SKYX Platforms Corp. (SKYX) AI Stock Analysis

SKYX Platforms Corp., based in Pompano Beach, Florida, develops safe-smart platform technologies to enhance the functionality and safety of residential and commercial spaces. Originally incorporated in 2004 as SQL Technologies Corp., it rebranded to SKYX Platforms Corp. in June 2022. The company offers first-generation and second-generation technologies that allow light fixtures, ceiling fans, and other electrically wired products to plug directly into ceiling electrical outlet boxes. Its product lineup also includes power-plugs, universal power-plug and receptacle solutions, and connected smart products supporting automation and safety.

SKYX reported revenue of $43,109 in FY2021 and $32,022 in FY2022 before expanding to $58.8M in FY2023, $86.3M in FY2024, and $92.0M in FY2025. Gross margin was 30.3% in FY2025, compared to 28.5% in FY2024 and 30.7% in FY2023. Operating margin improved from -64.3% in FY2023 to -31.6% in FY2025, while net income was -$33.4M in FY2025 compared to -$35.8M in FY2024 and -$39.7M in FY2023. Over the trailing twelve months ending June 30, 2026, revenue was $96.2M with quarterly revenue growth of 9.6% year-over-year, an operating margin of -28.0%, and a net profit margin of -34.3%.

As of June 30, 2026, SKYX held $25.7M in cash and short-term investments against total debt of $34.0M, resulting in net debt of $8.4M. Total assets stood at $74.1M and shareholders' equity was $18.7M. The company reported a current ratio of 1.46 and a debt-to-equity ratio of 1.83. In FY2025, capital expenditures were $1.9M, dividends paid totaled $1.0M, and operating cash flow was -$13.3M, yielding free cash flow of -$15.2M. The company's share count increased 107.2% over five years.

At a last close of $0.96 on October 16, 2026, SKYX had a market capitalization of $130.0M and an enterprise value of $189.6M. The stock trades at a price-to-sales multiple of 1.4x, slightly below the 1.5x median of its US-listed Industrials peers. Its price-to-book ratio is 28.0x, and EV-to-revenue is 2.0x. Over the past year, SKYX returned -26.2%, trailing the S&P 500 (SPY) return of 16.8%. The stock traded at -33.5% versus its 200-day average and near its 52-week low of $0.95.

Wall Street analysts maintain 5 Strong Buy and 1 Buy ratings for SKYX, with no Hold, Sell, or Strong Sell ratings. The mean price target is $4.00, representing a 316.7% premium over the last close of $0.96. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $106.8M and an EPS of -$0.21. For the following fiscal year, 6 analysts project revenue of $136.7M and an EPS of -$0.11. SKYX recorded 0 EPS beats over the last four quarters. The next earnings date is November 11, 2026.

This page is an AI-written research summary of SKYX Platforms Corp. (SKYX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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