10-Q · May 11, 2026
SKYX Platforms Corp. reported Q1 2026 revenues of $22.1 million, marking a 9.8% increase from $20.1 million in Q1 2025, although it slightly missed expectations of $21.9 million. The EPS was reported at -$0.08, falling…
Earnings analysis · 10-Q
SKYX earnings analysis
Filed August 12, 2026 · Our reading of the company's report
The latest report
SKYX delivered $25.27 million of Q2 revenue, up 10% year over year and $1.30 million above consensus, while diluted EPS of negative $0.06 matched expectations. Gross margin softened to approximately 28.9%, but operating…
Read full summary
SKYX delivered $25.27 million of Q2 revenue, up 10% year over year and $1.30 million above consensus, while diluted EPS of negative $0.06 matched expectations. Gross margin softened to approximately 28.9%, but operating margin improved to approximately negative 28.1% and operating cash burn improved to $3.7 million. The company remains loss-making, with an $8.2 million net loss and $7.1 million operating loss, while maintaining its objective of becoming cash-flow positive exiting 2026 without providing formal numeric revenue or EPS guidance.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.06
What stood out
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Revenue Beat Consensus by $1.30M
Revenue was $25.27 million, up 10% year over year and approximately 14.8% sequentially from $22 million in Q1 2026. Revenue exceeded the $23.97 million consensus estimate by $1.30 million.
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Gross Profit Rose to $7.3M
Gross profit increased to $7.3 million, although the implied gross margin of 28.9% declined from 30.0% in Q1 2026 and 30.3% in Q2 2025.
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Operating Margin Improved Sequentially
The operating loss was $7.1 million, implying an operating margin of approximately negative 28.1%. This improved from negative 36.9% in Q1 2026 and negative 32.6% in Q2 2025.
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EPS Improved and Matched Estimates
Diluted EPS was negative $0.06, better than negative $0.07 in Q1 2026 and negative $0.08 in Q2 2025, and matched the negative $0.06 consensus estimate.
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Operating Cash Burn Improved 39%
Operating cash use improved to $3.7 million from $6 million in Q1 2026, a 39% sequential improvement, but remained negative.
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Effective Disclosure Controls
Management concluded that disclosure controls were effective as of June 30, 2026, and reported no changes in internal controls that materially affected, or were reasonably likely to materially affect, financial reporting during the quarter.
What to watch
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Substantial Operating Losses
The company reported an $8.2 million net loss and a $7.1 million operating loss for the quarter. Continued losses could pressure liquidity and delay the stated objective of becoming cash-flow positive exiting 2026.
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Ongoing Cash-Flow and Liquidity Risk
Operating cash flow remained negative at $3.7 million for the quarter. Although management believes it has sufficient cash to achieve its goals, the company has not yet reached positive cash flow and remains dependent on executing its liquidity plan.
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No Material Risk-Factor Improvement
The filing states there have been no material changes to the risk factors in the December 31, 2025 Form 10-K. Accordingly, the previously disclosed risks remain applicable without a quantified reduction in exposure.
Management's outlook
Management maintained its objective of becoming cash-flow positive as it exits 2026. No formal numeric revenue or EPS guidance was provided.
Earlier filings 4
10-K · March 26, 2026
SkyX describes a strategy of converting hard-wired lighting and ceiling products into a safety-focused, plug-and-play smart platform (Sky Plug & Receptacle, SkyHome App, Smart Sky Platform) and is monetizing via resale…
10-Q · August 12, 2025
SkyX reported quarter revenue of $23,061,655 (Q2 2025), up $1,615,507 or ~7.5% versus Q2 2024 revenue of $21,446,148. Gross margin stayed near 30.3% and GAAP diluted loss per share was $(0.08) for the quarter; the…
10-K · March 24, 2025
Sky Technologies positions itself as a safety-first smart-home platform with “almost 100 U.S. and global patents and patent pending applications,” an e-commerce channel (Belami, 60 websites) acquired for $7,000,000 cash…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.