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SKYX Platforms Corp. (SKYX) 10-Year Financial Performance & Capital Metrics

SKYX • • Industrial / General
IndustrialsElectrical EquipmentElectrical Infrastructure ProductsElectrical Enclosures & Protection
AboutSKYX Platforms Corp. provides a series of safe-smart platform technologies. The company's first-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed into a ceiling's electrical outlet box; and second-generation technology provides a platform that is designed to enhance safety and lifestyle of homes and other buildings. It offers power-plugs; universal power-plug and receptacle products; and smart products. The company was formerly known as SQL Technologies Corp. and changed its name to SKYX Platforms Corp. in June 2022. SKYX Platforms Corp. was incorporated in 2004 and is headquartered in Pompano Beach, Florida.Show more
  • Revenue $86M +46.8%
  • EBITDA -$28M +23.8%
  • Net Income -$36M +10.0%
  • EPS (Diluted) -0.36 +20.0%
  • Gross Margin 28.51% -7.1%
  • EBITDA Margin -32.51% +48.1%
  • Operating Margin -37.22% +42.2%
  • Net Margin -41.46% +38.7%
  • ROE -283.03% +13.3%
  • ROIC -65.96% +19.6%
  • Debt/Equity 4.35 +86.4%
  • Interest Coverage -7.92 +25.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 91 (top 9%)
  • ✓Strong 5Y sales CAGR of 86.6%
  • ✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

  • ✗High debt to equity ratio of 4.3x
  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Shares diluted 12.9% in last year
  • ✗Expensive at 26.3x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y86.64%
3Y1160.21%
TTM7.06%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM6.77%

EPS CAGR

10Y-
5Y-
3Y-
TTM11.31%

ROCE

10Y Avg-238.58%
5Y Avg-152.93%
3Y Avg-91.36%
Latest-69.88%

Peer Comparison

Electrical Enclosures & Protection
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Growth
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
RFILRF Industries, Ltd.94.71M8.8488424.25%-0.44%-0.97%4.59%0.76
NVTnVent Electric plc17.42B107.9854.8112.63%16.83%16.59%3.27%0.70
KEKimball Electronics, Inc.763.74M31.3846.15-13.29%1.62%4.14%19.67%0.26
HUBBHubbell Incorporated25.73B484.1133.694.76%15.24%23.39%3.15%0.52
CCTGCCSC Technology International Holdings Limited Ordinary Shares3.96M0.12-0.9719.55%-11.73%-25.59%0.12
SKYXSKYX Platforms Corp.276.64M2.39-6.6446.76%-39.12%-30.58%4.35
ATKRAtkore Inc.2.39B70.84-157.42-10.98%-0.53%-1.09%12.37%0.66

