SKYX Platforms Corp reports results for the quarter ended June 30 - Earnings Summary

• SKYX Platforms Corp SKYX.OQ reported a quarterly adjusted loss of 8 cents​​ per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of four analysts for the quarter was for a loss of 8 cents per share. Wall Street expected results to range from -9 cents to -7 cents per share.

• Revenue rose 7.5% to $23.06 million from a year ago; analysts expected $22.87 million.

• SKYX Platforms Corp's reported EPS for the quarter was a loss of 8 cents​.

• The company reported a quarterly loss of $9.1 million.

• SKYX Platforms Corp shares had risen by 11.0% this quarter and held steady so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is also "buy"

• Wall Street's median 12-month price target for SKYX Platforms Corp is $2.75, about 57.8% above its last closing price of $1.16

This summary was machine generated from LSEG data August 12 at 09:25 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)