SKYX Chart
About

SKYX Platforms Corp. provides a series of safe-smart platform technologies in the United States. 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. SKYX Platforms Corp. was formerly known as SQL Technologies Corp. and changed its name to SKYX Platforms Corp. in June 2022. The company was incorporated in 2004 and is based in Pompano Beach, Florida.

Fundamentals
Scroll to Statements
Sector Industrials Industry Electrical Equipment & P Market Cap 277.71M
Enterprise Value 273.47M Income -36.49M Sales 90.75M
Book/sh -0.12 Cash/sh 0.07 Dividend Yield —
Payout 0.00% Employees 76 IPO —
P/E — Forward P/E -13.00 PEG —
P/S 3.06 P/B -17.93 P/C —
EV/EBITDA -9.46 EV/Sales 3.01 Quick Ratio 0.44
Current Ratio 0.65 Debt/Eq 3217.45 LT Debt/Eq —
EPS (ttm) -0.35 EPS next Y -0.16 EPS Growth —
Revenue Growth 7.80% Earnings 2026-03-23 ROA -31.79%
ROE -14.21% ROIC — Gross Margin 28.51%
Oper. Margin -28.31% Profit Margin -39.12% Shs Outstand 133.52M
Shs Float 75.61M Short Float 2.23% Short Ratio 1.54
Short Interest — 52W High 3.29 52W Low 0.88
Beta -4011.51 Avg Volume 1.16M Volume 75.40K
Target Price $4.04 Recom None Prev Close $2.02
Price $2.08 Change 2.97%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$4.04
Mean price target
2. Current target
$2.08
Latest analyst target
3. DCF / Fair value
$-0.70
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.08
Low
$2.50
High
$5.00
Mean
$4.04

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-22 reit Roth Capital Buy → Buy $5
2025-10-17 init Litchfield Hills — → Buy $5
2024-09-10 init Roth MKM — → Buy $2
2024-08-13 reit Benchmark Buy → Buy $5
2024-07-31 reit Benchmark Buy → Buy $5
2024-04-29 init Noble Capital Markets — → Outperform $5
2023-11-14 reit Benchmark Buy → Buy $5
2023-08-14 main Benchmark Buy → Buy $5
2023-04-25 init WestPark Capital — → Buy $7
2022-07-28 init Benchmark — → Buy $15
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 14423 30000 — Stock Award(Grant) at price 2.08 per share. RIDGE THOMAS J Director — 2025-12-31 00:00:00 D
1 14423 30000 — Stock Award(Grant) at price 2.08 per share. SHIFF DOV Director and Beneficial Owner of more than 10% of a Class of Security — 2025-12-31 00:00:00 D
2 379955 835901 — Conversion of Exercise of derivative security at price 2.20 per share. SHIFF DOV Director and Beneficial Owner of more than 10% of a Class of Security — 2025-12-31 00:00:00 I
3 150000 — — Stock Award(Grant) at price 0.00 per share. SOKOLOW LEONARD J Chief Executive Officer — 2025-12-15 00:00:00 D
4 150000 90000 — Conversion of Exercise of derivative security at price 0.60 per share. SOKOLOW LEONARD J Chief Executive Officer — 2025-11-14 00:00:00 D
5 248000 198600 — Conversion of Exercise of derivative security at price 0.60 - 1.20 per share. BARRON PATRICIA ANNA Chief Operating Officer — 2025-11-14 00:00:00 D
