SKYAW
SKYAW
SkyAI, Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2022 | $0 | $190.62K ▲ | $14.06M ▲ | 0% | $0.63 ▲ | $-1.39M ▼ |
| Q3-2022 | $0 | $189.15K ▼ | $3.64M ▼ | 0% | $0.16 ▼ | $2.1M ▼ |
| Q2-2022 | $0 | $290.94K | $4.74M | 0% | $0.21 | $2.31M |
What's going well?
The company reported a large net profit and higher earnings per share, mainly thanks to tax benefits and non-operating income. No interest expense or dilution issues.
What's concerning?
There is still no revenue, and core operations are losing more money. The profit is not from business activity, but from accounting items, which is not sustainable.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2022 | $888.38K ▼ | $225.22M ▲ | $8.56M ▼ | $216.66M ▲ |
| Q3-2022 | $919.92K ▼ | $223.82M ▲ | $9.74M ▼ | $214.08M ▲ |
| Q2-2022 | $997.1K | $223.24M | $10.52M | $212.73M |
What's financially strong about this company?
SKYAW has no debt, plenty of cash to cover its bills, and nearly all assets are high-quality investments. Shareholder equity is very high, giving a strong safety net.
What are the financial risks or weaknesses?
Retained earnings are negative, meaning the company has lost money over time. Cash is a tiny part of total assets, so liquidity depends on the ability to sell investments if needed.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2022 | $2.58M ▲ | $-31.55K ▲ | $0 | $0 | $-31.55K ▲ | $-31.55K ▲ |
| Q3-2022 | $1.36M ▼ | $-77.18K ▲ | $0 | $0 | $-77.18K ▲ | $-77.18K ▲ |
| Q2-2022 | $2.14M | $-129K | $0 | $0 | $-129K | $-129K |
What's strong about this company's cash flow?
Cash burn is shrinking, and the company still has enough cash to operate for several more quarters. No debt or dilution means the balance sheet is clean.
What are the cash flow concerns?
The business is not generating cash from operations, and reported profits are not turning into real cash. Continued cash burn will eventually require new funding.
5-Year Trend Analysis
A comprehensive look at SkyAI, Inc.'s financial evolution and strategic trajectory over the past five years.
SkyAI combines a strong, debt‑free balance sheet and solid liquidity with an ambitious vision aimed at large, underbanked populations in emerging markets. It benefits from meaningful financial assets that generate interest income, leadership with fintech experience, and a strategy that taps into powerful themes such as AI‑driven financial guidance and low‑cost blockchain payments.
The main concerns are the absence of operating revenue, ongoing negative operating and free cash flow, and heavy reliance on non‑operating income to show accounting profits. The business model is unproven after a major strategic pivot, regulatory and competitive pressures in target markets are high, retained earnings are negative, and over time the company may need additional capital if the platform does not quickly move toward commercial traction.
Near‑term financial results are likely to remain dominated by investment returns and cash burn rather than by recurring software or transaction revenue. The medium‑ to long‑term outlook is highly binary and depends on whether SkyAI can successfully design, launch, and scale its agentic finance platform, secure partnerships and regulatory footing in the Global South, and convert its capital base into a sustainable operating franchise. The range of possible outcomes is wide, and uncertainty is high given the early stage of execution.
About SkyAI, Inc.
https://www.theskyai.coSkyAI, Inc. engages in building an Agentic finance for the global south. It combines stablecoin rails with AI to deliver financial access, education, and actionable intelligence to the underbanked users in Asia, Latin America, and Africa. The company was formerly known as Sharps Technology, Inc. and changed its name to SkyAI, Inc. in May 2026.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2022 | $0 | $190.62K ▲ | $14.06M ▲ | 0% | $0.63 ▲ | $-1.39M ▼ |
| Q3-2022 | $0 | $189.15K ▼ | $3.64M ▼ | 0% | $0.16 ▼ | $2.1M ▼ |
| Q2-2022 | $0 | $290.94K | $4.74M | 0% | $0.21 | $2.31M |
What's going well?
The company reported a large net profit and higher earnings per share, mainly thanks to tax benefits and non-operating income. No interest expense or dilution issues.
What's concerning?
There is still no revenue, and core operations are losing more money. The profit is not from business activity, but from accounting items, which is not sustainable.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2022 | $888.38K ▼ | $225.22M ▲ | $8.56M ▼ | $216.66M ▲ |
| Q3-2022 | $919.92K ▼ | $223.82M ▲ | $9.74M ▼ | $214.08M ▲ |
| Q2-2022 | $997.1K | $223.24M | $10.52M | $212.73M |
What's financially strong about this company?
SKYAW has no debt, plenty of cash to cover its bills, and nearly all assets are high-quality investments. Shareholder equity is very high, giving a strong safety net.
What are the financial risks or weaknesses?
Retained earnings are negative, meaning the company has lost money over time. Cash is a tiny part of total assets, so liquidity depends on the ability to sell investments if needed.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2022 | $2.58M ▲ | $-31.55K ▲ | $0 | $0 | $-31.55K ▲ | $-31.55K ▲ |
| Q3-2022 | $1.36M ▼ | $-77.18K ▲ | $0 | $0 | $-77.18K ▲ | $-77.18K ▲ |
| Q2-2022 | $2.14M | $-129K | $0 | $0 | $-129K | $-129K |
What's strong about this company's cash flow?
Cash burn is shrinking, and the company still has enough cash to operate for several more quarters. No debt or dilution means the balance sheet is clean.
What are the cash flow concerns?
The business is not generating cash from operations, and reported profits are not turning into real cash. Continued cash burn will eventually require new funding.
5-Year Trend Analysis
A comprehensive look at SkyAI, Inc.'s financial evolution and strategic trajectory over the past five years.
SkyAI combines a strong, debt‑free balance sheet and solid liquidity with an ambitious vision aimed at large, underbanked populations in emerging markets. It benefits from meaningful financial assets that generate interest income, leadership with fintech experience, and a strategy that taps into powerful themes such as AI‑driven financial guidance and low‑cost blockchain payments.
The main concerns are the absence of operating revenue, ongoing negative operating and free cash flow, and heavy reliance on non‑operating income to show accounting profits. The business model is unproven after a major strategic pivot, regulatory and competitive pressures in target markets are high, retained earnings are negative, and over time the company may need additional capital if the platform does not quickly move toward commercial traction.
Near‑term financial results are likely to remain dominated by investment returns and cash burn rather than by recurring software or transaction revenue. The medium‑ to long‑term outlook is highly binary and depends on whether SkyAI can successfully design, launch, and scale its agentic finance platform, secure partnerships and regulatory footing in the Global South, and convert its capital base into a sustainable operating franchise. The range of possible outcomes is wide, and uncertainty is high given the early stage of execution.
CEO
Paul K. Danner