SKYX - SKYX Platforms Corp. Stock Price, Fair Value and News

0.80USD-0.03 (-3.61%)Delayed as of 26 Apr 2024, 01:00 pm ET

Market Summary

USD0.80-0.03

Delayedas of 26 Apr 2024, 01:00 pm

-3.61%

SKYX Stock Price

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SKYX RSI Chart

SKYX Valuation

Market Cap

80.4M

Price/Earnings (Trailing)

-2.02

Price/Sales (Trailing)

1.37

Price/Free Cashflow

-6.19

SKYX Price/Sales (Trailing)

SKYX Profitability

Operating Margin

30.68%

Return on Equity

-244.96%

Return on Assets

-52.05%

Free Cashflow Yield

-16.17%

SKYX Fundamentals

SKYX Revenue

Revenue (TTM)

58.8M

Rev. Growth (Yr)

152.47%

Rev. Growth (Qtr)

44.27%

SKYX Earnings

Earnings (TTM)

-39.7M

Breaking Down SKYX Revenue

52 Week Range

0.803.96

(Low)(High)

Last 7 days

-7.7%

Last 30 days

-34.9%

Last 90 days

-42.9%

Trailing 12 Months

-76%

How does SKYX drawdown profile look like?

SKYX Financial Health

Current Ratio

1.13

Debt/Equity

0.34

Debt/Cashflow

-2.37

SKYX Investor Care

Shares Dilution (1Y)

16.45%

Diluted EPS (TTM)

-0.49

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	0	0	0	58.8M
2022	0	0	0	0
2021	0	0	0	0
2018	7.7M	8.5M	8.1M	0
2017	7.9M	7.4M	6.9M	7.2M
2016	3.2M	4.3M	5.9M	7.0M
2015	0	0	0	2.9M
2012	0	0	0	0

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of SKYX Platforms Corp.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 05, 2024	boisseau marc andre	sold (taxes)	-19,288	1.08	-17,860	chief financial officer
Apr 04, 2024	shiff dov	acquired	-	-	5,000	-
Apr 04, 2024	greenstein brayer efrat l	acquired	-	-	16,000	-
Apr 04, 2024	golden gary n	acquired	-	-	18,000	-
Apr 04, 2024	dimattia nancy	acquired	-	-	26,500	-
Mar 12, 2024	sokolow leonard j	sold (taxes)	-28,576	1.28	-22,325	co-chief executive officer
Feb 15, 2024	boisseau marc andre	sold (taxes)	-8,205	1.47	-5,582	chief financial officer
Dec 31, 2023	dimattia nancy	acquired	7,499	1.68	4,464	-
Dec 31, 2023	shiff dov	acquired	7,499	1.68	4,464	-
Dec 15, 2023	campi john p.	gifted	-	-	-400,000	co-chief executive officer

Which funds bought or sold SKYX recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 24, 2024	Newbridge Financial Services Group, Inc.	reduced	-9.8	-13,719	38,742	0.02%
Apr 23, 2024	AMALGAMATED BANK	reduced	-76.18	-10,000	3,000	-%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	unchanged	-	-2,900	13,100	-%
Apr 15, 2024	MATRIX ASSET ADVISORS INC/NY	added	333	61,150	85,150	0.01%
Apr 15, 2024	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	reduced	-0.12	-4,655	20,889	-%
Apr 05, 2024	CWM, LLC	new	-	-	-	-%
Mar 11, 2024	VANGUARD GROUP INC	added	4.52	580,936	3,849,920	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	reduced	-16.02	-2,615	46,038	-%
Feb 28, 2024	AMERICAN INTERNATIONAL GROUP, INC.	reduced	-0.4	5,431	49,853	-%
Feb 26, 2024	Virtu Financial LLC	new	-	57,000	57,000	-%

Are Funds Buying or Selling SKYX?

Are funds buying SKYX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SKYX

No. of Funds

Unveiling SKYX Platforms Corp.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Oct 10, 2023	shiff dov	16.5%	15,152,728	SC 13D/A
Jul 07, 2023	kohen ran roland	15.3%	14,859,970	SC 13D/A
Jul 07, 2023	shiff dov	16.5%	15,146,197	SC 13D/A
May 31, 2023	siegelaub steven	4.0%	3,474,988	SC 13G/A
Jan 05, 2023	shiff dov	18.2%	15,134,132	SC 13D/A

Recent SEC filings of SKYX Platforms Corp.

