Skyx Platforms (SKYX) Earnings Report, Financial Results, Financial analysis

Skyx Platforms Corp increased third quarter of 2023 net loss per share of $-0.08 compare to net loss per share of $-0.07 recorded in the same quarter a year ago and improved compare to net loss per share of $-0.14 realized in previous quarter.

*third quarter of 2023*
Earnings Per Share	Revenues
$ -0.08	$ 21 Mill
$-0.01	$+21M +241836.49 %

Skyx Platforms 's Revenue rose by 241836.49 % in third quarter of 2023 (Sep 30 2023) year on year, to $21 million and advanced by 40.86 % sequentially.

Skyx Platforms is

More on SKYX's Income Statement

SKYX's NET INCOME

Skyx Platforms 's in thethird quarter of 2023 recorded net loss of $-7.184 million, an increase from net loss of $-5.659 million in III. Quarter a year ago.

Sequentially net loss narrowed from net loss of $-12.268 million realized in previous quarter.

More on SKYX's Growth

Skyx Platforms Inventories
Inventories grew by 266.71 % to $5 million from III. Quarter a year ago, sequentially inventories rose by 11.64 %. In Sep 30 2023 company's net cash and cash equivalents decreased by $-2 million, capital expenditures fell by -0.050196138.95%, to $0 millions compare to same quarter a year ago

More on SKYX's Cash flow Statement

Earnings quality

Skyx Platforms Corp does not pay out common stock dividend.

In trailing twelve-month period Skyx Platforms Corp payed $ -0.16 cash per share, on a free-cash flow basis .

Book value fell by -22.70 % sequentially to $0.19 per share, -15.11% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ -0.08 per share from $ -0.04.

Company issued 4.46 million shares or 5.15 % in Sep 30 2023.

• More on SKYX's Dividends

Market Capitalization (Millions)	88
Shares Outstanding (Millions)	91
Total Debt (Millions $)	7
Revenue (TTM) (Millions $)	35
Net Income (TTM) (Millions $)	-32
Cash Flow (TTM) (Millions $)	9
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	-

Earnings quality

Skyx Platforms Corp does not pay out common stock dividend.

In trailing twelve-month period Skyx Platforms Corp had negative $ -0.16 cash flow per share, on a free-cash flow basis .

Book value fell by -22.70 % sequentially to $0.19 per share, -15.11% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ -0.08 per share from $ -0.04.

Company issued 4.46 million shares or 5.15 % in Sep 30 2023.

• More on SKYX's Balance Sheets

Market Capitalization (Millions)	88
Shares Outstanding (Millions)	91
Total Debt (Millions $)	7
Revenue (TTM) (Millions $)	35
Net Income (TTM) (Millions $)	-32
Cash Flow (TTM) (Millions $)	9
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	-

Skyx Platforms Corp

SKYX's Financial Statements and Analysis

News about Skyx Platforms Corp Earnings

Skyrocketing Success: Company Records Astounding 241,836.489% Revenue Surge in Recent Fiscal Period

Despite a Surge in Revenue, Skyx Platforms Corp Struggles to Turn a Profit in 2023 Q2

Skyx Platforms Corp Reports Impressive Revenue Growth and Narrowed Net Loss in Recent Fiscal Period