SKYX Platforms Corp.

SKYX Platforms Corp. reported revenue of $92.0 million for FY 2025, a 6.6% increase from $86.3 million in FY 2024. Despite revenue growth, the company incurred a net loss of $33.4 million, an improvement from a $35.8 million loss in the prior year. The net loss per share was $0.32, compared to $0.36 in FY 2024. Operating expenses totaled $121.1 million, with cost of revenues at $64.2 million. The company ended the year with $8.1 million in cash and cash equivalents, plus $2.1 million in restricted cash, and total assets of $57.7 million. Management notes that liquidity sources, including $29.3 million in net proceeds from equity offerings in January 2026, alleviate substantial doubt about the company's ability to continue as a going concern.

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