secwatch.observer — SEC 8-K summary
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Issuer:     SKYX Platforms Corp. (SKYX)
CIK:        0001598981
Form:       8-K
Filed at:   2025-05-14T23:59:59+00:00
Accession:  0001641172-25-010267
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SKYX Q1 2025 revenue record $20.1M (+6% YoY); net loss $(0.09)/share; $4M funding led by Shaner Group
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- Revenue of $20.1M, up 6% from $18.9M in Q1 2024; gross profit $5.7M, up 2% sequentially from Q4 2024.
- Net loss per share $(0.09) vs $(0.10) in Q1 2024; Adjusted EBITDA loss $(0.04)/share vs $(0.05).
- G&A expenses down 17% to $6.6M from $7.9M; cash $12.3M as of March 31, 2025 (vs $15.5M a year ago).
- Secured $4M preferred stock at $2/share, part of $15M round led by Shaner Group with insider participation.
- Expects cash flow positive in H2 2025; products projected in 30,000 U.S./Canadian homes by end of Q2 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598981/000164117225010267/0001641172-25-010267-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598981/000164117225010267/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-010267

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