SKYX Platforms Corp. (SKYX)

NASDAQ: SKYX · IEX Real-Time Price · USD
0.832
-0.019 (-2.23%)
At close: Apr 24, 2024, 4:00 PM
0.856
+0.023 (2.79%)
After-hours: Apr 24, 2024, 7:26 PM EDT
-2.23%
Market Cap 80.64M
Revenue (ttm) 58.79M
Net Income (ttm) -39.73M
Shares Out 96.87M
EPS (ttm) -0.45
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 216,840
Open 0.847
Previous Close 0.851
Day's Range 0.810 - 0.870
52-Week Range 0.723 - 3.960
Beta -2,713.33
Analysts Strong Buy
Price Target 6.00 (+620.81%)
Earnings Date May 10, 2024

About SKYX

SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company's first and second-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed and plugged into a ceiling's electrical outlet box. It also provides universal power-plugs and receptacle products. In addition, it offers smart products, such as SkyHome App; sky smart universal power-plug and receptacle; sky-smart plug and play ceiling fans and lightings; and all-in-one smart sky platform. The company was fo... [Read more]

Sector Industrials
IPO Date Feb 10, 2022
Employees 60
Stock Exchange NASDAQ
Ticker Symbol SKYX
Full Company Profile

Financial Performance

In 2023, SKYX Platforms's revenue was $58.79 million, an increase of 183479.30% compared to the previous year's $32,022. Losses were -$39.73 million, 24.9% more than in 2022.

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 620.81% from the latest price.

Price Target
$6.0
(620.81% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

SKYX Reports Record Sales of $58.8 Million for 2023 and Fourth Quarter Record Sales of $22.2 Million as it Continues to Enhance its Market Penetration for Both Retail and Pro Segments

MIAMI, April 01, 2024 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), a highly disruptive platform technology company with 77 pending and i...

23 days ago - GlobeNewsWire

SKYX Continues Enhancing Market Penetration, Collaborating With U.S. Leading Elegant Lighting Company Golden Lighting

Collaboration to Include Smart and Advanced Plug & Play Products for the Online, Builder, Professional and Retail Channels MIAMI, FL / ACCESSWIRE / March 5, 2024 / SKYX Platforms Corp. (NASDAQ:SKYX) (...

7 weeks ago - Accesswire

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 months 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...

5 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...

5 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...

5 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...

5 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...

5 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...

6 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...

6 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...

7 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...

7 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...

8 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,...

8 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...

8 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...

8 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...

9 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...

9 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...

9 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...

9 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...

11 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...

1 year 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...

1 year 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 ...

1 year 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...

1 year ago - Accesswire