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3 Red Flags For Skillz's Future

TheMotleyFool

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Skillz's (NYSE: SKLZ) stock price plunged 31% during after-hours trading on Feb. 23 following its fourth-quarter earnings report.

The social gaming platform company's revenue rose 61% year over year to $109 million, which missed analysts' estimates by $5 million. Its net loss widened from $67 million to $99 million, or $0.25 per share, which also missed the consensus forecast by a dime.

Skillz's stock has now declined 95% from its all-time high of $45.55 per share -- which it briefly hit during the Reddit-fueled rally a year ago. Unfortunately, three bright red flags indicate it could still drop even further.

Source Fool.com

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