SKYX Stock Price, SKYX Platforms Corp. Quote, Chart

Market Summary

USD1.010.00

Delayed

0.00%

SKYX Stock Price

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SKYX RSI Chart

SKYX Valuation

Market Cap

101.0M

Price/Earnings (Trailing)

-2.44

Price/Sales (Trailing)

1.3

Price/Free Cashflow

-7.31

SKYX Price/Sales (Trailing)

SKYX Profitability

Operating Margin

30.36%

Return on Equity

-307.07%

Return on Assets

-55.87%

Free Cashflow Yield

-13.68%

SKYX Fundamentals

SKYX Revenue

Revenue (TTM)

77.8M

Rev. Growth (Yr)

89.98%

Rev. Growth (Qtr)

-14.41%

SKYX Earnings

Earnings (TTM)

-41.4M

Earnings Growth (Yr)

-21.4%

Earnings Growth (Qtr)

21.43%

Breaking Down SKYX Revenue

Last 30 days

4.1%

Last 90 days

-32.2%

Trailing 12 Months

-69.1%

How does SKYX drawdown profile look like?

SKYX Financial Health

Current Ratio

1.05

Debt/Equity

0.43

Debt/Cashflow

-2.62

SKYX Investor Care

Shares Dilution (1Y)

14.89%

Diluted EPS (TTM)

-0.46

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	77.8M	0	0	0
2023	0	0	0	58.8M
2022	0	0	0	0
2021	0	0	0	0
2018	7.7M	8.5M	8.1M	0
2017	7.9M	7.4M	6.9M	7.2M
2016	3.2M	4.3M	5.9M	7.0M
2015	0	0	0	2.9M
2012	0	0	0	0

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Tracking the Latest Insider Buys and Sells of SKYX Platforms Corp.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 05, 2024	boisseau marc andre	sold (taxes)	-19,288	1.08	-17,860	chief financial officer
Apr 04, 2024	shiff dov	acquired	-	-	5,000	-
Apr 04, 2024	greenstein brayer efrat l	acquired	-	-	16,000	-
Apr 04, 2024	golden gary n	acquired	-	-	18,000	-
Apr 04, 2024	dimattia nancy	acquired	-	-	26,500	-
Mar 12, 2024	sokolow leonard j	sold (taxes)	-28,576	1.28	-22,325	co-chief executive officer
Feb 15, 2024	boisseau marc andre	sold (taxes)	-8,205	1.47	-5,582	chief financial officer
Dec 31, 2023	dimattia nancy	acquired	7,499	1.68	4,464	-
Dec 31, 2023	shiff dov	acquired	7,499	1.68	4,464	-
Dec 15, 2023	campi john p.	gifted	-	-	-400,000	co-chief executive officer

Which funds bought or sold SKYX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	reduced	-55.42	-25,411	14,604	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-38.93	-8,253	8,254	-%
May 15, 2024	Voya Investment Management LLC	reduced	-17.62	-15,496	32,115	-%
May 15, 2024	Royal Bank of Canada	added	302	79,000	112,000	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	reduced	-3.39	-4,811	18,208	-%
May 15, 2024	DEUTSCHE BANK AG\	unchanged	-	-1,228	5,545	-%
May 15, 2024	STATE STREET CORP	added	1.05	-264,296	1,266,550	-%
May 15, 2024	MORGAN STANLEY	reduced	-32.74	-87,998	107,860	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	reduced	-88.86	-119,469	11,993	-%
May 15, 2024	CANTOR FITZGERALD, L. P.	unchanged	-	-15,373	69,443	0.02%

Are Funds Buying or Selling SKYX?

Are funds buying SKYX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SKYX

No. of Funds

Unveiling SKYX Platforms Corp.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
May 16, 2024	kohen ran roland	14.3%	15,199,970	SC 13D/A
Oct 10, 2023	shiff dov	16.5%	15,152,728	SC 13D/A
Jul 07, 2023	kohen ran roland	15.3%	14,859,970	SC 13D/A
Jul 07, 2023	shiff dov	16.5%	15,146,197	SC 13D/A
May 31, 2023	siegelaub steven	4.0%	3,474,988	SC 13G/A
Jan 05, 2023	shiff dov	18.2%	15,134,132	SC 13D/A

Recent SEC filings of SKYX Platforms Corp.