6 5000 — — Stock Award(Grant) at price 0.00 per share. RIDGE THOMAS J Director — 2025-03-27 00:00:00 D
7 5000 — — Stock Award(Grant) at price 0.00 per share. SHIFF DOV Director and Beneficial Owner of more than 10% of a Class of Security — 2025-03-27 00:00:00 D
8 26500 — — Stock Award(Grant) at price 0.00 per share. DIMATTIA NANCY Director — 2025-03-27 00:00:00 D
9 16000 — — Stock Award(Grant) at price 0.00 per share. GREENSTEIN BRAYER EFRAT L. Director — 2025-03-27 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-28.05M-34.94M-25.74M-5.09M
TotalUnusualItems400.00K1.20M178.25K0.00
TotalUnusualItemsExcludingGoodwill400.00K1.20M178.25K0.00
NetIncomeFromContinuingOperationNetMinorityInterest-35.77M-39.73M-27.07M-5.73M
ReconciledDepreciation4.07M2.89M883.23K84.29K
ReconciledCostOfRevenue61.68M40.75M18.91K88.46K
EBITDA-27.65M-33.74M-25.56M-5.09M
EBIT-31.71M-36.62M-26.45M-5.17M
NetInterestIncome-4.06M-3.11M-589.01K-560.38K
InterestExpense4.06M3.11M589.01K560.38K
InterestIncome36.00
NormalizedIncome-36.17M-40.93M-27.25M-5.73M
NetIncomeFromContinuingAndDiscontinuedOperation-35.77M-39.73M-27.07M-5.73M
TotalExpenses118.39M96.61M26.66M5.23M
TotalOperatingIncomeAsReported-32.11M-37.83M-26.63M-5.19M
DilutedAverageShares99.77M88.37M79.49M64.94M
BasicAverageShares99.77M88.37M79.49M64.94M
DilutedEPS-0.36-0.45-0.40-0.09
BasicEPS-0.36-0.45-0.40-0.09
DilutedNIAvailtoComStockholders-35.98M-39.73M-31.80M-5.86M
NetIncomeCommonStockholders-35.98M-39.73M-31.80M-5.86M
OtherunderPreferredStockDividend0.004.69M0.00
PreferredStockDividends212.67K38.05K129.46K
NetIncome-35.77M-39.73M-27.07M-5.73M
MinorityInterests0.00-35.44K0.00
NetIncomeIncludingNoncontrollingInterests-35.77M-39.73M-27.04M-5.73M
NetIncomeContinuousOperations-35.77M-39.73M-27.04M-5.73M
PretaxIncome-35.77M-39.73M-27.04M-5.73M
OtherIncomeExpense400.00K1.20M178.25K18.05K
OtherNonOperatingIncomeExpenses18.05K
SpecialIncomeCharges400.00K1.20M178.25K0.00
OtherSpecialCharges-400.00K-1.20M-178.25K-10.00K
GainOnSaleOfSecurity8.05K
NetNonOperatingInterestIncomeExpense-4.06M-3.11M-589.01K-560.38K
InterestExpenseNonOperating4.06M3.11M589.01K560.38K
InterestIncomeNonOperating36.00
OperatingIncome-32.11M-37.83M-26.63M-5.19M
OperatingExpense56.71M55.86M26.64M5.14M
SellingGeneralAndAdministration56.71M55.86M26.64M5.14M
SellingAndMarketingExpense25.35M18.81M7.99M
GeneralAndAdministrativeExpense31.35M37.06M18.65M
OtherGandA31.35M37.06M18.65M
GrossProfit24.59M18.04M13.11K-45.35K
CostOfRevenue61.68M40.75M18.91K88.46K
TotalRevenue86.28M58.79M32.02K43.11K
OperatingRevenue86.28M58.79M32.02K43.11K
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber103.36M93.47M82.91M66.30M
ShareIssued103.36M93.47M82.91M66.30M
NetDebt3.99M
TotalDebt39.36M37.84M30.46M7.20M
TangibleBookValue-23.29M-8.08M7.24M-3.93M
InvestedCapital14.68M29.90M14.48M3.81M
