Skyx Platforms Corp. (SKYX)
NASDAQ:SKYX
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Earnings Data
Report Date
Aug 06, 2026Before Open (Not Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.08Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call emphasized clear operational momentum and financial improvements—double-digit revenue growth (10% YoY), materially stronger cash position (to $32M), improved gross profit (+16%) and margins (+2pp)—accompanied by meaningful partnerships, retail distribution gains, AI collaborations and a large B2B pipeline. Key negatives are that the company remains unprofitable (net and adjusted EBITDA losses), regulatory standardization and some executional initiatives (website AI rollout, broad retail in-store penetration) are still in progress, and industry headwinds in the new-build market create timing risk. On balance, the positive financial trends, cash runway, and sizable commercial opportunities outweigh the execution and timing risks described on the call.Company Guidance
Sustained Revenue Growth
Revenue increased 10% year-over-year to $22.0M in Q1 2026 from $20.0M in Q1 2025, marking the company's 9th consecutive year-over-year quarter of growth.
Material Cash Position Improvement
Total cash, cash equivalents and restricted cash rose to $32M as of March 31, 2026 compared to $10M at year-end December 31, 2025 (approximately a 220% increase), with management stating sufficient cash to target becoming cash-flow positive in 2026.
Improved Profitability Metrics
Gross profit grew 16% to $7.0M (from $6.0M) and gross margin expanded to 30% in Q1 2026 from 28% in Q1 2025 (a +2 percentage-point improvement). Net loss per share improved by $0.02 to $0.07 (down from $0.09; ~22% improvement), and adjusted EBITDA loss per share improved to $0.03 from $0.04 (25% improvement).
Large B2B Channel Wins and Pipeline
Strategic partnership with European developer OT/OTT Group (250+ hotels/buildings) plus an agreement with Heritage Hospitality Group to market to a 132,000-hotel market; company expects to supply products to major projects including New York, Austin, San Antonio, South Florida (Miami smart city), Europe, Saudi Arabia and Egypt.
Ambitious Unit Deployment Targets
Management expects to deploy over 1 million units across projects and to reach over 100,000 units/homes through Pro and retail segments by the end of 2026 (company target for broad product penetration).
Retail Traction for Turbo Heater Fan
Turbo Heater Fan showing continuing growth and distribution expansion into big-box retailers including Home Depot, Target, Walmart and Lowe's, with management noting promising in-store expansion potential (hundreds to thousands of stores could materially scale revenues).
AI and Strategic Technology Collaborations
Began collaboration with NVIDIA's AI Ecosystems Connect program; rolling out AI-driven e-commerce upgrades (about 30% of 60 websites migrated) expected to boost customer conversion and revenue; Generation 3 all-in-one smart platform (target mid-/Q3 production) expected to enable recurring revenue opportunities (subscriptions, monitoring, AI services).
Progress on Safety Standardization and Licensing
Active engagement with regulatory bodies (NFPA/NEC) and industry veterans leading standardization efforts; existing 5-year licensing arrangement with GE/Dolby positioning the company for potential licensing revenue if standards advance.
Manufacturing and Supply-Chain Scale Plans
Partnerships with ProFab and multiple manufacturing options (China, Taiwan, Cambodia, Philippines, Vietnam, U.S.) to support scaling; management asserts capacity for multi-million unit production across suppliers.
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 |
|---|---|---|---|
May 11, 2026 | $1.21 | $1.14 | -5.81% |
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% |
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 Corp. (SKYX) report earnings?
Skyx Platforms Corp. (SKYX) is schdueled to report earning on Aug 06, 2026, Before Open (Not Confirmed).
What is Skyx Platforms Corp. (SKYX) earnings time?
Skyx Platforms Corp. (SKYX) earnings time is at Aug 06, 2026, Before Open (Not Confirmed).
Where can I see when companies are reporting earnings?
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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?
SKYX EPS forecast for the fiscal quarter 2026 (Q2) is -0.05.