Profit & Loss

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+02.89M7.01M7.7M3.81M258.38K43.11K32.02K58.79M86.28M
Revenue Growth %--1.43%0.1%-0.51%-0.93%-0.83%-0.26%1834.79%0.47%
Cost of Goods Sold+2.46M2.48M6.14M6.38M3.66M503.03K149.29K18.91K40.75M61.68M
COGS % of Revenue-0.86%0.87%0.83%0.96%1.95%3.46%0.59%0.69%0.71%
Gross Profit+-2.46M407.75K878.58K1.32M153.48K-244.66K-106.18K13.11K18.04M24.59M
Gross Margin %-0.14%0.13%0.17%0.04%-0.95%-2.46%0.41%0.31%0.29%
Gross Profit Growth %-1.17%1.15%0.5%-0.88%-2.59%0.57%1.12%1374.84%0.36%
Operating Expenses+4.8M5.24M6.87M7.62M16.48M8.74M5.08M26.64M55.86M56.71M
OpEx % of Revenue-1.82%0.98%0.99%4.33%33.83%117.89%831.87%0.95%0.66%
Selling, General & Admin4.8M5.24M6.87M5.13M16.48M8.74M5.08M26.64M55.86M56.71M
SG&A % of Revenue-1.82%0.98%0.67%4.33%33.83%117.89%831.87%0.95%0.66%
Research & Development00002.23M00000
R&D % of Revenue----0.59%-----
Other Operating Expenses0992017.84K-2.23M00000
Operating Income+-4.8M-4.83M-5.99M-6.9M-16.33M-8.99M-5.19M-26.63M-37.83M-32.11M
Operating Margin %--1.67%-0.85%-0.9%-4.29%-34.78%-120.35%-831.47%-0.64%-0.37%
Operating Income Growth %-2.42%-0.01%-0.24%-0.15%-1.37%0.45%0.42%-4.13%-0.42%0.15%
EBITDA+-2.34M-2.36M-3.51M-4.41M-16.22M-8.88M-5.1M-25.93M-36.81M-28.05M
EBITDA Margin %--0.82%-0.5%-0.57%-4.26%-34.37%-118.39%-809.66%-0.63%-0.33%
EBITDA Growth %-0.68%-0.01%-0.49%-0.26%-2.68%0.45%0.43%-4.08%-0.42%0.24%
D&A (Non-Cash Add-back)2.46M2.47M2.48M2.5M107.24K106.31K84.29K698.38K1.02M4.07M
EBIT-4.8M-24.03M-97.47M-26.42M-16.33M-8.73M-5.17M-26.45M-37.83M-31.71M
Net Interest Income+0-2.86M-980.87K-294.74K-473.13K-514K-560.38K-589.01K-3.11M-4.06M
Interest Income000017.49K1.51K360451.7K0
Interest Expense2.14M2.86M980.87K294.74K490.63K515.51K560.42K589.01K3.56M4.06M
Other Income/Expense-2.01M-22.06M-92.46M-19.82M-422.7K-256.13K-542.33K-410.76K-1.91M-3.66M
Pretax Income+-6.8M-26.89M-98.45M-26.72M-16.75M-9.24M-5.73M-27.04M-39.73M-35.77M
Pretax Margin %--9.32%-14.03%-3.47%-4.4%-35.77%-132.93%-844.29%-0.68%-0.41%
Income Tax+2.14M000000000
Effective Tax Rate %1%1%1%1%1%1%1%1%1%1%
Net Income+-6.8M-26.89M-98.45M-26.72M-16.75M-9.24M-5.73M-27.07M-39.73M-35.77M
Net Margin %--9.32%-14.03%-3.47%-4.4%-35.77%-132.93%-845.4%-0.68%-0.41%
Net Income Growth %-1.64%-2.95%-2.66%0.73%0.37%0.45%0.38%-3.72%-0.47%0.1%
Net Income (Continuing)-7.29M-26.89M-98.45M-26.72M-16.75M-9.24M-5.73M-27.04M-39.73M-35.77M
Discontinued Operations0000000000
Minority Interest-35.44K-35.44K-35.44K-35.44K-35.44K-35.44K-35.44K000
EPS (Diluted)+-0.17-0.76-2.60-0.55-0.29-0.15-0.09-0.40-0.45-0.36
EPS Growth %-1.63%-3.47%-2.42%0.79%0.47%0.48%0.4%-3.43%-0.13%0.2%
EPS (Basic)-0.17-0.76-2.60-0.55-0.29-0.15-0.09-0.40-0.45-0.36
Diluted Shares Outstanding39.85M35.41M37.92M48.94M57.96M62.88M64.94M79.49M88.37M99.77M
Basic Shares Outstanding39.85M35.41M37.92M48.94M57.96M62.88M64.94M79.49M88.29M99.77M
Dividend Payout Ratio----------

