SKYX Platforms Corp (NAS:SKYX)

Q1 2025 SKYX Platforms Corp Earnings Call Transcript

May 14, 2025 / 08:30 PM GMT

Release Date Price: $1.35 (-4.26%)

Transcript 10-Q8-K

Key Points

Positve

SKYX Platforms Corp (SKYX) reported a 6% increase in revenue for Q1 2025, reaching $20.1 million compared to $18.9 million in Q1 2024.
The company achieved its 5th consecutive quarter of year-over-year revenue growth.
Gross margin improved by 4.8% and gross profit increased by 2% in Q1 2025 compared to Q4 2024.
General and administrative expenses decreased by 17% compared to Q1 2024.
SKYX Platforms Corp (SKYX) secured approximately $4 million in additional equity, contributing to a broader financing round totaling $15 million.

Negative

Cash equivalents and restricted cash decreased from $15.5 million as of March 31, 2024, to $12.3 million as of March 31, 2025.
Net cash used in operating activities was $4 million in Q1 2025, although this was a decrease from $6.1 million in Q4 2024.
The company reported an adjusted EBITDA loss of $3.6 million or $0.04 per share in Q1 2025.
The net loss per share was $0.09 in Q1 2025, only a slight improvement from $0.10 per share in Q1 2024.
There are ongoing uncertainties regarding the timeline and impact of mandatory standardization for their safety products.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SKYX.OQ - SKYX Platforms Corp
Q1 2025 SKYX Platforms Corp Earnings Call
May 14, 2025 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the Sky X platforms corp first quarter 2025 earnings call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0.

After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star than 1 on your touch tone phone, and to withdraw your question, please press star, then 2. Before we begin, please note that today's call may contain forward-looking statements based on current expectations and assumptions. These are subject to risk and uncertainties, and actual results may differ materially.

For a more complete discussion, please refer to our Form 10 for

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