SKYX Platforms (NASDAQ:SKYX) Issues Quarterly Earnings Results

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

SKYX Platforms Price Performance

SKYX opened at $1.37 on Wednesday. The company has a fifty day moving average price of $1.54 and a two-hundred day moving average price of $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 firm has a market capitalization of $140.43 million, a PE ratio of -3.43 and a beta of -3,008.78. SKYX Platforms has a 52 week low of $0.72 and a 52 week high of $2.14.

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.