Company research
SKYX Platforms Corp.
CIK 1598981Updated Sep 24, 2026
SecuritySKYX · NASDAQ · equity
Historical securities (1)
SQFL · OTC · equity · closed Jan 25, 2022Name history
SQL Technologies Corp. · through Jun 14, 2022Safety Quick Lighting & Fans Corp. · through Jul 20, 2016
SKYX price & chart
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Recent filings
4 filing
D filing
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Unregistered Sales of Equity Securities · Regulation FD Disclosure · Other Events
Items 1.01, 2.03, 3.02, 7.01, 8.01, 9.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 57,715,234Source | 65,887,047Source | 76,341,203Source | 43,177,110Source |
| Property, Plant and Equipment, NetUSD | 1,347,640Source | 1,349,993Source | 436,587Source | 215,998Source |
| GoodwillUSD | 16,157,000Source | 16,157,000Source | 16,157,000Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 8,052,621Source | 12,639,441Source | 16,810,983Source | 6,720,543Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,891,488Source | 2,415,314Source | 3,384,976Source | — |
| Inventory, NetUSD | 4,250,168Source | 3,785,346Source | 3,425,734Source | 1,923,540Source |
| Assets, CurrentUSD | 15,400,916Source | 20,374,450Source | 27,317,855Source | 16,329,657Source |
| Operating Lease, Right-of-Use AssetUSD | 17,502,685Source | 19,750,030Source | 21,214,652Source | 23,045,293Source |
| Other Assets, NoncurrentUSD | 205,044Source | 204,807Source | 204,807Source | 182,306Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 57,303,620Source | 56,833,619Source | 60,119,193Source | 35,049,878Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 203,046,051Source | 179,837,253Source | 162,025,024Source | 114,039,638Source |
| Retained Earnings (Accumulated Deficit)USD | -216,258,604Source | -181,783,825Source | -145,803,014Source | -106,070,358Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | — | — | — | -62,147Source |
| Stockholders' Equity Attributable to ParentUSD | -4,588,386Source | 4,053,428Source | 16,222,010Source | 7,907,133Source |
| Liabilities and EquityUSD | 57,715,234Source | 65,887,047Source | 76,341,203Source | 43,177,110Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 24,578,022Source | 26,135,511Source | 24,192,550Source | 7,424,378Source |
| Operating Lease, Liability, CurrentUSD | 2,589,994Source | 2,350,868Source | 1,898,428Source | 1,130,624Source |
| Operating Lease, Liability, NoncurrentUSD | 17,791,453Source | 20,376,498Source | 22,267,558Source | 22,758,496Source |
| Additional Financial Items | ||||
| Deferred Revenue, CurrentUSD | — | — | 1,475,519Source | — |
| Long-term DebtUSD | 19,335,843Source | 20,107,705Source | 18,266,053Source | 6,572,935Source |
| Short-term InvestmentsUSD | — | — | — | 7,373,956Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 13,560,580Source | — | — | 13,959,796Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -523,826Source | -969,662Source | 863,217Source | — |
| Increase (Decrease) in InventoriesUSD | 464,823Source | 359,612Source | -283,911Source | 1,004,889Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -13,291,059Source | -18,260,370Source | -12,998,073Source | -13,838,445Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | 750,000Source | 4,206,200Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,932,873Source | -1,731,428Source | 3,240,097Source | -8,056,417Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | 312,689Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 9,826,058Source | 13,062,040Source | 22,726,632Source | 20,930,211Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -5,397,874Source | -6,929,758Source | 12,968,656Source | -964,651Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 10,102,621Source | 15,500,495Source | 22,430,253Source | 9,461,597Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 3,872,214Source | 3,281,597Source | 1,094,458Source | 303,957Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | — | 13,474,433Source | 17,977,252Source | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | 1,113,996Source | 1,211,974Source | 1,365,789Source | — |
| Amortization of Intangible AssetsUSD | 1,834,804Source | 1,832,568Source | 1,092,876Source | 51,634Source |
| DepreciationUSD | 238,188Source | 68,022Source | 93,693Source | 70,767Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | 400,000Source | 1,201,857Source | 178,250Source |
| General and Administrative ExpenseUSD | 31,246,804Source | 31,353,009Source | — | — |
| GoodwillUSD | 16,157,000Source | 16,157,000Source | 16,157,000Source | — |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | — |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | 0Source | — |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | — | 1,118,750Source | — | — |
| Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | — |
| InterestExpenseNonoperatingUSD | 4,183,728Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -33,415,604Source | -35,768,144Source | -39,732,656Source | -27,035,941Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -34,474,779Source | -35,980,811Source | -39,732,656Source | -31,800,460Source |
| Nonoperating Income (Expense)USD | -4,303,214Source | -3,655,905Source | -1,907,450Source | -410,759Source |
| Operating ExpensesUSD | — | 118,389,115Source | 55,861,055Source | — |
| Proceeds from Issuance of Common StockUSD | 5,584,390Source | 4,426,222Source | 9,820,846Source | 23,100,000Source |
