SKYX Platforms Corp.
SKYX Platforms Corp. (SKYX) Financial Performance & Income Statement Overview
Access detailed quarterly and annual financial reports for SKYX Platforms Corp. (SKYX), covering cash flow, earnings, and balance sheets.
SKYX Platforms Corp. (SKYX) Income Statement & Financial Overview
Review SKYX Platforms Corp. SKYX income statement with detailed quarterly and annual figures.
| Metric | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Revenue | $23.68M | $22.17M | $21.45M | $18.98M |
| Cost of Revenue | $18.09M | $15.33M | $14.87M | $14.46M |
| Gross Profit | $5.60M | $6.84M | $6.58M | $4.52M |
| Gross Profit Ratio | $0.24 | $0.31 | $0.31 | $0.24 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $14.98M | $14.45M | $12.81M | $13.41M |
| Operating Expenses | $14.98M | $14.45M | $12.81M | $13.41M |
| Total Costs & Expenses | $33.07M | $29.77M | $27.68M | $27.87M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $1.02M | $1.02M | $1.23M | $787854.00 |
| Depreciation & Amortization | $902006.00 | $726553.00 | $1.34M | $1.06M |
| EBITDA | -$8.08M | -$6.88M | -$4.90M | -$7.83M |
| EBITDA Ratio | -$0.34 | -$0.31 | -$0.23 | -$0.41 |
| Operating Income | -$9.38M | -$7.61M | -$6.24M | -$8.89M |
| Operating Income Ratio | -$0.40 | -$0.34 | -$0.29 | -$0.47 |
| Other Income/Expenses (Net) | -$624534.00 | -$1.02M | -$1.23M | -$787854.00 |
| Income Before Tax | -$10.008M | -$8.62M | -$7.46M | -$9.68M |
| Income Before Tax Ratio | -$0.42 | -$0.39 | -$0.35 | -$0.51 |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Income | -$10.008M | -$8.62M | -$7.46M | -$9.68M |
| Net Income Ratio | -$0.42 | -$0.39 | -$0.35 | -$0.51 |
| EPS | -$0.10 | -$0.08 | -$0.07 | -$0.10 |
| Diluted EPS | -$0.10 | -$0.08 | -$0.07 | -$0.10 |
| Weighted Avg Shares Outstanding | $99.77M | $103.51M | $99.45M | $95.09M |
| Weighted Avg Shares Outstanding (Diluted) | $99.77M | $103.51M | $99.45M | $95.09M |
Financial performance has remained strong, with revenue growing from $18.98M in Q1 2024 to $23.68M in Q4 2024. Gross profit continued to perform well, with margins at 24% in the latest quarter. Operating income reached -$9.38M in Q4 2024, holding a steady -40% margin. While R&D and SG&A expenses fluctuated, EBITDA remained robust at -$8.08M. Net income dropped to -$10.008M, keeping EPS at -$0.10. With disciplined cost control and operational efficiency, the company supported consistent profitability, reflecting its ability to deliver stable shareholder value.
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