SKYX Platforms (SKYX) Q3 2026 earnings summary

Executive summary

• Q3 revenue reached a record $25.665M, up 7.4% YoY and marking 11 consecutive quarters of YoY growth.

• The Deako merger broadened product coverage and builder reach, with an estimated ~4M-unit pipeline and three announced programs totaling more than 210,000 units.

Financial highlights

• Q3 revenue was $25.665M vs. $23.892M YoY; nine-month revenue was $73.030M vs. $67.067M, up 8.9%.

• Q3 operating loss narrowed to $5.701M from $6.764M, and net loss narrowed to $6.435M from $7.616M.

• Q3 adjusted EBITDA loss was $2.874M vs. $2.252M a year earlier, but narrowed 18.7% QoQ from $3.5M; adjusted loss per share fell to $0.02 from $0.03 QoQ.

• Q3 gross profit was $8.059M, up 11% from $7.3M in Q2; nine-month gross profit increased 8.4% YoY to $22.0M.

• Q3 net cash used in operating activities declined 15.5% YoY to $4.2M from $5.0M.

Outlook and guidance

• Management expects FY2026 revenue to exceed FY2025, primarily from Deako’s acquired operations, and believes available cash and cost reductions support progress toward cash-flow positive without specifying timing.

• Deako merger overlap savings are expected to reach $6M–$8M; management also cited potential heater-fan orders and product upgrades as growth drivers.

• The combined builder pipeline is estimated at ~4M units, with an expected ~$50 average selling price per product; announced program deliveries are expected through 2027.

• Four additional Turbo Heater models in five colors were planned for Q4 retail and e-commerce availability; third-generation smart-advanced products are expected in early 2027.