| Proceeds from Stock Options ExercisedUSD | 420,000Source | — | — | 862,301Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 92,009,949Source | 86,276,876Source | 58,785,762Source | 32,022Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | — | — | — | 26,390,076Source |
| Operating Income (Loss)USD | -29,112,390Source | -32,112,239Source | -37,825,206Source | -26,625,182Source |
| Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | — |
| Net Income (Loss) Attributable to ParentUSD | -33,415,604Source | -35,768,144Source | -39,732,656Source | -27,035,941Source |
| Earnings Per Share, BasicUSD per share | -0.32Source | -0.36Source | -0.45Source | -0.4Source |
| Earnings Per Share, DilutedUSD per share | -0.32Source | -0.36Source | -0.45Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 108,757,074Source | 99,766,866Source | 88,370,852Source | 79,492,181Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 108,757,074Source | 99,766,866Source | 88,370,852Source | — |
| Interest Expense (non-operating)USD | 4,183,728Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,834,804Source | 1,832,568Source | 1,092,876Source | 51,634Source |
| Costs and ExpensesUSD | 121,122,339Source | — | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 4,320,338Source | 4,066,957Source | 2,885,856Source | 883,231Source |
| General and Administrative ExpenseUSD | 31,246,804Source | 31,353,009Source | — | — |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | — |
| Gross ProfitUSD | — | — | 18,035,849Source | 13,109Source |
| Interest ExpenseUSD | — | — | 3,109,307Source | 589,009Source |
| Interest Expense, DebtUSD | 1,747,055Source | 4,055,905Source | 3,109,307Source | 366,330Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -34,474,779Source | -35,980,811Source | -39,732,656Source | -31,800,460Source |
| Nonoperating Income (Expense)USD | -4,303,214Source | -3,655,905Source | -1,907,450Source | -410,759Source |
| Operating ExpensesUSD | — | 118,389,115Source | 55,861,055Source | — |
| Preferred Stock Dividends and Other AdjustmentsUSD | 979,175Source | — | — | 38,055Source |
| Selling and Marketing ExpenseUSD | 25,701,665Source | 25,353,172Source | 18,805,069Source | — |
Filing attachments
ex99-1.htm · 8-K · 2026-09-10
EX-99.1 4 ex99-1.htm EX-99.1 Exhibit 99.1 SKYX Signs Merger with Leading U.S. AI Smart Home Silicon Valley Backed Company Deako, Aiming to Lead the Smart Home, Builder & Hotel Markets with Their Combined Platform Technologies In the Past 5 Years Deako Has Shipped Over 32 million Units of Its Technologies Including Its Smart Home Plug-In Wall Switches, with Over $26M in Revenues in 2025 Deako is a Leading Technology Supplier to Over 50 U.S. Builders Including D.R. Horton, Toll Brothers, Ri…
Read attachment ↗ex99-1.htm · 8-K · 2026-08-12
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Exhibit 99.1 Earnings Press Release, dated August 12, 2026 SKYX Reports 14% Growth and Record Sales of $25.3 Million in Q-2 2026 Compared to $22.1 Million in Q-1 2026 and 10 Consecutive Quarters of Growth YoY and as It Continues to Grow Its Market Penetration SKYX Reports over $27.7 Million in Cash and Cash Equivalents as of June 30, 2026, Management Believes It Has Sufficient Cash to Achieve Its Goals Including Becoming Cash Flow Positive as It E…
Read attachment ↗ex99-1.htm · 8-K · 2026-05-11
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Exhibit 99.1 Earnings Press Release, dated May 11, 2026 SKYX Reports 9 Consecutive Quarters of Growth YoY with 10% Increase and Record Revenues in Q-1 2026 with $22 Million Compared to $20 Million in Q-1 2025 as It Continues to Grow Its Market Penetration SKYX Reports over $32 Million in Cash and Cash Equivalents as of March 31, 2026, Management Believes It Has Sufficient Cash to Achieve Its Goals Including Becoming Cash Flow Positive in 2026 Gro…
Read attachment ↗ex99-1.htm · 8-K · 2026-03-26
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Exhibit 99.1 Earnings Press Release, dated March 26, 2026 SKYX Reports Another Record Quarter Revenue with Revenues of $25 Million in Q-4 Demonstrating 8 Consecutive Quarters of Year Over Year Growth with Annual Record Revenue of $92 Million in 2025 Compared to $86 Million in 2024 as it Continues to Grow its Market Penetration Gross Profit increased to $28 Million in 2025 Compared to $25 Million 2024, Representing a $3 million (13%) increase in Gr…
Read attachment ↗ex99-1.htm · 8-K · 2026-01-26
EX-99.1 5 ex99-1.htm EX-99.1 Exhibit 99.1 SKYX Announces Pricing of $25 Million Registered Direct Offering at $2.50 per share of Common Stock From One Fundamental Institutional Investor MIAMI, Jan. 23, 2026 (GLOBE NEWSWIRE) - SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), a highly disruptive smart home platform technology company with over 100 pending and issued patents globally and 60 lighting and home décor websites, with a mission to make homes …
Read attachment ↗ex99-1.htm · 8-K · 2025-11-12
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Exhibit 99.1 Earnings Press Release, dated November 12, 2025 SKYX Reports Record Revenues of $24 Million in Third Quarter 2025 Compared to $23 Million for Second Quarter 2025 as it Continues to Grow its Market Penetration SKYX Revenues Increased for 7 Prior Period Comparable Quarters from Q1 2024 Through Q3 2025 with $19M in Q1/24, $21M in Q2/24, $22M in Q3/24, $23M in Q4/24, $20M in Q1/25, $23M in Q2/25 and $24M in Q3/25 Gross Profit Improvement…
Read attachment ↗