SKYX Platforms Corp. (SKYX) Form 8-K — Aug 12, 2026
SKYX Platforms reported record Q2 2026 revenue of $25.3 million, up 14% from $22.1 million in Q1 2026 and 10% from $23.1 million in Q2 2025, marking its 10th consecutive quarter of year-over-year growth. First-half 2026 revenue rose 10% to $47.4 million. The company ended the quarter with $27.7 million in cash, cash equivalents and restricted cash, boosted by a $29 million straight equity raise in January 2026. Net loss narrowed to $8.2 million ($0.06 per share) from $8.8 million a year earlier, operating cash burn fell 39% sequentially to $3.7 million, and stockholders' equity swung to positive $13.7 million from a deficit at year-end 2025.
Key figures
- Revenue
- 25270500
- Guidance
- Management believes it has sufficient cash to achieve its goals including becoming cash flow positive exiting 2026.
- Revenue Yoy
- 10%
- Total Assets
- 74102767
- Cash Position
- 27711471
- Shares Outstanding
- 135228628
- H1 Revenue2025
- 43175593
- H1 Revenue2026
- 47364889
- Q1 Revenue2026
- $22.1 million
- Q2 Revenue2025
- 23061655
- Total Liabilities
- 55447267
- Equity Raise Jan2026
- $29 million in straight equity, no warrants ($25 million at $2.50 per share and $4 million at $2.00 per share)
- Expected Deployment
- Over 1 million units expected across projects; over 100,000 units/homes by end of 2026 via Pro and Retail segments
- Gross Profit H1 2026
- $13.9 million, up 10% vs $12.7 million in H1 2025
- Gross Profit Q2 2026
- $7.3 million, up 4% vs Q2 2025
- Stockholders Equity
- 13655500
- Notes Extended To2030
- $13.5 million
- Operating Cash Use Q2 2026
- $3.7 million, down 39% from $6.0 million in Q1 2026
- Adjusted Ebitda Loss Q2 2026
- $3.5 million (improved from $3.9 million in Q1 2026, vs $2.6 million loss in Q2 2025)
- Consecutive Growth Quarters
- 10 consecutive quarters of YoY growth
- Interest Bearing Debt Reduction
- $2.0 million
Price after filing
Close on the filing date to close N calendar days later (from $1.21). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.