The EPS miss is a negative surprise, but the strong cash position and revenue growth provide a floor. Watch for execution on the Group OTT partnership and progress toward cash flow positive status in H2 2026. The stock may be volatile near-term as the market weighs the miss against the strategic pipeline.
Price Chart
Executive Summary
SKYX reported Q1 2026 revenue of $22M, a 10% YoY increase, but EPS of -$0.08 missed consensus of -$0.06 by 26.3%. Gross margin improved to 30% from 28%, and cash surged to $32M from $10M after a $29M equity raise. The EPS miss and ongoing net losses temper the positive revenue growth and strategic partnership news.
Key Financial Metrics
Key Facts
- Q1 2026 revenue of $22M, up 10% YoY from $20M.
- EPS of -$0.08 missed consensus of -$0.06 (26.3% miss).
- Gross profit $7M, up 16% YoY; gross margin 30% vs 28%.
- Cash and equivalents $32M as of March 31, 2026, up from $10M at Dec 31, 2025.
- Raised $29M in straight equity in January 2026 at $2.50 and $2.00 per share.
- Net loss per share improved to -$0.07 from -$0.09 YoY.
- Strategic partnership with European developer Group OTT for hotel deployments.
- Collaboration with NVIDIA AI Ecosystem Connect Program announced.
- Management believes sufficient cash to achieve cash flow positive by end of 2026.
Financial Impact
Revenue beat consensus by ~$0.3M (1.4%), but EPS miss of -$0.02 per share vs estimate
Risk Factors
- Continued net losses and negative adjusted EBITDA despite revenue growth.
- Dependence on large-scale hotel and builder deployments for future revenue acceleration.
- Dilution risk from equity raises ($29M in January 2026 at $2.50/$2.00 per share).
- Uncertainty around safety code standardization timeline and adoption.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3292316 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | EFFECT | $0.9000 | awaiting T+60 | — | $0.7850 (+12.78%) |
Oct 14, 2026 12d ago | S-3 | $1.01 | awaiting T+60 | — | $0.7850 (+22.28%) |
Oct 14, 2026 12d ago | 8-K | $1.04 | awaiting T+60 | — | $0.7850 (−24.52%) |
Oct 1, 2026 25d ago | 8-K | $1.18 | awaiting T+60 | — | $0.7850 (+33.47%) |
Sep 10, 2026 6w ago | 8-K | $1.32 | awaiting T+60 | — | $0.7850 (−40.53%) |
Sep 10, 2026 6w ago | Press Release | $1.32 | awaiting T+60 | — | $0.7850 (−40.53%) |
May 13, 2026 23w ago | DEFA14A | $1.14 $1.22 | ▲ +7.02% | ▲ +3.43% | $0.7850 (−31.14%) |
May 11, 2026 24w ago | 8-K | $1.14 $1.19 | ▲ +4.85% | ▲ +0.46% | $0.7850 (−30.84%) |
May 11, 2026 24w ago | Press Release | $1.14 $1.19 | ▲ +4.85% | ▲ +0.46% | $0.7850 (−30.84%) |
May 7, 2026 24w ago | Press Release | $1.46 $1.11 | ▼ −23.97% | ▼ −27.81% | $0.7850 (−46.23%) |
US Market Status
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