SQL Technologies (SKYX) AI Stock Analysis

• Market Cap: $110.12M
• Dividend Yield: N/A
• Average Volume (3M): 782.40K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.21
• Revenue Growth: 12.42%
• EPS Growth: 23.63%
• Country: US
• Employees: 76
• Sector: Industrials
• Sector Strength: 89
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.09
• Shares Outstanding: 106,913,910
• 10 Day Avg. Volume: 1,326,428
• 30 Day Avg. Volume: 782,403
• PEG Ratio: -0.03
• Price to Book (P/B): 24.65
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -13.85
• Enterprise Value/Market Cap: 2.03
• Enterprise Value/Revenue: 0.65
• Enterprise Value/Gross Profit: 9.06
• Enterprise Value/Ebitda: -1.95
• 1Y Price Target: $3.00
• Price Target Upside: 191.26% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 44 Neutral
• Price Target: $1.00 ▼(-2.91%Downside)

The overall score is heavily influenced by the company's poor financial performance, including high leverage and negative cash flows. Technical analysis also shows a bearish trend, further impacting the score negatively. Despite this, recent earnings call insights reveal strategic improvements and revenue growth, which slightly offsets the otherwise negative outlook.

Positive Factors

Innovation and Product Development

SKYX is transforming into a high-growth smart home and plug & play platform provider, supported by 97+ patents and next-gen products.

Partnerships and Collaborations

Collaborations with Wayfair and Home Depot are expected to drive material sales growth in both the retail and professional channels.

Negative Factors

Financial Performance

The company has sufficient capital for the foreseeable future, supported by an $11M preferred stock financing and ending 3Q24 with cash and equivalents of $13.0M.

SQL Technologies Business Overview & Revenue Model

Company Description

SQL Technologies (SKYX) is a company operating within the technology sector, focusing on developing innovative solutions for data management and analytics. The company specializes in providing software and tools that enhance the efficiency and effectiveness of database management, catering to businesses seeking to optimize their data operations and decision-making processes.

How the Company Makes Money

SQL Technologies (SKYX) generates revenue through the sale of its software products and services related to data management and analytics. The company offers licensing fees for its proprietary software solutions, which are used by businesses to improve their database management capabilities. Additionally, SKYX provides subscription-based services that include software updates, technical support, and cloud-based data solutions. Partnerships with other technology firms and enterprise clients also contribute to its revenue, as these collaborations expand the company's market reach and customer base.

SQL Technologies Financial Statement Overview

Summary

SQL Technologies shows revenue growth but struggles with profitability and financial stability. The company is heavily leveraged with negative equity and weak cash management, posing significant financial risks.

Income Statement

SQL Technologies has shown a significant increase in revenue over the years, with a notable growth from 2022 to 2023. However, the company is struggling with profitability, as indicated by negative EBIT, EBITDA, and net income margins in the TTM. The gross profit margin is positive but not sufficient to offset high operational costs.

Balance Sheet

The company's balance sheet reveals a concerning level of debt relative to equity, as indicated by the negative stockholders' equity and a high debt-to-equity ratio. The company is highly leveraged, presenting significant financial risk. Equity ratio is also negative, indicating liabilities exceed assets.

Cash Flow

SQL Technologies has consistently negative operating and free cash flows, indicating cash outflows from operations. While financing activities have provided some cash inflow, the free cash flow to net income ratio remains unfavorable. There is a slight improvement in free cash flow growth recently, but overall cash management is weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	87.41M	86.28M	58.79M	32.02K	43.11K	258.38K
Gross Profit	24.73M	24.59M	18.04M	13.11K	-106.18K	-244.66K
EBITDA	-27.57M	-27.65M	-36.81M	-25.75M	-5.09M	-8.62M
Net Income	-35.14M	-35.77M	-39.73M	-26.86M	-6.29M	-9.76M
Balance Sheet
Total Assets	63.17M	65.89M	76.34M	43.18M	11.95M	3.70M
Cash, Cash Equivalents and Short-Term Investments	9.44M	12.64M	16.81M	14.09M	10.43M	2.31M
Total Debt	38.95M	39.36M	37.84M	30.46M	7.20M	6.88M
Total Liabilities	30.31M	56.83M	60.12M	35.05M	12.09M	12.59M
Stockholders Equity	-722.39K	9.05M	16.22M	8.13M	-102.28K	-8.85M
Cash Flow
Free Cash Flow	-17.74M	-19.24M	-12.99M	-14.46M	-4.81M	-3.24M
Operating Cash Flow	-16.40M	-18.26M	-13.00M	-13.84M	-4.63M	-3.13M
Investing Cash Flow	-2.09M	-1.73M	3.24M	-8.06M	-179.20K	-109.88K
Financing Cash Flow	11.01M	13.06M	22.73M	20.93M	12.92M	3.67M

SQL Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 1.03 is below the 20-day moving average (MA) of 1.15, below the 50-day MA of 1.25, and below the 200-day MA of 1.25, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 36.42 is Neutral, neither overbought nor oversold. The STOCH value of 21.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SKYX.

SQL Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ULBI	76 Outperform	$145.54M	27.96	3.99%	―	2.74%	-50.31%
Sector *	62 Neutral	C$6.62B	7.59	3.42%	2.82%	6.67%	-16.67%
CBAT	58 Neutral	$101.63M	282.50	0.31%	―	-30.85%	-95.67%
OPTT	52 Neutral	$89.53M	―	-80.51%	―	23.98%	52.50%
SKYX	44 Neutral	$110.12M	―	-395.45%	―	12.42%	23.63%
NVX	40 Underperform	$165.47M	―	-47.77%	―	-27.50%	-58.61%

SQL Technologies Corporate Events

SQL Technologies Enters Securities Purchase Agreements

Between May 6, 2025, and May 12, 2025, SQL Technologies entered into Securities Purchase Agreements with investors, resulting in an anticipated offering closure of $1,875,000 before transaction expenses. The investors are purchasing 75,000 shares of Series A-1 Preferred Stock at $25.00 per share, with proceeds intended for working capital and general corporate purposes. The agreements include customary representations, warranties, and registration rights, and the issuance was exempt from registration under the Securities Act of 1933.

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.

SQL Technologies Increases Series A-1 Preferred Shares

On May 2, 2025, SKYX Platforms Corp. amended its Certificate of Designation for Series A-1 Preferred Stock by increasing the designated shares from 400,000 to 480,000. This amendment, approved by the board and majority shareholders, reflects a strategic move to enhance the company’s capital structure.