Skillz Rebrands to Firy, Investor Deck Shows Q1 Revenue Growth and Improved Margins
SKLZ has more than doubled off its 52-week low of $2.23 on light trading volume (0.1× avg).
Summary
Skillz Inc. has rebranded to Firy Inc., effective today, and released an investor presentation detailing its turnaround progress. The presentation highlights Q1 2026 revenue of $29 million, a 33% increase year-over-year, and strong gross margins between 82%-88%. Adjusted EBITDA loss has significantly improved to approximately $46 million (LTM ex-litigation) from $188 million in 2021. This news follows an 8-K filed earlier today announcing the rebranding and the release of the investor presentation, providing further detail on the company's financial improvements amidst recent executive changes and a major legal verdict.
At the time of this announcement, SKLZ was trading at $8.83 on NYSE in the Technology sector, with a market capitalization of approximately $129.9M. The 52-week trading range was $2.23 to $20.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.