NASDAQ : SKYX
SKYX Platforms Corp. — Financial statements
Industrials · Electrical Equipment & Parts · United States
Last price 0.776 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 124.49M
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Financial statements
SKYX Platforms Corp. (SKYX) reported revenue of 96.20M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 96.20M | 92.01M | 86.28M | 58.79M | 32.02K | 43.11K |
| Cost of Revenue | 67.15M | 64.17M | 61.68M | 40.75M | 18.91K | 88.46K |
| Gross Profit | 29.05M | 27.84M | 24.59M | 18.04M | 13.11K | -45.35K |
| Selling, General & Admin | 58.16M | 56.95M | 56.71M | 55.86M | 26.64M | 5.14M |
| Operating Expenses | 58.16M | 56.95M | 56.71M | 55.86M | 26.64M | 5.14M |
| Operating Income | -29.11M | -29.11M | -32.11M | -37.83M | -26.63M | -5.19M |
| Interest Expense | -3.92M | -4.30M | -4.06M | -3.56M | -777.14K | -560.38K |
| Interest & Investment Income | 451.70K | 188.13K | ||||
| Other Non Operating Income (Expenses) | 18.05K | |||||
| EBT Excluding Unusual Items | -33.04M | -33.42M | -36.17M | -40.93M | -27.21M | -5.73M |
| Other Unusual Items | 400.00K | 1.20M | 178.25K | |||
| Pretax Income | -33.04M | -33.42M | -35.77M | -39.73M | -27.04M | -5.73M |
| Earnings From Continuing Operations | -33.04M | -33.42M | -35.77M | -39.73M | -27.04M | -5.73M |
| Minority Interest in Earnings | -35.44K | |||||
| Net Income | -33.04M | -33.42M | -35.77M | -39.73M | -27.07M | -5.73M |
| Preferred Dividends & Other Adjustments | 1.08M | 1.06M | 212.67K | 4.73M | 129.46K | |
| Net Income to Common | -34.11M | -34.47M | -35.98M | -39.73M | -31.80M | -5.86M |
| Shares Outstanding (Basic) | 121.88M | 108.76M | 99.77M | 88.37M | 79.49M | 64.94M |
| Shares Outstanding (Diluted) | 121.88M | 108.76M | 99.77M | 88.37M | 79.49M | 64.94M |
| EPS (Basic) | -0.28 | -0.32 | -0.36 | -0.45 | -0.40 | -0.09 |
| EPS (Diluted) | -0.28 | -0.32 | -0.36 | -0.45 | -0.40 | -0.09 |
| Free Cash Flow | -17.92M | -15.22M | -19.24M | -13.00M | -14.15M | -4.63M |
| Free Cash Flow Per Share | -0.15 | -0.14 | -0.19 | -0.15 | -0.18 | -0.07 |
| Gross Margin | 30.19% | 30.25% | 28.51% | 30.68% | 40.94% | -105.20% |
| Operating Margin | -30.26% | -31.64% | -37.22% | -64.34% | -83,146.53% | -12,034.80% |
| Profit Margin | -35.46% | -37.47% | -41.70% | -67.59% | -99,308.16% | -13,593.15% |
| Free Cash Flow Margin | -18.62% | -16.55% | -22.30% | -22.11% | -44,191.92% | -10,735.01% |
| EBITDA | -26.89M | -26.81M | -30.17M | -36.81M | -25.74M | -5.10M |
| EBITDA Margin | -27.96% | -29.14% | -34.97% | -62.62% | ||
| D&A For EBITDA | 2.22M | 2.30M | 1.94M | 1.02M | 883.23K | 84.29K |
| EBIT | -29.11M | -29.11M | -32.11M | -37.83M | -26.63M | -5.19M |
| EBIT Margin | -30.26% | -31.64% | -37.22% | -64.34% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 25.66M | 8.05M | 12.64M | 16.81M | 6.72M | 10.43M |
| Short-Term Investments | 7.37M | |||||
| Cash & Short-Term Investments | 25.66M | 8.05M | 12.64M | 16.81M | 14.09M | 10.43M |
| Receivables | 2.39M | 1.89M | 2.42M | 3.38M | ||
| Inventory | 4.33M | 4.25M | 3.79M | 3.43M | 1.92M | 918.65K |
| Prepaid Expenses | 1.58M | 1.21M | 1.31M | 721.72K | 311.62K | 41.02K |
| Restricted Cash | 2.75M | |||||
| Other Current Assets | 223.21K | 224.44K | ||||
| Total Current Assets | 33.96M | 15.40M | 20.37M | 27.32M | 16.33M | 11.39M |
| Property, Plant & Equipment | 17.47M | 18.85M | 20.30M | 21.65M | 23.26M | 25.71K |
