SKYX
SKYX
SKYX Platforms Corp.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 Summary5-Year Trend Analysis
A comprehensive look at SKYX Platforms Corp.'s financial evolution and strategic trajectory over the past five years.
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.
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.
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.
About SKYX Platforms Corp.
https://www.skyplug.comSKYX Platforms Corp. provides a series of safe-smart platform technologies. The company's first-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed into a ceiling's electrical outlet box; and second-generation technology provides a platform that is designed to enhance safety and lifestyle of homes and other buildings.
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 Summary5-Year Trend Analysis
A comprehensive look at SKYX Platforms Corp.'s financial evolution and strategic trajectory over the past five years.
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.
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.
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.

CEO
Leonard Jay Sokolow CPA, Econ.,
Compensation Summary
(Year 2024)
Upcoming Earnings
ETFs Holding This Stock
Summary
Showing Top 3 of 42
Ratings Snapshot
Rating : D+
Most Recent Analyst Grades
Grade Summary
Showing Top 1 of 1
Price Target
Institutional Ownership
BLACKROCK, INC.
Shares:4.27M
Value:$8.26M
VANGUARD GROUP INC
Shares:3.99M
Value:$7.72M
GEODE CAPITAL MANAGEMENT, LLC
Shares:1.74M
Value:$3.37M
Summary
Showing Top 3 of 87