View All Filings

Date Filed	Form Type	Document
May 16, 2024	ARS	ARS
May 16, 2024	DEF 14A	DEF 14A
May 16, 2024	DEFA14A	DEFA14A
May 16, 2024	SC 13D/A	13D - Major Acquisition
May 15, 2024	4	Insider Trading
May 14, 2024	10-Q	Quarterly Report
May 14, 2024	8-K	Current Report
Apr 17, 2024	8-K	Current Report
Apr 17, 2024	D	D
Apr 10, 2024	4	Insider Trading

Peers (Alternatives to SKYX Platforms Corp.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CARR	58.8B	23.0B	20.26%	50.77%	43.8	2.55	9.35%	-48.07%
HUBB	21.1B	5.5B	0.45%	39.98%	29.05	3.84	8.06%	32.52%
BLDR	20.4B	17.1B	-6.83%	36.60%	13.91	1.19	-18.27%	-40.02%
CSL	19.9B	4.9B	13.40%	94.52%	23.21	4.06	-3.54%	3.11%
LECO	12.9B	-	-4.07%	33.20%	23.62	3.13	6.67%	16.79%
MID-CAP
AYI	8.0B	3.9B	4.36%	61.38%	21.17	2.08	-6.35%	-0.40%
AAON	6.2B	1.2B	-13.17%	22.84%	34.26	5.29	19.83%	50.95%
ATKR	5.5B	3.4B	-10.63%	22.26%	8.95	1.64	-11.52%	-24.82%
AEIS	4.0B	1.6B	14.28%	14.49%	30.83	2.54	-16.80%	-35.75%
PLUG	2.4B	801.3M	18.68%	-58.83%	-1.65	3	3.94%	-88.36%
SMALL-CAP
APOG	1.5B	1.4B	18.99%	70.53%	14.78	1.04	-1.65%	-4.32%
ACTG	538.1M	141.5M	11.62%	34.84%	9.37	3.8	64.77%	235.59%
ACCO	493.5M	1.8B	6.61%	-0.96%	-20.23	0.28	-6.26%	-71.83%
FCEL	366.0M	103.0M	-19.00%	-64.63%	-4	3.55	-24.12%	24.29%
APT	56.3M	60.9M	-21.24%	23.91%	13.37	0.92	4.81%	82.22%

