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SQL Technologies (SKYX)
NASDAQ:SKYX
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.09Last Year’s EPS
-0.1Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 24, 2025
|% Change Since: -6.67%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
The earnings call presents a positive outlook with substantial revenue growth, strategic partnerships, and a clear path to becoming cash flow positive. Despite minor concerns about gross margins and tariffs, the management has plans in place to mitigate these challenges.Company Guidance
During the SKYX Platforms Corporation Fourth Quarter 2024 Earnings Call, several key metrics were highlighted. The company reported a 48% increase in revenue for 2024, growing from $58.8 million in 2023 to $86.3 million. Net sales of advanced and smart home-related products surged over 1,000%, and the company anticipates placing its products in 20,000 units and homes by Q1 2025, with tens of thousands more expected throughout the year. They achieved record sales with quarterly revenue increasing to $23.7 million in Q4 2024 from $22.2 million in Q4 2023. The company reduced G&A expenses by $5.7 million to $31.4 million and decreased total liabilities by $3.3 million, along with a $3.9 million reduction in net loss compared to the previous year. Adjusted EBITDA loss per share was $0.13 in 2024, down from $0.17 in 2023. Furthermore, the company secured $11 million of equity preferred stock investment, and its gross profit increased by 36% year-over-year. SKYX plans to become cash flow positive in the second half of 2025, driven by significant projects and order growth.Revenue Growth
Revenue increased by 48% from $58.8 million in 2023 to $86.3 million in 2024. Net sales of advanced and smart home-related products surged over 1,000%.
Record Quarterly Revenue
Achieved revenue growth in 4 consecutive quarters for 2024 with record sales, reaching $23.7 million in Q4.
Cash Flow Positive Outlook
The company expects to become cash flow positive in the second half of 2025.
Partnerships and Collaborations
Significant partnerships with Home Depot, Wayfair, Cavco Homes, and others, enhancing market penetration with smart plug & play products.
Gross Profit Increase
Gross profit increased by 36% year-over-year, with an approximate increase of $6.5 million.
Cost Management
Reduction in G&A expenses by $5.7 million, from $37 million in 2023 to $31.4 million in 2024.
Strategic Investments
Secured $11 million of equity preferred stock investment led by Shaner Group, with additional insider investments.
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SKYX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SKYX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 24, 2025 | $1.35 | $1.37 | +1.48% |
| Nov 12, 2024 | $1.26 | $1.21 | -3.97% |
| Aug 12, 2024 | $1.00 | $1.02 | +2.00% |
| May 14, 2024 | $1.12 | $1.08 | -3.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SQL Technologies (SKYX) report earnings?
SQL Technologies (SKYX) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is SQL Technologies (SKYX) earnings time?
SQL Technologies (SKYX) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SKYX EPS forecast?
SKYX EPS forecast for the fiscal quarter 2025 (Q1) is -0.09.
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