes...

  Skillz beats Q1 revenue targets and guides up revenues for 2021. The company spent nearly $100 million on sales and marketing without meaningful growth in the MAUs for Q1. The stock is far too expensive at 20x '21 sales targets when the user base isn't growing despite wild UA marketing spending. Looking for more investing ideas like this one? Get them exclusively at Out Fox The Street.  Learn More » After a roller coaster ride the last six months,  Skillz  ( SKLZ ) has traded in a range under $20. The stock remains vastly overvalued for the current business prospects of the mobile skill based competition platform. My  investment thesis  remains negative on the stock after the recent rally back to overvalued levels. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.  Update - August 1 As investors were warned many times, Skillz was far over valued above at just $15. The ...