earnings
confidence high
sentiment positive
materiality 0.70
SKYX Q2 revenue $21.4M (record), net loss narrows to $0.08/shr, adj EBITDA loss improves
SKYX Platforms Corp.
2024-Q2 EPS reported
-$0.18
revenue$40,423,969
- Revenue $21.4M (record, +42.7% YoY); net loss $7.5M ($0.08/shr) vs $12.3M ($0.14/shr) YoY.
- Adjusted EBITDA loss $2.1M (improved from $4.6M in Q1 2024); cash $15.6M as of June 30.
- Home Depot collaboration for smart plug & play products; expected online and in stores soon.
- GE Licensing partnership advancing; goal to make ceiling outlet/receptacle industry standard.
- Over 97 patents globally; 7 CES awards; NEC safety standardization for ceiling receptacle in progress.