SKYX Platforms Corp. (SKYX)

NASDAQ: SKYX · IEX Real-Time Price · USD
1.215
-0.015 (-1.22%)
Feb 28, 2024, 3:21 PM EST - Market open
-1.22%
Market Cap 118.89M
Revenue (ttm) 36.62M
Net Income (ttm) -32.34M
Shares Out 92.17M
EPS (ttm) -0.44
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 172,098
Open 1.240
Previous Close 1.230
Day's Range 1.180 - 1.258
52-Week Range 1.180 - 3.960
Beta -2,719.13
Analysts Strong Buy
Price Target 6.00 (+393.83%)
Earnings Date Apr 1, 2024

About SKYX

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 " universal power-plug... [Read more]

Sector Industrials
IPO Date Feb 10, 2022
Employees 29
Stock Exchange NASDAQ
Ticker Symbol SKYX
Full Company Profile

Financial Performance

In 2022, SKYX Platforms's revenue was $32,022, a decrease of -25.72% compared to the previous year's $43,109. Losses were -$31.80 million, 442.7% more than in 2021.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for SKYX stock is "Strong Buy." The 12-month stock price forecast is $6.0, which is an increase of 393.83% from the latest price.

Price Target
$6.0
(393.83% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

SKYX Will Be a Main Event Starting Tomorrow at The World Leading Builder Show (IBS - NAHB) in Las Vegas

As SKYX Continues to Enhance Market Penetration of its Advanced and Smart Platform Technologies, it willOfficially Launch its patented technologies to the Builder Segments at IBS Opening Tomorrow, Feb...

2 days ago - Accesswire

SKYX Announces Product Collaboration With World Leading Lighting Company Kichler for the Builder Segment as SKYX Continues to Enhance its Market Penetration

SKYX will Feature its Advanced and Smart Plug & Play Technology on Kichler's High-End Designed Light Fixtures and Ceiling Fans at the Upcoming International Builders' Show (IBS) for the Builder, Profe...

3 months ago - Accesswire

SKYX Reports Record Sales of $21.6 Million for Third Quarter 2023 as it Continues to Enhance its Penetration and Sales of its Advanced, Safe and Smart Plug & Play Platform Technology Products

MIAMI, FL / ACCESSWIRE / November 13, 2023 / SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a SKYX Technologies) (the "Company" or "SKYX"), a highly disruptive platform technology company with 77 pending and...

3 months ago - Accesswire

SKYX Platforms Corp. to Host Investor Update Call Today, Monday, November 13th at 4:30 p.m. Eastern Time

MIAMI, FL / ACCESSWIRE / November 13, 2023 / SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a "SKYX Technologies") a highly disruptive platform technology company with over 77 pending and issued patents glob...

3 months ago - Accesswire

SKYX Platforms Corp. to Host Investor Update Call on Monday, November 13th at 4:30 p.m. Eastern Time

MIAMI, FL / ACCESSWIRE / November 10, 2023 / SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a "SKYX Technologies") a highly disruptive platform technology company with over 77 pending and issued patents glob...

3 months ago - Accesswire

SKYX Advanced and Smart Home Technology to be Included in All of IBS' Homes of the Future at Upcoming International Builders' Show (IBS - NAHB) in Las Vegas

As SKYX Continues to Enhance its Market Penetration, it will be a Main Event at the Largest Annual Construction Show in the World, Showcasing its Variety of Patented, Game-Changing Smart Home Platform...

3 months ago - Accesswire

SKYX to be a Main Event at TheRealDeal Real-Estate Publication Showcase & Developers Forum in South Florida

As SKYX Continues to Enhance its Market Penetration, it will Showcase its Patented Game-Changing Smart Home Platform Technology to Over 4,000 High-End Real-Estate Developers and Industry Professionals...

4 months ago - Accesswire

SKYX Signs Agreement to Supply 1,000 Homes With its Advanced Smart Home Platform Technology Products

SKYX Patented Technology Will Enable Developer to Make Smart Homes Instantly SKYX is Expected to Deliver 30,000 Units Representing a Variety of its Advanced and Smart Platform Technology Products to T...

4 months ago - Accesswire

SKYX Continues to Enhance Market Penetration Announcing a Collaboration with U.S. Leading Lighting Manufacturer QUOIZEL

QUOIZEL Was Established Nearly 100 Years ago and is a Main Lighting Supplier to Leading U.S. Retail and E-commerce Companies The Collaboration will Include SKYX Advanced Smart and Standard Products fo...

5 months ago - Accesswire

SKYX Provides Business Update Including 5 Additional Patents Issued in the U.S. and International Markets

The 5 Issued Utility Patents are in Addition to the 3 Issued Patents Announced Two Weeks Ago MIAMI, FL / ACCESSWIRE / September 21, 2023 / (NASDAQ:SKYX) (d/b/a "SKYX Technologies"), a highly disruptiv...

5 months ago - Accesswire

SKYX Announces Lenny Sokolow Joins the Company as Co-CEO

Mr. Sokolow, Former CEO of Newbridge Securities and Former President of National Securities, Has joined SKYX to Enhance U.S. and Global Institutional Awareness of the Company's Unique Growth Opportuni...

