---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-016693"
form_type: "8-K"
ticker: "SKYX"
cik: "0001598981"
company_name: "SKYX Platforms Corp."
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T02:32:49.204323+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-016693
- form_type: 8-K
- ticker: SKYX
- cik: 0001598981
- company_name: SKYX Platforms Corp.
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1598981/000149315223016693/0001493152-23-016693-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1598981/000149315223016693/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-016693
- JSON: https://secwatch.observer/filing/0001493152-23-016693.json
- Plain text: https://secwatch.observer/filing/0001493152-23-016693.txt

## Key facts
- Earnings Releases
  SKYX Platforms Corp. reported financial results for the quarter ended March 31, 2023.
  - Period: the quarter ended March 31, 2023
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1598981/000149315223016693/0001493152-23-016693-index.htm

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