SKYX Q1 net loss narrows to $8.0M; completes two acquisitions, cash $23.1M

SKYX Platforms Corp.

2024-Q1 EPS reported -$0.10 revenue$10,025

Net loss of $8.0M vs $11.9M in Q1 2022; includes $3.0M stock-based compensation and $0.4M transaction costs.
Cash and equivalents totaled $23.1M as of March 31, 2023, up from $16.8M at December 31, 2022.
Acquired Belami e-commerce (64 websites, $88M 2022 revenue) and Bailey Street Home ($5M 2022 revenue) primarily with stock.
Appointed Al Weiss, former President of Worldwide Operations at Walt Disney Parks and Resorts, as Senior Business Development Advisor.
Smart ceiling plug won five CES 2023 awards, including the CES Smart Home Innovation Award.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SKYX Platforms Corp. reported financial results for the quarter ended March 31, 2023.

Period: the quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 12, 2023, SKYX Platforms Corp. (d/b/a Sky Technologies) (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2023.

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18 earnings releases filed in the last 30 days. Browse all earnings releases →

SKYX Platforms Corp. filing history →

Source: SEC EDGAR

accession 0001493152-23-016693

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