Balance Sheet

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.27M985.03K7.36M8.34M3.54M3.23M11.39M16.33M27.32M20.37M
Cash & Short-Term Investments1.24M450.87K4.13M4.88M1.87M2.31M10.43M14.09M16.81M12.64M
Cash Only1.24M450.87K4.13M4.88M1.87M2.31M10.43M6.72M16.81M12.64M
Short-Term Investments00000007.37M00
Accounts Receivable0234.31K796.82K1.05M419.54K1.54K11503.38M2.42M
Days Sales Outstanding-29.6441.4649.7640.192.180.97-21.0210.22
Inventory0263.87K2.4M2.36M1.24M918.65K918.65K1.92M3.43M3.79M
Days Inventory Outstanding-38.88142.82134.88124.19666.572.25K37.12K30.6822.4
Other Current Assets021100000311.62K2.97M1.53M
Total Non-Current Assets+9.97M7.41M5.1M2.08M539.63K473K567.92K26.85M49.02M45.51M
Property, Plant & Equipment132.61K127.52K113.61K194.87K180.79K67.73K25.71K23.26M21.65M21.1M
Fixed Asset Turnover-22.62x61.75x39.52x21.07x3.81x1.68x0.00x2.72x4.09x
Goodwill0000000016.16M16.16M
Intangible Assets9.61M7.21M4.78M1.84M340.58K403.09K540.03K662.8K8.14M5.19M
Long-Term Investments0078K000002.87M2.86M
Other Non-Current Assets227.66K80.32K202.35K40.93K18.25K2.17K2.17K5.66M204.81K204.81K
Total Assets+11.24M8.4M12.46M10.42M4.08M3.7M11.95M43.18M76.34M65.89M
Asset Turnover-0.34x0.56x0.74x0.93x0.07x0.00x0.00x0.77x1.31x
Asset Growth %6.81%-0.25%0.48%-0.16%-0.61%-0.09%2.23%2.61%0.77%-0.14%
Total Current Liabilities+7.12M29.16M28.78M31.61M1.02M2.21M2.63M7.42M24.19M26.14M
Accounts Payable1.04M807.8K1.06M1.36M849.58K1.01M996.73K1.37M10.11M13.24M
Days Payables Outstanding154.88119.0263.0678.0684.81731.442.44K26.43K90.5978.32
Short-Term Debt1.35M4.15M3.63M270.22K0344.03K404.65K1.71M6.9M8.25M
Deferred Revenue (Current)000000001000K1000K
Other Current Liabilities4.73M24.2M24.1M29.98M0500K1.2M3.11M2.93M-2.98M
Current Ratio0.18x0.03x0.26x0.26x3.48x1.46x4.32x2.20x1.13x0.78x
Quick Ratio0.18x0.02x0.17x0.19x2.26x1.05x3.97x1.94x0.99x0.63x
Cash Conversion Cycle--50.5121.22106.5879.57-62.69-189.93--38.89-45.7
Total Non-Current Liabilities+13M11.99M55.77M3.46M9.77M10.37M9.43M27.63M35.93M30.7M
Long-Term Debt995.02K193.8K73.6K3.46M5.46M6.54M6.79M4.87M6.78M8.38M
Capital Lease Obligations000000022.76M22.27M20.38M
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities12M11.8M55.7M04.31M3.84M2.64M06.88M1.94M
Total Liabilities20.12M41.15M84.55M35.07M10.79M12.59M12.06M35.05M60.12M56.83M
Total Debt+2.34M4.34M3.7M3.73M5.51M6.88M7.2M30.46M37.84M39.36M
Net Debt1.1M3.89M-426.33K-1.15M3.64M4.57M-3.23M23.74M21.03M26.72M
Debt / Equity-------3.75x2.33x4.35x
Debt / EBITDA----------
Net Debt / EBITDA----------
Interest Coverage-2.24x-1.69x-6.10x-23.42x-33.28x-17.43x-9.26x-45.20x-10.62x-7.92x
Total Equity+-8.87M-32.75M-72.09M-24.65M-6.7M-8.88M-110.72K8.13M16.22M9.05M
Equity Growth %-2.76%-2.69%-1.2%0.66%0.73%-0.32%0.99%74.4%1%-0.44%
Book Value per Share-0.22-0.92-1.90-0.50-0.12-0.14-0.000.100.180.09
Total Shareholders' Equity-8.84M-32.71M-72.06M-24.61M-6.67M-8.85M-75.28K8.13M16.22M9.05M
Common Stock127.4K2.89M12.29M17.58M30.51M34.35M70.88M114.04M162.03M179.84M
Retained Earnings-15.32M-42.7M-141.18M-168.05M-59.04M-68.41M-74.27M-106.07M-145.8M-181.78M
Treasury Stock0042.56K0000000
Accumulated OCI0625K-78K06.78M00-62.15K00
Minority Interest-35.44K-35.44K-35.44K-35.44K-35.44K-35.44K-35.44K000

