SKYX Platforms Corp. (SKYX) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2855 W. MCNAB ROAD POMPANO BEACH, FL 33069 |
| State of Incorp. | FL |
| Fiscal Year End | December 31 |
| Industry (SIC) | 364 - Electric Lighting And Wiring Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 16,811 | 14,094 | 4,878 | 4,126 | 451 | 1,241 | |||
| Cash and cash equivalents | 16,811 | 6,721 | 4,878 | 4,126 | 451 | 1,241 | |||
| Short-term investments | 7,374 | ||||||||
| Receivables | 3,385 | 1,050 | 797 | 234 | |||||
| Inventory, net of allowances, customer advances and progress billings | 3,426 | 1,924 | 2,353 | 2,401 | 264 | ||||
| Inventory | 3,426 | 1,924 | 2,353 | 2,401 | 264 | ||||
| Prepaid expense | 722 | 312 | 62 | 41 | 36 | 30 | |||
| Deferred costs | 224 | ||||||||
| Other current assets | 66 | ||||||||
| Other undisclosed current assets | 2,750 | 0 | (66) | ||||||
| Total current assets: | 27,318 | 16,330 | 8,342 | 7,365 | 985 | 1,271 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 21,215 | 23,045 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 437 | 216 | 195 | 114 | 128 | 133 | |||
| Intangible assets, net (including goodwill) | 24,298 | 663 | 204 | 106 | 83 | 46 | |||
| Goodwill | 16,157 | ||||||||
| Intangible assets, net (excluding goodwill) | 8,141 | 663 | 204 | 106 | 83 | 46 | |||
| Regulated entity, other noncurrent assets | 15 | 162 | |||||||
| Restricted cash and investments | 2,869 | ||||||||
| Other noncurrent assets | 205 | 182 | |||||||
| Other undisclosed noncurrent assets | 2,741 | 1,681 | 4,878 | 7,189 | 9,631 | ||||
| Total noncurrent assets: | 49,023 | 26,847 | 2,081 | 5,098 | 7,415 | 9,972 | |||
| TOTAL ASSETS: | 76,341 | 43,177 | 10,423 | 12,463 | 8,400 | 11,243 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 12,388 | 1,845 | 1,364 | 1,060 | 808 | 1,042 | |||
| Accounts payable | 11,514 | 1,370 | |||||||
| Accrued liabilities | |||||||||
| Other undisclosed accounts payable and accrued liabilities | 875 | 476 | 1,364 | 1,060 | 808 | 1,042 | |||
| Deferred revenue | 1,476 | ✕ | ✕ | ✕ | ✕ | ||||
| Debt | 5,724 | 756 | 590 | ||||||
| Derivative instruments and hedges, liabilities | 19,176 | ||||||||
| Program rights obligations | 800 | 2,638 | |||||||
| Other undisclosed current liabilities | 3,804 | 2,185 | 11,073 | 27,724 | 28,352 | 5,490 | |||
| Total current liabilities: | 24,193 | 7,424 | 31,613 | 28,785 | 29,160 | 7,121 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 6,776 | 4,867 | 275 | 4,121 | 1,346 | ||||
| Long-term debt, excluding current maturities | 6,776 | 4,867 | 200 | 4,040 | 1,251 | ||||
| Capital lease obligations | ✕ | ✕ | ✕ | 75 | 81 | 95 | |||
| Liabilities, other than long-term debt | 26,113 | 22,758 | |||||||
| Accounts payable and accrued liabilities | 745 | ||||||||
| Operating lease, liability | 22,268 | 22,758 | ✕ | ✕ | ✕ | ✕ | |||
| Program rights obligations | 3,100 | ||||||||
| Other undisclosed noncurrent liabilities | 3,038 | 3,457 | 11,101 | 7,869 | 11,649 | ||||
| Total noncurrent liabilities: | 35,927 | 27,626 | 3,457 | 11,376 | 11,990 | 12,995 | |||
| Total liabilities: | 60,119 | 35,050 | 35,070 | 40,161 | 41,149 | 20,116 | |||
| Temporary equity, carrying amount | 220 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 16,222 | 7,907 | (70,401) | (72,091) | (32,749) | (8,873) | |||
