SKYX Platforms
SKYX on Nasdaq. SKYX Platforms sells lighting fixtures and ceiling fans to homes and businesses. Market value $156m.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Cash flow or capital spending isn't reported, so free cash flow is unknown.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
We could not compute this from the filings.
The filings do not give us enough to work this out.
Each dollar kept in the business earns -246 cents a year. Above 10 is good.
Quality score: 30 of 100. Price score: 16 of 100. Our list needs 70 on quality and 60 on price.
$1.13 a share, 19% above its 1-year low
Over the past year the price has ranged from $0.95 to $3.29.
Dividend: 0.7% a year
Paid in its latest year
Payouts have jumped around in recent years, so this may not repeat.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $8m | $32,022 | $59m | $86m | $92m |
| Operating margin | |||||
| Operating margin | n/a | -83146.5% | -64.3% | -37.2% | -31.6% |
| Debt to equity | |||||
| Debt to equity | n/a | 0.83 | 1.13 | 4.96 | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.06bn | 0.09bn | 0.10bn | 0.11bn | 0.14bn |
Health checks
- Free cash flow positive0 of 2 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)4 of 9
- Profit backed by cash (accruals)No
- DebtUnknown
- Revenue growth, five yearsStrong, 33.1% a year
- Buying back its own sharesNo, 146% more shares since 2017
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $25 million last quarter, up 10% on a year ago.
- A loss of $8 million, compared with a loss of $9 million a year ago.
- It loses 30 cents on each $1 of sales, compared with 36 cents a year earlier.
- 26% more shares than a year ago. Each share owns a bit less of the company.
- It has $8 million more cash than debt. A year ago debt was $7 million more than cash.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $22m |
| December 2024 | $24m |
| March 2025 | $20m |
| June 2025 | $23m |
| September 2025 | $24m |
| December 2025 | $25m |
| March 2026 | $22m |
| June 2026 | $25m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$9m |
| December 2024 | -$10m |
| March 2025 | -$9m |
| June 2025 | -$9m |
| September 2025 | -$8m |
| December 2025 | -$8m |
| March 2026 | -$9m |
| June 2026 | -$8m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 26 March 2026
- Next quarterly (estimated, 10-Q)
- 11 November 2026
Who owns it
1 long-term investor we follow owns it, unchanged from 1 last quarter. 85 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Matrix Asset AdvisorsDavid Katz | $237,575 | <0.1% | Added |
Largest holders overall
- Vanguard Capital Management$4mAdded
- Kanen Wealth Management$2mAdded
- Alyeska Investment Group, L.P.$2mCut
- Allied Private Wealth$1m
- Millennium Management$1mCut
- BlackRock$1mCut
- Geode Capital Management$1mCut
- Jane Street Group$1mNew
- Clear Harbor Asset Management$852,524Added
- Daytona Street Capital$808,463Added
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- Dov Shiffat least 11.5%−0.3 pts(filed with 2 related holders)Since 2 July 2026
What they said
On July 2, 2026, SGA entered into a share purchase agreement (the "Purchase Agreement") with DZDLUX, pursuant to which DZDLUX purchased 235,712 shares of Common Stock for cash consideration of approximately $245,140. SGA no longer holds shares of Common Stock following the…
Read the filing - Rani R. KohenInsider or founder8.7%Since 15 November 2025
- Motek 7 SQL LLCPassive investor5.5%Since 12 August 2025
- Alyeska Investment Group, L.P.Passive investorSold down below 5%Since 30 June 2026
- Shiff Group Assets Ltd.Insider or founderSold down below 5%Since 26 January 2026
| Holder | Stake | Since | |
|---|---|---|---|
Dov Shiff | at least 11.5%−0.3 pts (filed with 2 related holders) | 2 July 2026 | What they saidOn July 2, 2026, SGA entered into a share purchase agreement (the "Purchase Agreement") with DZDLUX, pursuant to which DZDLUX purchased 235,712 shares of Common Stock for cash consideration of approximately $245,140. SGA no longer holds shares of Common Stock following the… Read the filing |
Rani R. Kohen Insider or founder | 8.7% | 15 November 2025 | |
Motek 7 SQL LLC Passive investor | 5.5% | 12 August 2025 | |
Alyeska Investment Group, L.P. Passive investor | Sold down below 5% | 30 June 2026 | |
Shiff Group Assets Ltd. Insider or founder | Sold down below 5% | 26 January 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 26 Mar 2026, plus the 10-Q filed 12 Aug 2026 and 5 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- It owes more than it owns on paper (negative equity). Often that's from borrowing to buy back shares.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.