SKYX Platforms Corp. SKYX
electricity is a standard in every home and building, our mission is to make homes and buildings become safe advanced and smart as the
standard.
Technologies has a series of highly disruptive advanced-safe-smart platform technologies, with almost 100 U.S. and global patents and
patent pending applications. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $92.0M | $86.3M | $58.8M | $32.0K | $43.1K | $7.7M | $7.0M | $2.9M | $0 | — |
| Cost of revenue | $64.2M | $61.7M | $40.7M | $18.9K | $88.5K | $6.4M | $6.1M | $2.5M | $0 | — |
| Gross profit | $27.8M | $24.6M | $18.0M | $13.1K | -$45.4K | $1.3M | $878.6K | $407.8K | $0 | — |
| SG&A | $31.2M | $31.4M | $37.1M | $26.4M | $5.1M | $5.1M | $4.4M | $5.2M | $4.8M | $1.4M |
| Total operating expenses | $121.1M | $118.4M | $96.6M | $26.6M | — | $8.2M | $6.9M | — | — | — |
| Operating income | -$29.1M | -$32.1M | -$37.8M | -$26.6M | -$5.2M | — | — | — | — | — |
| Interest expense | $4.2M | $3.9M | $3.1M | $589.0K | $560.4K | $294.7K | $980.9K | $2.9M | $2.1M | $171.6K |
| Pre-tax income | -$33.4M | -$35.8M | -$39.7M | -$27.0M | — | -$26.7M | -$98.4M | — | — | — |
| Income tax | $0 | $0 | $0 | $0 | — | $0 | $0 | — | — | — |
| Net income | -$33.4M | -$35.8M | -$39.7M | -$27.0M | -$5.7M | -$26.7M | -$98.4M | -$26.9M | -$7.3M | -$2.6M |
| EPS, basic | -0.32 | -0.36 | -0.45 | -0.40 | -0.09 | — | — | — | — | — |
| EPS, diluted | -0.32 | -0.36 | -0.45 | -0.40 | — | -0.55 | -2.60 | -0.76 | -0.22 | -0.08 |
| Shares, diluted (wtd. avg.) | $108.8M | $99.8M | $88.4M | $79.5M | $64.9M | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $8.1M | $12.6M | $16.8M | $6.7M | $10.4M | $4.9M | $4.1M | $450.9K | $1.2M | $1.1M |
| Short-term investments | — | — | — | $7.4M | — | — | — | — | — | — |
| Receivables | $1.9M | $2.4M | $3.4M | — | — | $1.0M | $796.8K | $234.3K | $0 | — |
| Inventory | $4.3M | $3.8M | $3.4M | $1.9M | $918.7K | $2.4M | $2.4M | $263.9K | $0 | — |
| Total current assets | $15.4M | $20.4M | $27.3M | $16.3M | $11.4M | $8.3M | $7.4M | $985.0K | $1.3M | $1.2M |
| Property, plant and equipment | $1.3M | $545.3K | $436.6K | $216.0K | $25.7K | $194.9K | $113.6K | $127.5K | $132.6K | $6.0K |
| Goodwill | $16.2M | $16.2M | $16.2M | — | — | — | — | — | — | — |
| Other intangibles | $5.1M | $6.0M | $8.1M | $662.8K | $540.0K | $204.4K | $106.3K | $83.2K | $46.4K | $24.7K |
| Total assets | $57.7M | $65.9M | $76.3M | $43.2M | $12.0M | $10.4M | $12.5M | $8.4M | $11.2M | $1.4M |
| Accounts payable | $16.0M | $13.2M | $12.4M | $1.9M | $996.7K | $1.4M | $1.1M | $807.8K | $1.0M | $107.4K |
| Total current liabilities | $24.6M | $26.1M | $24.2M | $7.4M | $2.6M | $31.6M | $28.8M | $29.2M | $7.6M | $3.0M |
| Long-term debt | $19.3M | $20.1M | $18.3M | $6.6M | $7.2M | $3.7M | $3.4M | — | $995.0K | $816.4K |
| Total liabilities | $57.3M | $56.8M | $60.1M | $35.0M | $12.1M | $35.1M | $40.2M | $41.1M | $20.6M | $3.8M |
| Retained earnings | -$216.3M | -$181.8M | -$145.8M | -$106.1M | -$74.3M | -$168.1M | -$141.2M | -$42.7M | -$15.8M | -$8.5M |
| Total equity | -$4.6M | $4.1M | $16.2M | $7.9M | -$3.4M | -$70.4M | -$72.1M | -$32.7M | -$9.4M | -$2.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$13.3M | -$18.3M | -$13.0M | -$13.8M | -$4.6M | -$4.3M | -$6.2M | -$3.8M | -$1.8M | -$685.7K |
| Depreciation and amortisation | $238.2K | $68.0K | $93.7K | $70.8K | $42.0K | $50.9K | $26.5K | $22.5K | $17.3K | $262 |
| Stock-based compensation | $13.6M | $13.5M | — | $14.0M | $1.5M | — | — | — | — | — |
| Capital expenditure | — | — | — | $312.7K | — | — | — | — | — | — |
| Investing cash flow | -$1.9M | -$1.7M | $3.2M | -$8.1M | -$179.2K | -$241.7K | -$43.7K | -$59.5K | -$168.5K | -$6.0K |
| Financing cash flow | $9.8M | $13.1M | $22.7M | $20.9M | $12.9M | $5.3M | $9.9M | $3.0M | $2.1M | $1.8M |
| Dividends paid | $1.0M | — | — | $38.1K | $129.5K | $149.7K | $31.0K | — | — | — |
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 0001493152-26-022776.
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