SKYX Platforms (SKYX) AI Stock Analysis

• Market Cap: $267.31M
• Dividend Yield: N/A
• Average Volume (3M): 936.72K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.77
• Revenue Growth: 7.06%
• EPS Growth: 12.25%
• Country: US
• Employees: 76
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.07
• Shares Outstanding: 113,749,374
• 10 Day Avg. Volume: 958,538
• 30 Day Avg. Volume: 936,719
• PEG Ratio: 0.16
• Price to Book (P/B): 12.78
• Price to Sales (P/S): 1.34
• P/FCF Ratio: -6.01
• Enterprise Value/Market Cap: 0.64
• Enterprise Value/Revenue: 1.88
• Enterprise Value/Gross Profit: 6.59
• Enterprise Value/Ebitda: -6.24
• 1Y Price Target: $4.31
• Price Target Upside: 85.78% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: $2.50 ▲(7.76% Upside)

SKYX Platforms' overall stock score is primarily impacted by its weak financial performance, characterized by high leverage and ongoing losses. Positive technical indicators and a strong earnings call provide some optimism, but the challenging valuation and financial instability weigh heavily on the score.

Positive Factors

Revenue Growth

Consistent revenue growth over multiple quarters indicates strong market demand and effective business strategies, enhancing long-term financial stability.

Strategic Partnerships

Strategic partnerships expand market reach and provide growth opportunities in new regions, strengthening competitive positioning and revenue potential.

Product Innovation

Innovative product launches can drive future sales growth and enhance market differentiation, supporting long-term business success.

Negative Factors

High Leverage

Excessive leverage can limit financial flexibility and increase risk, potentially impacting the company's ability to invest in growth opportunities.

Negative Profitability

Sustained negative profitability undermines financial health and may hinder the company's ability to sustain operations and invest in future growth.

Cash Flow Challenges

Negative operating cash flow suggests difficulties in covering operational costs, potentially affecting the company's long-term viability and investment capacity.

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 box; and second-generation technology provides a platform that is designed to enhance safety and lifestyle of homes and other buildings. It offers power-plugs; universal power-plug and receptacle products; and smart products. The company was formerly known as SQL Technologies Corp. and changed its name to SKYX Platforms Corp. in June 2022. SKYX Platforms Corp. was incorporated in 2004 and is headquartered in Pompano Beach, Florida.

How the Company Makes Money

SKYX generates revenue primarily through the sale of its smart building products and solutions to construction companies, developers, and contractors. The company's revenue model includes direct product sales, licensing agreements for its proprietary technologies, and ongoing service contracts for data analytics and support. Additionally, SKYX has formed strategic partnerships with key players in the construction and real estate sectors, which not only enhance its market presence but also provide opportunities for joint ventures and collaborative projects that contribute to its financial growth. The focus on innovation and sustainable building practices positions SKYX to capitalize on the growing demand for advanced construction solutions, further driving its revenue streams.

SKYX Platforms Financial Statement Overview

Summary

SKYX Platforms faces significant financial challenges with negative profitability margins and a heavily leveraged balance sheet. Despite some revenue growth and improvement in free cash flow, the company's financial stability is concerning.

Income Statement

SKYX Platforms shows a modest revenue growth rate of 1.94% TTM, but profitability remains a significant issue with negative margins across the board. The net profit margin is deeply negative at -41.01%, indicating ongoing losses. Despite a slight improvement in gross profit margin, the company struggles with high operating losses, as reflected in the negative EBIT and EBITDA margins.

Balance Sheet

The balance sheet reveals a concerning financial structure with a high debt-to-equity ratio of 6.98 TTM, indicating significant leverage. The negative stockholders' equity suggests financial instability, and the return on equity is negative, reflecting ongoing losses. The equity ratio is not favorable, showing limited equity backing for assets.

Cash Flow

Cash flow analysis shows some positive signs with a free cash flow growth rate of 14.44% TTM. However, the operating cash flow remains negative, and the operating cash flow to net income ratio is unfavorable, indicating cash flow challenges. The free cash flow to net income ratio is slightly positive, suggesting some ability to cover net losses with free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	90.75M	86.28M	58.79M	32.02K	43.11K	258.38K
Gross Profit	25.87M	24.59M	18.04M	13.11K	-106.18K	-244.66K
EBITDA	-27.33M	-27.65M	-36.81M	-25.75M	-5.09M	-8.62M
Net Income	-35.50M	-35.77M	-39.73M	-27.07M	-5.73M	-9.24M
Balance Sheet
Total Assets	58.41M	65.89M	76.34M	43.18M	11.95M	3.70M
Cash, Cash Equivalents and Short-Term Investments	7.83M	12.64M	16.81M	14.09M	10.43M	2.31M
Total Debt	38.75M	39.36M	37.84M	30.46M	7.20M	6.88M
Total Liabilities	57.25M	56.83M	60.12M	35.05M	12.06M	12.59M
Stockholders Equity	1.16M	9.05M	16.22M	8.13M	-75.28K	-8.85M
Cash Flow
Free Cash Flow	-17.91M	-19.24M	0.00	-14.46M	-4.81M	-3.24M
Operating Cash Flow	-16.61M	-18.26M	-13.00M	-13.84M	-4.63M	-3.13M
Investing Cash Flow	-2.06M	-1.73M	3.24M	-8.06M	-179.20K	-109.88K
Financing Cash Flow	15.49M	13.06M	22.73M	20.93M	12.92M	3.67M

SKYX Platforms Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.32
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SKYX, the sentiment is Positive. The current price of 2.32 is above the 20-day moving average (MA) of 2.24, above the 50-day MA of 1.87, and above the 200-day MA of 1.35, indicating a bullish trend. The MACD of 0.12 indicates Positive momentum. The RSI at 60.47 is Neutral, neither overbought nor oversold. The STOCH value of 84.45 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SKYX.

SKYX Platforms Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ESP	82 Outperform	$135.60M	14.67	18.65%	3.85%	4.90%	31.13%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SKYX	56 Neutral	$267.31M	-6.83	-1421.39%	―	7.06%	12.25%
ULBI	55 Neutral	$98.40M	57.43	1.26%	―	12.94%	-81.09%
CBAT	46 Neutral	$78.55M	-12.24	-5.16%	―	-22.02%	-156.65%
OPTT	45 Neutral	$65.80M	-1.82	-141.20%	―	-47.10%	41.03%
DFLI	38 Underperform	$49.40M	―	―	―	18.24%	24.49%

SKYX Platforms Corporate Events

SKYX Platforms Finalizes Securities Purchase Agreement

On December 5, 2025, SKYX Platforms Corp. finalized a Securities Purchase Agreement with an existing strategic investor, resulting in $1.0 million in gross proceeds. The investor acquired 40,000 shares of newly-authorized Series A-2 Preferred Stock at $25.00 per share. The funds will be used for working capital and general corporate purposes. The Series A-2 Preferred Stock offers cumulative cash dividends at an annual rate of 8%, with conversion rights into common stock at a price of $2.00 per share. The stock ranks senior to common stock and has specific voting rights and restrictions on further issuance or modification without approval from the majority of Series A-2 holders.

SQL Technologies Secures $2M and Restructures Debt

On October 17, 2025, SQL Technologies restructured and extended the maturity date of four convertible promissory notes, totaling $7.6 million, by five years and secured an additional $2 million in capital from a lead investor. This move results in $9.6 million in subordinated secured convertible promissory notes, with the principal amount convertible into common stock at a price of $1.20 per share and bearing a 10% annual interest rate. The additional funds will be used for general working capital, and the restructuring provides the company with greater financial flexibility.