SKYX Platforms Corp. (SKYX) Market Cap
SKYX Platforms Corp. has a market capitalization of $112M.
Financials based on reported quarter end 2025-12-31
Price: $1.03
▼ -0.07 (-6.36%)
Market Cap: 112.02M
NASDAQ · time unavailable
CEO: Leonard Jay Sokolow Econ.
Sector: Industrials
Industry: Electrical Equipment & Parts
IPO Date: 2022-02-10
Website: https://www.skyplug.com
SKYX Platforms Corp. (SKYX) - Company Information
Market Cap: 112.02M · Sector: Industrials
SKYX 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. It offers power-plugs; universal power-plug and receptacle products; and smart products. The company was formerly known as SQL Technologies Corp. and changed its name to SKYX Platforms Corp. in June 2022. SKYX Platforms Corp. was incorporated in 2004 and is headquartered in Pompano Beach, Florida.
Analyst Sentiment
Based on 3 ratings
Consensus Price Target
No data available
Price & Moving Averages
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Fundamentals Overview
📊 AI Financial Analysis
Powered by StockMarketInfo"SKYX reported revenue of ~$25.0M for the most recent quarter (ended 2025-12-31) with net income of -$7.9M and EPS of -$0.076, translating to a net margin of roughly -31.8%. Free cash flow was also negative at -$3.1M, following operating cash flow of -$2.0M and capex of -$1.1M, indicating cash burn continued alongside operating losses. On the balance sheet, total assets were ~$42.3M versus total liabilities of ~$32.7M, but shareholders’ equity remains negative at -$4.6M, supported by net debt of ~$29.3M. This combination suggests limited balance-sheet cushion and elevated leverage risk. From a shareholder-return perspective, the stock’s performance has been weak: the shares are down -7.6% over 1 year, -0.9% over 6 months, and -54.2% YTD (no dividends reported, and no buyback data provided). With FCF negative and profitability materially below breakeven, valuation metrics like P/E and FCF yield can’t be interpreted from the provided inputs; the key observable takeaway is that fundamentals and cash generation have not yet turned supportive for total return. "
Revenue Growth
Only a single-period revenue figure (~$25.0M) is provided, so trend and growth momentum can’t be confirmed. Revenue alone doesn’t indicate whether operating improvements are occurring.
Profitability
Significant losses persist: net income of -$7.9M and EPS of -$0.076, implying a net margin near -31.8%. This indicates weak efficiency and lack of sustainable profitability in the period.
Cash Flow Quality
Cash generation is negative: operating cash flow -$2.0M and free cash flow -$3.1M. Dividends paid were -$0.3M, but no shareholder-return offset from cash flow is visible given the ongoing burn.
Leverage & Balance Sheet
Financial resilience appears constrained: equity is negative (-$4.6M) with net debt of ~$29.3M. This raises dependence on external funding or continued balance-sheet support.
Shareholder Returns
Total shareholder return signals are weak: price is down -54.2% YTD and -7.6% over 1 year. No dividends are reported and no buyback information is provided; negative fundamentals and FCF likely weigh on investor outcomes.
Analyst Sentiment & Valuation
No valuation or analyst price target data is available. With negative EPS and negative free cash flow, conventional earnings/FCF-based valuation metrics are not meaningful from the supplied dataset.
Disclaimer:This analysis is AI-generated for informational purposes only. Accuracy is not guaranteed and this does not constitute financial advice.
SKYX reported strong top-line momentum despite a still-soft lighting/new homebuild backdrop: FY2025 revenue grew to $92M (vs $86M in 2024) with gross margin expanding to 30% (+200 bps from 28%). Cash burn improved materially (operating cash used $13M vs $18M). The operating narrative centers on a faster path to cash flow through category creation and scaling plug-and-play installs. The Turbo Heater Fan is positioned as the catalyst for an all-season ceiling fan category, while an AI-driven e-commerce layer (conversion targeted up to 30%; 15% of sites already converted) aims to lift both conversion and sometimes gross margin. Business development adds NVIDIA AI Ecosystems Connect and multiple smart-city/community deployments (including a cited $4B Miami project and Saudi JV), alongside big-box retail penetration via Home Depot/Target/Lowe’s/Walmart with store availability still dependent on in-store SKU/color commitments. Overall, the growth thesis is credible and supported by margin gains, but financial break-even timing remains less quantified than investors requested.
