Moneymakero

SKLZ Fundamentals

NYSE:SKLZ   Skillz Inc.
I would say SKLZ is a risky stock but if your'e investing long term this shouldn't matter. They need to increase their revenue from more mobile games. They don't have a great market share. Nearly 80% of their revenue is derived solely from a few games. They have a good business model but they need to expand before I would personally invest. They're not currently generating a profit and they have negative free cash flow. These aren't signs of a healthy company. If they can beat the earnings calls several times in a row this could garner them attention.
Global gaming market is estimated to be 152 billion Mobile gaming industry is currently worth about 70 billlion or approximately 46% of the entire industry.
Mobile gaming market is expected to grow to 150 billion by 2025 which represents a CAGR of about 20% per annum. CAGR (compound annual growth rate).
I think gaming is still a relatively young industry and has tremendous growth prospects. Thats a little rundown of SKLZ.

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