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SQL Technologies (SKYX)
NASDAQ:SKYX
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SQL Technologies (SKYX) AI Stock Analysis

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SKYX

SQL Technologies

(NASDAQ:SKYX)

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Neutral 50 (OpenAI - 4o)
Rating:50Neutral
Price Target:
$1.00
▼(-9.91% Downside)
The overall stock score reflects significant financial challenges, including high leverage and ongoing losses, which are partially offset by positive earnings call developments such as revenue growth and strategic collaborations. Technical indicators suggest some stability, but valuation remains a concern due to negative earnings.
Positive Factors
Revenue Growth
The 15% revenue growth indicates strong demand for SQL Technologies' products, suggesting a robust market position and potential for future expansion.
Patent Portfolio Expansion
The expansion of the patent portfolio strengthens SQL Technologies' competitive advantage by protecting its innovations and enhancing its market differentiation.
Strategic Collaboration
The collaboration on a major smart city project positions SQL Technologies as a key player in urban development, potentially opening new revenue streams and enhancing its industry reputation.
Negative Factors
High Leverage
High leverage can limit financial flexibility and increase risk, potentially impacting SQL Technologies' ability to invest in growth opportunities.
Negative Cash Flow
Negative operating cash flow suggests liquidity challenges, which could hinder SQL Technologies' ability to sustain operations and fund future growth.
Profitability Challenges
Ongoing profitability challenges highlight the need for SQL Technologies to improve cost management and operational efficiency to achieve sustainable financial health.

SQL Technologies (SKYX) vs. SPDR S&P 500 ETF (SPY)

SQL Technologies Business Overview & Revenue Model

Company DescriptionSKYX 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 MoneySQL Technologies generates revenue through multiple streams, primarily by offering subscription-based services for its cloud-based data management platforms and analytics tools. The company also earns income through professional services, such as consulting and implementation support, which help clients integrate and optimize their systems. Additionally, SQL Technologies has established strategic partnerships with major technology firms, enabling cross-selling opportunities and expanding its market reach. Licensing its proprietary software to other businesses further supplements its revenue, while ongoing maintenance and support contracts create a stable income base. Overall, the company's diversified approach to revenue generation ensures resilience and growth in a competitive landscape.

SQL Technologies Earnings Call Summary

Earnings Call Date:Aug 12, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Nov 18, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant revenue and profit growth, successful patent acquisitions, and a major collaboration on a smart city project. However, challenges remain in achieving cash flow positivity and the dependency on code standardization. Overall, the positive aspects seem to outweigh the challenges.
Q2-2025 Updates
Positive Updates
Revenue and Profit Growth
Revenue increased by 15% from Q1 to Q2 of 2025, reaching $23.1 million. Gross profit rose by 23%, and the company's cash position improved by $3.4 million.
Patent Achievements
Eight new U.S. and global patents were granted, increasing the total to over 100 patents and pending applications, with 45 issued patents.
Major Miami Smart City Collaboration
Announced collaboration on a $3 billion mixed-use urban smart home city project in Miami, marking a significant milestone for the company.
Progress with Home Depot Collaboration
Continued to expand product offerings in Home Depot, anticipating presence in over 40,000 homes by the end of Q3 2023.
Improved Cash Flow Management
Net cash used in operations decreased by 54%, and the company reported $15.7 million in cash and equivalents as of June 30, 2025.
Negative Updates
Challenges in Achieving Cash Flow Positive
General and administrative expenses increased, and the company is still working towards achieving cash flow breakeven by the end of the year.
Dependency on Code Standardization
The success of mandatory code standardization remains uncertain, although progress is being made with government safety organizations.
Company Guidance
During the second quarter of 2025, SKYX Platforms Corp. reported a 15% increase in revenue compared to the previous quarter, reaching $23.1 million. The company experienced a significant increase in gross profit by 23%, resulting in a gross margin of 30.3%. Cash reserves also grew to $15.7 million, up from $12.3 million in the prior quarter, while net cash used in operating activities decreased by 54% to $2 million. The adjusted EBITDA loss improved to $2.6 million, or $0.02 per share. Key business developments included the issuance of 8 new patents, raising their total to 45 issued patents and over 100 pending applications. SKYX is working with Home Depot to expand its product range and anticipates deploying its products in over 40,000 homes by the end of Q3 2023. The company made a significant collaboration with a $3 billion smart home project in Miami and is focusing on advancing its Safety Code Standardization process.