View All Filings

Date Filed	Form Type	Document
Apr 17, 2024	D	D
Apr 17, 2024	8-K	Current Report
Apr 10, 2024	4	Insider Trading
Apr 08, 2024	4	Insider Trading
Apr 05, 2024	D	D
Apr 05, 2024	D	D
Apr 05, 2024	D	D
Apr 05, 2024	4	Insider Trading
Apr 05, 2024	4	Insider Trading
Apr 05, 2024	4	Insider Trading

Peers (Alternatives to SKYX Platforms Corp.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CARR	48.1B	23.0B	3.98%	47.18%	35.87	2.09	9.35%	-48.07%
BLDR	22.6B	17.1B	-10.55%	104.99%	14.66	1.32	-24.77%	-43.97%
HUBB	21.6B	5.4B	-2.72%	54.63%	28.38	4.01	8.59%	39.18%
CSL	18.2B	4.8B	-1.71%	79.63%	23.76	3.77	-14.85%	-16.95%
LECO	13.0B	4.1B	-9.90%	46.08%	23.73	3.14	6.67%	16.79%
MID-CAP
AYI	7.8B	3.9B	-6.08%	64.11%	20.53	2.01	-6.35%	-0.40%
AAON	7.3B	1.2B	3.86%	43.60%	41.29	6.28	31.47%	76.96%
ATKR	6.7B	3.5B	-0.76%	50.37%	10.18	1.91	-10.84%	-25.77%
AEIS	3.5B	1.7B	-4.82%	11.77%	27.29	2.11	-10.27%	-35.75%
PLUG	1.6B	891.3M	-26.40%	-72.02%	-1.18	1.82	27.07%	-89.06%
SMALL-CAP
APOG	1.4B	1.4B	4.60%	47.84%	13.01	0.97	-1.78%	53.96%
ACTG	488.5M	130.3M	-6.50%	32.16%	7.28	3.75	54.06%	153.62%
ACCO	460.4M	1.8B	-12.45%	10.48%	-21.12	0.25	-5.89%	-65.15%
FCEL	379.6M	103.0M	-23.64%	-53.33%	-4.15	3.68	-24.12%	24.29%
APT	70.4M	61.2M	-5.96%	54.14%	16.8	1.15	-1.21%	27.64%

