Q1 EPS Estimates for SKYX Platforms Lowered by Roth Capital

SKYX Platforms Corp. (NASDAQ:SKYX) – Roth Capital dropped their Q1 2025 earnings estimates for SKYX Platforms in a report released on Thursday, March 27th. Roth Capital analyst G. Sweeney now expects that the company will earn ($0.10) per share for the quarter, down from their previous estimate of ($0.06). The consensus estimate for SKYX Platforms’ current full-year earnings is ($0.34) per share. Roth Capital also issued estimates for SKYX Platforms’ Q2 2025 earnings at ($0.08) EPS, Q3 2025 earnings at ($0.06) EPS, FY2025 earnings at ($0.28) EPS and FY2026 earnings at ($0.18) EPS.

SKYX Platforms (NASDAQ:SKYX) last released its quarterly earnings results on Monday, March 24th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). The business had revenue of $23.70 million for the quarter, compared to the consensus estimate 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 SKYX Platforms stock opened at $1.19 on Monday. The business has a 50 day moving average of $1.54 and a 200 day moving average of $1.27. SKYX Platforms has a 52 week low of $0.72 and a 52 week high of $2.14. The company has a market cap of $121.98 million, a PE ratio of -2.98 and a beta of -3,008.78. The company has a quick ratio of 0.47, a current ratio of 0.62 and a debt-to-equity ratio of 2.22.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new position in SKYX Platforms in the third quarter worth about $45,000. Geode Capital Management LLC raised its position in shares of SKYX Platforms by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 704,930 shares of the company’s stock worth $598,000 after acquiring an additional 121,358 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of SKYX Platforms in the 3rd quarter valued at approximately $27,000. Procyon Advisors LLC purchased a new position in shares of SKYX Platforms in the 4th quarter valued at approximately $241,000. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of SKYX Platforms during the fourth quarter valued at approximately $408,000. 11.79% of the stock is currently owned by institutional investors.

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.