SKYX Platforms (SKYX) to Release Quarterly Earnings on Monday

Key Points

• SKYX Platforms is scheduled to release its Q2 2025 earnings on Monday, August 11th, with analysts projecting a loss of ($0.08) per share and revenue of $22.95 million.
• The company recently reported a net margin of negative 40.45% and a return on equity of negative 3,407.81%, with last quarter revenue of $20.10 million falling short of the $20.25 million expectation.
• Analysts at Wall Street Zen have downgraded the company's stock rating from "hold" to "sell" amidst conflicting institutional investor activities.

SKYX Platforms (NASDAQ:SKYX - Get Free Report) is anticipated to announce its Q2 2025 earnings results before the market opens on Monday, August 11th. Analysts expect the company to announce earnings of ($0.08) per share and revenue of $22.95 million for the quarter.

SKYX Platforms (NASDAQ:SKYX - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. SKYX Platforms had a negative net margin of 40.45% and a negative return on equity of 3,407.81%. The business had revenue of $20.10 million for the quarter, compared to analyst estimates of $20.25 million. On average, analysts expect SKYX Platforms to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SKYX Platforms Price Performance

Shares of SKYX traded down $0.03 during trading hours on Wednesday, hitting $1.05. The stock had a trading volume of 35,053 shares, compared to its average volume of 558,967. The company's fifty day moving average is $1.14 and its two-hundred day moving average is $1.29. SKYX Platforms has a 52 week low of $0.80 and a 52 week high of $2.14. The stock has a market capitalization of $112.26 million, a price-to-earnings ratio of -2.93 and a beta of -3,533.92.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of SKYX Platforms from a "hold" rating to a "sell" rating in a report on Saturday.

Institutional Investors Weigh In On SKYX Platforms

A hedge fund recently raised its stake in SKYX Platforms stock. Jane Street Group LLC grew its holdings in SKYX Platforms Corp. (NASDAQ:SKYX - Free Report) by 258.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 190,265 shares of the company's stock after purchasing an additional 137,193 shares during the quarter. Jane Street Group LLC owned approximately 0.18% of SKYX Platforms worth $217,000 at the end of the most recent reporting period. 11.79% of the stock is owned by institutional investors and hedge funds.

About SKYX Platforms

SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company's first and second-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed and plugged into a ceiling's electrical outlet box. It also provides universal power-plugs and receptacle products.