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SKYX Platforms
(NASDAQ:SKYX)
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Rating:44Neutral
Price Target:
$1.00
▼(-20.63% Downside)
Action:Reiterated
Date:10/02/26
The score is held down primarily by weak financial performance—deep operating losses, negative free cash flow, and leverage constraints—alongside a bearish technical setup with the stock trading below major moving averages and negative MACD. Offsetting this, the earnings call showed improving operational momentum (revenue growth, higher cash balance, reduced cash burn) and corporate events include a potentially strategic Deako merger, but these positives are not yet sufficient to outweigh persistent profitability and cash-flow risks.
Positive Factors
Sustained Revenue Growth
Repeated year-over-year growth across ten consecutive quarters indicates sustained customer adoption and expanding commercial activity rather than a single-period benefit. Continued revenue gains can improve operating leverage and support broader distribution of SKYX’s platform products over the next several quarters.
Negative Factors
Persistent Operating Losses
Deep operating and net losses show that SKYX has not yet demonstrated sustainable profitability despite reaching meaningful revenue scale. Continued losses reduce internally generated funding, constrain investment flexibility, and make the company more dependent on successful growth, financing, or future margin improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Repeated year-over-year growth across ten consecutive quarters indicates sustained customer adoption and expanding commercial activity rather than a single-period benefit. Continued revenue gains can improve operating leverage and support broader distribution of SKYX’s platform products over the next several quarters.
Read all positive factors
SKYX Platforms (SKYX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$148.97M
Dividend YieldN/A
Average Volume (3M)782.85K
Price to Earnings (P/E)―
Beta (1Y)2.32
Revenue Growth8.05%
EPS Growth21.73%
CountryUS
Employees73
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.28
Shares Outstanding135,431,000
10 Day Avg. Volume594,584
30 Day Avg. Volume782,853
Financial Highlights & Ratios
PEG Ratio0.61
Price to Book (P/B)573.36
Price to Sales (P/S)2.56
P/FCF Ratio-15.50
Enterprise Value/Market Cap1.15
Enterprise Value/Revenue1.78
Enterprise Value/Gross Profit5.89
Enterprise Value/Ebitda-6.61
Forecast
1Y Price Target
$5.00Price Target Upside296.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.23
Revenue Forecast (FY)$106.82M
SKYX Platforms Business Overview & Revenue Model
Company Description
SKYX Platforms Corp. is dedicated to developing intelligent and secure platform technologies. Their initial product line simplifies the installation of items like light fixtures, ceiling fans, and other electrical devices, enabling them to easily ...
How the Company Makes Money
SKYX generates revenue primarily from selling its lighting and electrical platform products and related components into the building-products and consumer/home-improvement supply chain. Key revenue streams include (1) product sales of the company’...
SKYX Platforms Earnings Call Summary
Earnings Call Date:Aug 12, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 17, 2026
Earnings Call Sentiment Positive
The call conveyed multiple concrete positives: double‑digit revenue growth (14% sequential, 10% YoY), a materially stronger cash position (cash up from $10.1M to $27.7M), reduced operating cash burn (~39% improvement), debt reduction, several major partnerships/licenses and a sizable unit pipeline. These operational and balance-sheet improvements outweigh the near-term headwinds (slight gross margin compression to 29%, continued negative operating cash flow though reduced, regulatory timing for Gen 3, and market seasonality). Management reiterated targets (100k units by year-end, cash-flow positive by exit‑2026) but some execution and regulatory risks remain.Positive Updates
Revenue Growth and Record Quarterly Sales
Q2 revenues grew 14% sequentially to $25.3M (from $22.1M in Q1 2026) and increased 10% year-over-year versus $23.0M in Q2 2025; the company reported 10 consecutive quarters of year-over-year growth. Six-month revenues rose 10% to a record $47.4M (vs. $43.2M prior-year).
Negative Updates
Gross Margin Compression and Product Mix
Q2 gross margin was ~29%, down from ~30% in Q1; management attributes the compression to product mix shifts toward items (e.g., turbo heater fan) with lower blended margins and expects margin improvement as higher-margin products scale.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth and Record Quarterly Sales
Q2 revenues grew 14% sequentially to $25.3M (from $22.1M in Q1 2026) and increased 10% year-over-year versus $23.0M in Q2 2025; the company reported 10 consecutive quarters of year-over-year growth. Six-month revenues rose 10% to a record $47.4M (vs. $43.2M prior-year).
