Skillz Highlights Plans to Counter Its Biggest Challenge
Skillz (NYSE: SKLZ) stock was up over 20% following its investor day on March 15. The rise was a welcome sign to shareholders. Even after the rise of more than 20%, Skillz stock is still down 61% year to date in 2022.
The market has fallen out of love with unprofitable growth stocks, and Skillz falls in that category. The company is growing revenue rapidly but reporting losses on the bottom line. Growing efficiently appears to be the most significant challenge Skillz is facing, and management highlighted some steps it's taking toward that aim.
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Source Fool.com
