SKYX Platforms (NASDAQ:SKYX) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

SKYX Platforms (NASDAQ:SKYX) released its earnings results on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01), Zacks reports. The company had revenue of $24.94 million for the quarter, compared to analyst estimates of $25.12 million.

Here are the key takeaways from SKYX Platforms’ conference call:

• Record revenue and improved margins — Q4 revenue was $25M and full-year 2025 revenue $92M (vs. $86M in 2024) with gross profit up to $28M and gross margin rising to 30%, operating cash used fell to $13M and the company raised $29M in Q1 2026.
• New product rollouts and retail distribution — the SkyFan & Turbo Heater launched across the company’s 60 e-commerce sites and is listed with major retailers (Home Depot, Target, Lowe’s, Walmart), with strong early reception and plans for larger sizes and additional designs.
• Smart/AI initiatives — SKYX joined the NVIDIA AI Ecosystems Connect Program, plans an All‑In‑One Smart Platform/hub targeted for Q3 2026, and will deploy an AI-driven e‑commerce tool in 2026 aimed at improving conversion rates (management cites up to +30%).
• Safety standardization and large project pipeline — management says it is near mandatory code adoption for its ceiling receptacle technology, expects participation in multiple large U.S. and international projects and estimates potential to deploy >1 million units across announced projects (company timing and outcomes remain subject to execution and approvals).

SKYX Platforms Trading Down 23.4%

SKYX opened at $1.20 on Friday. The company has a fifty day moving average price of $2.09 and a two-hundred day moving average price of $1.88. SKYX Platforms has a 1-year low of $0.88 and a 1-year high of $3.29. The company has a market cap of $145.20 million, a P/E ratio of -3.85 and a beta of -3,941.08.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SKYX shares. Lake Street Capital assumed coverage on SKYX Platforms in a research report on Thursday, March 5th. They issued a “buy” rating and a $5.00 price objective for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SKYX Platforms in a research note on Thursday, January 22nd. Finally, Roth Mkm reiterated a “buy” rating and issued a $5.00 target price (up from $4.25) on shares of SKYX Platforms in a report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $5.00.

SKYX Platforms News Roundup

Here are the key news stories impacting SKYX Platforms this week:

• Positive Sentiment: Company reported record revenue trends — Q4 revenue ~ $25M and eight consecutive quarters of year‑over‑year growth; FY‑2025 revenue reported at $92M (up from $86M), and gross profit improved. GlobeNewswire: Record Quarter
• Positive Sentiment: Commercial momentum and product expansion: launches (SKYFAN, Turbo Heater), retail placement (major U.S. retailers named), a partnership with NVIDIA’s AI Ecosystem Connect, and company claims it expects to deploy >1M smart‑home units across U.S. and global projects in 2026 — potential revenue and recurring services upside if deployments materialize. MSN: Deployment Plans
• Neutral Sentiment: Management commentary and full Q4 earnings call transcript are available for details on guidance, margin drivers and the path to cash‑flow positive; investors should review the call for near‑term bookings and timing of large project rollouts. Seeking Alpha: Earnings Call Transcript
• Negative Sentiment: Q4 results missed near‑term estimates: EPS ~ -$0.08 vs consensus ~ -$0.06 and revenue slightly below estimates (~$24.9M vs ~$25M+ expected). Operating loss and net loss widened; cash from operations remains negative. These misses and cash depletion are key reasons for the stock weakness. Zacks: Q4 Loss, Misses Estimates
• Negative Sentiment: Balance‑sheet & cash concerns: cash and equivalents declined materially year‑over‑year (~$8M reported), operating cash used remains negative; these raise near‑term financing and runway questions despite recent capital raises. QuiverQuant: Stock Falls on Earnings

Institutional Trading of SKYX Platforms

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in SKYX Platforms by 685.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 264,724 shares of the company’s stock worth $302,000 after buying an additional 231,000 shares during the period. Jane Street Group LLC grew its stake in SKYX Platforms by 258.5% in the first quarter. Jane Street Group LLC now owns 190,265 shares of the company’s stock valued at $217,000 after acquiring an additional 137,193 shares during the period. Geode Capital Management LLC increased its holdings in shares of SKYX Platforms by 96.9% during the second quarter. Geode Capital Management LLC now owns 1,460,777 shares of the company’s stock valued at $1,527,000 after acquiring an additional 718,712 shares in the last quarter. New York State Common Retirement Fund bought a new stake in shares of SKYX Platforms during the second quarter valued at approximately $82,000. Finally, Invesco Ltd. bought a new stake in shares of SKYX Platforms during the second quarter valued at approximately $34,000. 11.79% of the stock is owned by institutional investors.

About SKYX Platforms

SKYX Platforms (NASDAQ:SKYX) provides comprehensive maintenance, repair and overhaul (MRO) services and operational support for commercial unmanned aerial systems (UAS). Through its digital platform, the company streamlines the booking, tracking and management of drone maintenance events, ensuring that operators maintain compliance with aviation regulations and industry best practices. SKYX Platforms’ offering is designed to reduce downtime, improve safety and extend the service life of UAS fleets across a wide range of applications.

The company’s service portfolio includes scheduled and unscheduled maintenance, component repair, spare parts provisioning, firmware and software updates, and field support.