SKYX reports record Q1 revenue of $19.0M, net loss widens to $9.7M

SKYX Platforms Corp.

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

Q1 revenue $19.0M (record), up 2.2% from $18.6M in Q1 2023.
Net loss $9.7M ($0.10 per share) vs $8.0M loss in prior year.
Adjusted EBITDA loss $5.1M; non-cash charges $4.6M.
Cash and equivalents $19.8M as of Mar 31, down from $22.4M Dec 31, 2023.
Signed 5-year licensing partnership with GE; collaborations with Kichler, Quoizel, Ruee Appliances.

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 the first quarter ended March 31, 2024 results: revenue $19.0 million, net income $9.7 million, or $(0.10) per share, EPS $(0.10) per share.

Period: the first quarter ended March 31, 2024
Revenue: $19.0 million
Net income: $9.7 million, or $(0.10) per share
EPS: $(0.10) per share
Result: reported results

Exact text from the filing

SKYX Reports Record First Quarter Sales of $19.0 Million Compared to $18.6 Million for First Quarter 2023 as it Continues to Grow its Market Penetration in the U.S and Canada of its Advanced and Smart Platform Products

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Source: SEC EDGAR

accession 0001493152-24-019236

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