| Preferred stock, shares subscribed but unissued, subscriptions receivable | (78) | ||||||||
| Common stock | 162,025 | 114,040 | 80,104 | 12,294 | 2,892 | 127 | |||
| Additional paid in capital | 77,145 | 56,910 | 6,472 | 6,359 | |||||
| Accumulated other comprehensive loss | (62) | ||||||||
| Accumulated deficit | (145,803) | (106,070) | (168,051) | (141,182) | (42,703) | (15,324) | |||
| Other undisclosed equity, attributable to parent | (59,599) | (35) | 590 | (35) | |||||
| Equity, attributable to noncontrolling interest | (35) | (35) | (35) | (35) | |||||
| Other undisclosed equity | 71 | 71 | 71 | 71 | |||||
| Total equity: | 16,222 | 7,907 | (70,366) | (72,056) | (32,714) | (8,838) | |||
| Other undisclosed liabilities and equity | 45,718 | 44,358 | (35) | (35) | |||||
| TOTAL LIABILITIES AND EQUITY: | 76,341 | 43,177 | 10,423 | 12,463 | 8,400 | 11,243 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 58,786 | 32 | 7,701 | 7,015 | 2,885 | |||
| Cost of revenue | (40,750) | (19) | (6,380) | (6,136) | (2,477) | |||
| Cost of goods and services sold | (6,380) | (6,136) | (2,477) | |||||
| Other undisclosed gross profit | (40) | |||||||
| Gross profit: | 18,036 | 13 | 1,321 | 879 | 368 | |||
| Operating expenses | (55,861) | (26,390) | (8,224) | (6,874) | (5,242) | (4,803) | ||
| Other operating income (expense), net (Other Expenses) | (19,816) | (92,460) | (22,061) | 2,005 | ||||
| Other undisclosed operating loss | (248) | |||||||
| Operating loss: | (37,825) | (26,625) | (26,719) | (98,456) | (26,936) | (2,773) | ||
| Nonoperating expense | (1,907) | (411) | ||||||
| Interest and debt expense | 1,202 | 178 | (1,260) | (41,129) | (2,856) | 2,139 | ||
| Loss from continuing operations before income taxes: | (38,531) | (26,858) | (27,979) | (139,585) | (29,791) | (633) | ||
| Other undisclosed income (loss) from continuing operations | 1,260 | 41,137 | 2,901 | (6,171) | ||||
| Loss from continuing operations: | (38,531) | (26,858) | (26,719) | (98,448) | (26,890) | (6,805) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (26,719) | (98,448) | (26,890) | (6,805) | |
| Extraordinary item, gain | ✕ | ✕ | ✕ | ✕ | 50,438 | 210 | ||
| Net loss: | (38,531) | (26,858) | (26,719) | (48,010) | (26,681) | (6,805) | ||
| Net income attributable to noncontrolling interest | 0 | |||||||
| Other undisclosed net income (loss) attributable to parent | (1,202) | (178) | (50,438) | (210) | (0) | |||
| Net loss attributable to parent: | (39,733) | (27,036) | (26,719) | (98,448) | (26,890) | (6,805) | ||
| Preferred stock dividends and other adjustments | (38) | |||||||
| Other undisclosed net loss available to common stockholders, basic | (4,726) | |||||||
| Net loss available to common stockholders, diluted: | (39,733) | (31,800) | (26,719) | (98,448) | (26,890) | (6,805) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (38,531) | (26,858) | (26,719) | (48,010) | (26,681) | (6,805) | ||
| Comprehensive loss: | (38,531) | (26,858) | (26,719) | (48,010) | (26,681) | (6,805) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 0 | |||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1,140) | (5,005) | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (39,671) | (31,863) | (26,719) | (48,010) | (26,681) | (6,805) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.