Cash Flow

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-1.8M-3.77M-6.17M-4.35M-6.19M-3.13M-4.63M-13.84M-13M-18.26M
Operating CF Margin %--1.31%-0.88%-0.56%-1.62%-12.11%-107.35%-432.15%-0.22%-0.21%
Operating CF Growth %-1.63%-1.09%-0.64%0.29%-0.42%0.49%-0.48%-1.99%0.06%-0.4%
Net Income-6.8M-26.89M-98.45M-26.72M-16.75M-9.24M-5.73M-27.04M-39.73M-35.77M
Depreciation & Amortization2.46M2.47M2.48M2.5M107.24K106.31K84.29K883.23K3.06M4.07M
Stock-Based Compensation76.31K173.69K931K2M05.07M1.46M13.96M013.47M
Deferred Taxes0000000000
Other Non-Cash Items1.62M21.63M92.91M20.15M9.58M-257.47K-10K-178.25K17.97M1.93M
Working Capital Changes933.91K-975.22K-3.11M-274.06K876.89K1.2M-434.66K-1.47M5.71M-1.96M
Change in Receivables0-234.31K-562.51K-253.14K223.12K417.99K1.43K0-863.22K969.66K
Change in Inventory0-263.87K-2.14M48.48K0325.36K0-1M283.91K-359.61K
Change in Payables0-233.94K246.91K283.8K93.94K158.47K-58.65K04.24M0
Cash from Investing+-168.54K-59.48K-43.69K-241.65K-232.57K-109.88K-179.2K-8.06M3.24M-1.73M
Capital Expenditures-168.54K-59.48K-43.69K-241.65K-232.57K-15.34K-179.2K-312.69K0-981.43K
CapEx % of Revenue-0.02%0.01%0.03%0.06%0.06%4.16%9.76%0.22%0.01%
Acquisitions----------
Investments----------
Other Investing-24.72K-42.1K-31.13K-109.46K0-94.54K0-307.63K00
Cash from Financing+2.08M3.04M9.89M5.34M3.42M3.67M12.92M20.93M22.73M13.06M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid00-30.97K-149.74K-130.21K-130.21K-129.46K-38.05K00
Share Repurchases----------
Other Financing-69.6K00002.02M130K-1.69M0-88.43K
Net Change in Cash----------
Free Cash Flow+-1.97M-3.83M-6.21M-4.59M-6.27M-3.24M-4.81M-14.46M0-19.24M
FCF Margin %--1.33%-0.89%-0.6%-1.65%-12.54%-111.51%-451.53%--0.22%
FCF Growth %-1.85%-0.94%-0.62%0.26%-0.37%0.48%-0.48%-2.01%1%-
FCF per Share-0.05-0.11-0.16-0.09-0.11-0.05-0.07-0.18--0.19
FCF Conversion (FCF/Net Income)0.26x0.14x0.06x0.16x0.37x0.34x0.81x0.51x0.33x0.51x
Interest Paid00000515.51K425.32K303.96K03.28M
Taxes Paid0000000000

Key Ratios

Metric2014201520162017201920202021202220232024
Return on Equity (ROE)--------675.39%-326.36%-283.03%
Return on Invested Capital (ROIC)--------139.99%-82.09%-65.96%
Gross Margin-14.13%12.52%17.16%4.03%-94.69%-246.3%40.94%30.68%28.51%
Net Margin--932.07%-1403.4%-346.95%-439.73%-3577%-13292.85%-84539.95%-67.59%-41.46%
Debt / Equity-------3.75x2.33x4.35x
Interest Coverage-2.24x-1.69x-6.10x-23.42x-33.28x-17.43x-9.26x-45.20x-10.62x-7.92x
FCF Conversion0.26x0.14x0.06x0.16x0.37x0.34x0.81x0.51x0.33x0.51x
Revenue Growth--143.15%9.78%-50.53%-93.22%-83.32%-25.72%183479.3%46.76%

Frequently Asked Questions

Growth & Financials

SKYX Platforms Corp. (SKYX) reported $90.8M in revenue for fiscal year 2024. This represents a 116778% increase from $0.1M in 2012.

SKYX Platforms Corp. (SKYX) grew revenue by 46.8% over the past year. This is strong growth.

SKYX Platforms Corp. (SKYX) reported a net loss of $35.5M for fiscal year 2024.

Dividend & Returns

SKYX Platforms Corp. (SKYX) has a return on equity (ROE) of -283.0%. Negative ROE indicates the company is unprofitable.

SKYX Platforms Corp. (SKYX) had negative free cash flow of $17.9M in fiscal year 2024, likely due to heavy capital investments.

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