---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-031395"
form_type: "8-K"
ticker: "SKYX"
cik: "0001598981"
company_name: "SKYX Platforms Corp."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T23:02:17.951384+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SKYX Q3 net loss widens to $5.7M; NEC/ANSI approves ceiling plug standard

## Summary
- Net loss $5.7M for Q3 2022 (incl. $1.3M stock-based comp) vs $1.6M loss in Q3 2021.
- Cash used in operations $9.7M YTD vs $2.8M prior year; cash/investments $20.9M vs $10.4M year-end 2021.
- Received NEC generic name approval for WSCR/WSAF; ANSI/NEMA standardization vote for ceiling outlet/plug.
- Entered advisory agreement with Newbridge Securities; issued 200k restricted shares; director Sokolow gets 40,333.
- Anticipates starting presales of SkyPlug smart products with SkyHome App in Q4 2022.

## SEC filing metadata
- accession: 0001493152-22-031395
- form_type: 8-K
- ticker: SKYX
- cik: 0001598981
- company_name: SKYX Platforms Corp.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.02, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1598981/000149315222031395/0001493152-22-031395-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1598981/000149315222031395/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-031395
- JSON: https://secwatch.observer/filing/0001493152-22-031395.json
- Plain text: https://secwatch.observer/filing/0001493152-22-031395.txt

## Key facts
- Earnings Releases
  SKYX Platforms Corp. reported three months ended September 30, 2022 results: net income $5.7 million.
  - Period: three months ended September 30, 2022
  - Net income: $5.7 million
  - Result: reported results
  source text: Net loss, which includes stock-based compensation of $1.3 million for the quarter ended September 30, 2022, totaled $5.7 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1598981/000149315222031395/0001493152-22-031395-index.htm
- Material Agreements
  SKYX Platforms Corp. entered into corporate advisory engagement agreement with Newbridge Securities Corporation valued at Issuance of 200,000 restricted shares of common stock, vesting over 18 months (effective 2022-11-09).
  - Action: entry
  - Agreement: collaboration
  - Counterparty: Newbridge Securities Corporation
  - Value: Issuance of 200,000 restricted shares of common stock, vesting over 18 months
  - Effective: 2022-11-09
  source text: On November 9, 2022 (the “Effective Date”), SKYX Platforms Corp. (d/b/a Sky Technologies) (the “Company”) entered into a corporate advisory engagement agreement (the “Agreement”) with Newbridge Securities Corporation (“Newbridge”), pursuant to which Newbridge agreed to provide financial and general corporate advisory services to the Company in connection with certain investment banking matters, such as assisting with investor presentations and investor conferences, providing advice related to capital structures, capital market opportunities and asset allocation or exit strategies, and assisting with the preparation of a due diligence package for use in potential merger and acquisition, joint venture and capital raising transactions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1598981/000149315222031395/0001493152-22-031395-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.