SKYX stock news · SKYX Platforms Corp.
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SKYX Platforms made $25.7 million in sales last quarter, up 7.4% from a year ago.
Good for SKYXSKYX reported Q3 sales of $25.7 million, up 7.4%, and gross profit of $8.1 million, up 11%. Growth and wider margins are encouraging, though positive cash flow remains a goal.
SKYX Platforms Corp. says it might be removed from Nasdaq because it didn't follow listing rules.
Bad for SKYXSKYX lost a director and fell short of 2 Nasdaq board rules. Its listing remains active for now, but failure to fix the gaps by the deadline could threaten it.
SKYX Platforms Corp. has signed an important deal to merge with Deako.
Bad for SKYXSKYX will issue 25,000,000 shares and take on $8.5M of 12% notes; this raises dilution and secured debt, which I view as unfavorable for existing holders.