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SKYX Platforms Corp. provides a series of safe-smart platform technologies in the United States. Its first and second-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed and plugged into a ceiling's electrical outlet box. The company also provides universal power-plugs and receptacle products. In addition, it offers smart products, such as SkyHome App; sky smart universal power-plug and receptacle; sky-smart plug and play ceiling fans and lightings; and all-in-one smart sky platform. SKYX Platforms Corp. was formerly known as SQL Technologies Corp. and changed its name to SKYX Platforms Corp. in June 2022. The company was incorporated in 2004 and is based in Pompano Beach, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $92M | $-25M | $-33M | $-15M | -8118.2% | 6.6% | - |
| 2024 | $86M | $-28M | $-36M | $-19M | -395.1% | 46.8% | - |
| 2023 | $59M | $-34M | $-40M | $-13M | -244.9% | 183479.3% | - |
| 2022 | $0M | $-26M | $-27M | $-14M | -333.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 0.03 | 58.79 | 86.28 | 92.01 |
| Cost Of Revenue | 0.02 | 40.75 | 61.68 | 64.17 |
| Gross Profit | 0.01 | 18.04 | 24.59 | 27.84 |
| Operating Expense | 26.64 | 55.86 | 56.71 | 56.95 |
| Operating Income | -26.63 | -37.83 | -32.11 | -29.11 |
| EBITDA | -25.56 | -33.74 | -27.65 | -24.79 |
| EBIT | -26.45 | -36.62 | -31.71 | -29.11 |
| Pretax Income | -27.04 | -39.73 | -35.77 | -33.42 |
| Net Income | -27.07 | -39.73 | -35.77 | -33.42 |
| Net Income Common Stockholders | -31.80 | -39.73 | -35.98 | -34.47 |
| Total Expenses | 26.66 | 96.61 | 118.39 | 121.12 |
| Interest Expense | 0.59 | 3.11 | 4.06 | 4.30 |
| Interest Income | 0 | 0 | 0 | 0 |
| Selling General And Administration | 26.64 | 55.86 | 56.71 | 56.95 |
| Normalized EBITDA | -25.74 | -34.94 | -28.05 | -24.79 |
| Normalized Income | -27.25 | -40.93 | -36.17 | -33.42 |
| Basic EPS | -0.40 | -0.45 | -0.36 | 0 |
| Diluted EPS | -0.40 | -0.45 | -0.36 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Total Unusual Items | 0.18 | 1.20 | 0.40 | 0 |
| Total Unusual Items Excluding Goodwill | 0.18 | 1.20 | 0.40 | 0 |
| Net Income From Continuing Operation Net Minority Interest | -27.07 | -39.73 | -35.77 | -33.42 |
| Reconciled Depreciation | 0.88 | 2.89 | 4.07 | 4.32 |
| Reconciled Cost Of Revenue | 0.02 | 40.75 | 61.68 | 64.17 |
| Net Interest Income | -0.59 | -3.11 | -4.06 | -4.30 |
| Net Income From Continuing And Discontinued Operation | -27.07 | -39.73 | -35.77 | -33.42 |
| Total Operating Income As Reported | -26.63 | -37.83 | -32.11 | -29.11 |
| Diluted Average Shares | 79.49 | 88.37 | 99.77 | 0 |
| Basic Average Shares | 79.49 | 88.37 | 99.77 | 0 |
| Diluted NI Availto Com Stockholders | -31.80 | -39.73 | -35.98 | -34.47 |
| Otherunder Preferred Stock Dividend | 4.69 | 0 | 0 | 0 |
| Preferred Stock Dividends | 0.04 | 0 | 0.21 | 1.06 |
| Minority Interests | -0.04 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | -27.04 | -39.73 | -35.77 | -33.42 |
| Net Income Continuous Operations | -27.04 | -39.73 | -35.77 | -33.42 |
| Other Income Expense | 0.18 | 1.20 | 0.40 | 0 |
| Other Non Operating Income Expenses | 0 | 0 | 0 | 0 |
| Special Income Charges | 0.18 | 1.20 | 0.40 | 0 |
| Other Special Charges | -0.18 | -1.20 | -0.40 | 0 |
| Gain On Sale Of Security | 0 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | -0.59 | -3.11 | -4.06 | -4.30 |
| Interest Expense Non Operating | 0.59 | 3.11 | 4.06 | 4.30 |
| Interest Income Non Operating | 0 | 0 | 0 | 0 |
| Selling And Marketing Expense | 7.99 | 18.81 | 25.35 | 25.70 |
| General And Administrative Expense | 18.65 | 37.06 | 31.35 | 31.25 |
| Other Gand A | 18.65 | 37.06 | 31.35 | 31.25 |
| Operating Revenue | 0.03 | 58.79 | 86.28 | 92.01 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| SKYX Platforms Corp.this co. | SKYX | $135M | - | -9.02 | -8118.2% | -6.62 |
| Resources Connection, Inc. | RGP | $140M | - | 0.75 | -92.6% | 11.99 |
| Atlantic International Corp. | ATLN | $140M | - | -3.06 | 185.2% | -5.02 |
| Mammoth Energy Services, Inc. | TUSK | $138M | - | 0.54 | 1.8% | -1.24 |
| The Eastern Company | EML | $134M |
| 22.70 |
| 1.08 |
| 5.7% |
| 9.14 |
| DMC Global Inc. | BOOM | $129M | - | 0.53 | -4.2% | 9.35 |
| Byrna Technologies Inc. | BYRN | $128M | 15.72 | 1.93 | 14.7% | 9.07 |
| JELD-WEN Holding, Inc. | JELD | $123M | - | 1.33 | -673.6% | 29.19 |
| Forrester Research, Inc. | FORR | $121M | - | 0.95 | -94.3% | 3.10 |
| Peer Median | - | 19.21 | 0.85 | -1.2% | 9.11 | |