well-known investors<\/a> have come to the defense of the firm, saying that the short reports are off base, and that the company’s growth opportunities are misunderstood by those wagering against Skillz stock.<\/p>\nExecutive Change<\/h2>\n
Skillz said Henry is retiring and that he will be replaced by Ian Lee on June 21. Lee joins the gaming company from Airbnb (NASDAQ:ABNB), which he helped take public.<\/p>\n
Lee previously helped two other tech companies — Altassian and Trulia — go public as well. He joins Skillz as the company has $613 million in cash on hand and no liabilities as of the end of the first quarter.<\/p>\n
A potential surprise for Skillz investors could come in the form of a new Tetris game, which could launch later this year. Paradise said that’s currently not modeled into the aforementioned 2021 sales forecast.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Skillz Inc. (NYSE:SKLZ) raised its 2021 revenue forecast Tuesday, announced a new chief financial officer (CFO), and finally hit back at recent bearish reports against the gaming company. But the shares fell in after-hours trading. The mobile games developer said it now expects full-year sales of $375 million, representing 63 percent year-over-year growth, and up […]<\/p>\n","protected":false},"author":46,"featured_media":172678,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,19],"tags":[],"acf":[],"yoast_head":"\n
Skillz Stock May Get Some Relief if Company Beats 2021 Guidance<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n