SKYX reports record Q1 revenue of $22M (+10% YoY); gross margin improves to 30%.

SKYX Platforms Corp.

2026-Q1 EPS reported -$0.07 vs consensus -$0.06 ▼ miss (-11.3%)

Revenue $22M (record), +10% YoY from $20M in Q1 2025; 9th consecutive YoY growth quarter.
Gross profit $7M (+16% YoY); gross margin 30% vs 28% in Q1 2025.
Net loss per share $0.07 (vs $0.09); adjusted EBITDA loss per share $0.03 (vs $0.04).
Cash $32M at quarter-end vs $10M at Dec 2025; management expects to become cash flow positive in 2026.
Strategic partnership with Group OTT for European hotel deployments; first renovation at The Grand Hotel du Parc, France.

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 first quarter ended March 31, 2026 results: revenue $22 million, EPS $0.07 per share.

Period: the first quarter ended March 31, 2026
Revenue: $22 million
EPS: $0.07 per share
Result: reported results

Exact text from the filing

(EX-99.1) --- Exhibit 99.1 Earnings Press Release, dated May 11, 2026 SKYX Reports 9 Consecutive Quarters of Growth YoY with 10% Increase and Record Revenues in Q-1 2026 with $22 Million Compared to $20 Million in Q-1 2025 as It Continues to Grow Its Market Penetration SKYX Reports over $32 Million in Cash and Cash Equivalents as of March 31, 2026, Management

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Source: SEC EDGAR

accession 0001493152-26-022225

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