SKYX - SKYX Platforms Corp. Stock Analysis | Stock Taper
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SKYX Platforms Corp.

SKYX

SKYX Platforms Corp. NASDAQ
$1.94 0.26% (+0.01)

Market Cap $219.01 M
52w High $3.29
52w Low $0.88
P/E -5.53
Volume 881.41K
Outstanding Shares 113.47M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $23.89M $14.33M $-7.62M -31.88% $-0.07 $-6.29M
Q2-2025 $23.06M $14.52M $-8.83M -38.28% $-0.08 $-6.25M
Q1-2025 $20.11M $13.42M $-9.05M -45% $-0.09 $-6.71M
Q4-2024 $23.68M $14.98M $-10.01M -42.26% $-0.1 $-8.08M
Q3-2024 $22.17M $14.45M $-8.62M -38.89% $-0.08 $-6.88M

What's going well?

Revenue grew 4% and gross margins improved, showing better product profitability. Operating expenses are under control, and interest costs fell sharply, helping narrow losses.

What's concerning?

The company is still losing money and burning cash, with a net loss of $7.6 million. Share dilution is hurting existing shareholders, and there is no spending on R&D, raising questions about future growth.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $7.83M $58.41M $57.25M $1.16M
Q2-2025 $12.85M $64.44M $58.75M $5.69M
Q1-2025 $9.44M $63.17M $58.89M $4.28M
Q4-2024 $12.64M $65.89M $56.83M $9.05M
Q3-2024 $10.17M $64.97M $61.14M $3.83M

What's financially strong about this company?

The company owns real assets like property and equipment, and some customers are prepaying for products. There is still a small positive equity cushion.

What are the financial risks or weaknesses?

Cash is running low, debt is huge compared to the company's size, and losses keep piling up. Liquidity is tight, and the company may need to raise money soon.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-7.62M $-4.99M $-84.68K $-756.69K $-5.02M $-5.07M
Q2-2025 $-8.83M $-1.99M $-362K $5.75M $3.4M $-2.35M
Q1-2025 $-9.05M $-4.32M $-413.37K $1.54M $-3.2M $-4.74M
Q4-2024 $-10.01M $-5.31M $-1.2M $8.96M $2.45M $-5.75M
Q3-2024 $-8.62M $-2.55M $-256.74K $258.27K $-2.51M $-2.81M

What's strong about this company's cash flow?

The company is keeping capital spending low and not increasing debt. No new shares were issued this quarter, so dilution was limited to stock-based compensation.

What are the cash flow concerns?

Cash burn more than doubled, working capital drained cash, and the company is not raising new funds. With only $7.8 million left, they will need more money soon or risk running out of cash.

Q3 2025 Earnings Call Summary

Read Call Summary

5-Year Trend Analysis

A comprehensive look at SKYX Platforms Corp.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

Key positives include explosive revenue growth, improving gross margins, and a differentiated technology platform aimed at making ceiling infrastructure smarter, safer, and easier to install. The company holds a sizable patent portfolio, has early proof of market acceptance, and is pursuing partnerships and large‑scale projects that could significantly expand its installed base. Asset growth and control of many online channels provide additional leverage for future expansion.

! Risks

Major risks revolve around financial sustainability and execution. SKYX continues to post large operating and net losses, burns significant cash, and carries rising leverage with weakening liquidity ratios. Retained earnings are deeply negative, leaving a thin equity cushion. On the business side, success depends on gaining regulatory and industry acceptance, scaling large deployments without cost overruns, and competing against larger, well‑funded incumbents in both hardware and smart‑home ecosystems.

Outlook

The forward picture is one of high potential but also high uncertainty. If revenue growth continues, margins keep improving, and the plug‑and‑play system gains broader adoption or standard status, the company’s economics could shift meaningfully over time. However, until operating cash burn moderates and the balance sheet is strengthened, the outlook remains heavily contingent on continued access to external capital and on successful execution of its ambitious growth and standardization plans.