Business Description
SKYX Platforms Corp. is dedicated to developing intelligent and secure platform technologies. Their initial product line simplifies the installation of items like light fixtures, ceiling fans, and other electrical devices, enabling them to easily plug into a ceiling's existing electrical outlet box. Furthermore, the company offers a more advanced, second-generation platform designed to significantly improve the safety and enhance the lifestyle experience in both homes and other buildings. SKYX's product offerings include various power-plugs, universal power-plug and receptacle systems, and a range of smart devices. Established in 2004, the company was formerly known as SQL Technologies Corp. before officially changing its name to SKYX Platforms Corp. in June 2022. Its operations are based in Pompano Beach, Florida.
Business History
Price Overview
Last updated: Jun 27, 2026 10:07am (just now)Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): -0.32
Total Equity: $411,614
Shares: 108,757,074
Total Debt: $16.97M
Cash: $8.05M
EBITDA: -$25.02M
Total Debt: $16.97M
Cash: $8.05M
Revenue: $92.01M
Shares: 108,757,074
Revenue: $92.01M
Revenue: $92.01M
Revenue: $92.01M
Total Equity: $411,614
Tax Rate: 0.0%
Equity: $411,614
Total Debt: $16.97M
Cash: $8.05M
Current Liabilities: $24.58M
Long-Term Debt: $14.38M
Total Debt: $16.97M
Total Equity: $411,614
Shares: 108,757,074
Shares: 108,757,074
CapEx: -$1.93M
Shares: 108,757,074
Stock Price: $0.95
Net Income: -$33.42M
Industry Benchmarks
Deep Analysis
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Income Statement (Annual)
Last updated: Jun 21, 2026 7:36pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $43,109 | $32,022 | $58.8M | $86.3M | $92.0M |
| Cost of Revenue | $149,286 | $18,913 | $40.7M | $61.7M | $64.2M |
| Gross Profit | $-106,177 | $13,109 | $18.0M | $24.6M | $27.8M |
| Operating Expenses | $5.1M | $26.6M | $55.9M | $56.7M | $56.9M |
| Operating Income | -$5.2M | -$26.6M | -$37.8M | -$32.1M | -$29.1M |
| Net Income | -$5.7M | -$27.1M | -$39.7M | -$35.8M | -$33.4M |
| EBITDA | -$5.1M | -$25.7M | -$35.2M | -$27.6M | -$25.0M |
| EPS | $-0.09 | $-0.40 | $-0.45 | $-0.36 | $-0.32 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:36pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $10.4M | $6.7M | $16.8M | $12.6M | $8.1M |
| Total Current Assets | $11.4M | $16.3M | $27.3M | $20.4M | $15.4M |
| Total Assets | $12.0M | $43.2M | $76.3M | $65.9M | $57.7M |
| Current Liabilities | $2.6M | $7.4M | $24.2M | $26.1M | $24.6M |
| Long-Term Debt | $6.8M | $4.9M | $6.8M | $8.4M | $14.4M |
| Total Liabilities | $12.1M | $35.0M | $60.1M | $56.8M | $57.3M |
| Total Equity | $-75,279 | $8.1M | $16.2M | $9.1M | $411,614 |
| Retained Earnings | -$74.3M | -$106.1M | -$145.8M | -$181.8M | -$216.3M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:36pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$4.6M | -$13.8M | -$13.0M | -$18.3M | -$13.3M |
| Capital Expenditure | $-179,203 | $-620,314 | $13.0M | $-981,428 | -$1.9M |
| Free Cash Flow | -$4.8M | -$14.5M | -$13.0M | -$19.2M | -$15.2M |
| Acquisitions (net) | $0 | $0 | -$4.2M | $-750,000 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $8.1M | $-964,652 | $12.8M | -$6.9M | -$5.4M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 10:07am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$138.3M $126.1M – $147.7M
|
$178.6M $174.3M – $182.8M
|
$250.0M $230.7M – $265.2M
|
$300.0M $276.8M – $318.2M
|
| EBITDA |
-$88.3M -$94.2M – -$80.5M
|
-$113.9M -$116.7M – -$111.2M
|
-$159.5M -$169.2M – -$147.2M
|
-$191.4M -$203.0M – -$176.6M
|
| Net Income |
-$17.0M -$19.4M – -$3.6M
|
-$1.2M -$5.4M – $3.3M
|
$15.2M $13.7M – $16.4M
|
$18.5M $16.6M – $19.9M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:36pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -25.7% | +183,479.3% | +46.8% | +6.6% |
| Gross Profit Growth | +112.3% | +137,483.7% | +36.4% | +13.2% |
| Operating Income Growth | -413.2% | -42.1% | +15.1% | +9.3% |
| Net Income Growth | -372.4% | -46.8% | +10.0% | +6.6% |
| EBITDA Growth | -406.3% | -36.5% | +21.4% | +9.5% |
Insider Trading (Recent)
All SEC Form 4 codes
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-14 | SOKOLOW LEONARD J | A-Award | 50,000.00 | $0.00 | $0 |
| 2026-06-14 | SOKOLOW LEONARD J | F-InKind | 4,919.00 | $1.06 | $5,214 |
| 2026-06-14 | SOKOLOW LEONARD J | A-Award | 50,000.00 | $1.06 | $53,000 |
| 2026-06-10 | Shiff Dov | G-Gift | 80,000.00 | $0.00 | $0 |
| 2026-06-10 | Shiff Dov | G-Gift | 80,000.00 | $0.00 | $0 |
| 2026-03-31 | Greenstein Brayer Efrat L | A-Award | 16,000.00 | $0.00 | $0 |
| 2026-03-31 | Greenstein Brayer Efrat L | A-Award | 16,000.00 | $1.12 | $17,920 |
| 2026-03-31 | Shiff Dov | A-Award | 5,000.00 | $0.00 | $0 |
| 2026-03-31 | Shiff Dov | A-Award | 5,000.00 | $1.12 | $5,600 |
| 2026-03-31 | Golden Gary N | A-Award | 18,000.00 | $0.00 | $0 |
| 2026-03-31 | Golden Gary N | A-Award | 18,000.00 | $1.12 | $20,160 |
| 2026-03-31 | Ridge Thomas J | A-Award | 5,000.00 | $0.00 | $0 |
| 2026-03-31 | Ridge Thomas J | A-Award | 5,000.00 | $1.12 | $5,600 |
| 2026-03-31 | DiMattia Nancy | A-Award | 26,500.00 | $0.00 | $0 |
| 2026-03-31 | DiMattia Nancy | A-Award | 26,500.00 | $1.12 | $29,680 |
| 2026-03-31 | Schmidt Steven Mark | F-InKind | 5,930.00 | $1.12 | $6,642 |
| 2026-03-12 | SOKOLOW LEONARD J | F-InKind | 20,874.00 | $1.91 | $39,869 |
| 2025-12-31 | Schmidt Steven Mark | F-InKind | 5,929.00 | $2.08 | $12,332 |
| 2026-01-01 | Schmidt Steven Mark | F-InKind | 14,825.00 | $2.17 | $32,170 |
| 2025-12-31 | Shiff Dov | A-Award | 14,423.00 | $2.08 | $30,000 |
Narrative Economics
market-narrative step).