SKYX Platforms Corp. financial data

Symbol
SKYX on Nasdaq
Industry
Electric Lighting & Wiring Equipment
Location
2855 W. Mcnab Road, Pompano Beach, FL
State of incorporation
FL
Fiscal year end
December 31
Former names
SQL Technologies Corp. (to 6/14/2022), Safety Quick Lighting & Fans Corp. (to 7/20/2016)
Latest financial report
10-K - Q4 2024 - Mar 24, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 79 % -27.7%
Quick Ratio 14.9 % -8.85%
Debt-to-equity 772 % +119%
Return On Equity -211 % +29.7%
Return On Assets -52.2 % +6.67%
Operating Margin -37.2 % +42.1%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 104M shares +7.85%
Common Stock, Shares, Outstanding 103M shares +10.6%
Entity Public Float 70.5M USD -60%
Common Stock, Value, Issued 180M USD +11%
Weighted Average Number of Shares Outstanding, Basic 99.8M shares +12.9%
Weighted Average Number of Shares Outstanding, Diluted 99.8M shares +12.9%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 86.3M USD +46.8%
Cost of Revenue 59.1M USD +135%
Selling and Marketing Expense 25.4M USD +34.8%
General and Administrative Expense 8.17M USD +8.68%
Operating Income (Loss) -32.1M USD +15.1%
Nonoperating Income (Expense) -3.66M USD -91.7%
Net Income (Loss) Attributable to Parent -35.8M USD +9.98%
Earnings Per Share, Basic -0.36 USD/shares +20%
Earnings Per Share, Diluted -0.36 USD/shares +20%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 12.6M USD -24.8%
Accounts Receivable, after Allowance for Credit Loss, Current 2.42M USD -28.6%
Inventory, Net 3.79M USD +10.5%
Assets, Current 20.4M USD -25.4%
Property, Plant and Equipment, Net 1.35M USD +209%
Operating Lease, Right-of-Use Asset 19.8M USD -6.9%
Goodwill 16.2M USD 0%
Other Assets, Noncurrent 205K USD 0%
Assets 65.9M USD -13.7%
Contract with Customer, Liability, Current 1.5M USD +1.38%
Liabilities, Current 26.1M USD +8.03%
Operating Lease, Liability, Noncurrent 20.4M USD -8.49%
Liabilities 56.8M USD -5.47%
Accumulated Other Comprehensive Income (Loss), Net of Tax -4.65K USD
Retained Earnings (Accumulated Deficit) -182M USD -24.7%
Stockholders' Equity Attributable to Parent 4.05M USD -75%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 4.05M USD -75%
Liabilities and Equity 65.9M USD -13.7%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -6.18M USD -50.1%
Net Cash Provided by (Used in) Financing Activities 3.6M USD -65.3%
Net Cash Provided by (Used in) Investing Activities -53.6K USD +68.4%
Common Stock, Shares Authorized 500M shares 0%
Common Stock, Shares, Issued 103M shares +10.6%
Common Stock, Par or Stated Value Per Share 0 USD/shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -2.64M USD -144%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 15.5M USD -30.9%
Interest Paid, Excluding Capitalized Interest, Operating Activities 642K USD -9.84%
Deferred Tax Assets, Valuation Allowance 34.7M USD +40.4%
Depreciation 30.3K USD +36.9%
Payments to Acquire Property, Plant, and Equipment 53.6K USD +17432%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -36M USD +9.3%
Lessee, Operating Lease, Liability, to be Paid 22.7M USD -5.95%
Property, Plant and Equipment, Gross 2.09M USD +88.6%
Operating Lease, Liability, Current 2.35M USD +23.8%
Lessee, Operating Lease, Liability, to be Paid, Year Two 2.36M USD +11.2%
Lessee, Operating Lease, Liability, to be Paid, Year One 2.35M USD +23.8%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 0%
Lessee, Operating Lease, Liability, to be Paid, Year Three 2.29M USD -2.91%
Deferred Tax Assets, Operating Loss Carryforwards 30.7M USD +30.3%
Lessee, Operating Lease, Liability, to be Paid, Year Four 2.47M USD +8.01%
Operating Lease, Payments 506K USD +144%
Amortization of Intangible Assets 514K USD +3490%
Interest Expense 3.17M USD +158%