SKYX Platforms Corp. (SKYX) Stock

SKYX Platforms Corp. (SKYX) is a Industrials stock trading at $1.11 (as of 2026-08-20), with a market capitalization of $150.33M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

SKYX Platforms Corp. develops platform technologies for electrically wired building products, including first-generation solutions for installing items like light fixtures and ceiling fans through ceiling electrical outlet boxes, and second-generation platforms supporting home and building safety and lifestyle use cases. It offers power-plugs, universal plug and receptacle products, and smart products.

Understand SKYX Platforms Corp.: how it makes money

SKYX Platforms Corp. builds safe-smart platform technologies for electrically wired home and building products, including power-plugs, universal power-plug and receptacle products, and smart products, which are designed to work through an electrical outlet box in ceilings.

The companys profit model is structurally tied to scaling adoption of its safe-smart platform into real installs, builders, and selling channels (tracked by platform homes supplied and builder and pro accounts), supported by ongoing patent activity.

Business quality (Weak): We have clear descriptions of the platform and several operating adoption and IP metrics, but the provided financial snapshot shows a large operating loss and the reportable segment breakdown is not available in the provided data.

Bull case

Platform adoption is measurable: Management tracks installs through "Advanced Smart Home Platform Homes Supplied (Approximate)" and tracks ecosystem pull through "Number of Builder and Pro Accounts Opened".
Distribution signals exist: The company reports "Retail Stores Carrying Products (Home Depot Collaboration)" and counts of websites carrying products.
Intellectual property pipeline is active: It tracks both "Pending and Issued Patents (United States and Global)" and "Newly Issued Patents (United States and Global)".

Bear case

Loss-making on the operating line: The provided latest-quarter snapshot shows operating margin of -36.9%, indicating the business is not currently profitable at the operating level.
Execution risk around scaling the platform: Adoption metrics depend on expanding builder and pro relationships and selling channels, and the provided KPIs show these relationships are still in the process of building.
IP progress does not guarantee commercial traction: Even with patent activity tracked, real-world platform uptake still needs to translate into sustained demand for its power-plug and smart product ecosystem.

Valuation — source: SEC EDGAR (first-party)
Price	$1.11
Market Cap	$150.33M
Price / Book	11.01
Price / Sales	1.56

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$92.01M
Net Margin	-36.3%
Revenue Growth (YoY)	9.6%
EPS Growth (YoY)	-25.0%

Financial Health — source: SEC EDGAR
Altman Z-Score	-4.08 (distress)
Piotroski F-Score	3/9 (weak)

Valuation vs Sector & Industry
Sector P/E (Industrials)	25.9
Industry P/E (Electrical Equipment)	37.8

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($8.66M)
Institutional Holders Tracked	10

Company
Sector	Industrials
Industry	Electrical Equipment
CEO	Leonard Jay Sokolow Econ.
Employees	76
Country	US
IPO Date	2022-02-10

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Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.