A Business at a Glance
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ITEM 1. BUSINESS As electricity is a standard in every home and building, our mission is to make homes and buildings become safe advanced and smart as the standard. Sky Technologies has a series of highly disruptive advanced-safe-smart platform technologies, with almost 100 U.S. and global patents and patent pending applications. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. In addition, during 2023, we expanded our operations by acquiring an online retailer and e-commerce provider specializing in home lighting, ceiling fans, and other home furnishings.
| Metric | TTM | FY2024 | FY2023 | FY2015 | FY2014 |
|---|---|---|---|---|---|
| Revenue | 91M | 86M | 59M | - | 0 |
| Net Income | -36M | -36M | -40M | -27M | -7.3M |
| EPS | $-0.35 | $-0.36 | $-0.45 | $-0.76 | $-0.22 |
| Free Cash Flow | 0 | -18M | -13M | -3.8M | -1.8M |
| ROIC | -42.4% | -38.5% | -6982.6% | - | - |
| Gross Margin | - | 28.5% | 30.7% | - | - |
| Debt/Equity | 0.00 | 0.12 | 0.06 | - | - |
| Dividends/Share | $0.00 | - | - | - | - |
| Operating Income | -31M | -32M | -38M | -24M | -5.2M |
| Operating Margin | -34.6% | -37.2% | -64.3% | - | - |
| ROE | 0.0% | -354.9% | -244.9% | - | - |
| Shares Outstanding | 114M | 100M | 88M | 35M | 33M |
| Metric | 2014 | 2015 | |||
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 0 | N/A | 59M | 86M | 91M |
| Gross Margin | N/A | N/A | 30.7% | 28.5% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -5.2M | -24M | -38M | -32M | -31M |
| Op. Margin | N/A | N/A | -64.3% | -37.2% | -34.6% |
| Net Income | -7.3M | -27M | -40M | -36M | -36M |
| Net Margin | N/A | N/A | -67.6% | -41.7% | -39.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||
| ROIC | N/A | N/A | N/M | -38.5% | -42.4% |
| ROE | N/A | N/A | -244.9% | -354.9% | 0.0% |
| ROA | -64.9% | -273.8% | -52.0% | -50.6% | -60.8% |
| Cash Flow | |||||
| Op. Cash Flow | -1.8M | -3.8M | -13M | -18M | -17M |
| Free Cash Flow | -1.8M | -3.8M | -13M | -18M | 0 |
| Owner Earnings | -1.8M | -4.0M | -34M | -36M | -34M |
| CapEx | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 17K | 22K | 2.9M | 4.1M | 4.1M |
| Growth CapEx | N/A | N/A | N/A | N/A | 0 |
| D&A | 17K | 22K | 2.9M | 4.1M | 4.1M |
| CapEx/OCF | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 0 | 174K | 18M | 13M | 13M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||
| Net Debt | 162K | 15K | -16M | -12M | -7.8M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | 7.8M |
| Long-Term Debt | 162K | 15K | 1.0M | 504K | 504K |
| Debt/Equity | N/A | N/A | 0.06 | 0.12 | 0.00 |
| Interest Coverage | -2.4 | -8.4 | -31.5 | -80.3 | -80.3 |
| Equity | N/A | N/A | 16M | 4.1M | -3.8M |
| Total Assets | 11M | 8.4M | 76M | 66M | 58M |
| Total Liabilities | N/A | N/A | 60M | 57M | 57M |
| Intangibles | N/A | N/A | 16M | 16M | 16M |
| Retained Earnings | -16M | -43M | -146M | -182M | -182M |
| Working Capital | -6.3M | -28M | 3.1M | -5.8M | -5.8M |
| Current Assets | 1.3M | 985K | 27M | 20M | 20M |
| Current Liabilities | 7.6M | 29M | 24M | 26M | 26M |
| Per Share Data | |||||
| EPS | -0.22 | -0.76 | -0.45 | -0.36 | -0.35 |
| Owner EPS | -0.05 | -0.11 | -0.38 | -0.36 | -0.30 |
| Book Value | N/A | N/A | 0.18 | 0.04 | -0.03 |
| Cash Flow/Share | -0.05 | -0.11 | -0.15 | -0.18 | -0.28 |
| Dividends/Share | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 33.2M | 35.4M | 88.3M | 99.9M | 113.7M |
| Valuation | |||||
| P/E Ratio | N/A | N/A | N/A | N/A | -3.3 |
| P/FCF | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 9.3 | 24.9 | N/A |
| Price/Sales | N/A | N/A | 3.7 | 1.3 | 1.5 |
| FCF Yield | N/A | N/A | -8.7% | -18.1% | N/A |
| Market Cap | N/A | N/A | 150M | 101M | 133M |
| Avg. Price | N/A | N/A | 2.49 | 1.12 | 1.17 |
| Year-End Price | N/A | N/A | 1.70 | 1.01 | 1.17 |
SKYX Platforms Corp. passes 0 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 29.6%.
SKYX Platforms Corp. (SKYX) has a 5-year average return on invested capital (ROIC) of -38.5%. This is below average and may indicate limited pricing power.
SKYX Platforms Corp. (SKYX) has a market capitalization of $133M. It is classified as a small-cap stock.
SKYX Platforms Corp. (SKYX) does not currently pay a regular dividend.
SKYX Platforms Corp. (SKYX) operates in the Electric Lighting & Wiring Equipment industry, within the Industrials sector.
SKYX Platforms Corp. (SKYX) reported annual revenue of $86 million in its most recent fiscal year, based on SEC EDGAR filings.
SKYX Platforms Corp. (SKYX) has a net profit margin of -41.7%. The company is currently unprofitable.
SKYX Platforms Corp. (SKYX) generated $-18 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
SKYX Platforms Corp. (SKYX) has a debt-to-equity ratio of 0.12. This indicates a conservatively financed balance sheet.
SKYX Platforms Corp. (SKYX) reported earnings per share (EPS) of $-0.36 in its most recent fiscal year.
SKYX Platforms Corp. (SKYX) has a return on equity (ROE) of -354.9%. A negative ROE may indicate losses or negative equity.
SKYX Platforms Corp. (SKYX) has a 5-year average gross margin of 29.6%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 4 years of financial data for SKYX Platforms Corp. (SKYX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SKYX Platforms Corp. (SKYX) has a book value per share of $0.04, based on its most recent annual SEC filing.