Skyx Platforms Q1 Revenue Beats Estimates On Retail, E: commerce expansion

SKYX Platforms

11/05/2026 21:16

Overview

U.S. smart home tech firm's Q1 revenue rose 10% yr/yr, beating analyst expectations

Gross profit for Q1 increased 16% to $7 mln, with margin rising to 30%

Net loss per share narrowed to $0.07 from $0.09 yr/yr

Outlook

SKYX expects to become cash flow positive exiting 2026

Company expects to deploy over 100,000 units of its products into homes/units during 2026

SKYX will launch new AI-driven e-commerce system, targeting up to 30% higher conversion rate and sales

Result Drivers

HOTEL AND BUILDER SEGMENTS - Co said growth was supported by progress in hotel and builder segments, including new strategic partnerships and deployments in Europe and the U.S.

RETAIL AND E-COMMERCE EXPANSION - Increased sales through major U.S. retailers and 60 e-commerce websites contributed to revenue growth

PRODUCT MIX AND MARGIN IMPROVEMENT - Gross profit and margin rose, with management citing a robust gross margin profile and increased sales of higher-margin products

Company press release: ID:nGNXb1CsV6

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$22 mln
$21.77 mln (6 Analysts)
Q1 EPS
-$0.07
Q1 Gross Profit
$7 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for SKYX Platforms Corp is $5.00, about 267.6% above its May 8 closing price of $1.36

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)