SkyAI, Inc. SKYA
Technology, Inc. is a medical device sales and distribution enterprise focused on the marketing and distribution of syringe products
and related drug-delivery systems. We previously designed and manufactured a portfolio of conventional and safety syringes for clinical,
pharmaceutical, and specialty applications and continues to market certain remaining inventory to hospitals, clinics, healthcare providers,
and medical supply organizations in both domestic and international markets. We plan to expand its distribution platform by representing
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $204.1K | — | — | — | — | — |
| Cost of revenue | $617.4K | — | — | — | — | — |
| Gross profit | -$413.3K | — | — | — | — | — |
| R&D | $198.8K | $531.2K | $1.6M | $2.3M | $1.7M | — |
| SG&A | $16.1M | $5.0M | $8.5M | $6.5M | $2.8M | — |
| Total operating expenses | $276.1M | $5.6M | $10.1M | $8.7M | $4.5M | — |
| Operating income | -$269.7M | -$5.6M | -$10.1M | -$8.7M | -$4.5M | — |
| Interest expense | $416.7K | $1.7M | $138.1K | $1.3M | $166.7K | — |
| Pre-tax income | -$270.3M | -$5.2M | -$9.9M | -$4.6M | — | — |
| Income tax | — | $30.0K | $30.0K | — | — | — |
| Net income | -$282.5M | -$9.3M | -$9.8M | -$4.6M | -$4.7M | — |
| EPS, basic | -11.16 | -2,219.92 | -16.61 | -0.57 | -0.96 | — |
| EPS, diluted | -11.16 | -2,219.92 | -16.61 | -0.57 | — | — |
| Shares, diluted (wtd. avg.) | $25.3M | $4.2K | $592.4K | $8.1M | $4.9M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $10.4M | $754.8K | $3.0M | $4.2M | $1.5M | — |
| Inventory | $645.3K | $538.8K | $1.7M | $185.8K | $122.0K | — |
| Total current assets | $18.9M | $3.2M | $4.8M | $4.4M | $1.6M | — |
| Property, plant and equipment | $81.2K | $1.2M | $6.8M | $7.0M | $3.8M | — |
| Other intangibles | — | $32.5K | $52.5K | $62.5K | — | — |
| Total assets | $269.1M | $7.3M | $11.8M | $11.8M | $5.9M | — |
| Accounts payable | $590.7K | $693.2K | $794.1K | $543.2K | $804.1K | — |
| Short-term debt | $3.1M | — | — | — | — | — |
| Total current liabilities | $4.7M | $5.2M | $3.7M | $2.0M | $2.8M | — |
| Total liabilities | $4.7M | $5.3M | $3.9M | $2.2M | $2.8M | — |
| Retained earnings | -$316.9M | -$34.4M | -$25.1M | -$15.3M | -$10.7M | — |
| Total equity | $264.4M | $2.0M | $7.9M | $9.6M | $3.1M | $2.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$11.0M | -$4.4M | -$8.5M | -$6.4M | -$3.1M | — |
| Depreciation and amortisation | $132.5K | $472.6K | $876.1K | $647.7K | $28.7K | — |
| Stock-based compensation | — | $520.8K | $963.0K | $1.0M | $1.2M | — |
| Capital expenditure | — | $138.8K | $698.3K | $542.7K | $2.2M | — |
| Investing cash flow | -$187.5M | -$1.0M | -$698.3K | -$3.1M | -$2.3M | — |
| Financing cash flow | $215.5M | $5.9M | $8.0M | $12.2M | $5.2M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-014261.
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