Skyx Platforms Corp. - Understand $skyx stock

$SKYX Market Cap: $111.7 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$84.77M

TTM

Gross Margin

30.21%

TTM

Net Earnings

-$38.08M

TTM

Current Assets

$18.99M

Q3 2024

Current Liabilities

$30.76M

Q3 2024

Current Ratio

61.72%

Q3 2024

Total Assets

$64.97M

Q3 2024

Total Liabilities

$61.14M

Q3 2024

Book Value

$3.835M

Q3 2024

Cash

$10.17M

Q3 2024

P/E

-2.934

Nov 29, 2024 EST

Free Cash Flow

-$13.51M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2017	2016
Revenue	$58.79M	$32.02K	$43.11K	$258.4K	$3.810M	$7.701M	$7.015M
YoY Change	183479.29%	-25.72%	-83.32%	-93.22%		9.78%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2017	2016
Revenue	$58.79M	$32.02K	$43.11K	$258.4K	$3.810M	$7.701M	$7.015M
Cost Of Revenue	$40.75M	$18.91K	$149.3K	$503.0K	$3.549M	$6.380M	$6.136M
Gross Profit	$18.04M	$13.11K	-$106.2K	-$244.7K	$260.7K	$1.321M	$878.6K
Gross Profit Margin	30.68%	40.94%	-246.3%	-94.69%	6.84%	17.16%	12.52%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2017	2016
Selling, General & Admin	$55.86M	$26.39M	$4.998M	$7.570M	$14.25M	$5.126M	$4.384M
YoY Change	111.67%	428.05%	-33.98%	-46.87%		16.94%
% of Gross Profit	309.72%	201312.66%			5465.35%	388.0%	498.96%
Research & Development				$1.065M	$2.234M
YoY Change				-52.33%
% of Gross Profit					856.95%
Depreciation & Amortization	$2.886M	$70.77K	$84.29K	$106.3K	$107.0K	$2.497M	$2.483M
YoY Change	3977.97%	-16.04%	-20.71%	-0.63%		0.6%
% of Gross Profit	16.0%	539.84%			41.03%	189.02%	282.57%
Operating Expenses	$55.86M	$26.39M	$5.082M	$8.741M	$16.59M	$7.624M	$6.866M
YoY Change	111.67%	419.3%	-41.86%	-47.31%		11.03%
Operating Profit	-$37.83M	-$26.63M	-$5.188M	-$8.986M	-$16.33M	-$6.302M	-$5.988M
YoY Change	42.07%	413.2%	-42.26%	-44.97%		5.26%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2017	2016
Interest Expense	-$3.109M	$589.0K	-$552.3K	-$513.6K	-$472.4K	-$18.57M	-$54.29M
YoY Change	-627.89%	-206.64%	7.54%	8.72%		-65.79%
% of Operating Profit
Other Income/Expense, Net	-$1.907M	-$410.8K	-$542.3K			$17.84K	$13.28K
YoY Change	364.37%	-24.26%				34.34%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2017	2016
Pretax Income	-$39.73M	-$27.04M	-$5.730M	-$9.242M	-$16.75M	-$26.72M	-$98.45M
YoY Change	46.96%	371.8%	-38.0%	-44.83%		-72.86%
Income Tax	$0.00
% Of Pretax Income
Net Earnings	-$39.73M	-$27.04M	-$5.730M	-$9.242M	-$16.75M	-$26.72M	-$98.45M
YoY Change	46.96%	371.8%	-38.0%	-44.83%		-72.86%
Net Earnings / Revenue	-67.59%	-84429.27%	-13292.53%	-3576.94%	-439.73%	-346.95%	-1403.39%
Basic Earnings Per Share	-$0.45	-$0.40	-$0.09
Diluted Earnings Per Share	-$0.45	-$0.40	-$74.90K	-$120.8K	-$219.0K	-$545.9K	-$2.596M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2017	2016
Cash & Short-Term Investments	$16.81M	$14.09M	$10.43M	$2.309M	$1.874M	$4.878M	$4.126M
YoY Change	19.27%	35.18%	351.57%	23.22%		18.22%
Cash & Equivalents	$16.81M	$6.721M	$10.43M	$2.309M	$1.874M	$4.878M	$4.126M
Short-Term Investments	$0.00	$7.374M
Other Short-Term Assets	$3.696M	$311.6K	$40.90K	$0.00	$5.630K	$61.71K	$41.23K
YoY Change	1086.11%	661.91%		-100.0%		49.67%
Inventory	$3.426M	$1.924M	$918.7K	$918.7K	$1.244M	$2.353M	$2.401M
Prepaid Expenses
Receivables	$3.385M		$120.00	$1.540K	$419.5K	$1.050M	$796.8K
Other Receivables	$0.00		$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$27.32M	$16.33M	$11.39M	$3.229M	$3.543M	$8.342M	$7.365M
YoY Change	67.29%	43.42%	252.61%	-8.86%		13.27%
Property, Plant & Equipment	$21.65M	$23.26M	$25.71K	$67.74K	$180.8K	$194.9K	$113.6K
YoY Change	-6.92%	90375.65%	-62.05%	-62.53%		71.53%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$3.074M	$2.923M	$2.170K	$2.170K	$18.25K	$40.93K	$202.4K
YoY Change	5.16%	134617.05%	0.0%	-88.11%		-79.77%
Total Long-Term Assets	$49.02M	$26.85M	$567.9K	$473.0K	$539.6K	$2.081M	$5.098M
YoY Change	82.6%	4627.33%	20.07%	-12.35%		-59.19%
Total Assets	$76.34M	$43.18M	$11.95M	$3.702M	$4.083M	$10.42M	$12.46M
YoY Change
Accounts Payable	$11.51M	$1.370M	$507.3K	$1.008M	$849.6K	$1.364M	$1.060M
YoY Change	740.62%	170.02%	-49.68%	18.65%		28.7%
Accrued Expenses	$2.773M	$1.711M	$522.1K	$358.6K	$53.21K
YoY Change	62.09%	227.67%	45.58%	573.97%
Deferred Revenue
YoY Change
Short-Term Debt	$731.0K	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$6.899M	$1.706M	$404.7K	$344.0K	$0.00	$270.2K	$3.626M
YoY Change	304.42%	321.58%	17.62%			-92.55%
Total Short-Term Liabilities	$24.19M	$7.424M	$2.634M	$2.211M	$1.019M	$31.61M	$28.78M
YoY Change	225.85%	181.87%	19.15%	116.96%		9.83%
Long-Term Debt	$9.814M	$4.867M	$6.793M	$6.537M	$5.459M	$3.457M	$73.60K
YoY Change	101.65%	-28.35%	3.92%	19.75%		4596.64%
Other Long-Term Liabilities	$26.11M	$22.76M	$2.638M	$3.838M	$4.309M		$11.30M
YoY Change	14.74%	762.72%	-31.27%	-10.94%
Total Long-Term Liabilities	$35.93M	$27.63M	$9.431M	$10.37M	$9.768M	$3.457M	$11.38M
YoY Change	30.05%	192.94%	-9.1%	6.21%		-69.61%
Total Liabilities	$60.12M	$35.05M	$12.03M	$12.55M	$10.75M	$35.03M	$40.13M
YoY Change	71.52%	191.38%	-4.15%	16.73%		-12.69%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021
Basic Shares Outstanding	88.37M shares	79.49M shares	64.94M shares
Diluted Shares Outstanding	88.37M shares	79.49M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $111.73 Million

