SKYX Platforms (SKYX) AI Stock Analysis

• Market Cap: $339.31M
• Dividend Yield: N/A
• Average Volume (3M): 1.24M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.75
• 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: 131,515,100
• 10 Day Avg. Volume: 1,566,155
• 30 Day Avg. Volume: 1,238,837
• 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: 0.93
• Enterprise Value/Revenue: 3.49
• Enterprise Value/Gross Profit: 12.25
• Enterprise Value/Ebitda: -11.60
• 1Y Price Target: $4.33
• Price Target Upside: 47.39% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): -0.19
• Revenue Forecast (FY): $115.42M

• Rating: 54 Neutral
• Price Target: $3.00 ▲(2.04% Upside)

The score is held down primarily by weak financial performance (large ongoing losses, negative operating cash flow, and high leverage/negative equity). Offsetting this are favorable technical momentum and a constructive earnings update showing record revenue growth and improving margins, with recent capital raises improving near-term liquidity.

Positive Factors

Sustained Revenue Momentum

Seven consecutive quarters of revenue growth culminating in a record $24M quarter indicate durable market traction and growing adoption of SKYX’s smart-building solutions. Sustained top-line expansion supports scale, repeatable sales cycles and strengthens bargaining power with developers and channel partners.

Improving Gross Economics

An improving gross margin (32%) and higher gross profit signal better unit economics from product mix, pricing or manufacturing gains. If sustained, these margin improvements create a clearer path to EBITDA breakeven by allowing incremental revenue to flow to operating leverage rather than being absorbed by cost structure.

Strategic Partnerships & Market Expansion

Partnerships with major developers and projects across the Middle East and U.S. demonstrate distribution scale and market access. Long-term contracts and local deployments can create recurring revenues, reduce customer acquisition costs, and validate SKYX’s solutions for further institutional and hospitality segments.

Negative Factors

Negative Profitability and Cash Flow

Deep negative margins and negative operating cash flow are structural concerns that erode capital and limit reinvestment capacity. Over the medium term, continued operating losses require repeated financing, constrain R&D or go-to-market spend, and heighten execution risk before sustained profitability is achieved.

High Leverage & Weak Equity Base

Very high leverage and negative equity reduce financial flexibility and increase vulnerability to interest or covenant stress. This capital structure raises refinancing and dilution risk, making it harder to fund capex or scale operations without recurring external capital or onerous terms from lenders or investors.

Dependence on Large Projects & Regulatory Hurdles

Reliance on a few large projects and international deployments concentrates execution risk; delays or cancellations materially affect revenue. Concurrent safety-standardization challenges for ceiling receptacles create regulatory and adoption headwinds that could slow large-scale commercial rollouts and prolong time to stable cash generation.

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

Financials are weak overall: modest revenue growth (1.94% TTM) but persistently negative profitability (net margin -41.01%) and negative operating cash flow. The balance sheet is a key risk with very high leverage (debt-to-equity 6.98) and negative equity, partly offset by some improvement in free cash flow growth (14.44% TTM).

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: 2.94
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 2.94 is above the 20-day moving average (MA) of 2.44, above the 50-day MA of 2.26, and above the 200-day MA of 1.50, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 52.82 is Neutral, neither overbought nor oversold. The STOCH value of 34.01 is Neutral, 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	87 Outperform	$158.50M	17.15	18.65%	3.85%	4.90%	31.13%
ULBI	64 Neutral	$106.55M	62.88	1.26%	―	12.94%	-81.09%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SKYX	54 Neutral	$339.31M	-7.33	-1421.39%	―	7.06%	12.25%
OPTT	49 Neutral	$123.84M	-3.04	-141.20%	―	-47.10%	41.03%
CBAT	48 Neutral	$72.16M	-11.19	-5.16%	―	-22.02%	-156.65%
DFLI	38 Underperform	$43.72M	-0.11	―	―	18.24%	24.49%

SKYX Platforms Corporate Events

SKYX Platforms Announces $25 Million Direct Equity Offering

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 proceeds, with closing expected on or about January 26, 2026, subject to customary conditions. The capital infusion, to be used for working capital and general corporate purposes, underscores SKYX’s effort to fund its growth in the smart-home and building-safety market while accepting a 90-day restriction on issuing additional equity or similar securities, with Roth Capital Partners acting as exclusive placement agent and collecting a 6.5% fee plus expenses.

The most recent analyst rating on (SKYX) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on SKYX Platforms stock, see the SKYX Stock Forecast page.

SKYX Platforms raises $4 million in private offering

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. The transaction, structured as an exempt private offering under U.S. securities laws and providing the investor with customary registration rights and protections, is expected to bolster the company’s liquidity for working capital and general corporate purposes, reinforcing its financial flexibility without accessing the public markets and signaling continued investor interest in its growth prospects.

The most recent analyst rating on (SKYX) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on SKYX Platforms stock, see the SKYX Stock Forecast page.

SKYX Platforms completes insider note conversion to equity

On December 31, 2025, a member of SKYX Platforms’ Board of Directors converted $835,900, representing the full principal and accrued interest on a subordinated convertible balloon promissory note originally issued in 2020, into shares of the company’s common stock, in a transaction structured as a private, exempt offering under U.S. securities laws. A day earlier, on December 30, 2025, SKYX Platforms and the same noteholder agreed to amend the note by extending its maturity date to May 1, 2027, increasing the annual interest rate to 10%, and setting a new conversion price of $2.20 per share, signaling continued insider support and providing the company with greater balance-sheet flexibility while avoiding a public securities issuance.

The most recent analyst rating on (SKYX) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on SKYX Platforms stock, see the SKYX Stock Forecast page.

SKYX Platforms Expands Preferred Stock for New Financing

On December 30, 2025, SKYX Platforms Corp. raised $500,000 in gross proceeds through the sale of 20,000 shares of its Series A-2 preferred stock to one existing and one new strategic investor at $25 per share, under purchase agreements that include customary investor protections and registration rights; the company said it plans to use the funds for working capital and general corporate purposes, underscoring its reliance on preferred equity financing to support ongoing operations. Earlier, effective December 23, 2025, the company amended its certificate of designation to increase the authorized Series A-2 preferred stock from 40,000 to 160,000 shares, significantly expanding its capacity to issue additional preferred shares and potentially providing greater flexibility for future capital raises that could affect ownership structure and investor dynamics.

The most recent analyst rating on (SKYX) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on SKYX Platforms stock, see the SKYX Stock Forecast page.

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.

The most recent analyst rating on (SKYX) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on SKYX Platforms stock, see the SKYX Stock Forecast page.