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SQL Technologies (SKYX)
NASDAQ:SKYX
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.08Last Year’s EPS
-0.08Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 14, 2025
|% Change Since: -7.41%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Positive
The earnings call reflects positive momentum with revenue growth, improved margins, and strategic partnerships, despite ongoing losses and declining cash reserves. The company is taking steps to enhance its market position and operational efficiency.Company Guidance
During the SKYX Platforms Corp. First Quarter 2025 Earnings Call, the company highlighted key performance metrics and strategic advancements. SKYX reported a revenue increase of 6% year-over-year, reaching $20.1 million compared to $18.9 million in the same period of 2024, marking its fifth consecutive quarter of revenue growth. The gross profit rose by 2% to $5.7 million, and gross margins improved by 4.8% sequentially from the previous quarter. General and administrative expenses were reduced by 17%, leading to a decrease in net cash used in operating activities by 29%, amounting to $4 million. Furthermore, the adjusted EBITDA loss decreased to $3.6 million, or $0.04 per share, from $4.5 million, or $0.05 per share, in 2024. The company expects to have its products in 30,000 U.S. and Canadian homes by the end of the second quarter of 2025 and anticipates becoming cash flow positive in the second half of 2025. SKYX also highlighted a strategic U.S. manufacturing partnership with Profab Electronics and has raised approximately $15 million in recent financing, including $4 million from The Shaner Group, to support its strategic growth initiatives.Revenue Growth
The company recorded first-quarter sales in 2025 of $20.1 million, compared to $18.9 million for the first quarter of 2024, marking a 6% increase. This is the fifth consecutive quarter of year-over-year revenue growth.
Market Penetration
SKYX continues to grow its market penetration, with expectations of having products in 30,000 U.S. and Canadian homes by the end of the second quarter of 2025.
Reduced Operating Costs
G&A expenses decreased by 17% compared to the first quarter of 2024, and net cash used in operating activities decreased by 29% sequentially to $4 million.
Improved Profit Margins
Gross margin and gross profit improved by 4.8% and 2% in the first quarter of 2025, sequentially from the fourth quarter of 2024.
Strategic Partnerships and Investments
Secured approximately $4 million in additional equity through preferred stock investments, part of a broader $15 million financing round led by The Shaner Group, with substantial participation from company insiders.
U.S. Manufacturing Partnership
Entered into a strategic manufacturing partnership with Profab Electronics in the U.S. to build a resilient, efficient, and localized supply chain.
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 14, 2025 | $1.35 | $1.40 | +3.70% |
Mar 24, 2025 | $1.35 | $1.37 | +1.48% |
Nov 12, 2024 | $1.26 | $1.21 | -3.97% |
Aug 12, 2024 | $1.00 | $1.02 | +2.00% |
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 SQL Technologies (SKYX) report earnings?
SQL Technologies (SKYX) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is SQL Technologies (SKYX) earnings time?
SQL Technologies (SKYX) earnings time is at Aug 07, 2025, TBA 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?
SKYX EPS forecast for the fiscal quarter 2025 (Q2) is -0.08.