Skillz Rebrands to Firy, Investor Deck Shows Q1 Revenue Growth and Improved Margins
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.