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SKYX Platforms Corp.

SKYX

SKYX Platforms Corp. provides disruptive smart-home and electrical safety technologies designed to modernize building standards.

Market cap
$156M+44.5%
Revenue$94.0M+7.5%
Net income-$33.6M+4.3%
Free cash flow-$16.6M+6.9%
EPS (diluted)-$0.30+16.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 11, 2026 (In 1 week)
Revenue estimate$24.1M
EPS estimate-$0.07

Financials

Q1 2026

Income statement

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Revenue$22.1M+9.8%
Gross profit$6.6M+16.0%
Operating income-$8.2M-5.8%
Net income-$9.3M-2.5%
EPS (diluted)-$0.07+22.2%

Balance sheet

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Cash & equivalents$32.3M+242%
Total debt$39.9M+77.1%
Total equity$18.8M+2,706%
Total assets$77.9M+23.4%

Cash flow

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Operating cash flow-$6.0M-39.1%
CapEx$94.0K-77.3%
Free cash flow-$6.1M-28.9%

Valuation & ratios

Valuation

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Market cap$156M+44.5%
Enterprise value$163.58M+8.2%
P/S1.7×+0.4×

Profitability

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Gross margin30.6%+2.3pp
Operating margin-31.5%-3.2pp
Net margin-35.8%-3.5pp
FCF margin-17.7%-2.1pp

Returns & leverage

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Debt / equity2.1×
Current ratio1.7×+1.1×

Segments

By segment

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Advanced Safe Smart Technologies And Related Products$22.1M+9.8%

Competitors

Profile

SKYX Platforms Corp. provides disruptive smart-home and electrical safety technologies designed to modernize building standards. The company develops patented plug-and-play platforms that allow for the safe, wire-free installation of light fixtures and ceiling fans, while integrating advanced smart features like voice control and environmental monitoring. Through its e-commerce acquisition, the company also operates a large-scale online retail network for home furnishings and lighting.

Competitive position

A first-mover in weight-bearing plug-and-play electrical standards with a significant patent portfolio and established inclusion in the National Electrical Code (NEC).

GeographiesUnited States, Canada, Mexico, China
Customer segmentsResidential, Commercial, Hospitality, Healthcare
Business modelProduct Manufacturing, B2C E-commerce, IP Licensing, Subscription SaaS
SuppliersThird-party manufacturers in China and Southeast Asia, Raw material suppliers (copper, aluminum, zinc, steel), Semiconductor and integrated circuit providers
CustomersResidential homeowners, Real estate developers and builders, Hotels and cruise ships, Healthcare and elder living facilities
Listed2015
Employees60.0
CEOLeonard Jay Sokolow Econ.
FilingsSEC EDGAR

Questions, answered.

What is SKYX Platforms Corp.'s market cap?
SKYX Platforms Corp. (SKYX) has a market capitalization of $156.0M and trades on NASDAQ.
What is SKYX Platforms Corp.'s revenue and profitability?
SKYX Platforms Corp. generated $94.0M in trailing twelve-month revenue with a net loss of $33.6M, representing a net margin of -35.8%. Gross margin stands at 30.6%, with free cash flow of -$16.6M. These figures are based on the Q1 2026 filing.
Who are SKYX Platforms Corp.'s competitors?
SKYX Platforms Corp.'s key competitors include Wayfair, Home Depot, Lowe's, and others. These companies compete in similar markets and product categories.
Who does SKYX Platforms Corp. partner with?
SKYX Platforms Corp.'s notable partners include General Electric, Apple, Amazon, and others.
What subsidiaries does SKYX Platforms Corp. have?
SKYX Platforms Corp.'s subsidiaries include Belami.
Where is SKYX Platforms Corp. headquartered?
SKYX Platforms Corp. is headquartered in United States of America and employs approximately 60 people. It has been publicly traded since 2015.