SKYX Platforms Corp. (SKYX) Reports Q3 Loss, Tops Revenue Estimates

Core Insights - SKYX Platforms Corp. reported a quarterly loss of $0.07 per share, which was better than the Zacks Consensus Estimate of a loss of $0.08, indicating an earnings surprise of +12.50% [1] - The company generated revenues of $23.89 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.98% and showing an increase from $22.17 million year-over-year [2] - The stock has increased by approximately 36.2% since the beginning of the year, outperforming the S&P 500's gain of 16.4% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.07 on revenues of $25.63 million, and for the current fiscal year, it is -$0.32 on revenues of $91.99 million [7] - The estimate revisions trend for SKYX Platforms was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Technology Services industry, to which SKYX Platforms belongs, is currently ranked in the top 30% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - The performance of SKYX Platforms may be influenced by the overall industry outlook, as empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions [5]