SKYX Platforms Corp. reported its first quarter 2025 results on May 14, 2025, with revenue reaching $20.1 million. This represents a 6% year-over-year increase compared to Q1 2024, marking the fifth consecutive quarter of year-over-year growth.
The company achieved a 4.8% sequential improvement in gross margin compared to the fourth quarter of 2024. Additionally, General and Administrative (G&A) expenses saw a 17% reduction in Q1 2025, contributing to improved operational efficiency.
SKYX expanded its market footprint across the U.S. and Canada during the quarter. Management reaffirmed its expectation to achieve cash flow positivity in the second half of 2025, supported by its 'razor-and-blade' business model and ongoing market penetration.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.