SKYX earnings analysis
What we found in SKYX's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
- 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.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.06
- Gross margin
- 28.9%
- Operating margin
- -28.1%
What they said about what is next.
Management maintained its objective of becoming cash-flow positive as it exits 2026. No formal numeric revenue or EPS guidance was provided.
The filing reads about the same as the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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