About SKYX Platforms Corp.

SKYX Platforms Corp. engages in the development of connected devices used in the installation of lighting fixtures and ceiling fans. The company is headquartered in Pompano Beach, Florida and currently employs 60 full-time employees. The company went IPO on 2015-07-21. The firm has a series of disruptive advanced-safe-smart platform technologies. Additionally, it owns over 60 lighting and home decor Websites for both the retail and commercial segments. Its first- and second-generation technologies enable light fixtures, ceiling fans and other electrically wired products to be installed safely and plugged in to a ceiling’s electrical outlet box, and without the need to touch hazardous wires. Its products are designed to improve all around home and building safety and lifestyle. Its products include the Weight Bearing Power-Plug, Sky Universal Power-Plug & Receptacle, SkyHome App, Sky Smart Gen-2 - Universal Power-Plug & Receptacle, Sky - Smart Gen2 for Plug and Play Ceiling Fans, Sky - Smart Gen-2 for Plug and Play Lighting and Sky - All-In-One Smart Sky Platform. The Weight Bearing Power-Plug acts as an installation device, designed for plug and play installation of weight-bearing electronics.

Industry: Electric Lighting & Wiring Equipment Peers: ADVENT TECHNOLOGIES HOLDINGS, INC. ALLIENT INC Heliogen, Inc. FTC Solar, Inc. LSI INDUSTRIES INC POWELL INDUSTRIES INC PREFORMED LINE PRODUCTS CO Thermon Group Holdings, Inc.