SKYX SKYX Platforms Corp.
Price Chart
Executive Summary
SKYX reported Q1 2026 revenue of $22M, a 10% YoY increase, but EPS of -$0.08 missed consensus of -$0.06 by 26.3%. Gross margin improved to 30% from 28%, and cash surged to $32M from $10M after a $29M equity raise. The EPS miss and ongoing net losses temper the positive revenue growth and strategic partnership news.
Key Financial Metrics
Actionable Insight
The EPS miss is a negative surprise, but the strong cash position and revenue growth provide a floor. Watch for execution on the Group OTT partnership and progress toward cash flow positive status in H2 2026. The stock may be volatile near-term as the market weighs the miss against the strategic pipeline.
Key Facts
- Q1 2026 revenue of $22M, up 10% YoY from $20M.
- EPS of -$0.08 missed consensus of -$0.06 (26.3% miss).
- Gross profit $7M, up 16% YoY; gross margin 30% vs 28%.
- Cash and equivalents $32M as of March 31, 2026, up from $10M at Dec 31, 2025.
- Raised $29M in straight equity in January 2026 at $2.50 and $2.00 per share.
- Net loss per share improved to -$0.07 from -$0.09 YoY.
- Strategic partnership with European developer Group OTT for hotel deployments.
- Collaboration with NVIDIA AI Ecosystem Connect Program announced.
- Management believes sufficient cash to achieve cash flow positive by end of 2026.
Financial Impact
Revenue beat consensus by ~$0.3M (1.4%), but EPS miss of -$0.02 per share vs estimate
Risk Factors
- Continued net losses and negative adjusted EBITDA despite revenue growth.
- Dependence on large-scale hotel and builder deployments for future revenue acceleration.
- Dilution risk from equity raises ($29M in January 2026 at $2.50/$2.00 per share).
- Uncertainty around safety code standardization timeline and adoption.
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3292316 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 13, 2026
27d ago
|
DEFA14A
| $1.14 $1.16 | ▲ +1.75% | ▲ +2.47% | $1.05 (−7.89%) |
|
May 11, 2026
29d ago
|
8-K
| $1.14 $1.08 | ▼ −5.29% | ▼ −5.36% | $1.05 (−7.49%) |
|
May 11, 2026
29d ago
|
Press Release
| $1.14 $1.08 | ▼ −5.29% | ▼ −5.36% | $1.05 (−7.49%) |
|
May 7, 2026
4w ago
|
Press Release
| $1.46 $1.14 | ▼ −21.92% | ▼ −23.42% | $1.05 (−28.08%) |
|
Apr 22, 2026
6w ago
|
Press Release
| $1.10 $1.03 | ▼ −6.35% | ▼ −6.41% | $1.05 (−4.55%) |
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Apr 1, 2026
10w ago
|
EFFECT
| $1.15 $1.14 | ▲ +0.87% | ▲ +4.63% | $1.05 (+8.70%) |
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Mar 26, 2026
10w ago
|
S-3
| $1.20 $1.14 | ▲ +4.60% | ▲ +8.46% | $1.05 (+12.13%) |
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Mar 10, 2026
13w ago
|
Court Ruling
| $1.95 $1.76 | ▲ +9.74% | ▲ +8.84% | $1.05 (+46.15%) |
US Market Status
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