SKYX Platforms Corp. News

Latest updates

SKYX Platforms Corp. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2021Q4	2021Q3	2021Q2	2021Q1	2018Q3	2018Q2	2018Q1	2017Q4	2017Q3	2017Q2	2017Q1	2016Q4	2016Q3	2016Q2	2016Q1	2015Q4
Revenue	2.6%	22,174	21,618	14,984	11,238	7,492	3,746	-	337	675	1,012	2,263	3,138	1,710	1,415	1,415	2,614	1,480	1,932	1,854	1,748	403
Cost Of Revenue	4.2%	15,542	14,917	10,289	1.00	1.00	6.00	-	-	83.00	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-1.0%	6,632	6,700	4,695	9.00	8.00	-63.03	-	-	18.00	83.00	387	709	115	222	222	609	192	338	164	184	121
Operating Expenses	39.5%	18,444	13,222	-	-	9,968	-	-	-	-	2,755	2,856	2,474	2,623	1,919	1,802	1,759	-	-	-	-	-
S&GA Expenses	-142.4%	-2,417	5,703	16,947	7,248	15,718	1,884	1,429	962	868	2,285	2,386	2,005	1,199	1,802	1,170	1,149	-166	1,614	1,509	1,428	2,739
Interest Expenses	-24.1%	503	662	1,219	731	364	135	144	144	137	115	98.00	84.00	83.00	74.00	74.00	58.00	78.00	140	397	366	582
Net Income	-71.4%	-12,315	-7,183	-12,268	-7,970	-4,873	-2,081	-1,563	-1,098	-986	-	-	-1,765	-	-	-	-1,150	-	-	-2,642	387	-
Net Income Margin	-Infinity%	-0.68*	-	-3.79*	-2.85*	-3.33*	-0.71*	-0.67*	-3.29*	-3.29*	-3.29*	-3.13*	-3.48*	-	-	-	-	-	-	-	-	-
Free Cashflow	15.7%	-2,905	-3,448	-2,525	-4,119	-4,166	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2018Q3	2018Q2	2018Q1	2017Q4	2017Q3	2017Q2	2017Q1	2016Q4	2016Q3	2016Q2	2016Q1	2015Q4
Assets	-2.6%	76.00	78.00	80.00	49.00	43.00	48.00	29.00	31.00	12.00	7.00	9.00	11.00	10.00	14.00	15.00	17.00	12.00	15.00	15.00	8.00	8.00
Current Assets	-3.6%	27.00	28.00	29.00	21.00	16.00	20.00	27.00	30.00	11.00	6.00	8.00	9.00	8.00	10.00	11.00	12.00	7.00	10.00	9.00	1.00	1.00
Cash Equivalents	2.0%	17.00	16.00	18.00	15.00	7.00	11.00	25.00	28.00	10.00	3.00	4.00	5.00	5.00	6.00	7.00	8.00	4.00	5.00	5.00	0.00	0.00
Inventory	-36.4%	3.00	5.00	5.00	2.00	2.00	1.00	1.00	1.00	1.00	2.00	2.00	2.00	2.00	3.00	3.00	2.00	2.00	3.00	2.00	0.00	0.00
Net PPE	-26.3%	0.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Goodwill	2.3%	16.00	16.00	15.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities	-1.9%	60.00	61.00	59.00	40.00	35.00	35.00	14.00	13.00	12.00	30.00	38.00	36.00	35.00	49.00	48.00	55.00	40.00	44.00	84.00	40.00	41.00
Current Liabilities	-22.8%	24.00	31.00	32.00	8.00	7.00	6.00	5.00	5.00	3.00	26.00	38.00	36.00	32.00	38.00	37.00	44.00	29.00	32.00	70.00	28.00	29.00
Long Term Debt	-100.0%	-	5.00	5.00	5.00	-	1.00	1.00	1.00	0.00	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-
LT Debt, Non Current	5.1%	6.00	5.00	5.00	5.00	-	1.00	1.00	1.00	0.00	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00
Shareholder's Equity	-4.9%	16.00	17.00	17.00	21.00	8.00	12.00	8.00	8.00	8.00	-	-	-	-	-	-	-	-	-	-	-	-
Retained Earnings	-9.2%	-145	-133	-126	-114	-106	-101	-95.53	-90.88	-74.27	-177	-173	-169	-168	-162	-160	-158	-141	-116	-86.48	-42.32	-42.70
Additional Paid-In Capital	-	-	-	-	-	-	-	-	-	-	89.00	80.00	80.00	80.00	64.00	64.00	58.00	57.00	51.00	6.00	6.00	6.00
Shares Outstanding	1.8%	93.00	92.00	91.00	83.00	83.00	82.00	77.00	73.00	66.00	54.00	54.00	-	-	-	-	-	-	-	-	-	-
Minority Interest	-	-	-	-	-	-	-	-	-	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04
Float	-	-	-	-	-	-	-	108	-	-	-	-	-	-	-	147	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2018Q3	2018Q2	2018Q1	2017Q4	2017Q3	2017Q2	2017Q1	2016Q4	2016Q3
Cashflow From Operations	15.7%	-2,905	-3,448	-2,525	-4,118	-4,111	-3,523	-2,844	-3,358	-1,794	-1,028	-1,040	-764	-5,489	-1,732	-495	-1,122	-1,060	-1,272	-893	-830	-867
Share Based Compensation	97.0%	4,868	2,471	7,675	2,964	3.00	2,763	2,426	8,768	634	491	150	187	-	-	-	-	-	-	-	-	-
Cashflow From Investing	208.5%	130	-119	3,400	-169	-219	-7,491	-105	-239	-28.03	-64.28	-32.26	-54.62	-	-6.36	-25.13	-49.56	-86.84	-74.96	-30.29	-9.98	-3.42
Cashflow From Financing	56.0%	3,095	1,984	7,299	10,349	223	-97.47	65.00	20,740	10,014	167	1,792	950	4,659	959	403	-309	306	806	4,540	-31.70	807
Dividend Payments	-	-	-	-	-	6.00	5.00	7.00	21.00	32.00	33.00	33.00	33.00	-32.55	-32.55	-32.55	-30.46	-33.53	-37.63	-48.11	-	-

SKYX Income Statement

2023-12-31

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Revenue	$ 58,785,762	$ 32,022
Cost of revenues	40,749,913	18,913
Gross profit (loss)	18,035,849	13,109
Selling and marketing expenses	18,805,069	7,991,487
Total expenses, net	55,861,055	26,638,291
Loss from operations	(37,825,206)	(26,625,182)
Other income / (expense)
Interest expense, net	(3,109,307)	(589,009)
Gain on extinguishment of debt	1,201,857	178,250
Other income
Total other expense, net	(1,907,450)	(410,759)
Net loss	(39,732,656)	(27,035,941)
Common stock issued pursuant to antidilutive provisions		4,691,022
Non-controlling interest		35,442
Preferred dividends		38,055
Net loss attributed to common stockholders	(39,732,656)	(31,800,460)
Unrealized loss on debt securities	62,147	(62,147)
Net comprehensive loss attributed to common stockholders	$ (39,670,509)	$ (31,862,607)
Net loss per share - basic	$ (0.45)	$ (0.40)
Net loss per share - diluted	$ (0.45)	$ (0.40)
Weighted average number of common shares outstanding- basic	88,370,852	79,492,181
Weighted average number of common shares outstanding- diluted	88,370,852	79,492,181
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
General and administrative expenses		$ 248,215
Nonrelated Party [Member]
Defined Benefit Plan Disclosure [Line Items]
General and administrative expenses	$ 37,055,986	$ 18,398,589

