SKYX
SKYX Platforms Corp.2.1000
-0.0500-2.33%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details code progress, projects
Q&A drilled into safety code standardization progress, noting 10 NEC votes secured, ANSI/NEMA endorsement, and a new senior hire targeting government channels for mandatory adoption. Management sidestepped exact cash flow breakeven but pegged quarterly revenue needs below analyst-estimated $35 million, citing higher-margin products and big-box potential. Legacy lighting exceeds 90% of revenue, though smart plugs grow hockey-stick style. Twelve projects eye 1 million units total, with Austin and New York supply imminent. Turbo Heater Fan posts solid Q1 sales despite late start. Legacy still dominates. Optimistic tone persists; watch code votes and retail shelf space.
Key Stats
Market Cap
238.87MP/E (TTM)
-Basic EPS (TTM)
-0.35Dividend Yield
0%Recent Filings
10-K
FY2025 results
SKYX Platforms posted FY2025 revenue of $92.0M, up 6.6% y/y from $86.3M, driven by higher unit sales of lighting and heating products via e-commerce post-Belami acquisition, while narrowing net losses to $33.4M from $35.8M. Gross margins held steady as costs rose proportionally, but operating loss improved 9.3% to $29.1M amid stable selling/marketing spend. Q4 momentum showed revenue acceleration (derived), yet persistent losses highlight scaling challenges. Cash dipped to $10.1M amid $13.3M operating burn, offset by $9.8M financing; negative working capital persists via vendor terms. No annual guidance disclosed. History of operating losses threatens quarterly momentum.
8-K
Record $92M revenue, cash burn cut
SKYX Platforms reported record 2025 revenue of $92 million, up from $86 million in 2024, with Q4 hitting $25 million and gross profit rising 13% to $28 million. Cash burn dropped 27% to $13 million, bolstered by $29 million raised in Q1 2026 equity. Retail launches and NVIDIA collaboration fuel growth. Path to cash-flow positive targeted for 2026.
8-K
SKYX prices $25M offering
SKYX Platforms priced a $25 million registered direct offering on January 23, 2026, issuing 10 million shares at $2.50 each to one institutional investor, closing January 26 pending conditions. Net proceeds target working capital and general corporate uses. No further equity issuances for 90 days post-close. Dilution hits shareholders hard.
8-K
SKYX raises $4M privately
8-K
SKYX raises $500K preferred
SKYX Platforms closed Securities Purchase Agreements on December 30, 2025, raising $500,000 from strategic investors via 20,000 shares of Series A-2 Preferred Stock at $25 per share—no price protection. Effective December 23, it amended designations to boost authorized shares from 40,000 to 160,000. Funds fuel working capital. Conversion capped at 19.99% of outstanding common.
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