6 months ago - Accesswire

SKYX Files for a Mandatory Safety Standardization with the National Electrical Code (NEC) for Its Outlet Receptacle for Ceilings in Homes and Buildings

As Part of Its Application the Company Has Provided Significant Data Related to Hazardous Incidents with Electrical Wire Installations. SKYX's Ceiling Outlet Receptacle Platform Enables a Safer, Fast,...

6 months ago - Accesswire

SKYX Announces Issuance of Three New U.S. and International Patents for Its All-In-One Smart Modular Platform Technology

SKYX's Robust Patent Portfolio Now Totals 72 Patent and Pending Applications with 18 Issued Patents New Patents Issued Cover the SKYX All-In-One Smart Modular Platform, Which Includes Smart Home Techn...

6 months ago - Accesswire

SKYX Signs Agreement with World Leading Architect Product Material Supply Company, Material Bank, with Over 100,000 Customers

A Major Step to Enhance Market Penetration into Professional Segments SKYX Will Now Market Its Ceiling Smart Plug and Play Platform Products to Builders, Designers and 96,000 Architects Through Materi...

6 months ago - Accesswire

SKYX Reports Second Quarter 2023 Financial Results with $15 Million in Sales Reflecting a Partial Quarter Including Sales of its Safe Plug & Play Products

Company Sequentially Reduces Net Cash Used in Operating Activities to $2.5 Million MIAMI, FL / ACCESSWIRE / August 9, 2023 / (NASDAQ:SKYX) (d/b/a "Sky Technologies"), a highly disruptive platform tech...

7 months ago - Accesswire

SKYX Platforms Corp. to Host Investor Update Call on Wednesday, August 9th at 10:30 a.m. Eastern Time

MIAMI, FL / ACCESSWIRE / August 4, 2023 / SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a "Sky Technologies"), a highly disruptive platform technology company with over 60 issued and pending patents globall...

7 months ago - Accesswire

SKYX Announces Over $14 Million (unaudited) In Sales for Partial Second Quarter, Including Sales of Its Plug & Play Products That Are Now Sold on 16 US and Canadian Leading Websites

The Company Will Conduct an Investor Update Call on August 9 at 10:30am EST to Discuss its Progress and Growing Sales of its Plug & Play Smart and Standard Products, Financials, as Well as its Continu...

7 months ago - Accesswire

Former Microsoft Global AI Leader and Head of Global Sales Khadija Mustafa Joins SKYX as Senior Tech, AI, and Global Business Advisor

Ms. Mustafa's Career Spans over 23 Years at Microsoft, Where She Served as Head of Global Sales Serving Over 80 Countries, Customers & Partner Ecosystem in the Industrial Metaverse, Cloud and AI Divis...

7 months ago - Accesswire

American Lighting Association (ALA) Former President and CEO Eric Jacobson Joins SKYX as Senior Product Standardization Advisor

Jacobson Served as President and CEO of the ALA for Nearly 30 Years, Now Transitioning to SKYX to Assist with the Standardization of the Safe, Advanced Plug-and-Play Ceiling Outlet - Replacing the Old...

9 months ago - Accesswire

SKYX Set to Join Russell 2000(R) and Russell 3000(R) Indexes

MIAMI, FL / ACCESSWIRE / May 23, 2023 / SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a "Sky Technologies") SKYX, a highly disruptive platform technology company with over 60 issued and pending patents glob...

10 months ago - Accesswire

SKYX Reports First Quarter 2023 Financial Results

MIAMI, FL / ACCESSWIRE / May 12, 2023 / SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a "Sky Technologies") ("SKYX," "we," or the "Company"), a highly disruptive platform technology company with over 60 iss...

10 months ago - Accesswire

SKYX Now Owns Nearly Half of U.S. Lighting Websites After Closing Strategic Acquisition of a Company with $88M in Revenues and $4.3M in EBITDA in 2022

SKYX website portfolio now spans 64 websites for lighting and home décor products - including most leading U.S. lighting brands Acquisition expected to accelerate SKYX's go-to-market for its plug and ...

10 months ago - Accesswire

Former President of Worldwide Operations of Walt Disney Parks and Resorts Al Weiss Has Joined SKYX as a Senior Business Development Advisor

While serving as President of Worldwide Operations of Walt Disney Parks and Resorts, he oversaw Disney's worldwide amusement parks, hotels-resorts, cruise lines, as well as products and experiences MI...

11 months ago - Accesswire

SKYX Reports Fiscal Year 2022 Financial Results

SKYX Signed Acquisition Agreement of a Lighting and Home Décor eCommerce Company with 64 Websites and $86 Million in Revenues that Positions SKYX's Plug & Play and Smart Products for Widescale Adoptio...

11 months ago - Accesswire

SKYX Acquires a $5 Million Revenue Strategic, Profitable E-Commerce Lighting Website

This Acquisition is in Addition to SKYX's Recent Agreement to Acquire Strategic Lighting and Décor Conglomerate with $86 Million in Revenues, Funded by Two of SKYX's Existing, Leading Investors MIAMI,...

1 year ago - Accesswire