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-Q - Q3 2024 - Nov 12, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 86.9 % -26.7%
Quick Ratio 14.9 % -17.2%
Debt-to-equity 561 % +55.9%
Return On Equity -211 % +29.7%
Return On Assets -53.5 % -3.99%
Operating Margin -83.3 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 103M shares +11.2%
Common Stock, Shares, Outstanding 102M shares +11.5%
Entity Public Float 176M USD +63.5%
Common Stock, Value, Issued 175M USD +16.5%
Weighted Average Number of Shares Outstanding, Basic 104M shares +13.6%
Weighted Average Number of Shares Outstanding, Diluted 104M shares +13.6%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 22.2M USD +2.55%
Cost of Revenue 59.1M USD +135%
Selling and Marketing Expense 25.3M USD +10.1%
General and Administrative Expense 8.17M USD +8.68%
Operating Income (Loss) -34.5M USD -13.2%
Nonoperating Income (Expense) -3.53M USD -98.9%
Net Income (Loss) Attributable to Parent -38.1M USD -17.9%
Earnings Per Share, Basic -0.39 USD/shares -8.33%
Earnings Per Share, Diluted -0.39 USD/shares 0%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 10.2M USD -38.3%
Accounts Receivable, after Allowance for Credit Loss, Current 2.93M USD -3.59%
Inventory, Net 4.54M USD -15.7%
Assets, Current 19M USD -33%
Property, Plant and Equipment, Net 840K USD +41.8%
Operating Lease, Right-of-Use Asset 20.3M USD -8.04%
Goodwill 16.2M USD +2.26%
Other Assets, Noncurrent 205K USD -51.8%
Assets 65M USD -17.1%
Contract with Customer, Liability, Current 2.11M USD +13.7%
Liabilities, Current 30.8M USD -1.83%
Operating Lease, Liability, Noncurrent 20.7M USD -9.04%
Liabilities 61.1M USD -0.25%
Accumulated Other Comprehensive Income (Loss), Net of Tax -4.65K USD
Retained Earnings (Accumulated Deficit) -172M USD -28.5%
Stockholders' Equity Attributable to Parent 3.83M USD -77.5%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 9.48M USD -54.8%
Liabilities and Equity 65M USD -17.1%

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 102M shares +11.5%
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 13M USD -41%
Interest Paid, Excluding Capitalized Interest, Operating Activities 642K USD -9.84%
Deferred Tax Assets, Valuation Allowance 33.9M USD +70.3%
Operating Lease, Liability 1.43M USD
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 -38.1M USD -18.3%
Lessee, Operating Lease, Liability, to be Paid 23.2M USD -30.6%
Property, Plant and Equipment, Gross 1.64M USD +46.9%
Operating Lease, Liability, Current 2.45M USD +10.1%
Lessee, Operating Lease, Liability, to be Paid, Year Two 2.54M USD -28.1%
Lessee, Operating Lease, Liability, to be Paid, Year One 2.45M USD -34.2%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 0%
Lessee, Operating Lease, Liability, to be Paid, Year Three 2.42M USD -32.1%
Deferred Tax Assets, Operating Loss Carryforwards 28M USD +62%
Lessee, Operating Lease, Liability, to be Paid, Year Four 2.44M USD -29.3%
Operating Lease, Payments 506K USD +144%
Amortization of Intangible Assets 514K USD +3490%
Interest Expense 3.17M USD +158%