SKYX Platforms (SKYX)
NASDAQ:SKYX
Earnings Data
Report Date
May 20, 2026Before Open (Not Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.09Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized tangible progress: record quarterly and annual revenue, improved gross profit and margin expansion, a meaningful reduction in operating cash burn, new product category launches (Turbo Heater/SKYFAN), strategic partnerships (NVIDIA), and fresh institutional funding. Management provided ambitious deployment targets (100K+ retail units by end of 2026; ~1M units across major projects) and AI/e‑commerce initiatives that could materially boost conversion and margins. However, material risks remain: legacy business still dominates (>90% of revenue), the company is not yet cash flow positive (used $13M in operating cash in 2025), large project timelines and in‑store retail execution remain uncertain, and several promises rely on forward‑looking assumptions (AI uplift, mandatory safety standards). On balance, the highlights—improving financials, funding, product traction and partnerships—outweigh the lowlights, which are largely execution and timing risks rather than immediate operational failures.Company Guidance
Record Quarterly and Annual Revenue Growth
Reported record Q4 revenue of $25.0M and record annual revenue of $92.0M in 2025 versus $86.0M in 2024 (≈+7%), marking 8 consecutive quarters of year‑over‑year growth and three years of consecutive annual revenue gains.
Improved Profitability Metrics
Gross profit increased to $28.0M in 2025 from $25.0M in 2024 (+$3.0M, +13%). Gross margin expanded by 2 percentage points to 30% from 28%.
Reduced Operating Cash Burn and Funding Raised
Operating cash used improved to $13.0M in 2025 from $18.0M in 2024, a reduction of $5.0M or 27%. Management also announced $29.0M raised in Q1 2026 from institutional investors, improving runway.
New Product Launches and Category Expansion
Launched advanced SKYFAN and Turbo Heater (all‑season ceiling fan/heater) across e‑commerce (60 websites) and leading retailers (Home Depot, Target, Lowes, Walmart). Management reports encouraging early customer feedback and plans for larger sizes and additional designs.
Large Project and Unit Deployment Targets
Company expects to supply advanced smart home technologies to multiple large projects (U.S. smart communities, Saudi Arabia, Egypt, Miami smart city etc.) and aims to deploy over 1.0M units over the course of those projects and >100K products into homes/units by end of 2026 via Retail and Pro channels.
Strategic Partnerships and Standards Progress
Announced collaboration with NVIDIA AI Ecosystems Connect to support future smart home projects. Safety/code efforts show traction (multiple votes in National Electrical Code and ANSI/NEMA recognition), and management reports being one step away from mandatory standardization.
E‑commerce and AI Upside
Plans to launch AI‑driven software across e‑commerce in 2026 expected to increase conversion rates up to 30%; management reports ~15% of sites already converted and seeing conversion and gross margin uplifts.
SKYX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SKYX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 26, 2026 | $1.56 | $1.20 | -23.40% |
Nov 12, 2025 | $1.62 | $1.53 | -5.56% |
Aug 12, 2025 | $1.18 | $1.28 | +8.47% |
May 14, 2025 | $1.35 | $1.40 | +3.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does SKYX Platforms (SKYX) report earnings?
SKYX Platforms (SKYX) is schdueled to report earning on May 20, 2026, Before Open (Not Confirmed).
What is SKYX Platforms (SKYX) earnings time?
SKYX Platforms (SKYX) earnings time is at May 20, 2026, Before Open (Not Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SKYX EPS forecast?
Currently, no data Available