SKYX Platforms Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St.11-15

SKYX Platforms (NASDAQ:SKYX) Third Quarter 2024 Results Key Financial Results Revenue: US$22.2m (up 2.6% from 3Q 2023). Net loss: US$8.62m (loss widened by 20% from 3Q 2023). US$0.083 loss per share ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 5.3%. Earnings per share  exceeded analyst estimates by 7.0%.Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Electrical industry in the US.The company's shares are down 13% from a week ago.Before you take the next step you should know about the 3 warning signs for SKYX Platforms that we have uncovered.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SKYX":"SKYX Platforms"},"translate_title":"SkyX Platforms 2024年第三季度收益：每股收益超出预期，收入滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SKYX":1},"content_text":"SKYX Platforms (NASDAQ:SKYX) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$22.2m (up 2.6% from 3Q 2023).\nNet loss: US$8.62m (loss widened by 20% from 3Q 2023).\nUS$0.083 loss per share (further deteriorated from US$0.079 loss in 3Q 2023).\n\n\n\n\n  NasdaqCM:SKYX Earnings and Revenue Growth November 15th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nSKYX Platforms EPS Beats Expectations, Revenues Fall Short\n Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) exceeded analyst estimates by 7.0%. \n Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Electrical industry in the US. \nPerformance of the American Electrical industry.\n The company's shares are down 13% from a week ago. \nRisk Analysis\n Before you take the next step you should know about the 3 warning signs for SKYX Platforms that we have uncovered. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483751327"}