SKYX Platforms (NASDAQ:SKYX) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

SKYX Platforms (NASDAQ:SKYX) released its earnings results on Monday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03), Zacks reports. The business had revenue of $23.70 million during the quarter, compared to analyst estimates of $22.93 million. SKYX Platforms had a negative net margin of 44.92% and a negative return on equity of 353.92%.

SKYX Platforms Price Performance

Shares of NASDAQ:SKYX opened at $1.37 on Wednesday. The firm has a market capitalization of $140.43 million, a PE ratio of -3.43 and a beta of -3,008.78. The company has a current ratio of 0.62, a quick ratio of 0.47 and a debt-to-equity ratio of 2.22. SKYX Platforms has a 1-year low of $0.72 and a 1-year high of $2.14. The business’s 50 day moving average is $1.54 and its 200-day moving average is $1.26.

SKYX Platforms Company Profile

SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company’s first and second-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed and plugged into a ceiling’s electrical outlet box. It also provides universal power-plugs and receptacle products.