SKYX Posts Record Q2 Revenue of $25.3M, Up 14% Sequentially, with $27.7M in Cash
SKYX sits 19% above its 52-week low of $0.946.
Summary
SKYX Platforms reported record Q2 2026 revenue of $25.3 million, up 14% sequentially, with reduced losses and a strong cash position of $27.7 million. Management expects to become cash flow positive by the end of 2026.
Key Events · Earnings and Guidance · SKYX
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Record Q2 Revenue
Q2 2026 revenue reached $25.3 million, up 14% sequentially from $22.1 million and 10% year-over-year from $23.1 million, marking ten consecutive quarters of growth.
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Improved Profitability
Net loss narrowed to $8.2 million from $8.8 million a year ago, and adjusted EBITDA loss improved to $3.5 million from $3.9 million in Q1 2026.
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Cash Burn Reduction
Net cash used in operating activities fell 39% to $3.7 million in Q2 2026 from $6.0 million in Q1 2026, with total cash of $27.7 million as of June 30, 2026.
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Cash Flow Positive Target
Management believes it has sufficient cash to achieve its goals, including becoming cash flow positive as it exits 2026.
Analysis · SKYX · Manufacturing
Record Q2 revenue of $25.3 million, up 14% sequentially and 10% year-over-year, marks ten consecutive quarters of growth for SKYX. The net loss narrowed to $8.2 million, and operating cash burn fell 39% to $3.7 million. With $27.7 million in cash and management targeting cash flow positivity by the end of 2026, the financial trajectory is improving. A $29 million equity raise completed in January 2026 at $2.50 and $2.00 per share further strengthened the balance sheet. Operational momentum includes expected deployment of over 1 million units and expansion into European hotels and major U.S. retailers.
At the time of this filing, SKYX was trading at $1.13 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $162.7M. The 52-week trading range was $0.95 to $3.29. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.