SKYX Platforms Corp.
About SKYX Platforms Corp.
SKYX Platforms Corp operates in the business of developing proprietary technology that enables a quick and safe installation of electrical fixtures, such as light fixtures and ceiling fans. Its technology consists of a weight-bearing, fixable socket and a revolving plug for conducting electric power and supporting an electrical appliance attached to a wall or ceiling. The socket is comprised of a nonconductive body that houses conductive rings connectable to an electric power supply through terminals in its side exterior. The plug is also comprised of a nonconductive body that houses corresponding conductive rings, attaches to the socket via a male post, and is capable of feeding electric power to an appliance. It generates its income from lighting and heating products sold in the USA.
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Financial summary
- Revenue FY2025
- $92.0M
- Net income
- -$33.4M
- Total assets
- $57.7M
- Market cap
- $143.9M
- Gross margin
- 30.3%
- Operating margin
- -31.6%
- Net margin
- -36.3%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $92.0M
- Cost of revenue
- $64.2M
- Gross profit
- $27.8M
- Operating expenses
- $56.9M
- Operating income
- -$29.1M
- Income tax
- $0
- Net income
- -$33.4M
- EPS (basic)
- $-0.32
- EPS (diluted)
- $-0.32
Balance sheet
- Total assets
- $57.7M
- Current assets
- $15.4M
- Total liabilities
- $57.3M
- Current liabilities
- $24.6M
- Shareholders’ equity
- -$4.6M
Cash flow
- Operating cash flow
- -$13.3M
- Investing cash flow
- -$1.9M
- Financing cash flow
- $9.8M
- Net cash flow
- -$5.4M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $143.9M
- EPS (diluted)
- $-0.32
- Shares outstanding
- 137.0M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Jul 21, 2015
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Reported a net loss of $33.4M in FY2025.
- Revenue grew 287234% from FY2022 to FY2025.
- Gross margin of 30.3%, net margin -36.3%.
- Trading 66% below its 52-week high.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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