SKYX Posts Record $25.3M Q2 Revenue, 14% Sequential Growth, and Narrows Loss
SKYX sits 23% above its 52-week low of $0.946.
Summary
SKYX delivered record Q2 revenue of $25.3M, up 14% sequentially and 10% year-over-year, marking ten consecutive quarters of YoY growth. Cash burn improved sharply—operating cash outflow fell 39% to $3.7M—and the company holds $27.7M in cash, which management says is enough to reach cash flow positive by end of 2026. Net loss narrowed to $8.2M from $8.8M a year ago. The quarter also saw continued commercial traction, including a Marriott renovation and European hotel deployments. This is the first detailed look at Q2 results and the cash flow positive guidance is a concrete milestone for a company that recently raised capital via a $200M shelf. The company filed an 8-K regarding operations and financial condition.
At the time of this announcement, SKYX was trading at $1.16 on NASDAQ in the Technology sector, with a market capitalization of approximately $162.7M. The 52-week trading range was $0.95 to $3.29. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.