Streetbeat News

SKYX

SKYX Platforms Corp.

https://www.skyplug.com

Industry

Electrical Equipment & Parts

SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company's first-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed into a ceiling's electrical outlet box; and second-generation technology provides a platform that is designed to enhance safety and lifestyle of homes and other buildings. It offers power-plugs; universal power-plug and receptacle products; and smart products. The company was formerly known as SQL Technologies Corp. and changed its name to SKYX Platforms Corp. in June 2022. SKYX Platforms Corp. was incorporated in 2004 and is headquartered in Pompano Beach, Florida.

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In Tuesday's after-market session, several industrials stocks saw significant movements. iPower and NEXTracker reported their Q3 and Q4 earnings respectively, leading to a rise in their stock prices. Other companies like Captivision, Nano Nuclear Energy, and Addentax Group also saw their shares increase. Conversely, VirTra, Surf Air Mobility, and SKYX Platforms reported their Q1 earnings, resulting in a decline in their stock prices. Additional companies experiencing declines include YY Group Holding, WANG & LEE Group, and Aqua Metals.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 8:31 pm

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%.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:05 pm

In Friday's pre-market session, industrials stocks saw significant movements. XPO, Interface, and Fluor reported their Q1 earnings, influencing their stock prices. Gainers included XPO, 1847 Holdings, Astra Space, Interface, Volato Group, and SKYX Platforms, with XPO leading at a 9.2% increase. Losers were led by Stem, Custom Truck One Source, Terran Orbital, Asure Software, Perma-Fix Environmental Services, and Fluor, with Stem experiencing the largest decline at 15.2%.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 12:06 pm

Noble Capital Markets analyst Patrick McCann initiates coverage on SKYX Platforms (NASDAQ:SKYX) with an Outperform rating and a price target of $5.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:40 pm

SKYX Platforms Corp. (NASDAQ:SKYX) announces a collaboration with Chinese lighting supplier Ruee Appliances to enhance market penetration in the US, Chinese, and European markets. This partnership aims to provide SKYX with financial support, mass production capabilities, and global distribution, expected to improve operational efficiencies and gross margins. SKYX, known for its smart platform technology and numerous patents, also highlighted its recent achievements including record sales and partnerships with industry leaders like General Electric.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:50 pm

In Wednesday's pre-market session, there were notable movements in the industrials stocks sector. Sentage Holdings, Nauticus Robotics, Desktop Metal, Gaucho Group Holdings, United Airlines Holdings, and SKYX Platforms saw gains, with increases ranging from 4.54% to 8.6%. On the downside, Velo3D, Palladyne AI, Vast Renewables, Hexcel, Laser Photonics, and Azul experienced declines between 7.64% and 16.0%. Nauticus Robotics' rise was attributed to its Q4 earnings report released the previous day.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 12:09 pm

SKYX Technologies announced the issuance of 8 new patents in the U.S. and internationally, including China, Europe, and India, for its smart home and AI platform technologies. This expansion brings its total to over 90 issued and pending patents. The company, which operates over 60 lighting and home decor websites, aims to make homes and buildings safer and smarter. These patents cover advanced plug and play and smart home platform technologies, enhancing SKYX's position in the smart home, electrical, and lighting industries.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:24 pm

SKYX Platforms shares are trading lower following the announcement of worse-than-expected Q4 earnings per share (EPS) results.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:41 pm

In Tuesday's pre-market session, VirTra, SKYX Platforms, Lichen China, SolarMax Technology, Freight Technologies, and Royalty Management Holdings saw gains, while Microvast Holdings, GE Aerospace, Pioneer Power Solutions, Terran Orbital, Nauticus Robotics, and OceanPal experienced declines. The movements were largely driven by the release of Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 12:07 pm

SKYX Platforms reported Q4 earnings with a loss of $(0.14) per share, missing the $(0.08) estimate by 75%, and a 16.67% decrease from last year. However, their sales of $22.17M exceeded the $21.12M estimate by 4.99%, marking a significant increase from last year's $9.11K.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:06 pm

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