secwatch.observer — SEC 8-K summary
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Issuer:     SKYX Platforms Corp. (SKYX)
CIK:        0001598981
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001493152-24-019236
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598981/000149315224019236/0001493152-24-019236-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598981/000149315224019236/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-019236

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