secwatch.observer — SEC 8-K summary
======================================

Issuer:     SKYX Platforms Corp. (SKYX)
CIK:        0001598981
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001493152-23-027274
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SKYX Q2 revenue $15M (partial quarter), net loss $0.14/share; Belami acquisition closed
--------------------------------------------------------------------------------

- Revenue of $15M in Q2 2023, reflecting partial quarter of sales including smart plug & play products.
- Net loss of $12.3M ($0.14/share) vs $4.6M ($0.06) in Q2 2022, driven by Belami acquisition costs.
- Cash used in ops reduced to $2.5M from $2.8M; cash balance $23.7M as of June 30, 2023.
- Acquired Belami E-commerce (64 websites) primarily with stock; expected to enhance cash flow and distribution.
- Appointed three strategic advisors from Microsoft, ALA, Disney; eligible for NEC standardization filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598981/000149315223027274/0001493152-23-027274-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598981/000149315223027274/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-027274

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer