SKYX Platforms (NASDAQ:SKYX) Issues Earnings Results

SKYX Platforms (NASDAQ:SKYX) released its quarterly earnings results on Wednesday. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01), FiscalAI reports. The company had revenue of $25.27 million for the quarter, compared to analyst estimates of $24.07 million.

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

• Revenue rose 14% sequentially to a record $25.3 million in Q2 2026, marking the company’s tenth consecutive quarter of year-over-year growth. Gross profit increased 4% year over year to $7.3 million.
• SKYX reported $27.7 million in cash and cash equivalents and reduced quarterly operating cash use by 39% to $3.7 million; management believes it has sufficient liquidity to become cash-flow positive exiting 2026.
• The company is expanding its builder and hotel pipeline, including projects in the U.S., Europe, and other international markets, and expects to deliver more than 100,000 units by the end of 2026. A licensing agreement with Eurofase could support broader distribution and future licensing opportunities.
• Gen-3 smart-home products have reached production-sample testing, but mass production and deliveries depend on U.S., FCC, and other regulatory approvals. Management also cited progress toward mandatory ceiling-receptacle standardization, though timing remains uncertain after a lengthy process.

SKYX Platforms Stock Performance

Shares of SKYX opened at $1.10 on Friday. The stock has a 50 day moving average of $1.12 and a 200 day moving average of $1.41. The company has a current ratio of 1.70, a quick ratio of 1.55 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $147.93 million, a price-to-earnings ratio of -4.07 and a beta of -3,492.86. SKYX Platforms has a 12 month low of $0.95 and a 12 month high of $3.29.

Institutional Trading of SKYX Platforms

Several hedge funds have recently made changes to their positions in SKYX. Vise Technologies Inc. purchased a new stake in shares of SKYX Platforms during the 4th quarter valued at approximately $35,000. Quadrature Capital Ltd raised its stake in SKYX Platforms by 50.5% in the fourth quarter. Quadrature Capital Ltd now owns 22,577 shares of the company’s stock valued at $49,000 after purchasing an additional 7,575 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of SKYX Platforms during the 4th quarter valued at $49,000. Hsbc Holdings PLC bought a new stake in SKYX Platforms during the fourth quarter worth about $61,000. Finally, Invesco Ltd. purchased a new position in shares of SKYX Platforms in the 2nd quarter worth about $34,000. 11.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SKYX has been the topic of several recent analyst reports. Lake Street Capital decreased their target price on shares of SKYX Platforms from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday. Noble Financial upgraded shares of SKYX Platforms to a “strong-buy” rating in a report on Tuesday, May 12th. Wall Street Zen lowered SKYX Platforms from a “hold” rating to a “sell” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of SKYX Platforms in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4.67.

SKYX Platforms Company Profile

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.