Read all positive updates
Company Guidance
Management guided to become cash‑flow positive as they exit 2026 and reiterated targets to deploy more than 1 million units across announced projects (with a nearer‑term goal to deliver over 100,000 units by year‑end 2026), while highlighting Q2 revenue of $25.3M (+14% sequentially, +10% YoY vs. $23.0M in Q2’25), six‑month revenue of $47.4M (+10% YoY), Q2 gross profit of $7.3M (+4% YoY) and six‑month gross profit of $13.9M (+10% YoY), a Q2 gross margin of ~29%, $27.7M in cash and equivalents (vs. $10.1M at 12/31/25), a ~39% reduction in net cash used in operations to $3.7M, and a $2M reduction in interest‑bearing debt; product and operational catalysts cited include Gen‑3 samples awaiting regulatory approvals, turbo‑fan rollouts (additional sizes in Q4) and an imminent AI e‑commerce launch.SKYX Platforms Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
32
Negative
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 96.20M | 92.01M | 86.28M | 58.79M | 32.02K | 43.11K |
| Gross Profit | 29.05M | 27.84M | 24.59M | 18.04M | 13.11K | -106.18K |
| EBITDA | -25.91M | -24.79M | -27.65M | -33.29M | -25.56M | -5.09M |
| Net Income | -33.04M | -33.42M | -35.77M | -39.73M | -27.07M | -5.73M |
Balance Sheet | ||||||
| Total Assets | 74.10M | 57.72M | 65.89M | 76.34M | 43.18M | 11.95M |
| Cash, Cash Equivalents and Short-Term Investments | 25.66M | 8.05M | 12.64M | 16.81M | 14.09M | 10.43M |
| Total Debt | 34.05M | 37.35M | 39.36M | 37.84M | 30.46M | 7.20M |
| Total Liabilities | 55.45M | 57.30M | 56.83M | 60.12M | 35.05M | 12.06M |
| Stockholders Equity | 18.66M | 411.61K | 9.05M | 16.22M | 8.13M | -75.28K |
Cash Flow | ||||||
| Free Cash Flow | -17.92M | -15.22M | -19.24M | -12.99M | -14.46M | -4.81M |
| Operating Cash Flow | -16.67M | -13.29M | -18.26M | -13.00M | -13.84M | -4.63M |
| Investing Cash Flow | -1.25M | -1.93M | -1.73M | 3.24M | -8.06M | -179.20K |
| Financing Cash Flow | 29.92M | 9.83M | 13.06M | 22.73M | 20.93M | 12.92M |
SKYX Platforms Technical Analysis
Negative
1.26
Price Trends
1.22
Negative
1.17
Negative
1.47
Negative
Market Momentum
-0.04
Positive
39.01
Neutral
7.35
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SKYX, the sentiment is Negative. The current price of 1.26 is above the 20-day moving average (MA) of 1.21, above the 50-day MA of 1.22, and below the 200-day MA of 1.47, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 39.01 is Neutral, neither overbought nor oversold. The STOCH value of 7.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SKYX.
SKYX Platforms Risk Analysis
SKYX Platforms disclosed 62 risk factors in its most recent earnings report. SKYX Platforms reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
SKYX Platforms Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $182.06M | 14.90 | 20.22% | 2.92% | 4.95% | 28.35% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | $104.31M | -15.63 | -4.95% | ― | 4.69% | -304.68% | |
56 Neutral | $93.08M | -5.67 | -14.94% | ― | 50.51% | -4669.05% | |
44 Neutral | $148.97M | -3.99 | -299.98% | ― | 8.05% | 21.73% | |
43 Neutral | $7.71M | -0.11 | -338.44% | ― | -25.83% | -50.97% | |
42 Neutral | $7.07M | -0.03 | -1565.55% | ― | -4.85% | 53.62% |
* Industrials Sector Average
SKYX
SKYX Platforms
1.10
-0.16
-12.70%
CBAT
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OPTT
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0.85
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ULBI
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DFLI
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SKYX Platforms Corporate Events
Executive/Board ChangesRegulatory Filings and Compliance
SKYX Platforms Granted Nasdaq Cure Period After Director Loss
Negative
Oct 1, 2026
On September 26, 2026, independent director Efrat L. Greenstein Brayer of SKYX Platforms Corp. passed away, leaving vacancies on the audit, compensation, and nominating and corporate governance committees she served and chaired. Her death reduced ...
Business Operations and StrategyM&A Transactions
SKYX Platforms Announces Strategic Merger with Deako Inc.
Positive
Sep 10, 2026
On September 9, 2026, SKYX Platforms signed a merger agreement to acquire Deako Inc. via a stock‑ and debt‑funded transaction that will make Deako a wholly owned subsidiary, with Deako’s shareholders and lenders receiving 18.46% ...
Executive/Board ChangesShareholder Meetings
SKYX Platforms Shareholders Back Board and Governance Plans
Positive
Jul 10, 2026
On July 8, 2026, SKYX Platforms Corp. held its 2026 Annual Meeting of Stockholders in Pompano Beach, Florida, where shareholders elected seven directors, including founder Rani R. Kohen and former Pennsylvania governor Thomas J. Ridge, to serve un...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.