$SKYX Market Cap: $100.9 Million
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Financial Snapshot

Revenue
$86.28M
TTM
Gross Margin
28.64%
TTM
Net Earnings
-$35.98M
TTM
Current Assets
$20.37M
Q4 2024
Current Liabilities
$26.14M
Q4 2024
Current Ratio
77.96%
Q4 2024
Total Assets
$65.89M
Q4 2024
Total Liabilities
$56.83M
Q4 2024
Book Value
$9.053M
Q4 2024
Cash
$12.64M
Q4 2024
P/E
-2.805
Apr 15, 2025 EST
Free Cash Flow
-$19.26M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019 2017 2016
Revenue $86.28M $58.79M $32.02K $43.11K $258.4K $3.810M $7.701M $7.015M
YoY Change 46.76% 183479.29% -25.72% -83.32% -93.22% 9.78%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2017 2016
Revenue $86.28M $58.79M $32.02K $43.11K $258.4K $3.810M $7.701M $7.015M
Cost Of Revenue $61.68M $40.75M $18.91K $149.3K $503.0K $3.549M $6.380M $6.136M
Gross Profit $24.59M $18.04M $13.11K -$106.2K -$244.7K $260.7K $1.321M $878.6K
Gross Profit Margin 28.51% 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

Operating Profits/Loss YoY Change

Operating Earnings to Gross Profit Ratio

Operating Profit Margin

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2017 2016
Selling, General & Admin $56.71M $55.86M $26.39M $4.998M $7.570M $14.25M $5.126M $4.384M
YoY Change 1.51% 111.67% 428.05% -33.98% -46.87% 16.94%
% of Gross Profit 230.57% 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 $68.02K $2.886M $70.77K $84.29K $106.3K $107.0K $2.497M $2.483M
YoY Change -97.64% 3977.97% -16.04% -20.71% -0.63% 0.6%
% of Gross Profit 0.28% 16.0% 539.84% 41.03% 189.02% 282.57%
Operating Expenses $118.4M $55.86M $26.39M $5.082M $8.741M $16.59M $7.624M $6.866M
YoY Change 111.93% 111.67% 419.3% -41.86% -47.31% 11.03%
Operating Profit -$32.11M -$37.83M -$26.63M -$5.188M -$8.986M -$16.33M -$6.302M -$5.988M
YoY Change -15.1% 42.07% 413.2% -42.26% -44.97% 5.26%
Operating Profit To Gross Profit -130.57% -209.72% -203106.13% -6263.43% -477.02% -681.53%
Operating Profit To Revenue -37.22% -64.34% -83146.53% -12034.52% -3477.82% -428.64% -81.84% -85.36%

Interest Expenses

Interest Expenses To Operating Income %

No data

Other Expense/Income

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2017 2016
Interest Expense -$4.056M -$3.109M $589.0K -$552.3K -$513.6K -$472.4K -$18.57M -$54.29M
YoY Change 30.44% -627.89% -206.64% 7.54% 8.72% -65.79%
% of Operating Profit
Other Income/Expense, Net -$3.656M -$1.907M -$410.8K -$542.3K $17.84K $13.28K
YoY Change 91.66% 364.37% -24.26% 34.34%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

No data

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2017 2016
Pretax Income -$35.77M -$39.73M -$27.04M -$5.730M -$9.242M -$16.75M -$26.72M -$98.45M
YoY Change -9.98% 46.96% 371.8% -38.0% -44.83% -72.86%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$35.77M -$39.73M -$27.04M -$5.730M -$9.242M -$16.75M -$26.72M -$98.45M
YoY Change -9.98% 46.96% 371.8% -38.0% -44.83% -72.86%
Net Earnings / Revenue -41.46% -67.59% -84429.27% -13292.53% -3576.94% -439.73% -346.95% -1403.39%
Basic Earnings Per Share -$0.36 -$0.45 -$0.40 -$0.09
Diluted Earnings Per Share -$0.36 -$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

No data

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

No data

Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2017 2016
Cash & Short-Term Investments $12.64M $16.81M $14.09M $10.43M $2.309M $1.874M $4.878M $4.126M
YoY Change -24.81% 19.27% 35.18% 351.57% 23.22% 18.22%
Cash & Equivalents $12.64M $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 $1.534M $3.696M $311.6K $40.90K $0.00 $5.630K $61.71K $41.23K
YoY Change -58.49% 1086.11% 661.91% -100.0% 49.67%
Inventory $3.785M $3.426M $1.924M $918.7K $918.7K $1.244M $2.353M $2.401M
Prepaid Expenses
Receivables $2.415M $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 $0.00
Total Short-Term Assets $20.37M $27.32M $16.33M $11.39M $3.229M $3.543M $8.342M $7.365M
YoY Change -25.42% 67.29% 43.42% 252.61% -8.86% 13.27%
Property, Plant & Equipment $21.10M $21.65M $23.26M $25.71K $67.74K $180.8K $194.9K $113.6K
YoY Change -2.55% -6.92% 90375.65% -62.05% -62.53% 71.53%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.066M $3.074M $2.923M $2.170K $2.170K $18.25K $40.93K $202.4K
YoY Change -0.27% 5.16% 134617.05% 0.0% -88.11% -79.77%
Total Long-Term Assets $45.51M $49.02M $26.85M $567.9K $473.0K $539.6K $2.081M $5.098M
YoY Change -7.16% 82.6% 4627.33% 20.07% -12.35% -59.19%
Total Assets $65.89M $76.34M $43.18M $11.95M $3.702M $4.083M $10.42M $12.46M
YoY Change
Accounts Payable $10.26M $11.51M $1.370M $507.3K $1.008M $849.6K $1.364M $1.060M
YoY Change -10.92% 740.62% 170.02% -49.68% 18.65% 28.7%
Accrued Expenses $5.330M $2.773M $1.711M $522.1K $358.6K $53.21K
YoY Change 92.21% 62.09% 227.67% 45.58% 573.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $731.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $8.254M $6.899M $1.706M $404.7K $344.0K $0.00 $270.2K $3.626M
YoY Change 19.63% 304.42% 321.58% 17.62% -92.55%
Total Short-Term Liabilities $26.14M $24.19M $7.424M $2.634M $2.211M $1.019M $31.61M $28.78M
YoY Change 8.03% 225.85% 181.87% 19.15% 116.96% 9.83%
Long-Term Debt $8.377M $9.814M $4.867M $6.793M $6.537M $5.459M $3.457M $73.60K
YoY Change -14.64% 101.65% -28.35% 3.92% 19.75% 4596.64%
Other Long-Term Liabilities $22.32M $26.11M $22.76M $2.638M $3.838M $4.309M $11.30M
YoY Change -14.52% 14.74% 762.72% -31.27% -10.94%
Total Long-Term Liabilities $30.70M $35.93M $27.63M $9.431M $10.37M $9.768M $3.457M $11.38M
YoY Change -14.55% 30.05% 192.94% -9.1% 6.21% -69.61%
Total Liabilities $56.83M $60.12M $35.05M $12.03M $12.55M $10.75M $35.03M $40.13M
YoY Change -5.47% 71.52% 191.38% -4.15% 16.73% -12.69%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2017 2016
Basic Shares Outstanding 99.77M shares 88.37M shares 79.49M shares 64.94M shares
Diluted Shares Outstanding 99.77M shares 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

Dividends

Stock Price

Market Cap: $100.93 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