SKYX Q1 FY26 net loss per share narrows to $0.07; revenue rises 10% to $22 million

SKYX Platforms Corp.

SKYX Platforms Corp.

SKYX

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  • SKYX Platforms Q1 2026 revenue rose 10% to $22 million.
  • Gross profit increased 16% to $7 million; gross margin widened 2 percentage points to 30%.
  • Net loss per share narrowed to $0.07 from $0.09 a year earlier.
  • Cash, cash equivalents, and restricted cash climbed to $32 million as of March 31, 2026, following $29 million raised in straight equity.
  • Strategic partnership signed with European developer Group OTT to deploy SKYX technology as a brand standard across its hotels and buildings; management expects to become cash flow positive exiting 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SKYX Platforms Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605111605PRIMZONEFULLFEED9717692) on May 11, 2026, and is solely responsible for the information contained therein.

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