| Goodwill | 16.16M | 16.16M | 16.16M | 16.16M | ||
| Other Intangible Assets | 4.25M | 5.05M | 5.99M | 8.14M | 662.80K | 540.03K |
| Other Long-Term Assets | 2.25M | 2.26M | 3.07M | 3.07M | 2.92M | 2.17K |
| Total Assets | 74.10M | 57.72M | 65.89M | 76.34M | 43.18M | 11.95M |
| Accounts Payable | 15.65M | 14.53M | 10.04M | 11.51M | 1.37M | 507.25K |
| Accrued Expenses | 1.89M | 2.53M | 3.78M | 1.67M | 3.22M | 1.72M |
| Current Portion of Long-Term Debt | 591.79K | 2.59M | 8.25M | 6.90M | 1.71M | 404.65K |
| Current Portion of Leases | 2.46M | 2.59M | 2.35M | 1.90M | 1.13M | |
| Current Unearned Revenue | 2.37M | 2.08M | 1.50M | 1.48M | ||
| Other Current Liabilities | 241.50K | 249.11K | 212.67K | 731.00K | ||
| Total Current Liabilities | 23.20M | 24.58M | 26.14M | 24.19M | 7.42M | 2.63M |
| Long-Term Debt | 14.94M | 14.38M | 8.38M | 6.78M | 4.87M | 6.79M |
| Long-Term Leases | 16.65M | 17.79M | 20.38M | 22.27M | 22.76M | |
| Other Long-Term Liabilities | 664.57K | 552.35K | 1.94M | 6.88M | 2.64M | |
| Total Liabilities | 55.45M | 57.30M | 56.83M | 60.12M | 35.05M | 12.06M |
| Common Stock | 240.27M | 203.05M | 179.84M | 162.03M | 114.04M | 70.88M |
| Retained Earnings | -234.26M | -216.26M | -181.78M | -145.80M | -106.07M | -74.27M |
| Comprehensive Income & Other | -62.15K | |||||
| Total Common Equity | 6.01M | -13.21M | -1.95M | 16.22M | 7.91M | -3.39M |
| Minority Interest | -35.44K | |||||
| Shareholders' Equity | 18.66M | 411.61K | 9.05M | 16.22M | 8.13M | -110.72K |
| Total Liabilities & Equity | 74.10M | 57.72M | 65.89M | 76.34M | 43.18M | 11.95M |
| Total Debt | 34.64M | 37.35M | 39.36M | 37.84M | 30.46M | 7.20M |
| Net Cash (Debt) | -8.98M | -29.30M | -26.72M | -21.03M | -16.37M | 3.23M |
| Net Cash Per Share | -0.07 | -0.27 | -0.27 | -0.24 | -0.21 | 0.05 |
| Filing Date Shares Outstanding | 135.43M | 133.28M | 104.47M | 96.87M | 83.12M | 77.09M |
| Total Common Shares Outstanding | 135.23M | 117.67M | 103.36M | 93.47M | 82.91M | 66.30M |
| Working Capital | 10.77M | -9.18M | -5.76M | 3.13M | 8.91M | 8.75M |
| Book Value Per Share | 0.04 | -0.11 | -0.02 | 0.17 | 0.10 | -0.05 |
| Tangible Book Value | -14.40M | -34.42M | -24.10M | -8.08M | 7.24M | -3.93M |
| Tangible Book Value Per Share | -0.11 | -0.29 | -0.23 | -0.09 | 0.09 | -0.06 |
| Machinery | 855.81K | 924.27K | 924.63K | 1.08M | 644.53K | 383.47K |
| Leasehold Improvements | 1.49M | 1.40M | 360.00K | 30.55K | 30.55K | 30.55K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -33.04M | -33.42M | -35.77M | -39.73M | -27.07M | -5.73M |
| Depreciation & Amortization | 4.31M | 4.32M | 4.07M | 2.89M | 883.23K | 84.29K |
| Other Amortization | 1.11M | 1.11M | 1.21M | 1.37M | ||
| Asset Writedown & Restructuring Costs | 1.12M | |||||
| Stock-Based Compensation | 12.54M | 13.56M | 13.47M | 17.98M | 13.96M | 1.46M |
| Other Operating Activities | 1.32M | 615.29K | -400.00K | -1.20M | -142.81K | -10.00K |
| Change in Accounts Receivable | -60.88K | 523.83K | 969.66K | -863.22K | ||
| Change in Inventory | -1.22M | -464.82K | -359.61K | 283.91K | -1.00M | |
| Change in Accounts Payable | 894.13K | 2.29M | 933.83K | 4.24M | 920.49K | 104.81K |
| Change in Unearned Revenue | -35.03K | 586.78K | 20.33K | -453.51K | ||
| Change in Other Net Operating Assets | -2.48M | -2.42M | -3.53M | 2.51M | -1.38M | -539.47K |
