Thread by @plantmath1

$SKLZ

92% Revenue Growth to $84M beats est $78M
Raised FY21 Guidance to $375M representing 63% growth

d18rn0p25nwr6d.cloudfront.net/CIK-0001801661…

$SKLZ
Paying MAU up 81% YoY
MAU to Paid MAU conversion rate up to 17% from 16% in Q4
ARPU $10.35

Added our first ever Chief Marketing Officer, Tyler Williamson, who comes to Skillz from Beats Electronics LLC.

We have begun and will continue to vigorously defend Skillz intellectual property from theft by enforcing our patents and copyrights where we see infringement.

In Q1, we expanded our Android footprint, growing revenue from Android users 2x faster than iOS

We recently launched a new set of developer progression features. These features allow game developers to create in-game milestones and recognition for players.

we will also be able to support real-time, multiplayer content genres, such as Battle Royale. .. to broaden the demographics of users on the platform, giving developers an opportunity to reach new gamers, enhance retention, increase lifetime value, and lower user acquisition cost

We remain on track to launch in India by the end of the year, with our patented and proprietary technology which offers players a fair and trusted experience serving as a core competitive advantage that we bring to the opportunity.

We ended the first quarter with $613 million of cash and no debt. As of April 30, 2021, 9.5 million public warrants have been exercised, generating $109.5 million of net proceeds to the company

So within 30 minutes..

The stock dropped 13% on algos after they released the 8-K boilerplate regarding SPAC balance sheets.

Then bounced 20% on earnings.

Then floated down 8%.

Now about flat AH.

The stock is definitely still in price discovery mode. Volatility is insane.