| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 23.89 | 3.6% | 7.8% |
| Total Income | 23.89 | 3.6% | 7.8% |
| Expenditure | 30.66 | 0.3% | 3.0% |
| PBT | — | ||
| Net Profit | -7.62 | 13.7% | 11.6% |
| OPM | -28.31% | 4.30pp | 6.00pp |
| NPM | -31.88% | 6.40pp | 7.01pp |
| EPS | — |
SKYX Reports Record Q3 2025 Revenues of $24 Million
04 May 2026 · 4 May, 7:23 am
Summary
SKYX Platforms Corp. reported record revenues of $24 million for the third quarter of 2025, a sequential increase from $23 million in the second quarter. Gross profit also improved, rising by 8% to $8.0 million, with gross margin increasing to 32%. The company is expanding its market penetration, including a major collaboration with a $3 billion mixed-use smart city project in Miami. SKYX expects to deploy over 50,000 products into homes/units by the end of Q4 2025. Management believes it has sufficient cash to achieve its goals, including being cash flow positive exiting 2025.
Key Highlights
- 1
SKYX Platforms Corp. reported record revenues of $24 million in the third quarter of 2025, compared to $23 million in the second quarter of 2025.
- 2
Gross profit improved by 8% to $8.0 million in the third quarter of 2025 sequentially from $7 million in the second quarter of 2025.
- 3
Gross margin improved to 32% in the third quarter of 2025 from 30% in the second quarter of 2025.
- 4
The company expects to deploy over 50,000 of its products into homes/units by the end of Q4 2025 through retail and pro segment.
- 5
Net loss per share decreased by $0.01 to $0.07 per share in the third quarter of 2025 compared to $0.08 in the second quarter of 2025.
- 6
Adjusted EBITDA loss per share remained at $0.02 per share in the third quarter of 2025, as compared to $0.02 per share in the second quarter of 2025.
- 7
As of September 30, 2025, the Company reports a total of $13 million in cash, cash equivalents, restricted cash, and receivables.
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