SKYX Platforms Q1 2024 GAAP EPS $(0.10), Inline, Sales $19.00M Miss $23.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
SKYX Platforms Corp. reported Q1 2024 earnings with a GAAP EPS of $(0.10), meeting analyst expectations but unchanged from the previous year. However, their sales of $19.00M fell short of the $23.17M estimate by nearly 18%.

May 14, 2024 | 8:05 pm
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SKYX Platforms matched its EPS estimates but reported lower-than-expected sales, indicating potential concerns over revenue growth.
Meeting EPS estimates shows financial control, but missing sales forecasts by a significant margin could indicate underlying issues with revenue generation or market demand. This discrepancy is likely to concern investors, potentially leading to negative short-term stock price movement.
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