SKYX Platforms slightly misses Q4 revenue estimates

SKYX Platforms

26/03/2026 20:23

Overview

U.S. smart home tech firm's Q4 revenue slightly missed analyst expectations, full-year revenue grew

Gross profit for 2025 increased 13% yr/yr to $28 mln

Company raised $29 mln in Q1 2026 to support growth initiatives

Outlook

SKYX expects continued growth in 2026 to advance its path to cash-flow positive

Company anticipates significant business opportunities in hotel and builder segments in H1 2026

SKYX expects to deploy over 100,000 products into homes/units by end of 2026

Result Drivers

PRODUCT LAUNCHES - Co said new products like the Turbo Heater Fan and SKYFAN, launched on its e-commerce platform and at major U.S. retailers, contributed to sales growth

RETAIL AND E-COMMERCE EXPANSION - Management cited expanded distribution through 60 websites and leading U.S. retailers as supporting higher sales and faster cash conversion

HOTEL AND PROJECT SEGMENTS - Co said demonstration projects and investments in hotel and builder segments, including Marriott, are expected to drive further growth

Company press release: ID:nGNX4jJWCb

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Miss*
$25 mln
$25.20 mln (6 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 210.6% above its March 25 closing price of $1.61

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.)