SKYX Q2 FY26 net loss narrows 6.82% to $8.2 million; revenue climbs 14% to $25.3 million vs Q1 FY26

Reuters2026/08/12 20:13

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SKYX Platforms posted Q2 2026 revenue up 14% to USD 25.3 million from Q1 2026, extending 10 straight YoY growth quarters.
Net loss narrowed to USD 8.2 million, improving USD 0.6 million year over year and USD 1.1 million sequentially.
Net loss per share improved to USD 0.06 from USD 0.08; cash used in operating activities fell 39% to USD 3.7 million.
Cash, cash equivalents and restricted cash rose to USD 27.7 million at June 30, 2026; interest-bearing debt fell USD 2 million.
Management reiterated plans to turn cash-flow positive exiting 2026, citing expanding retail distribution and hotel deployments in Europe.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SKYX Platforms Corp. published the original content used to generate this news brief on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SKYX Q2 FY26 net loss narrows 6.82% to $8.2 million; revenue climbs 14% to $25.3 million vs Q1 FY26

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