SKYX Platforms (NASDAQ:SKYX) Announces Quarterly Earnings Results

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

SKYX Platforms Stock Up 4.7 %

Shares of NASDAQ:SKYX opened at $1.35 on Tuesday. SKYX Platforms has a 1-year low of $0.72 and a 1-year high of $2.14. The company’s fifty day moving average is $1.54 and its two-hundred day moving average is $1.26. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.47 and a current ratio of 0.62. The stock has a market capitalization of $138.38 million, a price-to-earnings ratio of -3.38 and a beta of -3,008.78.

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.