SKYX Platforms (SKYX) Expected to Announce 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 projected to release its Q2 2025 earnings data before the market opens on Monday, August 11th. Analysts expect SKYX Platforms to post earnings of ($0.08) per share and revenue of $22.95 million for the quarter.

SKYX Platforms (NASDAQ:SKYX - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported ($0.09) EPS 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 company had revenue of $20.10 million during the quarter, compared to analysts' expectations 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 Trading Up 8.4%

Shares of SKYX traded up $0.09 during midday trading on Friday, hitting $1.16. The stock had a trading volume of 403,671 shares, compared to its average volume of 396,950. SKYX Platforms has a fifty-two week low of $0.80 and a fifty-two week high of $2.14. The business has a 50-day simple moving average of $1.13 and a two-hundred day simple moving average of $1.28. The firm has a market cap of $124.02 million, a P/E ratio of -3.22 and a beta of -3,533.92.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of SKYX Platforms from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SKYX. Geode Capital Management LLC boosted its holdings in shares of SKYX Platforms by 96.9% during the second quarter. Geode Capital Management LLC now owns 1,460,777 shares of the company's stock worth $1,527,000 after purchasing an additional 718,712 shares during the period. Jane Street Group LLC boosted its holdings in shares of SKYX Platforms by 258.5% during the first quarter. Jane Street Group LLC now owns 190,265 shares of the company's stock worth $217,000 after purchasing an additional 137,193 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of SKYX Platforms by 685.0% during the first quarter. Goldman Sachs Group Inc. now owns 264,724 shares of the company's stock worth $302,000 after purchasing an additional 231,000 shares during the period. 11.79% of the stock is currently owned by institutional investors and hedge funds.

SKYX Platforms Company Profile

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.