secwatch.observer — SEC 8-K summary
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Issuer:     SKYX Platforms Corp. (SKYX)
CIK:        0001598981
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001493152-24-012380
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598981/000149315224012380/0001493152-24-012380-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598981/000149315224012380/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-012380

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