Filing Flows › Skyx Platforms (SKYX) › Q1 2025
Skyx Platforms (SKYX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Skyx Platforms (SKYX) reported revenue of $20.1M for the first quarter 2025 (Q1 2025), +6% from a year earlier and -15% from the quarter before. Operating margin was -38.3%, net loss $9.1M (45.0% of revenue).
Skyx Platforms, Q1 2025: revenue $20.1M (+6% year over year), operating margin -38.3%, net loss $9.1M, operating cash flow −$4.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.1M | -15% | +6% |
| Operating profit | −$7.7M | — | — |
| Net earnings | −$9.1M | — | — |
| Operating cash flow | −$4.3M | — | — |
What changed
Revenue was $20.1M in Q1 2025, up 6% year over year and down 15% from the previous quarter.
Operating costs exceeded revenue by $7.7M, an operating margin of -38.3%. The quarter ended with a net loss of $9.1M, narrower than the previous quarter's $10.0M loss.
Operating cash flow was −$4.3M. Non-cash charges added back $1.0M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $678K.
Questions
What was Skyx Platforms' revenue in the first quarter 2025?
Skyx Platforms (SKYX) reported revenue of $20.1M for the first quarter 2025 (Q1 2025), +6% from a year earlier and -15% from the quarter before.
Was Skyx Platforms profitable in the first quarter 2025?
Operating loss was $7.7M (-38.3% of revenue) and net loss $9.1M.
Source: Skyx Platforms 10-Q on SEC EDGAR.