secwatch.observer — SEC 8-K summary
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Issuer:     SKYX Platforms Corp. (SKYX)
CIK:        0001598981
Form:       8-K
Filed at:   2026-05-11T20:10:16+00:00
Accession:  0001493152-26-022225
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598981/000149315226022225/0001493152-26-022225-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598981/000149315226022225/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-022225

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