The revenue beat and gross margin expansion are positive signals, but the EPS miss and widening cash burn temper enthusiasm. Watch for the conference call at 4:30pm ET for updates on the Group OTT partnership ramp and path to cash-flow positive. The $32M cash position provides a runway, but if burn continues at this pace, another capital raise may be needed within 12-18 months.
Price Chart
Executive Summary
SKYX reported Q1 2026 revenue of $22.1M (+9.8% YoY), beating consensus of $22.0M, but GAAP EPS of -$0.08 missed the Street consensus of -$0.07. Gross margin improved to 30% from 28% a year ago, and cash surged to $32.3M after a $29M equity raise. However, operating cash burn widened to -$6.0M from -$4.3M, and the net loss per share improved only marginally. The stock will likely trade on the revenue beat and margin expansion, offset by the EPS miss and accelerating cash burn.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $22.1M vs $20.1M YoY (+9.8%), above $22.0M consensus
- GAAP EPS -$0.08 vs Street consensus -$0.07 (miss of -14.3%)
- Gross margin improved to 30% from 28% YoY
- Cash and equivalents $32.3M as of March 31, 2026, up from $10.1M at Dec 31, 2025
- Operating cash flow used -$6.0M vs -$4.3M in Q1 2025 (burn widened 39%)
- Net loss per share improved to -$0.07 from -$0.09 YoY (GAAP basis)
- 9th consecutive quarter of YoY revenue growth
- Strategic partnership with European hotel developer Group OTT announced
Financial Impact
Revenue beat of ~$0.1M vs consensus; EPS miss of $0.01; operating cash burn increased $1.7M YoY
Risk Factors
- Operating cash burn widening despite revenue growth
- EPS miss vs consensus may pressure near-term sentiment
- Dependence on continued equity/debt financing to fund operations
- Execution risk on large hotel/builder deployment contracts
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-022225 |
| Document: form8-k.htm | 0001493152-26-022225 |
| Document: 0001493152-26-022225-index-headers.html | 0001493152-26-022225 |
| Document: 0001493152-26-022225-index.html | 0001493152-26-022225 |
| Document: 0001493152-26-022225.txt | 0001493152-26-022225 |
| 8-K Data (Synthetic) | 0001493152-26-022225 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | EFFECT | $0.9000 | awaiting T+60 | — | $0.8349 (+7.23%) |
Oct 14, 2026 12d ago | S-3 | $1.01 | awaiting T+60 | — | $0.8349 (+17.34%) |
Oct 14, 2026 13d ago | 8-K | $1.04 | awaiting T+60 | — | $0.8349 (−19.72%) |
Oct 1, 2026 25d ago | 8-K | $1.18 | awaiting T+60 | — | $0.8349 (+29.25%) |
Sep 10, 2026 6w ago | 8-K | $1.32 | awaiting T+60 | — | $0.8349 (−36.75%) |
Sep 10, 2026 6w ago | Press Release | $1.32 | awaiting T+60 | — | $0.8349 (−36.75%) |
May 13, 2026 23w ago | DEFA14A | $1.14 $1.22 | ▲ +7.02% | ▲ +3.43% | $0.8349 (−26.76%) |
May 11, 2026 24w ago | 8-K | $1.14 $1.19 | ▲ +4.85% | ▲ +0.46% | $0.8349 (−26.44%) |
May 11, 2026 24w ago | Press Release | $1.14 $1.19 | ▲ +4.85% | ▲ +0.46% | $0.8349 (−26.44%) |
May 7, 2026 24w ago | Press Release | $1.46 $1.11 | ▼ −23.97% | ▼ −27.81% | $0.8349 (−42.82%) |
US Market Status
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