SKYX reports record 2023 revenue of $58.8M; net loss $39.7M

SKYX Platforms Corp.

2024-Q1 EPS reported -$0.10 revenue$18,977,821

Revenue $58.8M in 2023 (vs $32,022 in 2022); Q4 record $22.2M.
Cash and equivalents $22.4M as of Dec 31, 2023, up from $16.8M year-end 2022.
Net loss $39.7M ($0.45/share) vs $27.0M ($0.40/share) prior year.
Adjusted EBITDA loss $15.2M; management expects cash flow positive during 2025.
Signed 5-year global licensing partnership with GE for smart home platform technologies.

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 0.95

SKYX Platforms Corp. reported the Fourth Quarter and Fiscal Year ended December 31, 2023 results: revenue $58.8 million, net income net loss of $39.7 million, or $(0.45) per share, EPS $(0.45) per share.

Period: the Fourth Quarter and Fiscal Year ended December 31, 2023
Revenue: $58.8 million
Net income: net loss of $39.7 million, or $(0.45) per share
EPS: $(0.45) per share
Result: reported results

Exact text from the filing

Revenue in 2023 increased to a record $58.8 million – including record fourth quarter sales of $22.2 million which were realized in the fourth quarter – including E-commerce sales, smart home products and advanced plug & play products

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Source: SEC EDGAR

accession 0001493152-24-012380

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