WorkingCapital-5.76M3.13M8.91M8.75M
NetTangibleAssets-12.29M-8.08M7.46M-615.31K
CapitalLeaseObligations22.73M24.17M23.89M0.00
CommonStockEquity-1.95M16.22M7.91M-3.39M
PreferredStockEquity11.00M220.10K3.31M
TotalCapitalization17.43M23.00M12.99M6.72M
TotalEquityGrossMinorityInterest9.05M16.22M8.13M-110.72K
MinorityInterest0.000.000.00-35.44K
StockholdersEquity9.05M16.22M8.13M-75.28K
GainsLossesNotAffectingRetainedEarnings0.000.00-62.15K0.00
OtherEquityAdjustments-62.15K
RetainedEarnings-181.78M-145.80M-106.07M-74.27M
AdditionalPaidInCapital13.52M
CapitalStock190.84M162.03M114.26M74.19M
CommonStock179.84M162.03M114.04M70.88M
PreferredStock11.00M0.00220.10K3.31M
TotalLiabilitiesNetMinorityInterest56.83M60.12M35.05M12.06M
TotalNonCurrentLiabilitiesNetMinorityInterest30.70M35.93M27.63M9.43M
OtherNonCurrentLiabilities900.00K3.10M2.64M
NonCurrentAccruedExpenses1.04M744.95K0.00
TradeandOtherPayablesNonCurrent0.003.04M0.00
LongTermDebtAndCapitalLeaseObligation28.75M29.04M27.63M6.79M
LongTermCapitalLeaseObligation20.38M22.27M22.76M0.00
LongTermDebt8.38M6.78M4.87M6.79M
CurrentLiabilities26.14M24.19M7.42M2.63M
OtherCurrentLiabilities800.00K800.00K2.64M1.20M
CurrentDeferredLiabilities1.50M1.48M0.00
CurrentDeferredRevenue1.50M1.48M0.00
CurrentDebtAndCapitalLeaseObligation10.60M8.80M2.84M404.65K
CurrentCapitalLeaseObligation2.35M1.90M1.13M0.00
CurrentDebt8.25M6.90M1.71M404.65K
OtherCurrentBorrowings8.25M6.90M1.71M404.65K
PayablesAndAccruedExpenses13.24M13.12M1.95M1.03M
CurrentAccruedExpenses104.38K32.60K
InterestPayable92.92K
Payables13.24M13.12M1.95M996.73K
OtherPayable731.00K
AccountsPayable13.24M12.39M1.95M996.73K
TotalAssets65.89M76.34M43.18M11.95M
TotalNonCurrentAssets45.51M49.02M26.85M567.92K
OtherNonCurrentAssets3.07M3.07M2.92M2.17K
GoodwillAndOtherIntangibleAssets21.35M24.30M662.80K540.03K
OtherIntangibleAssets5.19M8.14M662.80K540.03K
Goodwill16.16M16.16M0.00
NetPPE21.10M21.65M23.26M25.71K
AccumulatedDepreciation-739.30K-671.27K-459.08K-388.31K
GrossPPE21.84M22.32M23.72M414.02K
Leases360.00K30.55K30.55K30.55K
ConstructionInProgress109.10K0.00
OtherProperties19.75M21.21M23.58M309.11K
MachineryFurnitureEquipment1.73M1.08M110.32K74.36K
BuildingsAndImprovements21.21M23.05M0.00
Properties0.000.000.000.00
CurrentAssets20.37M27.32M16.33M11.39M
OtherCurrentAssets1.31M721.72K311.62K41.02K
CurrentDeferredAssets223.21K224.44K0.00
RestrictedCash0.002.75M0.00
PrepaidAssets40.90K
Inventory3.79M3.43M1.92M918.65K
InventoriesAdjustmentsAllowances-1.30M-1.30M
FinishedGoods3.18M2.50M0.00
RawMaterials1.90M2.23M1.92M918.65K
Receivables2.42M3.38M0.00115.00
AccountsReceivable2.42M3.38M0.00115.00
CashCashEquivalentsAndShortTermInvestments12.64M16.81M14.09M10.43M
OtherShortTermInvestments0.007.37M0.00
CashAndCashEquivalents12.64M16.81M6.72M10.43M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-19.24M-13.00M-14.46M-4.81M
