Filing Flows › Skyx Platforms (SKYX) › Q4 2024
Skyx Platforms (SKYX) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 24, 2025
Skyx Platforms (SKYX) reported revenue of $23.7M for the fourth quarter 2024 (Q4 2024), +7% from a year earlier and +7% from the quarter before. Operating margin was -39.6%, net loss $10.0M (42.3% of revenue).
Skyx Platforms, Q4 2024: revenue $23.7M (+7% year over year), operating margin -39.6%, net loss $10.0M, operating cash flow −$5.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.7M | +7% | +7% |
| Operating profit | −$9.4M | — | — |
| Net earnings | −$10.0M | — | — |
| Operating cash flow | −$5.3M | — | — |
What changed
Revenue was $23.7M in Q4 2024, up 7% year over year and up 7% from the previous quarter.
Operating costs exceeded revenue by $9.4M, an operating margin of -39.6%. The quarter ended with a net loss of $10.0M, wider than the previous quarter's $8.6M loss.
Operating cash flow was −$5.3M. Non-cash charges added back $941K of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items used $682K.
Questions
What was Skyx Platforms' revenue in the fourth quarter 2024?
Skyx Platforms (SKYX) reported revenue of $23.7M for the fourth quarter 2024 (Q4 2024), +7% from a year earlier and +7% from the quarter before.
Was Skyx Platforms profitable in the fourth quarter 2024?
Operating loss was $9.4M (-39.6% of revenue) and net loss $10.0M.
Source: Skyx Platforms 10-K on SEC EDGAR.