SQL Technologies Financial Statement Overview

Summary
SQL Technologies faces significant financial challenges with persistent losses and high leverage. Despite some revenue growth, the company struggles with profitability and cash flow generation. High debt levels and a negative equity position pose substantial risks to financial stability.
Income Statement
25
Negative
SQL Technologies shows a challenging financial position with consistent negative net profit margins and EBIT margins, indicating ongoing losses. Despite a positive revenue growth rate, the company struggles with profitability, as seen in the negative EBITDA margin. The gross profit margin is relatively stable but insufficient to offset the high operating losses.
Balance Sheet
20
Very Negative
The balance sheet reveals significant financial leverage with a very high debt-to-equity ratio, indicating potential financial risk. The negative return on equity suggests the company is not generating sufficient returns on shareholders' investments. The equity ratio is low, reflecting a heavy reliance on debt financing.
Cash Flow
30
Negative
Cash flow analysis indicates negative operating cash flow, which is concerning for the company's liquidity. However, the free cash flow to net income ratio is above 1, suggesting that the company is managing to generate some cash relative to its net losses. The free cash flow growth rate is negative, indicating declining cash generation capabilities.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue89.03M86.28M58.79M32.02K43.11K258.38K
Gross Profit25.15M24.59M18.04M13.11K-106.18K-244.66K
EBITDA-28.92M-27.65M-36.81M-25.75M-5.09M-8.62M
Net Income-36.51M-35.77M-39.73M-27.07M-5.73M-9.24M
Balance Sheet
Total Assets64.44M65.89M76.34M43.18M11.95M3.70M
Cash, Cash Equivalents and Short-Term Investments12.85M12.64M16.81M14.09M10.43M2.31M
Total Debt39.70M39.36M37.84M30.46M7.20M6.88M
Total Liabilities58.75M56.83M60.12M35.05M12.09M12.59M
Stockholders Equity5.69M9.05M16.22M8.13M-102.28K-8.85M
Cash Flow
Free Cash Flow-15.65M-19.24M-12.99M-14.46M-4.81M-3.24M
Operating Cash Flow-14.17M-18.26M-13.00M-13.84M-4.63M-3.13M
Investing Cash Flow-2.23M-1.73M3.24M-8.06M-179.20K-109.88K
Financing Cash Flow16.51M13.06M22.73M20.93M12.92M3.67M

SQL Technologies Technical Analysis

Technical Analysis Sentiment
Negative
Last Price1.11
Price Trends
50DMA
1.16
Negative
100DMA
1.19
Negative
200DMA
1.26
Negative
Market Momentum
MACD
<0.01
Positive
RSI
38.44
Neutral
STOCH
4.06
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 1.11 is below the 20-day moving average (MA) of 1.21, below the 50-day MA of 1.16, and below the 200-day MA of 1.26, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 38.44 is Neutral, neither overbought nor oversold. The STOCH value of 4.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SKYX.

SQL Technologies Risk Analysis

SQL Technologies disclosed 60 risk factors in its most recent earnings report. SQL Technologies 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

SQL Technologies Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$113.34M35.582.31%5.86%-68.66%
50
Neutral
$123.71M-481.19%5.71%7.97%
48
Neutral
$80.12M-8.88-7.74%-35.70%-151.26%
41
Neutral
$95.17M-3.21-101.06%3.37%59.52%
41
Neutral
$186.41M-2.47-54.38%-14.27%-28.56%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SKYX
SQL Technologies
1.11
0.26
30.59%
CBAT
CBAK Energy Technology
0.90
-0.35
-28.00%
OPTT
Ocean Power Technologies
0.51
0.35
218.75%
ULBI
Ultralife
6.83
-2.21
-24.45%
NEOV
NeoVolta
4.55
1.46
47.25%
NVX
NOVONIX Ltd Sponsored ADR
1.42
-0.42
-22.83%

SQL Technologies Corporate Events

Business Operations and StrategyPrivate Placements and Financing
SQL Technologies Restructures Debt and Secures New Capital
Positive
Sep 5, 2025

On September 2, 2025, SQL Technologies restructured and extended the maturity date of two outstanding convertible promissory notes, totaling $2.75 million, by five years to September 2, 2030. The company also secured an additional $3.25 million in capital from a leading existing investor, resulting in a new subordinated secured convertible promissory note of $6 million. This move aims to bolster the company’s working capital and offers conversion options into common stock, with interest accruing at 10% per annum. The restructuring and new capital infusion are strategic steps to strengthen SQL Technologies’ financial position and provide flexibility for future growth.

The most recent analyst rating on (SKYX) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on SQL Technologies stock, see the SKYX Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
SKYX Platforms Reports Record Q2 2025 Financial Results
Positive
Jul 31, 2025

On July 31, 2025, SKYX Platforms Corp. announced record pre-audited financial results for the second quarter of 2025, reporting revenues of $23.1 million, an increase from $20.1 million in the first quarter. This marks six consecutive quarters of revenue growth from Q1 2024 through Q2 2025. The company expects its products to be in 40,000 units by the end of Q2 2025 in the U.S. and Canada, leveraging its e-commerce platform and strategic investor support. SKYX aims to drive cash flow positivity in 2025 through upcoming product launches and recurring revenue opportunities.

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

Executive/Board ChangesShareholder Meetings
SQL Technologies Holds Annual Stockholders Meeting
Neutral
Jul 11, 2025

On July 9, 2025, SKYX Platforms Corp. held its Annual Meeting of Stockholders in Pompano Beach, Florida. During the meeting, several key decisions were made: the election of directors, the ratification of M&K CPAS, PLLC as the independent registered public accounting firm for the fiscal year ending December 31, 2025, and the approval of executive compensation on an advisory, non-binding basis.

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

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.Date of analysis: Sep 25, 2025