Roth MKM initiated coverage of Skyx Platforms with a Buy rating and $2 price target. The company’s SkyOutlet system can change the landscape of lighting and other ceiling installations, the analyst tells investors in a research note. The firm says the system simplifies, reduces costs and improves safety around installations. As Skyx’s partnerships mature and additional opportunities arise, the company should see a significant ramp in revenue beginning in the second half of 2024 and achieve positive cash flow in the second half of 2025, contends Roth.
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Read More on SKYX:
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