SKYX Platforms Corp. financial data

Symbol
SKYX on Nasdaq
Industry
Electric Lighting & Wiring Equipment
Location
2855 W. Mcnab Road, Pompano Beach, FL
State of incorporation
FL
Fiscal year end
December 31
Former names
SQL Technologies Corp. (to 6/14/2022), Safety Quick Lighting & Fans Corp. (to 7/20/2016)
Latest financial report
10-Q - Q2 2024 - Aug 12, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 95.1 % -41%
Quick Ratio 15.6 % -19.3%
Debt-to-equity 430 % +25.5%
Return On Equity -211 % +29.7%
Return On Assets -49.2 % +11.9%
Operating Margin -131 % +33.4%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 102M shares +10.6%
Common Stock, Shares, Outstanding 101M shares +11.7%
Entity Public Float 176M USD +63.5%
Common Stock, Value, Issued 172M USD +17.1%
Weighted Average Number of Shares Outstanding, Basic 99.4M shares +14.8%
Weighted Average Number of Shares Outstanding, Diluted 99.4M shares +14.8%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 25.5M USD +69.8%
Cost of Revenue 58.7M USD +470%
Selling and Marketing Expense 24.8M USD +13.1%
General and Administrative Expense 6.54M USD -42.6%
Operating Income (Loss) -33.5M USD -13%
Nonoperating Income (Expense) -3.18M USD -173%
Net Income (Loss) Attributable to Parent -36.6M USD -19.1%
Earnings Per Share, Basic -0.39 USD/shares -11.4%
Earnings Per Share, Diluted -0.39 USD/shares +42.9%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 10.7M USD -40.9%
Accounts Receivable, after Allowance for Credit Loss, Current 3.02M USD +21.7%
Inventory, Net 4.22M USD -12.5%
Assets, Current 21.6M USD -25%
Property, Plant and Equipment, Net 348K USD -26.9%
Operating Lease, Right-of-Use Asset 20.8M USD -7.88%
Goodwill 16.2M USD +4.35%
Other Assets, Noncurrent 205K USD -51.8%
Assets 69.2M USD -14%
Contract with Customer, Liability, Current 2.07M USD +24.6%
Liabilities, Current 28.1M USD -13.5%
Operating Lease, Liability, Noncurrent 21.6M USD -0.05%
Liabilities 59.7M USD +0.48%
Accumulated Other Comprehensive Income (Loss), Net of Tax -4.65K USD
Retained Earnings (Accumulated Deficit) -163M USD -29%
Stockholders' Equity Attributable to Parent 9.48M USD -54.8%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 9.48M USD -54.8%
Liabilities and Equity 69.2M USD -14%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -6.18M USD -50.1%
Net Cash Provided by (Used in) Financing Activities 3.6M USD -65.3%
Net Cash Provided by (Used in) Investing Activities -53.6K USD +68.4%
Common Stock, Shares Authorized 500M shares 0%
Common Stock, Shares, Issued 101M shares +11.7%
Common Stock, Par or Stated Value Per Share 0 USD/shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -2.64M USD -144%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 15.6M USD -34.2%
Interest Paid, Excluding Capitalized Interest, Operating Activities 642K USD -9.84%
Deferred Tax Assets, Valuation Allowance 33.9M USD +70.3%
Operating Lease, Liability 1.43M USD
Depreciation 30.3K USD +36.9%
Payments to Acquire Property, Plant, and Equipment 53.6K USD +17432%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -36.6M USD -19%
Lessee, Operating Lease, Liability, to be Paid 23.8M USD -4.98%
Property, Plant and Equipment, Gross 1.36M USD +38.7%
Operating Lease, Liability, Current 2.26M USD -35.4%
Lessee, Operating Lease, Liability, to be Paid, Year Two 2.48M USD +17.1%
Lessee, Operating Lease, Liability, to be Paid, Year One 2.32M USD +22%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 0%
Lessee, Operating Lease, Liability, to be Paid, Year Three 2.5M USD +6.07%
Deferred Tax Assets, Operating Loss Carryforwards 28M USD +62%
Lessee, Operating Lease, Liability, to be Paid, Year Four 2.38M USD
Operating Lease, Payments 506K USD +144%
Amortization of Intangible Assets 514K USD +3490%
Interest Expense 3.17M USD +158%