SKYX Platforms Corp. News

Latest updates

SKYX Platforms Corp. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2021Q3	2021Q2	2021Q1	2018Q3	2018Q2	2018Q1	2017Q4	2017Q3	2017Q2	2017Q1	2016Q4	2016Q3	2016Q2	2016Q1	2015Q4
Revenue	-14.4%	18,978	22,174	21,618	14,984	9,989	4,995	-	337	675	1,012	2,263	3,138	1,710	1,415	1,415	2,614	1,480	1,932	1,854	1,748	403
Cost Of Revenue	-13.8%	13,400	15,542	14,917	10,289	1.00	1.00	-	-	83.00	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-15.9%	5,578	6,632	6,700	4,695	9.00	8.00	-	-	18.00	83.00	387	709	115	222	222	609	192	338	164	184	-
Operating Expenses	-21.6%	14,466	18,444	13,222	-	7,248	9,968	-	-	-	2,755	2,856	2,474	2,623	1,919	1,802	1,759	-	-	-	-	-
S&GA Expenses	370.0%	6,527	-2,417	5,703	16,947	7,248	-2,680	1,429	962	868	2,285	2,386	2,005	1,199	1,802	1,170	1,149	-166	1,614	1,509	1,428	-
Interest Expenses	56.7%	788	503	662	1,219	731	364	144	144	137	115	98.00	84.00	83.00	74.00	74.00	58.00	78.00	140	397	366	-
Net Income	21.4%	-9,676	-12,315	-7,183	-12,268	-7,970	-4,873	-1,563	-1,098	-986	-	-	-1,765	-	-	-	-1,150	-	-	-2,642	387	-
Net Income Margin	21.1%	-0.53*	-0.68*	-3.98*	-3.79*	-2.85*	-3.33*	-0.67*	-3.29*	-3.29*	-3.29*	-	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-114.4%	-6,235	-2,907	-3,448	-2,525	-4,119	-4,127	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2018Q3	2018Q2	2018Q1	2017Q4	2017Q3	2017Q2	2017Q1	2016Q4	2016Q3	2016Q2	2016Q1
Assets	-2.8%	74.00	76.00	78.00	80.00	49.00	43.00	48.00	29.00	31.00	12.00	7.00	9.00	11.00	10.00	14.00	15.00	17.00	12.00	15.00	15.00	8.00
Current Assets	-6.7%	25.00	27.00	28.00	29.00	21.00	16.00	20.00	27.00	30.00	11.00	6.00	8.00	9.00	8.00	10.00	11.00	12.00	7.00	10.00	9.00	1.00
Cash Equivalents	-15.8%	14.00	17.00	16.00	18.00	15.00	7.00	11.00	25.00	28.00	10.00	3.00	4.00	5.00	5.00	6.00	7.00	8.00	4.00	5.00	5.00	0.00
Inventory	10.3%	4.00	3.00	5.00	5.00	2.00	2.00	1.00	1.00	1.00	1.00	2.00	2.00	2.00	2.00	3.00	3.00	2.00	2.00	3.00	2.00	0.00
Net PPE	5.3%	0.00	0.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Goodwill	0%	16.00	16.00	16.00	15.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities	0.9%	61.00	60.00	61.00	59.00	40.00	35.00	35.00	14.00	13.00	12.00	30.00	38.00	36.00	35.00	49.00	48.00	55.00	40.00	44.00	84.00	40.00
Current Liabilities	0.6%	24.00	24.00	31.00	32.00	8.00	7.00	6.00	5.00	5.00	3.00	26.00	38.00	36.00	32.00	38.00	37.00	44.00	29.00	32.00	70.00	28.00
Long Term Debt	-100.0%	-	6.00	5.00	5.00	5.00	-	1.00	1.00	1.00	0.00	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00
LT Debt, Non Current	-100.0%	-	6.00	5.00	5.00	5.00	-	1.00	1.00	1.00	0.00	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00
Shareholder's Equity	-16.8%	13.00	16.00	17.00	17.00	21.00	8.00	12.00	8.00	8.00	8.00	-	-	-	-	-	-	-	-	-	-	-
Retained Earnings	-6.6%	-155	-145	-133	-126	-114	-106	-101	-95.53	-90.88	-74.27	-177	-173	-169	-168	-162	-160	-158	-141	-116	-86.48	-42.32
Additional Paid-In Capital	-	-	-	-	-	-	-	-	-	-	-	89.00	80.00	80.00	80.00	64.00	64.00	58.00	57.00	51.00	6.00	6.00
Shares Outstanding	3.6%	97.00	93.00	92.00	91.00	83.00	83.00	82.00	81.00	73.00	66.00	54.00	54.00	-	-	-	-	-	-	-	-	-
Minority Interest	-	-	-	-	-	-	-	-	-	-	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04
Float	-	-	-	-	176	-	-	-	108	-	-	-	-	-	-	-	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2018Q3	2018Q2	2018Q1	2017Q4	2017Q3	2017Q2	2017Q1	2016Q4
Cashflow From Operations	-112.6%	-6,182	-2,907	-3,448	-2,525	-4,118	-4,073	-3,523	-2,844	-3,358	-1,794	-1,028	-1,040	-764	-5,489	-1,732	-495	-1,122	-1,060	-1,272	-893	-830
Share Based Compensation	-32.3%	3,295	4,868	2,471	7,675	2,964	3.00	2,763	2,426	8,768	634	491	150	187	-	-	-	-	-	-	-	-
Cashflow From Investing	-141.2%	-53.65	130	-119	3,400	-169	-219	-7,491	-105	-239	-28.03	-64.28	-32.26	-54.62	-	-6.36	-25.13	-49.56	-86.84	-74.96	-30.29	-9.98
Cashflow From Financing	16.3%	3,600	3,095	1,984	7,299	10,349	192	-97.47	65.00	20,740	10,014	167	1,792	950	4,659	959	403	-309	306	806	4,540	-31.70
Dividend Payments	-	-	-	-	-	-	6.00	5.00	7.00	21.00	32.00	33.00	33.00	33.00	-32.55	-32.55	-32.55	-30.46	-33.53	-37.63	-48.11	-

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SKYX Income Statement

2024-03-31

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Revenue	$ 18,977,821	$ 10,025
Cost of revenues	13,399,771	1,468
Gross profit (loss)	5,578,050	8,557
Selling and marketing expenses	6,526,816	1,299,859
Total expenses, net	14,466,397	7,248,205
Loss from operations	(8,888,347)	(7,239,648)
Other income / (expense)
Interest expense, net	(787,854)	(730,621)
Gain on extinguishment of debt
Other income
Total other expense, net	(787,854)	(730,621)
Net loss	(9,676,201)	(7,970,269)
Other comprehensive loss:
Unrealized loss on debt securities		57,494
Net comprehensive loss attributed to common stockholders	$ (9,676,201)	$ (7,912,775)
Net loss per share - basic	$ (0.10)	$ (0.10)
Net loss per share - diluted	$ (0.10)	$ (0.10)
Weighted average number of common shares outstanding - basic	95,091,003	82,965,182
Weighted average number of common shares outstanding - diluted	95,091,003	82,965,182
Nonrelated Party [Member]
Defined Benefit Plan Disclosure [Line Items]
General and administrative expenses	$ 7,939,581	$ 5,948,346