RepaymentOfDebt-2.78M-3.41M-446.04K-343.84K
IssuanceOfDebt500.00K16.85M0.00228.24K
IssuanceOfCapitalStock15.43M9.82M23.10M13.04M
CapitalExpenditure-981.43K-620.31K-179.20K
InterestPaidSupplementalData3.28M1.09M303.96K425.32K
IncomeTaxPaidSupplementalData0.000.00
EndCashPosition15.50M22.43M9.46M10.43M
BeginningCashPosition22.43M9.46M10.43M2.31M
ChangesInCash-6.93M12.97M-964.65K8.12M
FinancingCashFlow13.06M22.73M20.93M12.92M
CashFlowFromContinuingFinancingActivities13.06M22.73M20.93M12.92M
NetOtherFinancingCharges-88.43K-530.99K-2.55M
ProceedsFromStockOptionExercised0.00862.30K130.00K
CashDividendsPaid0.00-38.05K-129.46K
PreferredStockDividendPaid0.00-38.05K
CommonStockDividendPaid0.00-38.05K-129.46K
NetPreferredStockIssuance11.00M0.00
PreferredStockIssuance11.00M0.00
NetCommonStockIssuance4.43M9.82M23.10M13.04M
CommonStockIssuance4.43M9.82M23.10M13.04M
NetIssuancePaymentsOfDebt-2.28M13.44M-446.04K-115.60K
NetShortTermDebtIssuance6.50M0.00
ShortTermDebtIssuance6.50M0.00
NetLongTermDebtIssuance-2.28M13.44M-446.04K-115.60K
LongTermDebtPayments-2.78M-3.41M-446.04K-343.84K
LongTermDebtIssuance500.00K16.85M0.00228.24K
InvestingCashFlow-1.73M3.24M-8.06M-179.20K
CashFlowFromContinuingInvestingActivities-1.73M3.24M-8.06M-179.20K
NetInvestmentPurchaseAndSale0.007.44M-7.44M0.00
SaleOfInvestment0.007.57M0.00
PurchaseOfInvestment0.00-136.03K-7.44M0.00
NetBusinessPurchaseAndSale-750.00K-4.21M0.00
PurchaseOfBusiness-750.00K-4.21M0.00
NetIntangiblesPurchaseAndSale0.00-307.62K-179.20K
PurchaseOfIntangibles0.00-307.62K-179.20K
NetPPEPurchaseAndSale-981.43K10.19K-312.69K0.00
SaleOfPPE10.19K
PurchaseOfPPE-981.43K-312.69K0.00
OperatingCashFlow-18.26M-13.00M-13.84M-4.63M
CashFlowFromContinuingOperatingActivities-18.26M-13.00M-13.84M-4.63M
ChangeInWorkingCapital-1.96M5.71M-1.47M-434.66K
ChangeInOtherWorkingCapital-778.44K2.07M-1.20M-500.00K
ChangeInOtherCurrentLiabilities-2.10M202.62K267.85K0.00
ChangeInOtherCurrentAssets0.000.00-180.13K0.00
ChangeInPayablesAndAccruedExpense933.83K4.24M920.49K104.81K
ChangeInAccruedExpense163.46K
ChangeInPayable-58.65K
ChangeInAccountPayable-58.65K
ChangeInPrepaidAssets-628.46K-218.13K-270.60K-39.47K
ChangeInInventory-359.61K283.91K-1.00M0.00
ChangeInReceivables969.66K-863.22K0.001.43K
ChangesInAccountReceivables969.66K-863.22K0.001.43K
OtherNonCashItems1.21M1.37M
StockBasedCompensation13.47M17.98M13.96M1.46M
AssetImpairmentCharge1.12M
DepreciationAmortizationDepletion4.07M2.89M883.23K84.29K
DepreciationAndAmortization4.07M2.89M883.23K84.29K
AmortizationCashFlow42.26K
AmortizationOfIntangibles42.26K
Depreciation4.07M2.89M883.23K84.29K
OperatingGainsLosses-400.00K-1.20M-178.25K-10.00K
NetIncomeFromContinuingOperations-35.77M-39.73M-27.04M-5.73M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for SKYX
Date User Asset Broker Type Position Size Entry Price Patterns