Growth Catalysts
- Turbo Heater Fan performance driving expansion of a new 'all-season ceiling fan heat in winter and cool in summer' category (larger sizes and additional designs planned)
- Advanced SKYFAN and Turbo Heater launched on e-commerce platform with 60 websites to accelerate conversion and product mix
- AI-driven e-commerce software (launch in 2026) expected to increase conversion rate 'up to 30%' (company stated 15% of sites already converted during rollout)
- Expansion of plug-and-play/razor-blade model enabling recurring revenue opportunities (interchangeability, upgrades, AI services, monitoring, subscriptions)
- Smart plug deployments targeting scale: 'over 100,000' products into homes/units by end of 2026 and 'deploy over 1 million units' across announced smart city/projects
Business Development
- Collaboration with NVIDIA AI Ecosystems Connect program for 'Future Smart Home Projects'
- Smart home projects across multiple geographies including: New York, North Carolina Smart Home Community, Austin Texas, San Antonio Texas, South Florida (Miami) and 'Saudi Arabia' (described as a joint venture with a U.S. group)
- Marriott renovation demo: hotel renovation capability demonstrated during Marriott renovation
- Investment of $16.5 million led by Shaner Group (owns ~80 hotels with 60+ Marriotts) associated with hotel renovation initiative
- Big box retail launch/expansion via 60-web e-commerce channel: Home Depot, Target, Lowe's, Walmart (company mentioned working on in-store color availability beyond online branding pages; store rollout expected but not quantified)
- Joint ventures announced last year globally to support higher gross margins (no names provided in transcript)
Financial Highlights
- Q4 revenue: $25M (record quarter); reported 8 consecutive quarters year-over-year growth
- FY2025 revenue: $92M vs $86M in FY2024 (company also mentioned 'revenues increased $92 million from $87 million'—internal inconsistency in transcript figures)
- FY2025 gross profit: $28M vs $25M in FY2024
- Gross margin increased to 30% (from 28%)—stated as +2 percentage points
- Operating cash used FY2025: $13M vs $18M in FY2024 (implied -$5M; company states 27% reduction)
- Raised $29M in Q1 2026 via investments from 'fundamental institutions' (capital funding highlight)
Capital Funding
- Raised $29M in Q1 2026 through investments from fundamental institutions
- Operating cash burn reduced: operating cash used $13M in 2025 vs $18M in 2024 (directional runway improvement)
- No buyback/debt levels disclosed in transcript
Strategy & Ops
- Continues development of enhanced safety code standardization team targeting mandatory standardization of life-saving ceiling outlet receptacle technology
- Reported progress: '10 votes already got' in the National Electrical Code; ANSI and NEMA historical vote specifying receptacle specifications as the standard; 'one step away from the mandatory' (timeline not fully quantified)
- E-commerce channel expansion: launching products on online with 60 websites; planned store expansion contingent on color/SKU assortments and discussions with big-box retailers
- Heat + fan category expansion rationale tied to creating scalable category(s) that precede the all-in-one smart home platform/hub
Market Outlook
- By end of 2026: deploy 100,000+ products into homes/units through Retail and Pro segments
- During smart home/building projects: deploy over 1 million units of advanced/smart home plug-and-play technologies (company referenced expected timing as 'towards the end of the year' for some projects and 'second half of this year' / 'very soon' for others—no single consolidated date)
- All-in-one smart home platform/hub expected to launch beginning Q3 2026
- Company expects further improvements in gross margin in 2026 and beyond
- AI-driven software launch in 2026 for 60 websites; conversion rate 'up to 30%'
Risks & Headwinds
- Management acknowledged the lighting/home décor and new homebuilding markets have been in 'significant slowdown' for past years
- Smart plug revenue mix still small: over 90% legacy business; plug-and-play growth described as increasing but not yet quantified as a percent of total revenue (investor asked about smart plug revenue; company referenced 'hockey stick' growth)
- Cash flow timing uncertainty: CFO not provided exact Q1/Q2 break-even math; management declined to state a specific quarterly revenue target for cash flow breakeven (investor estimate of ~$35M quarterly was not confirmed)
- Interest-rate sensitivity question for hotel market: management responded with qualitative labor-cost/time-saving benefit, no quantitative elasticity disclosed
Sentiment: MIXED
Note: This summary was synthesized by AI from the SKYX Q4 2025 earnings transcript. Financial data is complex; please verify all metrics against official SEC filings before making investment decisions.