Skyx Platforms Corp. (SKYX)
NASDAQ:SKYX
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SKYX Platforms
(NASDAQ:SKYX)
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Rating:48Neutral
Price Target:
$1.00
▼(-14.53% Downside)
Action:Reiterated
Date:05/21/26
The score is primarily constrained by weak financial performance (ongoing losses and cash burn) and bearish technicals (below key moving averages with negative MACD). These are partially offset by a more positive earnings-call outlook featuring improved liquidity, better margins, and management’s 2026 cash-flow-positive target, though execution and timing risks remain.
Positive Factors
Sustained revenue growth
Nine consecutive quarters of YoY revenue growth and a 10% increase in Q1 2026 indicate durable product adoption and expanding commercial traction. Persistent top-line momentum supports operational leverage, helps absorb fixed costs, and strengthens the company's path to scale and margin improvement over months.
Negative Factors
Negative operating and free cash flow
Sustained negative operating and free cash flow means the business still consumes cash to run and grow. That creates dependency on external capital if losses persist, limits reinvestment flexibility, and increases dilution or refinancing risk unless scale and margin progress materialize as planned.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth
Nine consecutive quarters of YoY revenue growth and a 10% increase in Q1 2026 indicate durable product adoption and expanding commercial traction. Persistent top-line momentum supports operational leverage, helps absorb fixed costs, and strengthens the company's path to scale and margin improvement over months.
Read all positive factors
SKYX Platforms (SKYX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$151.97M
Dividend YieldN/A
Average Volume (3M)1.97M
Price to Earnings (P/E)―
Beta (1Y)1.85
Revenue Growth7.52%
EPS Growth13.21%
CountryUS
Employees76
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.30
Shares Outstanding134,484,090
10 Day Avg. Volume1,800,743
30 Day Avg. Volume1,966,679
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 Cap0.85
Enterprise Value/Revenue1.38
Enterprise Value/Gross Profit4.52
Enterprise Value/Ebitda-4.88
Forecast
1Y Price Target
$4.50Price Target Upside284.62% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.23
Revenue Forecast (FY)$107.97M
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:May 11, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
Overall the call emphasized clear operational momentum and financial improvements—double-digit revenue growth (10% YoY), materially stronger cash position (to $32M), improved gross profit (+16%) and margins (+2pp)—accompanied by meaningful partnerships, retail distribution gains, AI collaborations and a large B2B pipeline. Key negatives are that the company remains unprofitable (net and adjusted EBITDA losses), regulatory standardization and some executional initiatives (website AI rollout, broad retail in-store penetration) are still in progress, and industry headwinds in the new-build market create timing risk. On balance, the positive financial trends, cash runway, and sizable commercial opportunities outweigh the execution and timing risks described on the call.Positive Updates
Sustained Revenue Growth
Revenue increased 10% year-over-year to $22.0M in Q1 2026 from $20.0M in Q1 2025, marking the company's 9th consecutive year-over-year quarter of growth.
Negative Updates
Company Still Unprofitable
Despite improved metrics, the company remains in a net loss position: net loss per share of $0.07 in Q1 2026 and an adjusted EBITDA loss per share of $0.03, indicating continued reliance on achieving further scale and margin expansion to reach sustained profitability.
Read all updates
Q1-2026 Updates
Positive
Negative
Sustained Revenue Growth
Revenue increased 10% year-over-year to $22.0M in Q1 2026 from $20.0M in Q1 2025, marking the company's 9th consecutive year-over-year quarter of growth.
Read all positive updates
Company Guidance
Management guided that SkyX expects to be cash‑flow positive in 2026 and reiterated sufficient liquidity to reach that goal, citing >$32M in cash/cash equivalents as of March 31, 2026 (vs. $10M at year‑end 2025); operational targets include deploying over 1 million units on major hotel/building projects and supplying >100,000 units/homes by year‑end 2026. They noted Q1 2026 results of $22M revenue (+10% YoY, ninth consecutive quarter of YoY growth), $7M gross profit (+16%), a 30% gross margin (vs. 28% prior), net loss per share narrowing to $0.07 (from $0.09), and adjusted EBITDA loss per share improving to $0.03 (from $0.04). Product and operational timing guidance: Generation‑3 all‑in‑one platform production is on track for mid‑to‑3Q 2026 with a market launch expected in H2 2026, AI website upgrades ~30% complete targeting Q3 finish, and continued big‑box retail rollouts (scale to thousands of stores cited as a key inflection); they also highlighted technology that can cut renovation time/costs by up to ~90%.SKYX Platforms Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
28
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 93.99M | 92.01M | 86.28M | 58.79M | 32.02K | 43.11K |
| Gross Profit | 28.75M | 27.84M | 24.59M | 18.04M | 13.11K | -106.18K |
| EBITDA | -26.61M | -25.02M | -27.65M | -36.81M | -25.75M | -5.09M |
| Net Income | -33.64M | -33.42M | -35.77M | -39.73M | -27.07M | -5.73M |
Balance Sheet | ||||||
| Total Assets | 77.95M | 57.72M | 65.89M | 76.34M | 43.18M | 11.95M |
| Cash, Cash Equivalents and Short-Term Investments | 30.26M | 8.05M | 12.64M | 16.81M | 14.09M | 10.43M |
| Total Debt | 37.28M | 37.35M | 39.36M | 37.84M | 30.46M | 7.20M |
| Total Liabilities | 54.12M | 57.30M | 56.83M | 60.12M | 35.05M | 12.06M |
| Stockholders Equity | 23.82M | 411.61K | 9.05M | 16.22M | 8.13M | -75.28K |
Cash Flow | ||||||
| Free Cash Flow | -16.59M | -15.22M | -19.24M | 0.00 | -14.46M | -4.81M |
| Operating Cash Flow | -14.98M | -13.29M | -18.26M | -13.00M | -13.84M | -4.63M |
| Investing Cash Flow | -1.61M | -1.93M | -1.73M | 3.24M | -8.06M | -179.20K |
| Financing Cash Flow | 36.60M | 9.83M | 13.06M | 22.73M | 20.93M | 12.92M |
SKYX Platforms Technical Analysis
Negative
1.17
Price Trends
1.19
Negative
1.69
Negative
1.64
Negative
Market Momentum
-0.03
Negative
47.07
Neutral
55.56
Neutral
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 above the 20-day moving average (MA) of 1.15, below the 50-day MA of 1.19, and below the 200-day MA of 1.64, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 47.07 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, 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 62 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 |
|---|---|---|---|---|---|---|---|
81 Outperform | $173.61M | 14.99 | 20.38% | 3.00% | -8.09% | 42.56% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $120.76M | -14.70 | -6.14% | ― | 8.42% | -254.85% | |
48 Neutral | $151.97M | -4.35 | -432.85% | ― | 7.52% | 13.21% | |
48 Neutral | $70.92M | -4.18 | -0.06% | ― | 50.51% | -4669.05% | |
44 Neutral | $85.92M | -20.46 | -154.48% | ― | -43.84% | 20.57% | |
44 Neutral | $27.04M | -0.04 | 1227.16% | ― | 6.76% | 56.18% |
* Industrials Sector Average
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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.