SKYX Platforms Reports Q3 2026 Revenue Growth and Improved Margins
SKYX Platforms (SKYX) reported third-quarter 2026 revenue of $25.7 million, a 7.4% increase year-over-year, driven by expansion in retail and builder channels. The company demonstrated improved operational efficiency, with gross margins rising to 31.4% from 28.9% in the previous quarter due to better product mix and cost management. Adjusted EBITDA loss also narrowed to $2.9 million, an 18.7% improvement over the second quarter. The company is leveraging synergies from its Deako merger, projecting annual cash savings of $6 million to $8 million. Strategic growth initiatives include a massive builder pipeline of approximately 4 million units and international expansion into luxury developments in Hyderabad, India. Additionally, SKYX strengthened its balance sheet by reducing interest-bearing debt to $14.7 million and increasing its cash position to $21 million.
Tickers: $SKYX
Topics: Cash Position Debt Reduction EBITDA Loss Narrowing Gross Margin Improvement Revenue Growth