SKYX Reports Record Revenue of $25.7M in Q-3 2026 Compared to $23.9M in Q-3 2025 and 11 Consecutive Quarters of Growth YoY
Globe Newswire•12/11/2026•16:05 ET
0
Key Highlights
- ➤Q3 revenue rose 7.4% to $25.7 million, marking 11 consecutive quarters of growth
- ➤Gross profit increased 11% to a record $8.1 million in Q3
- ➤Cash, cash equivalents, and restricted cash reached $21 million at September 30
- ➤Deako merger created approximately 4 million-unit pipeline at approximately $50 average selling price
- ➤Three builder programs represent approximately 210,000 units across more than 2,500 homes
- ➤Merger expected to reduce annual cash expenses by more than $6 million
Gross profit rises in Q-3 by 11% to a record $8.1 million as SKYX continues to expand its market penetration
Company maintains a strong cash position with $21 million in cash, cash equivalents and restricted cash at September 30, 2026. Management believes it has sufficient cash to support its path to cash-flow positive
Get started
Create a free account to read the full story.