SKYX Platforms reports Q4 revenue $22.2M, consensus $21.2M

Reports $58.8M in revenue in 2023, including E-commerce sales, smart home products and advanced plug & play products, as compared to $32,022 in 2022. Generated a record $22.2M in revenue in the fourth quarter of 2023. Reported $22.4M in cash, cash equivalents, restricted cash, available cash, and investments available for sale as of December 31 as compared to $16.8M as of December 31, 2022. Reports net cash loss before interest, taxes, depreciation, and amortization, as adjusted for share-based payments a non-GAAP measure, amounted to $15.2 M in addition to a non-cash basis loss of $24.5M, amounted to a net loss of $39.7M or ( 45c) per share, in 2023, as compared to adjusted EBITDA loss of $11.6M, in addition to a non-cash basis loss of $15.4Mamounted to a net loss of $27M, or 40c) per share, in 2022.