SKYX Platforms (SKYX)
NASDAQ:SKYX
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SKYX Platforms
(NASDAQ:SKYX)
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Rating:46Neutral
Price Target:
$1.00
▼(-14.53% Downside)
Action:ReiteratedDate:04/01/26
The score is held down primarily by weak financial performance (large losses, ongoing cash burn, and negative equity) and bearish technicals (below major moving averages with very weak momentum). The earnings call and recent financings provide some support via improving margins, reduced cash burn, and added liquidity, but execution risk and lack of profitability keep the overall score below average.
Positive Factors
Revenue & Margin Improvement
Sustained top‑line growth with improving gross margin indicates the business is scaling product adoption and modestly improving unit economics. Over 2–6 months this supports path to operating leverage as fixed costs spread, improving prospects for eventual EBITDA convergence if growth continues.
Negative Factors
Weak Balance Sheet
Negative equity and meaningful debt levels limit financial flexibility and raise refinancing and dilution risk. Over the coming months, capital structure stress can increase cost of capital, constrain investment in distribution or inventory, and force non‑strategic financing decisions.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Improvement
Sustained top‑line growth with improving gross margin indicates the business is scaling product adoption and modestly improving unit economics. Over 2–6 months this supports path to operating leverage as fixed costs spread, improving prospects for eventual EBITDA convergence if growth continues.
Read all positive factors
SKYX Platforms (SKYX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$151.94M
Dividend YieldN/A
Average Volume (3M)966.69K
Price to Earnings (P/E)―
Beta (1Y)1.86
Revenue Growth7.06%
EPS Growth12.25%
CountryUS
Employees76
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.08
Shares Outstanding133,281,110
10 Day Avg. Volume1,036,872
30 Day Avg. Volume966,691
Financial Highlights & Ratios
PEG Ratio0.64
Price to Book (P/B)573.36
Price to Sales (P/S)2.56
P/FCF Ratio-15.50
Enterprise Value/Market Cap1.01
Enterprise Value/Revenue1.67
Enterprise Value/Gross Profit5.51
Enterprise Value/Ebitda-6.09
Forecast
1Y Price Target
$4.50Price Target Upside284.62% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.17
Revenue Forecast (FY)$113.79M
SKYX Platforms Business Overview & Revenue Model
Company Description
SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company's first-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed into a ceiling's electrical outlet b...
How the Company Makes Money
SKYX primarily makes money by selling its ceiling electrical platform products and related components into building and renovation channels. Revenue is generated from product sales (hardware) to customers such as distributors, retailers, and/or bu...
SKYX Platforms Earnings Call Summary
Earnings Call Date:Mar 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 20, 2026
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.Positive Updates
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.
Negative Updates
Enduring Weakness in Core Markets
Lighting, home decor and new homebuilding markets have been in decline for several years, keeping legacy product demand challenged; legacy business still constitutes over 90% of revenue, limiting near‑term margin transformation.
Read all updates
Q4-2025 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
Management guided that after a record Q4 ($25M) and annual 2025 revenue of $92M (up from about $86M in 2024), with gross profit rising to $28M (+$3M, +13%) and gross margin improving to 30% (from 28%), they expect continued growth in 2026 and to advance toward cash‑flow positive. They highlighted operating cash used of $13M in 2025 versus $18M in 2024 (a $5M, 27% reduction), a $29M raise in Q1 2026 and a $16.5M investment led by the Shaner Group, plans to deploy over 1 million units across announced projects and to place over 100,000 products into homes by year‑end 2026 via retail/pro channels, rollout of SKYFAN/Turbo Heater SKUs (24" now, 30"–60" planned) across 60 e‑commerce sites and major retailers (Home Depot, Target, Lowe’s, Walmart), an AI e‑commerce upgrade already on ~15% of sites targeting up to a 30% conversion lift, a mid‑to‑Q3 2026 launch for an all‑in‑one smart‑home hub, and progress toward safety code standardization (10 NEC votes received).SKYX Platforms Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
22
Negative
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 92.01M | 86.28M | 58.79M | 32.02K | 43.11K |
| Gross Profit | 27.84M | 24.59M | 18.04M | 13.11K | -106.18K |
| EBITDA | -25.02M | -27.65M | -36.81M | -25.75M | -5.09M |
| Net Income | -33.42M | -35.77M | -39.73M | -27.07M | -5.73M |
Balance Sheet | |||||
| Total Assets | 57.72M | 65.89M | 76.34M | 43.18M | 11.95M |
| Cash, Cash Equivalents and Short-Term Investments | 8.05M | 12.64M | 16.81M | 14.09M | 10.43M |
| Total Debt | 37.35M | 39.36M | 37.84M | 30.46M | 7.20M |
| Total Liabilities | 57.30M | 56.83M | 60.12M | 35.05M | 12.06M |
| Stockholders Equity | 411.61K | 9.05M | 16.22M | 8.13M | -75.28K |
Cash Flow | |||||
| Free Cash Flow | -15.22M | -19.24M | 0.00 | -14.46M | -4.81M |
| Operating Cash Flow | -13.29M | -18.26M | -13.00M | -13.84M | -4.63M |
| Investing Cash Flow | -1.93M | -1.73M | 3.24M | -8.06M | -179.20K |
| Financing Cash Flow | 9.83M | 13.06M | 22.73M | 20.93M | 12.92M |
SKYX Platforms Technical Analysis
Negative
1.17
Price Trends
1.88
Negative
2.04
Negative
1.63
Negative
Market Momentum
-0.23
Positive
28.09
Positive
14.16
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 1.17 is below the 20-day moving average (MA) of 1.48, below the 50-day MA of 1.88, and below the 200-day MA of 1.63, indicating a bearish trend. The MACD of -0.23 indicates Positive momentum. The RSI at 28.09 is Positive, neither overbought nor oversold. The STOCH value of 14.16 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 60 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | $176.05M | 11.56 | 19.09% | 3.00% | 4.90% | 31.13% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | $114.10M | -16.14 | -4.35% | ― | 12.94% | -81.09% | |
48 Neutral | $72.71M | -7.95 | -0.03% | ― | -22.02% | -156.65% | |
46 Neutral | $151.94M | -7.06 | -1158.25% | ― | 7.06% | 12.25% | |
44 Neutral | $85.85M | -21.49 | -154.48% | ― | -47.10% | 41.03% | |
42 Neutral | $23.45M | -209.02 | 664.41% | ― | 18.24% | 24.49% |
* Industrials Sector Average
SKYX
SKYX Platforms
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SKYX Platforms Corporate Events
Business Operations and StrategyPrivate Placements and Financing
SKYX Platforms Announces $25 Million Direct Equity Offering
Positive
Jan 26, 2026
On January 23, 2026, SKYX Platforms Corp. entered into a securities purchase agreement with a single institutional investor for a registered direct offering of 10 million common shares at $2.50 per share, raising approximately $25 million in gross...
Private Placements and Financing
SKYX Platforms raises $4 million in private offering
Positive
Jan 13, 2026
On January 13, 2026, SKYX Platforms Corp. announced it had entered into and closed a Securities Purchase Agreement with a new strategic investor, raising $4 million through the private sale of 2 million shares of common stock at $2.00 per share. T...
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.