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SKYX

SKYX Platforms Corp.

SKYX

SKYX Platforms Corp. • NASDAQ
$2.13 ▲ 2.64% (+0.06)
Market Cap $242.27 M
52w High $2.20
52w Low $0.88
Dividend Yield 0%
P/E -6.1
Volume 637.82K
Outstanding Shares 113.47M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $23.892M ▲ $14.332M ▼ $-7.616M ▲ -31.877% ▲ $-0.07 ▲ $-6.292M ▼
Q2-2025 $23.062M ▲ $14.518M ▲ $-8.827M ▲ -38.275% ▲ $-0.085 ▲ $-6.249M ▲
Q1-2025 $20.114M ▼ $13.424M ▼ $-9.052M ▲ -45.004% ▼ $-0.089 ▲ $-6.705M ▲
Q4-2024 $23.684M ▲ $14.981M ▲ $-10.008M ▼ -42.255% ▼ $-0.1 ▼ $-8.081M ▼
Q3-2024 $22.169M $14.447M $-8.621M -38.889% $-0.083 $-6.879M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $7.83M ▼ $58.414M ▼ $57.253M ▼ $1.161M ▼
Q2-2025 $12.847M ▲ $64.439M ▲ $58.749M ▼ $5.69M ▲
Q1-2025 $9.442M ▼ $63.169M ▼ $58.891M ▲ $4.278M ▼
Q4-2024 $12.639M ▲ $65.887M ▲ $56.834M ▼ $9.053M ▲
Q3-2024 $10.172M $64.97M $61.136M $3.835M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-7.616M ▲ $-4.986M ▼ $-84.68K ▲ $-756.693K ▼ $-5.017M ▼ $-5.071M ▼
Q2-2025 $-8.827M ▲ $-1.985M ▲ $-362K ▲ $5.751M ▲ $3.404M ▲ $-2.347M ▲
Q1-2025 $-9.052M ▲ $-4.325M ▲ $-413.365K ▲ $1.541M ▼ $-3.197M ▼ $-4.738M ▲
Q4-2024 $-10.008M ▼ $-5.309M ▼ $-1.195M ▼ $8.956M ▲ $2.452M ▲ $-5.754M ▼
Q3-2024 $-8.621M $-2.554M $-256.737K $258.268K $-2.513M $-2.811M

Five-Year Company Overview

Income Statement

Income Statement SKYX’s income statement looks like that of an early‑stage, product‑development company. Revenue has only recently started to appear and is still very small, while operating expenses remain much higher than gross profit. The result is recurring operating and net losses every year. Losses are not exploding, but they also are not yet showing a clear trend toward breakeven. Financially, the story today is still “investment phase and scale‑up,” not “mature, profitable business.”

Balance Sheet

Balance Sheet The balance sheet is lean and somewhat fragile. Total assets are modest, with only a small cash cushion, and debt stands out relative to the company’s tiny equity base. Equity has moved from negative to slightly positive, but the buffer against setbacks is thin. This structure is typical for a young, growth‑oriented firm but means the company has limited room to absorb continued losses without additional funding or restructuring of its obligations.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative, and free cash flow mirrors that pattern because capital spending is minimal. In simple terms, the business is burning cash rather than generating it and is relying on external financing to fund its activities. Management has expressed a goal of becoming cash‑flow positive in the near future, but the historical record so far shows a company still dependent on outside capital until revenue meaningfully scales and costs are better covered.

Competitive Edge

Competitive Edge SKYX’s competitive position is built more on strategic assets than on current market share. Its plug‑and‑play ceiling platform and safety‑oriented approach, combined with a large patent portfolio, give it a differentiated offering in a crowded smart‑home space. Recognition within the National Electrical Code and partnerships with big retail and industrial names add credibility and potential distribution reach. However, adoption is still early, and SKYX competes indirectly with established electrical equipment makers and major smart‑home ecosystems. The moat is promising on paper but will only be proven if the technology becomes widely specified by builders and codified as a standard.

Innovation and R&D

Innovation and R&D Innovation is clearly SKYX’s core strength. The company is trying to redefine ceiling fixtures with an easy‑install, plug‑and‑play system that improves safety and turns the ceiling into a smart‑home hub for lighting, sensors, connectivity, and audio. It backs this with a sizeable patent portfolio and a “razor and blade” concept, where a standardized ceiling outlet could drive ongoing sales of compatible fixtures and devices. The product roadmap, including more smart fixtures and fan‑heater combinations, shows active R&D. The trade‑off is that this innovation push contributes to ongoing losses while the company works to turn technology leadership into reliable commercial traction.

Summary

Overall, SKYX looks like a high‑concept, early‑stage platform story with modest current financial scale. The financial statements show a business that is still loss‑making, cash‑consuming, and operating with a slim balance‑sheet cushion. At the same time, the qualitative side—patented technology, safety focus, regulatory recognition efforts, and notable partnerships—points to meaningful upside if widespread adoption takes hold. The key uncertainties are the pace and breadth of real‑world deployment, the success of efforts to embed its system into building standards, and the company’s ability to improve cash flow before its financial flexibility becomes too constrained.

NEWS

November 19, 2025 · 9:40 AM UTC

SKYX To Supply its Technologies to a 340-Unit Townhome and Apartment Project in San Antonio, Texas Built by Prominent Developers Landmark Companies

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November 19, 2025 · 9:24 AM UTC

SKYX To Supply its Technologies to a 340-Unit Townhome and Apartment Project in San Antonio, Texas Built by Prominent Developers Landmark Companies

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November 12, 2025 · 4:05 PM UTC

SKYX Reports Record Revenues of $24 Million in Third Quarter 2025 Compared to $23 Million for Second Quarter 2025 as it Continues to Grow its Market Penetration

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November 12, 2025 · 4:05 PM UTC

SKYX Reports Record Revenues of $24 Million in Third Quarter 2025 Compared to $23 Million for Second Quarter 2025 as it Continues to Grow its Market Penetration

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November 10, 2025 · 4:10 PM UTC

SKYX Announces Corporate Update Call Including New Developments

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