Earnings ·
SKYX Platforms Corp. reported financial results for the quarter ended June 30, 2026, announcing record second-quarter…
SKYXSKYX Platforms Corp.
SKYX Platforms Corp. reported financial results for the quarter ended June 30, 2026, announcing record second-quarter revenues of $25.3 million, a 14% increase from Q1 2026 and a 10% year-over-year rise. The company posted a net loss of $8.2 million ($0.06 per share), down from $8.8 million in the prior year period, while gross profit grew 4% to $7.3 million. Cash and cash equivalents increased to $27.7 million following a $29 million equity raise in January 2026. The company also highlighted strategic expansions into European hotel markets and partnerships with major U.S. retailers. SKYX Platforms Corp. operates in the smart home technology and lighting industry, developing patented safety and AI-driven home automation products.