SKYX Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 16,810,983	$ 6,720,543
Restricted cash	2,750,000
Account receivable, net	3,384,976
Investments, available-for-sale		7,373,956
Inventory	3,425,734	1,923,540
Deferred cost of revenues	224,445
Prepaid expenses and other assets	721,717	311,618
Total current assets	27,317,855	16,329,657
Long-term assets:
Furniture and equipment, net	436,587	215,998
Restricted cash	2,869,270	2,741,054
Right of use assets	21,214,652	23,045,293
Intangibles, definite life	8,141,032	662,802
Goodwill	16,157,000
Other assets	204,807	182,306
Total long-term assets	49,023,348	26,847,453
Total Assets	76,341,203	43,177,110
Current liabilities:
Accounts payable and accrued expenses	12,388,475	1,949,823
Notes payable, current	5,724,129	405,931
Operating lease liabilities, current	1,898,428	1,130,624
Royalty obligations, current	800,000	2,638,000
Consideration payable	730,999
Deferred revenues	1,475,519
Total current liabilities	24,192,550	7,424,378
Long term liabilities:
Long term accrued expenses	744,953
Notes payable	1,016,924	4,867,004
Consideration payable	3,038,430
Operating lease liabilities	22,267,558	22,758,496
Convertible notes	5,758,778
Royalty obligations	3,100,000
Total long-term liabilities	35,926,643	27,625,500
Total liabilities	60,119,193	35,049,878
Commitments and Contingent Liabilities:
Redeemable preferred stock - subject to redemption: $0 par value; 0 and 20,000,000 shares authorized; 0 and 880,400 and 12,376,536 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively		220,099
Stockholders’ Equity (Deficit):
Common stock and additional paid-in capital: $0 par value, 500,000,000 shares authorized; 93,473,433 and 82,907,541 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively	162,025,024	114,039,638
Accumulated deficit	(145,803,014)	(106,070,358)
Accumulated other comprehensive loss		(62,147)
Total stockholders’ equity (deficit)	16,222,010	7,907,133
Non-controlling interest
Total equity (deficit)	16,222,010	7,907,133
Total Liabilities and Stockholders’ Equity (Deficit)	76,341,203	43,177,110
Related Party [Member]
Current liabilities:
Convertible notes	825,000	950,000
Nonrelated Party [Member]
Current liabilities:
Convertible notes	$ 350,000	$ 350,000

About SKYX Platforms Corp.

SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company's first-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed into a ceiling's electrical outlet box; and second-generation technology provides a platform that is designed to enhance safety and lifestyle of homes and other buildings. It provides power-plugs and universal power-plug and receptacle products. In addition, it offers smart products, such as SkyHome App; sky smart Ã‚â€“ universal power-plug and receptacle; sky - smart plug and play ceiling fans and lightings, and all-in-one smart sky platform. The company was formerly known as SQL Technologies Corp. and changed its name to SKYX Platforms Corp. in June 2022. SKYX Platforms Corp. was incorporated in 2004 and is headquartered in Pompano Beach, Florida.

WEBSITE	skyplug.com
INDUSTRY	Communication Equipment
EMPLOYEES	29

SKYX Platforms Corp. Frequently Asked Questions

What is the ticker symbol for SKYX Platforms Corp.? What does SKYX stand for in stocks?

SKYX is the stock ticker symbol of SKYX Platforms Corp.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of SKYX Platforms Corp. (SKYX)?

As of Thu Apr 25 2024, market cap of SKYX Platforms Corp. is 80.4 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SKYX stock?

You can check SKYX's fair value in chart for subscribers.

What is the fair value of SKYX stock?

You can check SKYX's fair value in chart for subscribers. The fair value of SKYX Platforms Corp. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of SKYX Platforms Corp. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SKYX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is SKYX Platforms Corp. a good stock to buy?

The fair value guage provides a quick view whether SKYX is over valued or under valued. Whether SKYX Platforms Corp. is cheap or expensive depends on the assumptions which impact SKYX Platforms Corp.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SKYX.

What is SKYX Platforms Corp.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Apr 25 2024, SKYX's PE ratio (Price to Earnings) is -2.02 and Price to Sales (PS) ratio is 1.37. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SKYX PE ratio will change depending on the future growth rate expectations of investors.