Short answer
SKYX Platforms Corp. (SKYX) filed its Q1 2026 10-Q quarterly report on May 11, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $22M (up 9.8% year over year) with net income of −$9M.
Q1 2026 key financials · XBRL
- Revenue
- $22M
- +9.8% YoY
- Net income
- −$9M
- −2.5% YoY
- Operating margin
- -36.9%
- EPS (diluted)
- −$0.07
- +22.2% YoY
Source: XBRL data from the SKYX Platforms Corp. (SKYX) Q1 2026 10-Q on SEC EDGAR. USD.
SKYX Platforms Corp. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $22.1M, up 9.8% YoY from $20.1M, driven by higher lighting and heating product unit sales
- Gross margin 30.0% vs 28.4% YoY; operating margin (36.9%) vs (38.3%)
- Lighting and heating products, strongest disclosed product grouping, drove revenue growth; no segment comparisons disclosed
- Cash, equivalents and restricted cash $32.3M vs $10.1M; operating cash outflow $6.0M vs $4.3M
- Financing proceeds $28.3M, including $27.4M stock issuance and $1.9M warrant exercises; advanced and smart product sales expected to increase 2026 revenue
- Headwinds: tariffs, interest rates, supply and transportation costs, supply-chain constraints, geopolitical conflicts and wage increases
Risk Factors
- No material changes identified from the December 31, 2025 Form 10-K risk factors
- Business, operations, and financial results subject to risks materially affecting financial condition and stock price
- Forward-looking statements exposed to actual results differing materially from projections
- No quarter-specific regulatory, legal, operational, competitive, or financial risk disclosed
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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