SKYX Platforms (SKYX)

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SKYX Platforms Corp. develops and commercialises technologies intended to make the installation of ceiling- and wall-mounted electrical products faster, safer, and more standardised. The company’s core platform is built around a weight-bearing electrical socket and a matching plug that can mechanically support fixtures while also transferring power. This design is aimed at products such as light fixtures, ceiling fans, chandeliers, and other appliances that traditionally require hardwiring by an installer.

The company’s technology uses nonconductive socket and plug bodies that contain conductive rings connected to an electrical supply. The plug locks into the socket through a post-style connection and is designed to allow a fixture to be attached, powered, removed, or replaced with less direct handling of wiring. SKYX positions the system as a way to reduce installation complexity and improve safety for consumers, contractors, and property owners.

Alongside its proprietary electrical platform, SKYX generates revenue from the sale of lighting, ceiling fan, heating, and related home-improvement products, primarily in the United States. Its commercial strategy links product sales with broader adoption of its installation technology, targeting residential, commercial, and smart-home markets. For investors, SKYX represents a small-cap building technology and consumer products company whose long-term opportunity depends on product adoption, distribution, regulatory acceptance, and the ability to turn its fixture-installation concept into a widely used standard.

1.11 USD
−0.04 (-3.46%)

Last updated

Market Cap
156M
P/E
P/FCF
P/S
1.66
Enterprise Value
142.09M
Sector
Industry
Address
2855 W. MCNAB ROAD, POMPANO BEACH, FL, 33069
GlobeNewswire Inc.

SKYX Provides Corporate Update including New Product Launches, NVIDIA Collaboration, and $29 Million in Recent Investments from Fundamental Institutions

Feb 19, 2026, 10:00 A.M.
GlobeNewswire Inc.

SKYX Launches its Patented Ceiling Plug & Play SKYFAN & TURBO HEATER in Canada through its Canadian Websites Among Other E-Commerce Platforms

Dec 10, 2025, 09:00 A.M.
GlobeNewswire Inc.

SKYX Signs Agreement with Prominent U.S. and International Real Estate Developers Global Ventures Group to Deploy its Advanced Smart Home Technologies to Buildings and Hotels in Middle East Projects Including Saudi Arabia and Egypt

Oct 30, 2025, 04:00 A.M.
GlobeNewswire Inc.

SKYX Provides Corporate Update Including an Additional $3.25 Million Investment from Leading Investor and Continued Expansion in Builder Segments

Oct 09, 2025, 11:00 A.M.
GlobeNewswire Inc.

PRISM MarketView Features SKYX Platforms Corp. Following Major Miami Project Win and Russell Index Inclusion

May 28, 2025, 13:48 P.M.
GlobeNewswire Inc.

SKYX Announces U.S. Manufacturing Partnership with Prominent Electronic Manufacturer Profab Electronics

Apr 03, 2025, 10:02 A.M.
GlobeNewswire Inc.

SKYX to be a Main Event at TheRealDeal Miami Real-Estate Forum & Developer Showcase Tomorrow November 6

Nov 05, 2024, 09:51 A.M.
GlobeNewswire Inc.

SKYX Announces Production of its New Global Patented Advanced, Smart, Plug & Play Recessed Light - GlobeNewswire

Jul 11, 2024, 09:15 A.M.
GlobeNewswire Inc.

SKYX Announces Issuance of 6 Additional Patents in the U.S. and Globally including China, India, Europe, Canada, and Mexico for its Advanced Smart Plug & Play Ceiling Fan & Heater

Jun 24, 2024, 09:13 A.M.
GlobeNewswire Inc.

SKYX Reports Record First Quarter Sales of $19.0 Million Compared to $18.6 Million for First Quarter 2023 as it Continues to Grow its Market Penetration in the U.S and Canada of its Advanced and Smart Platform Products

May 14, 2024, 16:01 P.M.
GlobeNewswire Inc.

SKYX Collaborates with World Leading Chinese Lighting Supplier and Manufacturer for the US, Chinese, and European Markets as it Continues to Enhance its Market Penetration

Apr 25, 2024, 08:45 A.M.
GlobeNewswire Inc.

SKYX Announces Issuance of 8 Additional New Patents in the U.S. and International including China, Europe and 2 Patents in India, for its Advanced, Smart Home and AI Platform Technologies

Apr 04, 2024, 09:22 A.M.
GlobeNewswire Inc.

SKYX Reports Record Sales of $58.8 Million for 2023 and Fourth Quarter Record Sales of $22.2 Million as it Continues to Enhance its Market Penetration for Both Retail and Pro Segments

Apr 01, 2024, 16:05 P.M.
GlobeNewswire Inc.

SKYX to Participate in the 36th Annual ROTH Conference

Mar 18, 2024, 08:00 A.M.
Seeking Alpha

Stocks To Watch: Inflation Headwinds, Natural Gas Plays And Apple Event

Mar 05, 2022, 10:39 A.M.
Market Cap
156M
Enterprise Value
142.09M
P/E
P/B
8.29
P/S
1.66
EV / EBITDA
-5.68
EV / Sales
1.51
EPS
-0.26
Dividend Yield
0.68%
P/FCF
P/CF
Free Cash Flow
-16.59M
ROE
-184.5%
ROA
-44.55%
Debt / Equity
0.87
Current Ratio
1.7
Quick Ratio
1.55
Cash
1.4
Avg Volume
2.02M
Fundamentals Snapshot Price
1.16

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 22.09M 24.94M 23.89M 23.06M 20.11M
Gross profit 6.63M 7.56M 7.57M 7M 5.71M
Operating income -8.16M -7.11M -6.76M -7.52M -7.71M
EBITDA -6.92M -6.38M -5.46M -6.25M -6.71M
Net income -9.53M -8.2M -7.9M -9.1M -9.27M
Basic EPS -0.07 -0.08 -0.07 -0.08 -0.09
Diluted EPS -0.07 -0.08 -0.07 -0.08 -0.09

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 77.95M 57.72M 58.41M 64.44M 63.17M
Total liabilities 54.12M 57.3M 57.25M 58.75M 58.89M
Total equity 18.82M -4.59M -3.84M 689.94K 4.28M
Cash & equivalents 30.26M 8.05M 7.83M 12.85M 9.44M
Current assets 36.78M 15.4M 16.44M 20.43M 18.25M
Current liabilities 21.58M 24.58M 25.16M 29.04M 28.58M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow -6.01M -1.99M -4.99M -1.99M -4.32M
Investing cash flow -93.98K -1.07M -84.68K -362K -413.37K
Financing cash flow 28.32M 3.29M -756.69K 5.75M 1.54M
Change in cash 22.21M 222.88K -5.83M 3.4M -3.2M
Kind Filing Date Link
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