SKYX Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 14,146,785	$ 16,810,983
Restricted cash	2,750,000	2,750,000
Account receivable	3,932,008	3,384,976
Inventory	3,777,724	3,425,734
Deferred cost of revenues	245,734	224,445
Prepaid expenses and other assets	630,077	721,717
Total current assets	25,482,328	27,317,855
Long-term assets:
Furniture and equipment, net	459,929	436,587
Restricted cash	2,892,878	2,869,270
Right of use assets	21,360,642	21,214,652
Intangibles, definite life	7,627,472	8,141,032
Goodwill	16,157,000	16,157,000
Other assets	204,807	204,807
Total long-term assets	48,702,728	49,023,348
Total Assets	74,185,056	76,341,203
Current liabilities:
Accounts payable and accrued expenses	12,537,437	12,388,475
Notes payable	5,865,829	5,724,129
Operating lease liabilities	2,160,938	1,898,428
Royalty obligation	800,000	800,000
Consideration payable	750,000	730,999
Deferred revenues	1,616,038	1,475,519
Total current liabilities	24,330,242	24,192,550
Long term liabilities:
Accounts payable and accrued expenses	950,358	744,953
Notes payable	764,333	1,016,924
Consideration payable		3,038,430
Operating lease liabilities	22,161,824	22,267,558
Royalty obligations	2,900,000	3,100,000
Total long-term liabilities	36,358,221	35,926,643
Total liabilities	60,688,463	60,119,193
Stockholders’ Equity:
Common stock and additional paid-in-capital: $0 par value, 500,000,000 shares authorized; and 97,096,897 and 93,473,433 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	168,975,808	162,025,024
Accumulated deficit	(155,479,215)	(145,803,014)
Accumulated other comprehensive loss
Total stockholders’ equity	13,496,593	16,222,010
Total Liabilities and Stockholders’ Equity	74,185,056	76,341,203
Related Party [Member]
Current liabilities:
Convertible notes	600,000	825,000
Long term liabilities:
Convertible notes	350,000
Nonrelated Party [Member]
Current liabilities:
Convertible notes		350,000
Long term liabilities:
Convertible notes	$ 9,231,706	$ 5,758,778

About SKYX Platforms Corp.

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 box; and second-generation technology provides a platform that is designed to enhance safety and lifestyle of homes and other buildings. It provides power-plugs and universal power-plug and receptacle products. In addition, it offers smart products, such as SkyHome App; sky smart Ã‚â€“ universal power-plug and receptacle; sky - smart plug and play ceiling fans and lightings, and all-in-one smart sky platform. The company was formerly known as SQL Technologies Corp. and changed its name to SKYX Platforms Corp. in June 2022. SKYX Platforms Corp. was incorporated in 2004 and is headquartered in Pompano Beach, Florida.

WEBSITE	skyplug.com
INDUSTRY	Communication Equipment
EMPLOYEES	29

SKYX Platforms Corp. Frequently Asked Questions

What is the ticker symbol for SKYX Platforms Corp.? What does SKYX stand for in stocks?

SKYX is the stock ticker symbol of SKYX Platforms Corp.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of SKYX Platforms Corp. (SKYX)?

As of Fri May 17 2024, market cap of SKYX Platforms Corp. is 101.03 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SKYX stock?

You can check SKYX's fair value in chart for subscribers.

What is the fair value of SKYX stock?

You can check SKYX's fair value in chart for subscribers. The fair value of SKYX Platforms Corp. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of SKYX Platforms Corp. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SKYX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is SKYX Platforms Corp. a good stock to buy?

The fair value guage provides a quick view whether SKYX is over valued or under valued. Whether SKYX Platforms Corp. is cheap or expensive depends on the assumptions which impact SKYX Platforms Corp.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SKYX.

What is SKYX Platforms Corp.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, SKYX's PE ratio (Price to Earnings) is -2.44 and Price to Sales (PS) ratio is 1.3. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SKYX PE ratio will change depending on the future growth rate expectations of investors.