SKILLZ INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q) - Marketscreener.com

Forward-Looking Statements
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Our Financial Model
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Key Components of Results of Operations
Revenue
•Streamlined game and tournament management allowing players to register with the developer to compete in games for prizes while earning Skillz loyalty perks;
•Fair play in each tournament via the Skillz suite of fairness tools, including skill-based player matching and fraud monitoring;
•Systematic calls to end-user action via push notifications to users with game results, promotional offers, and time-sensitive actions; and
Costs and Expenses
Cost of Revenue
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Research and Development
Sales and Marketing
Results of Operations
The following table sets forth a summary of our results of operations for the periods indicated.
Three Months Ended March 31,
(148,113) $ (53,592)
Net loss per share attributable to common stockholders: Basic
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Research and Development
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Change in fair value common stock of warrant liabilities
The change in fair value of warrant liabilities was due to the decrease in the estimated fair value of the Private Common Stock Warrants.
Other (expense) income, net
(Benefit from) provision for income taxes
Adjusted EBITDA
(61,021) $ (31,129)
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Liquidity and Capital Resources
As of March 31, 2022, the Company had 4,535,728 Private Warrants outstanding. During the three months ended March 31, 2022, there was no exercise of any Private Warrants.
The following table provides a summary of cash flow data (in thousands):
(2,580) $ 389,662
Cash Flows from Operating Activities
Cash Flows from Investing Activities
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Cash Flows from Financing Activities
Contractual Obligations and Commitments
Our material cash requirements include the following contractual and other obligations.
Leases
Refer to “Liquidity and Capital Resources” under Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in this Form 10-Q for more information.
Off-Balance Sheet Arrangements
Critical Accounting Policies and Estimates
See critical accounting policies and estimates in our Form 10-K filed March 1, 2022 as there have been no material changes.
Recent Accounting Pronouncements
See Note 2 to our condensed consolidated financial statements for more information about recent accounting pronouncements, the timing of their adoption, and our assessment, to the extent we have made one, of their potential impact on our financial condition and our results of operations.
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