SKYX Platforms (SKYX) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

SKYX Platforms

NasdaqCM•Industrials•Electrical Equipment & Parts

$1.37+0.08(0.06%)Market closed

Market Cap

$169.52M

P/S

1.8x

P/B

12.4x

SKYX Platforms Corp. provides a series of safe-smart platform technologies in the United States. Its 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. The company 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.

How this company scores

WeakMetricSide Score: 46/100

Grade capped at D — Interest coverage below 1× (-6.4x) — earnings cannot cover interest. Strongest: Profitability (15/25); weakest: Cash & Earnings Quality (4/25).

Profitability15/25

Growth14/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality4/25

Strengths

Profit converts from growthImproving leverageConsistent growthNet cash position

Grade capped at D

Interest coverage below 1× (-6.4x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 1.8x5y range 1.0x – 8420.5x

Currently near its 18-quarter median.

P/B · 12.4x5y range 7.6x – 162.2x

Currently near its 15-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $169.52M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $96.20M
Q. Revenue: $25.27M
TTM EBITDA: $-28.74M
TTM Op. Income: $-29.11M
Q. Op. Income: $-7.07M
TTM Net Income: $-33.04M
Q. Net Income: $-8.22M
EPS: $-0.06
Shares Out.: $134.54M

$96.20M in TTM revenue grew 8.1% YoY, reaching $25.27M last quarter. TTM EBITDA of $-28.74M and TTM operating income of $-29.11M show growth is flowing through to the bottom line. However, net income is negative at $33.04M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 28.9%
EBITDA Margin: -27.7%
Op. Margin: -28.0%
Net Margin: -32.5%

Op. margin of -28.0% is up 4.6% YoY — cost efficiency is improving. Net margin at -32.5% and gross margin of 28.9% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 14% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.8x
P/B Ratio: 12.4x

P/S of 1.8x and P/B of 12.4x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $74.10M
Cash: $25.66M
Long-Term Debt: $17.34M
Book Value: $13.66M
D/E Ratio: 1.3
Debt/EBITDA: N/A

With $74.10M in assets and $17.34M in long-term debt, D/E is 1.3and book value is $13.66M — moderate leverage. Over the past year, debt/equity is down 75% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-3.67M
TTM Free Cash Flow: $-16.67M
FCF Margin: -17.3%
FCF / Net Income: 0.5

TTM FCF of $-16.67M on $-3.67M in operating cash flow. The FCF / Net Income ratio of 0.5x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.