| Operating Cash Flow | -16.67M | -13.29M | -18.26M | -13.00M | -13.84M | -4.63M |
| Capital Expenditures | -1.25M | -1.93M | -981.43K | -312.69K | ||
| Sale of Property, Plant & Equipment | 10.19K | |||||
| Cash Acquisitions | -750.00K | -4.21M | ||||
| Sale (Purchase) of Intangibles | -307.62K | -179.20K | ||||
| Investment in Securities | 7.44M | -7.44M | ||||
| Investing Cash Flow | -1.25M | -1.93M | -1.73M | 3.24M | -8.06M | -179.20K |
| Long-Term Debt Issued | 5.25M | 500.00K | 16.85M | 228.24K | ||
| Total Debt Issued | 5.25M | 5.25M | 500.00K | 16.85M | 228.24K | |
| Long-Term Debt Repaid | -5.42M | -2.78M | -3.41M | -446.04K | -343.84K | |
| Total Debt Repaid | -6.26M | -5.42M | -2.78M | -3.41M | -446.04K | -343.84K |
| Net Debt Issued (Repaid) | -1.01M | -171.86K | -2.28M | 13.44M | -446.04K | -115.60K |
| Issuance of Common Stock | 32.11M | 6.00M | 4.43M | 9.82M | 23.96M | 13.17M |
| Preferred Dividends Paid | -1.04M | -1.02M | -38.05K | -129.46K | ||
| Dividends Paid | -1.04M | -1.02M | -38.05K | -129.46K | ||
| Other Financing Activities | -1.63M | -335.86K | -88.43K | -530.99K | -2.55M | |
| Financing Cash Flow | 29.92M | 9.83M | 13.06M | 22.73M | 20.93M | 12.92M |
| Net Cash Flow | 12.00M | -5.40M | -6.93M | 12.97M | -964.65K | 8.12M |
| Free Cash Flow | -17.92M | -15.22M | -19.24M | -13.00M | -14.15M | -4.63M |
| Free Cash Flow Margin | -18.62% | -16.55% | -22.30% | -22.11% | -44,191.92% | -10,735.01% |
| Free Cash Flow Per Share | -0.15 | -0.14 | -0.19 | -0.15 | -0.18 | -0.07 |
| Levered Free Cash Flow | -3.11M | 430.14K | -1.93M | -1.10M | -1.82M | -1.90M |
| Unlevered Free Cash Flow | -1.77M | 2.01M | -602.25K | -242.19K | -1.34M | -1.55M |
| Cash Interest Paid | 3.63M | 3.87M | 3.28M | 1.09M | 303.96K | 425.32K |
| Change in Working Capital | -2.91M | 514.34K | -1.96M | 5.71M | -1.47M | -434.66K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 124.90M | 246.84M | 118.90M | 147.47M | 208.52M | 65.38K |
| Enterprise Value | 133.87M | 290.53M | 148.52M | 167.57M | 220.99M | 8.21M |
| Last Close Price | 0.78 | 2.17 | 1.16 | 1.60 | 2.52 | 0.00 |
| Forward PE | 4.60 | 4.60 | 4.60 | |||
| PS Ratio | 1.30 | 2.68 | 1.38 | 2.51 | 6,511.85 | 1.52 |
| PB Ratio | 17.53 | 599.68 | 13.13 | 9.09 | 25.66 | -0.59 |
| P/TBV Ratio | 28.78 | |||||
| EV/Sales Ratio | 1.39 | 3.16 | 1.72 | 2.85 | 6,901.20 | 190.41 |
| Debt / Equity Ratio | 1.86 | 90.75 | 4.35 | 2.33 | 3.75 | -65.00 |
| Net Debt / Equity Ratio | 0.48 | 71.19 | 2.95 | 1.30 | 2.01 | 29.16 |
| Net Debt / EBITDA Ratio | -0.33 | -1.09 | -0.89 | -0.57 | -0.64 | 0.63 |
| Net Debt / FCF Ratio | -0.50 | -1.93 | -1.39 | -1.62 | -1.16 | 0.70 |
| Asset Turnover | 1.39 | 1.49 | 1.21 | 0.98 | 0.00 | 0.01 |
| Inventory Turnover | 18.07 | 15.97 | 17.11 | 15.24 | 0.01 | 0.10 |
| Quick Ratio | 1.21 | 0.41 | 0.58 | 0.83 | 1.90 | 3.96 |
| Current Ratio | 1.46 | 0.63 | 0.78 | 1.13 | 2.20 | 4.32 |
| Return on Equity (ROE) | -271.39% | -706.09% | -283.03% | -326.36% | -674.51% | |
| Return on Assets (ROA) | -26.27% | -29.44% | -28.22% | -39.56% | -60.37% | -41.42% |
| Return on Capital Employed (ROCE) | -57.20% | -87.90% | -80.80% | -72.50% | -74.50% | -55.70% |
| Earnings Yield | -35.95% | -13.54% | -30.08% | -26.94% | -12.98% | -8,765.05% |
| FCF Yield | -14.35% | -6.17% | -16.18% | -8.81% | -6.79% | -7,078.46% |
| Buyback Yield / Dilution | -17.16% | -9.01% | -12.90% | -11.17% | -22.40% | -3.49% |