SKYX Platforms (NASDAQ:SKYX) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

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

SKYX Platforms Stock Performance

SKYX Platforms stock traded down $0.07 during mid-day trading on Friday, reaching $1.19. The company's stock had a trading volume of 281,508 shares, compared to its average volume of 417,925. The company has a current ratio of 0.62, a quick ratio of 0.47 and a debt-to-equity ratio of 2.22. SKYX Platforms has a twelve month low of $0.72 and a twelve month high of $2.14. The business has a 50 day moving average price of $1.54 and a 200-day moving average price of $1.26. The firm has a market cap of $121.98 million, a price-to-earnings ratio of -2.98 and a beta of -3,008.78.

SKYX Platforms Company Profile

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.