SKYX Platforms Corp. (SKYX)
Industrials · Smart home and IoT consumer products · Nasdaq
Smart home hardware and e-commerce platform combining IoT-enabled lighting and home furnishings with an online retailer.
What SKYX Platforms Corp. does
SKYX Platforms Corp. develops and manufactures smart home technologies and products, including smart lighting and ceiling fans, while also operating an e-commerce platform specializing in home furnishings and related products. The company transitioned from its original business strategy to focus on smart product development and manufacturing, and expanded into retail e-commerce through an acquisition in 2023. It sells these products and technologies through both direct channels and its retail operations.
Themes: ["Smart home / IoT","Connected lighting","E-commerce / online retail","Home furnishings","Consumer discretionary"]
Fundamentals
- Price$1.27 as of 2026-07-10 close
- Market cap$171M as of 2026-07-13
- 1-year return+23.3% as of 2026-07-10 close
- Net margin-35.8% as of 2026-07-13
- Gross margin+30.6% as of 2026-07-13
- ROE-432.9% as of 2026-07-13
- Debt / equity0.74 as of 2026-07-13
- Revenue growth (YoY)+7.5% as of 2026-07-13
- Revenue CAGR (3y)+1321.7% SEC XBRL
- Beta-3346.10 as of 2026-07-13
Dividend: yield +0.6%; pays a dividend.
Key risks (from latest filing)
["Chronic unprofitability with accumulated deficit of $216.2 million and ongoing operating losses ($33.4M in 2025); company has never achieved sustainable profitability since inception","Supply chain vulnerabilities including chip shortages, shipping disruptions, tariffs, and material cost inflation impacting product manufacturing and delivery timelines","Integration challenges from retail acquisition and operational complexity of managing both hardware development and e-commerce retail operations simultaneously"]
Competitors & peers
- Philips Hue (Signify)
- LIFX
- Lutron Electronics
- GE Lighting (Current Lighting)
- Amazon (Alexa ecosystem / smart home)
- Home Depot
- Wayfair
Fundamentals: Finnhub, as of 2026-07-13. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-10.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.