TechMediaBreaks – SKYX Platforms Corp. (NASDAQ: SKYX) Reports Record Q2 Revenue of $25.3 Million, Up 14% Sequentially
SKYX Platforms (NASDAQ: SKYX) reported record second-quarter 2026 revenue of $25.3 million, up 14% from $22.1 million in the first quarter and 10% from $23.1 million a year earlier, marking its 10th consecutive quarter of year-over-year growth. Gross profit increased 4% year over year to $7.3 million, while net loss narrowed to $8.2 million, or $0.06 per share, from $8.8 million, or $0.08 per share, a year earlier. Net cash used in operating activities declined 39% sequentially to $3.7 million from $6 million. SKYX reported $27.7 million in cash, cash equivalents and restricted cash as of June 30, with management stating…