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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 | 252.9% | 6.6% | -6.6% |
| 2024 | $86M | $-28M | $-36M | $-19M | 1837.5% | 46.8% | -10.0% |
| 2023 | $59M | $-34M | $-40M | $-13M | -244.9% | 183479.3% | 46.8% |
| 2022 | $0M | $-26M | $-27M | $-14M | -342.4% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 0.03 | 58.79 | 86.28 | 92.01 |
| Operating 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 |
| Selling General And Administration | - | 26.64 | 55.86 | 56.71 | 56.95 |
| Total Expenses | - | 26.66 | 96.61 | 118.39 | 121.12 |
| Operating Income | - | -26.63 | -37.83 | -32.11 | -29.11 |
| Total Operating Income As Reported | - | -26.63 | -37.83 | -32.11 | -29.11 |
| EBITDA | - | -25.56 | -33.74 | -27.65 | -24.79 |
| Normalized EBITDA | - | -25.74 | -34.94 | -28.05 | -24.79 |
| EBIT | - | -26.45 | -36.62 | -31.71 | -29.11 |
| Interest Income | 0 | - | - | - | - |
| Interest Expense | - | 0.59 | 3.11 | 4.06 | 4.30 |
| Net Interest Income | - | -0.59 | -3.11 | -4.06 | -4.30 |
| Other Non Operating Income Expenses | 0.02 | - | - | - | - |
| Other Income Expense | 0.02 | 0.18 | 1.20 | 0.40 | - |
| Interest Income Non Operating | 0 | - | - | - | - |
| Interest Expense Non Operating | - | 0.59 | 3.11 | 4.06 | 4.30 |
| Net Non Operating Interest Income Expense | - | -0.59 | -3.11 | -4.06 | -4.30 |
| Pretax Income | - | -27.04 | -39.73 | -35.77 | -33.42 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | -27.04 | -39.73 | -35.77 | -33.42 |
| Net Income From Continuing And Discontinued Operation | - | -27.07 | -39.73 | -35.77 | -33.42 |
| Net Income From Continuing Operation Net Minority Interest | - | -27.07 | -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 |
| Net Income Including Noncontrolling Interests | - | -27.04 | -39.73 | -35.77 | -33.42 |
| Normalized Income | - | -27.25 | -40.93 | -36.17 | -33.42 |
| Diluted NI Availto Com Stockholders | - | -31.80 | -39.73 | -35.98 | -34.47 |
| Basic Average Shares | 64.94 | 79.49 | 88.37 | 99.77 | - |
| Diluted Average Shares | 64.94 | 79.49 | 88.37 | 99.77 | - |
| Reconciled Depreciation | - | 0.88 | 2.89 | 4.07 | 4.32 |
| Reconciled Cost Of Revenue | - | 0.02 | 40.75 | 61.68 | 64.17 |
| Total Unusual Items | - | 0.18 | 1.20 | 0.40 | 0 |
| Total Unusual Items Excluding Goodwill | - | 0.18 | 1.20 | 0.40 | 0 |
| Preferred Stock Dividends | 0.13 | 0.04 | - | 0.21 | 1.06 |
| Minority Interests | 0 | -0.04 | 0 | - | - |
| Special Income Charges | - | 0.18 | 1.20 | 0.40 | 0 |
| Other Special Charges | -0.01 | -0.18 | -1.20 | -0.40 | - |
| Gain On Sale Of Security | 0.01 | - | - | - | - |
| General And Administrative Expense | - | 18.65 | 37.06 | 31.35 | 31.25 |
| Other Gand A | - | 18.65 | 37.06 | 31.35 | 31.25 |
| Selling And Marketing Expense | - | 7.99 | 18.81 | 25.35 | 25.70 |
| Otherunder Preferred Stock Dividend | 0 | 4.69 | 0 | - | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| SKYX Platforms Corp.this co. | SKYX | $151M | -4.53 | -11.45 | 252.9% | -7.28 |
| HireQuest, Inc. | HQI | $171M | 26.97 | 2.50 | 9.3% | 17.34 |
| RCM Technologies, Inc. | RCMT | $169M | 10.36 | 3.68 | 35.5% | 7.40 |
| NET Power Inc. | NPWR | $164M | - | 0.21 | -283.8% | - |
| Resources Connection, Inc. | RGP | $153M | -0.80 |
| - |
| - |
| - |
| - |
| - |
| 0.74 |
| -92.6% |
| 8.82 |
| Byrna Technologies Inc. | BYRN | $144M | 14.82 | 2.18 | 14.7% | 9.48 |
| DMC Global Inc. | BOOM | $138M | - | 0.57 | -7.4% | 4.79 |
| Forrester Research, Inc. | FORR | $137M | -1.15 | 1.09 | -94.3% | -1.53 |
| The Eastern Company | EML | $130M | 18.27 | 1.05 | 5.7% | 10.55 |
| Peer Median | - | 12.59 | 1.07 | -0.8% | 8.82 | |