SKYX Platforms (NASDAQ:SKYX) Issues Earnings Results

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

SKYX Platforms Trading Up 4.7 %

Shares of NASDAQ:SKYX opened at $1.35 on Tuesday. SKYX Platforms has a twelve month low of $0.72 and a twelve month high of $2.14. The company has a current ratio of 0.62, a quick ratio of 0.47 and a debt-to-equity ratio of 2.22. The firm has a market cap of $138.38 million, a P/E ratio of -3.38 and a beta of -3,008.78. The company has a 50 day moving average of $1.54 and a 200-day moving average of $1.26.

About SKYX Platforms

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.